Quarterly report pursuant to Section 13 or 15(d)

Real Estate Inventories (Tables)

v3.23.2
Real Estate Inventories (Tables)
6 Months Ended
Jun. 30, 2023
Real Estate Inventories [Abstract]  
Schedule of Real Estate Inventories
Real estate inventories are summarized as follows:
June 30, 2023 December 31, 2022
(dollars in thousands)
Deposits and pre-acquisition costs $ 102,726  $ 101,395 
Land held and land under development 313,375  191,047 
Homes completed or under construction 667,060  779,352 
Model homes 41,948  21,575 
Total real estate inventories $ 1,125,109  $ 1,093,369 
Schedule of Fair Value of Impaired Inventory
The table below provides quantitative data for Level 3 inputs, for the periods presented, where applicable, used in determining the fair value of the impaired inventory.
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  %
Total $ 4,700