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, 2023
Dec. 31, 2022
Real Estate Properties    
Homes under contract under construction [1] $ 1,021,522 $ 822,428
Unsold homes completed and under construction [1] 896,093 1,155,543
Model homes [1] 107,291 97,198
Finished home sites and home sites under development [2] 2,330,272 2,283,094
Real estate 4,355,178 4,358,263
Land held for sale $ 29,000 [3] $ 66,800
[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.
[3] Includes land held for sale of $29.0 million and $66.8 million as of March 31, 2023 and December 31, 2022, respectively