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Inventory | 12 Months Ended
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Dec. 31, 2024
Inventory, Real Estate [Abstract] |
Inventory Disclosure [Text Block] | INVENTORY A summary of inventory is as follows (in thousands):
| December 31, 2024 |  | December 31, 2023
Land and lots - developed and under development | $ | 1,234,532 |  |  | $ | 921,241 |
Homes completed or under construction | 678,198 |  |  | 559,488 |
Land held for future development(1) | 14,481 |  |  | 48,991 |
Land held for sale | 10,521 |  |  | 3,503 |
Total inventory | $ | 1,937,732 |  |  | $ | 1,533,223 |
(1)Land held for future development consists of raw land parcels where development activities have been postponed due to market conditions or other factors. All applicable carrying costs, including property taxes, are expensed as incurred. As of December 31, 2024, the Company reviewed the performance and outlook for all of its communities and land inventory for indicators of potential impairment and performed detailed impairment analysis when such indicators were identified. During the year ended December 31, 2024, the Company recorded $3.7 million of impairments to reduce the carrying value of the respective inventory to fair value. This impairment charge was included in cost of revenues in our consolidated statements of income. For the year ended December 31, 2023, the Company did not record an impairment adjustment to reduce the carrying value of communities or land inventory to fair value. For the year ended December 31, 2022, the Company recorded a $6.0 million impairment charge to reduce the carrying value of certain land held for future development to fair value. A summary of interest costs incurred, capitalized and expensed is as follows (in thousands):
| Years Ended December 31,
| 2024 |  | 2023 |  | 2022
Interest capitalized at beginning of period | $ | 24,126 |  |  | $ | 22,752 |  |  | $ | 19,950 |
Interest incurred | 13,910 |  |  | 14,628 |  |  | 16,454 |
Interest charged to cost of revenues | (11,416) |  |  | (13,254) |  |  | (13,652) |
Interest capitalized at end of period | $ | 26,620 |  |  | $ | 24,126 |  |  | $ | 22,752 |
Capitalized interest as a percentage of inventory | 1.4 | % |  | 1.6 | % |  | 1.6 | %

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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- References No definition available. + Details
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