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Real estate inventory and capitalized interest (Tables)
 3 Months Ended
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