Annual report pursuant to Section 13 and 15(d)

REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details)

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REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Summary of capitalized interest      
Capitalized interest, beginning of year $ 56,253 [1] $ 58,940 [1] $ 82,014
Interest incurred 60,599 62,836 66,289
Interest expensed (41) (318) (2,177)
Interest amortized to cost of home and land closings (56,642) (65,205) (87,186)
Capitalized interest, end of year [1] $ 60,169 $ 56,253 $ 58,940
[1] Approximately $208,000, $208,000 and $217,000 of the capitalized interest is related to our joint venture investments and is a component of Investments in unconsolidated entities in our consolidated balance sheets as of December 31, 2022, 2021 and 2020, respectively.