REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2024 |
Sep. 30, 2023 |
Sep. 30, 2024 |
Sep. 30, 2023 |
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| Summary of capitalized interest | ||||
| Capitalized interest, beginning of period | $ 54,327 | $ 61,078 | $ 54,516 | $ 60,169 |
| Interest incurred | 12,752 | 14,740 | 40,004 | 44,914 |
| Interest expensed | 0 | 0 | 0 | 0 |
| Interest amortized to cost of home and land closings | (13,348) | (17,342) | (40,789) | (46,607) |
| Capitalized interest, end of period | $ 53,731 | $ 58,476 | $ 53,731 | $ 58,476 |
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing 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://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of interest cost charged to cost of sales that had been previously capitalized to inventory. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of interest capitalized to an operative builder's inventory during the period. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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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