Landsea Homes Corporation Annual report pursuant to Section 13 and 15(d)

Capitalized Interest	12 Months Ended
Capitalized Interest	Dec. 31, 2022
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Capitalized Interest	Capitalized Interest Interest is capitalized to real estate inventories and investment in unconsolidated joint ventures during development and other qualifying activities. Interest capitalized as a cost of real estate inventories is included in cost of sales as related inventories are delivered. Interest capitalized to investments in unconsolidated joint ventures is relieved to equity in net income (loss) of unconsolidated joint ventures as related joint venture homes close. For the years ended December 31, 2022, 2021, and 2020, the Company incurred and capitalized interest of $35.6 million, $27.2 million, and $31.5 million, respectively. These amounts included related party interest incurred and capitalized of $1.0 million, $0.5 million, and $10.1 million, respectively. Previously capitalized interest included in cost of sales or equity in net income (loss) of unconsolidated joint ventures during the years ended December 31, 2022, 2021, and 2020 was $40.5 million, $34.8 million, and $39.1 million, respectively. These amounts included related party interest of $5.2 million, 12.9 million, and $15.3 million, respectively.