Capitalized Interest |
3 Months Ended |
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Mar. 31, 2023 | |
| Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract] | |
| Capitalized Interest | Capitalized Interest Interest is capitalized to real estate inventories during development and as a result of other qualifying activities. Interest capitalized as a cost of real estate inventories is included in cost of sales as related inventories are delivered.
For the three months ended March 31, 2023 and 2022, the Company incurred and capitalized interest of $11.9 million and $7.3 million, respectively. Previously capitalized interest included in cost of sales during the three months ended March 31, 2023 and 2022 was $4.6 million and $6.4 million, respectively. These amounts included interest from certain related party transactions, refer to Note 9 – Related Party Transactions for additional information.
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- Definition Capitalized Interest No definition available.
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- References No definition available.
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