Quarterly report pursuant to Section 13 or 15(d)

Real Estate Inventories (Tables)

v3.24.2.u1
Real Estate Inventories (Tables)
6 Months Ended
Jun. 30, 2024
Real Estate Inventories [Abstract]  
Schedule of Real Estate Inventories
Real estate inventories are summarized as follows:
June 30, 2024 December 31, 2023
(dollars in thousands)
Deposits and pre-acquisition costs $ 124,883  $ 99,702 
Land held and land under development 505,631  272,825 
Homes completed or under construction 701,819  692,126 
Model homes 17,832  57,073 
Total real estate inventories $ 1,350,165  $ 1,121,726 
Schedule Of Fair Value Of Impaired Inventory Real estate inventories impairment charges are recorded to cost of home sales in the consolidated statements of operations.
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  %