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Owned Inventory (Tables) | 12 Months Ended
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Sep. 30, 2024
Real Estate [Abstract] |
Schedule of inventory | The components of our owned inventory are as follows as of September 30, 2024 and 2023:
in thousands | September 30, 2024 |  | September 30, 2023
Homes under construction | $ | 754,705 |  |  | $ | 644,363 |
Land under development | 1,023,188 |  |  | 870,740 |
Land held for future development | 19,879 |  |  | 19,879 |
Land held for sale | 19,086 |  |  | 18,579 |
Capitalized interest | 124,182 |  |  | 112,580 |
Model homes | 99,600 |  |  | 90,062 |
Total owned inventory | $ | 2,040,640 |  |  | $ | 1,756,203 |
Schedule of total inventory by segment | Total owned inventory by reportable segment is presented in the table below as of September 30, 2024 and 2023:
in thousands | Projects in Progress (a) |  | Land Held for Future Development |  | Land Held for Sale |  | Total Owned Inventory
September 30, 2024 |  |  |  |  |  |  |
West | $ | 1,023,140 |  |  | $ | 3,483 |  |  | $ | 17,110 |  |  | $ | 1,043,733 |
East | 411,914 |  |  | 10,888 |  |  | 1,300 |  |  | 424,102 |
Southeast | 365,676 |  |  | 5,508 |  |  | 676 |  |  | 371,860 |
Corporate and unallocated(b) | 200,945 |  |  | — |  |  | — |  |  | 200,945 |
Total | $ | 2,001,675 |  |  | $ | 19,879 |  |  | $ | 19,086 |  |  | $ | 2,040,640 |
September 30, 2023 |  |  |  |  |  |  |
West | $ | 914,908 |  |  | $ | 3,483 |  |  | $ | 14,702 |  |  | $ | 933,093 |
East | 325,395 |  |  | 10,888 |  |  | 3,201 |  |  | 339,484 |
Southeast | 297,142 |  |  | 5,508 |  |  | 676 |  |  | 303,326 |
Corporate and unallocated(b) | 180,300 |  |  | — |  |  | — |  |  | 180,300 |
Total | $ | 1,717,745 |  |  | $ | 19,879 |  |  | $ | 18,579 |  |  | $ | 1,756,203 |
(a) Projects in progress include homes under construction, land under development, capitalized interest, and model home categories from the preceding table. (b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment.
Schedule of inventory impairments and lot option abandonment charges | The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:
| Fiscal Year Ended September 30,
in thousands | 2024 |  | 2023 |  | 2022
Land Held for Sale: |  |  |  |  |
West | $ | — |  |  | $ | — |  |  | $ | 1,303 |
Corporate and unallocated(a) | — |  |  | — |  |  | 565 |
Total impairment charges on land held for sale | $ | — |  |  | $ | — |  |  | $ | 1,868 |
Abandonments: |  |  |  |  |
West | $ | 1,805 |  |  | $ | 487 |  |  | $ | 289 |
East | 91 |  |  | 154 |  |  | 143 |
Southeast | 100 |  |  | — |  |  | 663 |
Total abandonments charges | $ | 1,996 |  |  | $ | 641 |  |  | $ | 1,095 |
Total impairment and abandonment charges | $ | 1,996 |  |  | $ | 641 |  |  | $ | 2,963 |
(a) Amount represents capitalized interest and indirects balance that was impaired. Capitalized interest and indirects are maintained within our Corporate and unallocated segment.

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