v3.26.3
Interest on Senior Notes and Revolving Line of Credit
9 Months Ended
Sep. 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 nine months ended September 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 September 30,

Nine Months Ended September 30,

2026

2025

2026

2025

Interest capitalized beginning of period

$

107,829

$

93,940

$

100,910

$

84,325

Interest capitalized during period

20,593

20,973

57,024

57,577

Less: capitalized interest in cost of sales

(15,873)

(15,005)

(45,385)

(41,994)

Interest capitalized end of period

$

112,549

$

99,908

$

112,549

$

99,908