v3.26.1
Interest on Senior Notes and Revolving Line of Credit
6 Months Ended
Jun. 30, 2026
Interest on Senior Notes and Revolving Line of Credit [Abstract]  
Interest on Senior Notes and Revolving Line of Credit 10. 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, 2026 and 2025, 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,

2026

2025

2026

2025

Interest capitalized beginning of period

$

104,959

$

89,010

$

100,910

$

84,325

Interest capitalized during period

19,212

19,134

36,431

36,604

Less: capitalized interest in cost of sales

(16,342)

(14,204)

(29,512)

(26,989)

Interest capitalized end of period

$

107,829

$

93,940

$

107,829

$

93,940