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Owned Inventory (Tables) | 3 Months Ended
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Dec. 31, 2023
Inventory Disclosure [Abstract] |
Schedule of inventory | The components of our owned inventory are as follows as of December 31, 2023 and September 30, 2023:
in thousands | As of December 31, 2023 |  | As of September 30, 2023
Homes under construction | $ | 766,090 |  |  | $ | 644,363 |
Land under development | 940,022 |  |  | 870,740 |
Land held for future development | 19,879 |  |  | 19,879 |
Land held for sale | 17,461 |  |  | 18,579 |
Capitalized interest | 119,596 |  |  | 112,580 |
Model homes | 90,550 |  |  | 90,062 |
Total owned inventory | $ | 1,953,598 |  |  | $ | 1,756,203 |
Schedule of total owned inventory, by segment | Total owned inventory by reportable segment is presented in the table below as of December 31, 2023 and September 30, 2023:
in thousands | Projects in Progress(a) |  | Land Held for Future Development |  | Land Held for Sale |  | Total Owned Inventory
December 31, 2023 |  |  |  |  |  |  |
West | $ | 1,031,135 |  |  | $ | 3,483 |  |  | $ | 13,303 |  |  | $ | 1,047,921 |
East | 371,485 |  |  | 10,888 |  |  | 3,482 |  |  | 385,855 |
Southeast | 320,127 |  |  | 5,508 |  |  | 676 |  |  | 326,311 |
Corporate and unallocated(b) | 193,511 |  |  | — |  |  | — |  |  | 193,511 |
Total | $ | 1,916,258 |  |  | $ | 19,879 |  |  | $ | 17,461 |  |  | $ | 1,953,598 |
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 abandonment charges, by reportable segment | The following table presents, by reportable segment, our total impairment and abandonment charges for the periods presented:
| Three Months Ended December 31, |  |
in thousands | 2023 |  | 2022 |  |  |  |
Abandonments: |  |  |  |  |  |  |
West | $ | — |  |  | $ | 36 |  |  |  |  |
East | — |  |  | 154 |  |  |  |  |
Total abandonments charges | $ | — |  |  | $ | 190 |  |  |  |  |
Total impairment and abandonment charges | $ | — |  |  | $ | 190 |  |  |  |  |
Summary of interests in lot option agreements | The following table provides a summary of our interests in lot option agreements as of December 31, 2023 and September 30, 2023:
| As of December 31, 2023 |  | As of September 30, 2023 |  |
in thousands |  |  |  |  |
Deposits and non-refundable pre-acquisition costs incurred(a) | $ | 166,394 |  |  | $ | 165,371 |  |  |
Remaining purchase price if lot option agreements are exercised | $ | 924,764 |  |  | $ | 949,447 |  |  |
(a) Amount is included as a component of land under development within our owned inventory in the condensed consolidated balance sheets.

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