REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2021 |
Jun. 30, 2020 |
Jun. 30, 2021 |
Jun. 30, 2020 |
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| Summary of capitalized interest | ||||
| Capitalized interest, beginning of period | $ 57,540 | $ 78,162 | $ 58,940 | $ 82,014 |
| Interest incurred | 16,321 | 17,550 | 32,413 | 34,085 |
| Interest expensed | (77) | (2,105) | (167) | (2,121) |
| Interest amortized to cost of home and land closings | (17,074) | (20,725) | (34,476) | (41,096) |
| Capitalized interest, end of period | $ 56,710 | $ 72,882 | $ 56,710 | $ 72,882 |
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest cost charged to cost of sales that had been previously capitalized to inventory. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of interest capitalized to an operative builder's inventory during the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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