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Real Estate Inventories (Tables)

12 Months Ended

Dec. 31, 2023

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventories

Real estate inventories consisted of the following (in thousands):

			December 31, 2023						December 31, 2022
Real estate inventories owned:
Homes completed or under construction			$	1,402,762					$	1,293,681
Land under development			1,299,074						1,279,394
Land held for future development			153,615						140,725
Model homes			306,565						231,157
Total real estate inventories owned			3,162,016						2,944,957
Real estate inventories not owned:
Land purchase and land option deposits			175,467						228,892
Total real estate inventories not owned			175,467						228,892
Total real estate inventories			$	3,337,483					$	3,173,849

Schedule of Interest Incurred, Capitalized and Expensed

Interest incurred, capitalized and expensed were as follows (in thousands):

			Year Ended December 31,
			2023						2022						2021
Interest incurred			$	147,169					$	124,529					$	92,783
Interest capitalized			(147,169)						(124,529)						(92,783)
Interest expensed			$	—					$	—					$	—
Capitalized interest in beginning inventory			$	191,411					$	173,563					$	182,228
Interest capitalized as a cost of inventory			147,169						124,529						92,783
Interest previously capitalized as a cost of inventory, included in    cost of sales			(116,933)						(106,681)						(101,448)
Capitalized interest in ending inventory			$	221,647					$	191,411					$	173,563

Schedule of Real Estate Inventory Impairments and Land Option Abandonments

Real estate inventory impairments and land option abandonments consisted of the following (in thousands):

			Year Ended December 31,
			2023						2022						2021
Real estate inventory impairments			$	11,500					$	—					$	19,600
Land and lot option abandonments and pre-acquisition costs			2,657						8,747						1,238
Total			$	14,157					$	8,747					$	20,838

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+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 360
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 2
-Subparagraph (SAB Topic 5.CC)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480091/360-10-S99-2

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 360
-SubTopic 10
-Section 50
-Paragraph 2
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482099/360-10-50-2

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Tabular disclosure of real estate properties and units in those properties that are included in the discussion of the nature of an entity's operations.

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