Interest (Tables)

9 Months Ended

Jun. 30, 2026

Schedule of Real Estate Inventory, Capitalized Interest Costs

The following table presents certain information regarding interest for the periods presented:


	Three Months Ended June 30,				Nine Months Ended June 30,
in thousands	2026		2025		2026		2025
Capitalized interest in inventory, beginning of period	$	147,786	$	134,292	$	131,845	$	124,182
Interest incurred	25,458		22,441		67,214		64,219
Capitalized interest impaired	(192)		(1,096)		(293)		(1,096)

Capitalized interest amortized to home construction and land sales expenses(a)	(16,498)		(17,878)		(42,212)		(49,546)
Capitalized interest in inventory, end of period	$	156,554	$	137,759	$	156,554	$	137,759

(a) Capitalized interest amortized to home construction and land sales expenses varies based on the number of homes closed during the period and land sales, if any, as well as other factors.