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Real Estate Inventories (Tables)
 6 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
Summary of Real Estate Inventories
Real estate inventories consisted of the following (in thousands):
June 30, 2022December 31, 2021
Real estate inventories owned:
Homes completed or under construction$1,827,603 $1,222,468 
Land under development1,024,754 1,187,485 
Land held for future development139,956 200,362 
Model homes239,984 202,693 
Total real estate inventories owned3,232,297 2,813,008 
Real estate inventories not owned:
Land purchase and land option deposits258,024 241,735 
Total real estate inventories not owned258,024 241,735 
Total real estate inventories$3,490,321 $3,054,743 
Summary of Interest Incurred, Capitalized and Expensed
Interest incurred, capitalized and expensed were as follows (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Interest incurred$28,789 $22,558 $57,342 $43,737 
Interest capitalized(28,789)(22,558)(57,342)(43,737)
Interest expensed$— $— $— $— 
Capitalized interest in beginning inventory$185,051 $182,729 $173,563 $182,228 
Interest capitalized as a cost of inventory28,789 22,558 57,342 43,737 
Interest previously capitalized as a cost of
inventory, included in cost of sales
(24,963)(31,124)(42,028)(51,802)
Capitalized interest in ending inventory$188,877 $174,163 $188,877 $174,163 
Schedule of Real Estate Inventory Impairments and Land Option Abandonments
Real estate inventory impairments and land and lot option abandonments and pre-acquisition charges consisted of the following (in thousands):
 Three Months Ended June 30,Six Months Ended June 30,
 2022202120222021
Real estate inventory impairments$— $— $— $— 
Land and lot option abandonments and pre-acquisition charges1,131 232 1,897 445 
Total$1,131 $232 $1,897 $445