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Interest on Senior Notes and Revolving Line of Credit

3 Months Ended

Mar. 31, 2023

Interest on Senior Notes and Revolving Line of Credit [Abstract]

Interest on Senior Notes and Revolving Line of Credit

10. Interest on Senior Notes and Revolving Line of Credit

Interest on our senior notes and Revolving Line of Credit is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three months ended March 31, 2023 and 2022, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs were as follows (in thousands):



	Three Months Ended March 31,
	2023		2022
Interest capitalized beginning of period		61,775		53,379
Interest capitalized during period		14,016		14,019
Less: capitalized interest in cost of sales		(9,807)		(12,146)
Interest capitalized end of period		65,984		55,252