Inventory (Tables)

6 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

A summary of inventory is as follows (in thousands):

	June 30, 2015		December 31, 2014
Completed home inventory and residential lots held for sale	$	64,820	$	47,048
Work in process	214,058		203,756
Undeveloped land	16,220		16,220
Land not owned under option agreements	5,874		7,279
Total Inventory	$	300,972	$	274,303

Summary of Real Estate Inventory Capitalized Interest Costs

Interest costs incurred, capitalized and expensed were as follows (in thousands):

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
Interest capitalized at beginning of period	$	7,218		$	1,065		$	3,713		$	1,065
Interest incurred	3,548			526			7,348			830
Interest charged to cost of sales	(912		)	—			(926		)	(105		)
Interest charged to interest expense	—			(509		)	(281		)	(708		)
Interest capitalized at end of period	$	9,854		$	1,082		$	9,854		$	1,082