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Real estate inventory and capitalized interest (Tables) | 3 Months Ended
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Mar. 31, 2024
Real estate inventory and capitalized interest [Abstract] |
Real Estate Inventory | A summary of real estate inventory is as follows as of March 31, 2024 and December 31, 2023 (in thousands):
|  | March 31, 2024 |  |  | December 31, 2023 |
Lots held for construction |  | $ | 59,149 |  |  | $ | 32,184 |
Homes under construction, completed homes and model homes |  |  | 174,931 |  |  |  | 180,920 |
Total real estate inventory |  | $ | 234,080 |  |  | $ | 213,104 |
Capitalized Interest | A summary of capitalized interest is as follows (in thousands):
|  | Three Months Ended March 31, |
|  | 2024 |  | 2023 |
Capitalized interest, beginning of period |  | $ | 1,338 |  |  | $ | 1,117 |
Interest incurred |  |  | 939 |  |  |  | 510 |
Interest expensed |  |  | (698 | ) |  |  | (245 | )
Interest charged to cost of home closings |  |  | (721 | ) |  |  | (603 | )
Capitalized interest, end of period |  | $ | 858 |  |  | $ | 779 |

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