REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | |
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Mar. 31, 2022 |
Mar. 31, 2021 |
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Summary of capitalized interest | ||
Capitalized interest, beginning of period | $ 56,253 | $ 58,940 |
Interest incurred | 15,213 | 16,092 |
Interest expensed | (41) | (90) |
Interest amortized to cost of home and land closings | (12,343) | (17,402) |
Capitalized interest, end of period | $ 59,082 | $ 57,540 |
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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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