Quarterly report pursuant to Section 13 or 15(d)

Real Estate Inventories (Tables)

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Real Estate Inventories (Tables)
9 Months Ended
Sep. 30, 2024
Real Estate Inventories [Abstract]  
Schedule of Real Estate Inventories
Real estate inventories are summarized as follows:
September 30, 2024 December 31, 2023
(dollars in thousands)
Deposits and pre-acquisition costs $ 119,638  $ 99,702 
Land held and land under development 480,265  272,825 
Homes completed or under construction 790,142  692,126 
Model homes 18,232  57,073 
Total real estate inventories $ 1,408,277  $ 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)
September 30, 2024 1 $ 800  $ 5,828  13  %
June 30, 2023 1 $ 4,700  $ 19,363  11  %