REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2024 |
Jun. 30, 2023 |
Jun. 30, 2024 |
Jun. 30, 2023 |
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| Summary of capitalized interest | ||||
| Capitalized interest, beginning of period | $ 54,227 | $ 62,452 | $ 54,516 | $ 60,169 |
| Interest incurred | 14,327 | 15,144 | 27,252 | 30,174 |
| Interest expensed | 0 | 0 | 0 | 0 |
| Interest amortized to cost of home and land closings | (14,227) | (16,518) | (27,441) | (29,265) |
| Capitalized interest, end of period | $ 54,327 | $ 61,078 | $ 54,327 | $ 61,078 |
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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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