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House and Land Inventory (Tables)
6 Months Ended
Jun. 30, 2025
Inventory Disclosure [Abstract]  
Components of Inventory
Major components of inventory were as follows ($000’s omitted): 
June 30,
2025
December 31,
2024
Homes under construction$6,058,209 $5,770,355 
Land under development6,495,831 6,243,745 
Raw land561,719 548,848 
Consolidated inventory not owned (a)
82,052 102,865 
Land held for sale18,197 27,007 
$13,216,008 $12,692,820 

(a)    Consolidated inventory not owned includes land sold to third parties for which the Company retains a repurchase option.
Capitalized Interest Rollforward Information related to interest capitalized into inventory is as follows ($000’s omitted):
Three Months EndedSix Months Ended
 June 30,June 30,
 2025202420252024
Interest in inventory, beginning of period$139,541 $148,101 $139,960 $139,078 
Interest capitalized26,129 29,284 52,221 59,903 
Interest expensed(29,046)(28,023)(55,557)(49,619)
Interest in inventory, end of period$136,624 $149,362 $136,624 $149,362 
Schedule Of Company Interests In Land Option Agreements The following provides a summary of our interests in land option agreements as of June 30, 2025 and December 31, 2024 ($000’s omitted):
 
 June 30, 2025December 31, 2024
 Deposits and
Pre-acquisition
Costs
Remaining Purchase
Price
Deposits and
Pre-acquisition
Costs
Remaining Purchase
Price
Land options with VIEs$392,256 $3,540,196 $358,066 $3,104,196 
Other land options747,471 6,547,406 700,397 6,127,486 
$1,139,727 $10,087,602 $1,058,463 $9,231,682