REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2022 |
Sep. 30, 2021 |
Sep. 30, 2022 |
Sep. 30, 2021 |
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| Summary of capitalized interest | ||||
| Capitalized interest, beginning of period | $ 61,459 | $ 56,710 | $ 56,253 | $ 58,940 |
| Interest incurred | 15,179 | 15,212 | 45,563 | 47,625 |
| Interest expensed | 0 | (79) | (41) | (246) |
| Interest amortized to cost of home and land closings | (14,548) | (14,550) | (39,685) | (49,026) |
| Capitalized interest, end of period | $ 62,090 | $ 57,293 | $ 62,090 | $ 57,293 |
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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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