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Interest on Senior Notes and Revolving Line of Credit
 3 Months Ended
Mar. 31, 2024
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, if applicable, 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, 2024 and 2023, 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,

2024

2023

Interest capitalized beginning of period

$

72,598

$

61,775

Interest capitalized during period

14,607

14,016

Less: capitalized interest in cost of sales

(12,033)

(9,807)

Interest capitalized end of period

$

75,172

$

65,984