Annual report pursuant to Section 13 and 15(d)

Real Estate Inventories (Tables)

v3.24.0.1
Real Estate Inventories (Tables)
12 Months Ended
Dec. 31, 2023
Real Estate Inventories [Abstract]  
Schedule of Real Estate Inventories
Real estate inventories are summarized as follows:
December 31,
2023 2022
(dollars in thousands)
Deposits and pre-acquisition costs $ 99,702  $ 101,395 
Land held and land under development 272,825  191,047 
Homes completed or under construction 692,126  779,352 
Model homes 57,073  21,575 
Total real estate inventories $ 1,121,726  $ 1,093,369 
Schedule Of Fair Value Of Impaired Inventory
The table below provides quantitative data for Level 3 inputs used in determining the fair value of the impaired inventory. The table presents the quarter during the year ended December 31, 2023 in which the impairment occurred.
Impairment Data Quantitative Data
Three Months Ended Number of Projects Impaired Real Estate Inventories Impairment Fair Value of Inventory After Impairment Discount Rate
(dollars in thousands)
June 30, 2023 1 $ 4,700  $ 19,363  11  %