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REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands | 12 Months Ended
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Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021
Summary of capitalized interest |  |  |  |  |  |
Capitalized interest, beginning of year |  | $ 60,169 | [1] | $ 56,253 | [1] | $ 58,940
Interest incurred |  | 57,759 |  | 60,599 |  | 62,836
Interest expensed |  | 0 |  | (41) |  | (318)
Interest amortized to cost of home and land closings |  | (63,412) |  | (56,642) |  | (65,205)
Capitalized interest, end of year | [1] | $ 54,516 |  | $ 60,169 |  | $ 56,253
[1] | Approximately $346,000, $208,000 and $208,000 of the capitalized interest is related to our joint venture investments and is a component of Investments in unconsolidated entities in our consolidated balance sheets as of December 31, 2023, 2022 and 2021, respectively.

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