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v3.25.1

Interest | 6 Months Ended
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Mar. 31, 2025
Real Estate [Abstract] |
Interest | Interest Interest capitalized during the three and six months ended March 31, 2025 and 2024 was based upon the balance of inventory eligible for capitalization. The following table presents certain information regarding interest for the periods presented:
| Three Months Ended March 31, |  | Six Months Ended March 31,
in thousands | 2025 |  | 2024 |  | 2025 |  | 2024
Capitalized interest in inventory, beginning of period | $ | 130,433 |  |  | $ | 119,596 |  |  | $ | 124,182 |  |  | $ | 112,580 |
Interest incurred | 21,617 |  |  | 19,689 |  |  | 41,778 |  |  | 37,895 |
Capitalized interest amortized to home construction and land sales expenses(a) | (17,758) |  |  | (16,071) |  |  | (31,668) |  |  | (27,261) |
Capitalized interest in inventory, end of period | $ | 134,292 |  |  | $ | 123,214 |  |  | $ | 134,292 |  |  | $ | 123,214 |
(a) Capitalized interest amortized to home construction and land sales expenses varies based on the number of homes closed during the period and land sales, if any, as well as other factors.

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