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House and Land Inventory (Tables) | 9 Months Ended
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Sep. 30, 2025
Inventory Disclosure [Abstract] |
Components of Inventory | Major components of inventory were as follows ($000’s omitted):
| September 30, 2025 |  | December 31, 2024
Homes under construction | $ | 5,857,201 |  |  | $ | 5,770,355 |
Land under development | 6,772,262 |  |  | 6,243,745 |
Raw land | 584,641 |  |  | 548,848 |
Consolidated inventory not owned (a) | 120,186 |  |  | 102,865 |
Land held for sale | 17,687 |  |  | 27,007 |
| $ | 13,351,977 |  |  | $ | 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 Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2025 |  | 2024 |  | 2025 |  | 2024
Interest in inventory, beginning of period | $ | 136,624 |  |  | $ | 149,362 |  |  | $ | 139,960 |  |  | $ | 139,078 |
Interest capitalized | 26,139 |  |  | 26,443 |  |  | 78,360 |  |  | 86,346 |
Interest expensed | (31,199) |  |  | (29,708) |  |  | (86,756) |  |  | (79,327) |
Interest in inventory, end of period | $ | 131,564 |  |  | $ | 146,097 |  |  | $ | 131,564 |  |  | $ | 146,097 |
Schedule Of Company Interests In Land Option Agreements | The following provides a summary of our interests in land option agreements as of September 30, 2025 and December 31, 2024 ($000’s omitted):
| September 30, 2025 |  |  |  | December 31, 2024
| Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |  |  | Deposits and Pre-acquisition Costs |  | Remaining Purchase Price |  |
Land options with VIEs | $ | 399,980 |  |  | $ | 3,477,827 |  |  |  |  | $ | 358,066 |  |  | $ | 3,104,196 |  |  |
Other land options | 765,801 |  |  | 6,394,924 |  |  |  |  | 700,397 |  |  | 6,127,486 |  |  |
| $ | 1,165,781 |  |  | $ | 9,872,751 |  |  |  |  | $ | 1,058,463 |  |  | $ | 9,231,682 |  |  |

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