v3.25.2
Real estate inventory and capitalized interest (Tables)
6 Months Ended
Jun. 30, 2025
Real estate inventory and capitalized interest [Abstract]  
Schedule of Real Estate Inventory
A summary of real estate inventory is as follows as of June 30, 2025 and December 31, 2024 (in thousands):
 June 30,
2025
December 31,
2024
Lots held for construction$81,370 $73,352 
Homes under construction, completed homes and model homes239,478 204,482 
Total real estate inventory$320,848 $277,834 
Schedule of Capitalized Interest
A summary of capitalized interest is as follows (in thousands):
 Three months ended June 30,Six months ended June 30,
 2025202420252024
Capitalized interest, beginning of period$325 $858 $253 $1,338 
Interest incurred1,645 893 2,539 1,832 
Interest expensed(772)(591)(1,438)(1,289)
Interest charged to cost of home closings(365)(333)(521)(1,054)
Capitalized interest, end of period$833 $827 $833 $827