Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE AND CAPITALIZED INTEREST - Schedule of Real Estate (Details)

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REAL ESTATE AND CAPITALIZED INTEREST - Schedule of Real Estate (Details) - USD ($)
$ in Thousands
Mar. 31, 2024
Dec. 31, 2023
Real Estate Properties    
Homes under contract under construction [1] $ 858,943 $ 704,206
Unsold homes completed and under construction [1] 1,304,633 1,260,855
Model homes [1] 118,958 118,252
Finished home sites and home sites under development [2] 2,631,978 2,637,978
Real estate $ 4,914,512 $ 4,721,291
[1] Includes the allocated land and land development costs associated with each lot for these homes.
[2] Includes raw land, land held for development and land held for sale, less impairments, if any. We do not capitalize interest for inactive assets, and all ongoing costs of land ownership (i.e. property taxes, homeowner association dues, etc.) are expensed as incurred.