v3.25.2
Interest on Senior Notes and Revolving Line of Credit
6 Months Ended
Jun. 30, 2025
Interest on Senior Notes and Revolving Line of Credit [Abstract]  
Interest on Senior Notes and Revolving Line of Credit 11. Interest on Senior Notes and Revolving Line of Credit

Interest on our senior notes and revolving line of credit, if applicable, is capitalized to homebuilding inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the three and six months ended June 30, 2025 and 2024, we capitalized all interest costs incurred on these facilities during these periods.

Our interest costs were as follows (in thousands):

Three Months Ended June 30,

Six Months Ended June 30,

2025

2024

2025

2024

Interest capitalized beginning of period

$

89,010

$

75,172

$

84,325

$

72,598

Interest capitalized during period

19,134

16,350

36,604

30,957

Less: capitalized interest in cost of sales

(14,204)

(13,592)

(26,989)

(25,625)

Interest capitalized end of period

$

93,940

$

77,930

$

93,940

$

77,930