Inventory (Tables)

9 Months Ended

Sep. 30, 2015

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	September 30, 2015		December 31, 2014
Completed home inventory and residential lots held for sale	$	80,181	$	47,048
Work in process	213,849		203,756
Undeveloped land	6,193		16,220
Land not owned under option agreements	17,804		7,279
Total Inventory	$	318,027	$	274,303

Summary of Real Estate Inventory Capitalized Interest Costs

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

	Three Months Ended September 30,						Nine Months Ended September 30,
	2015			2014			2015			2014
Interest capitalized at beginning of period	$	9,854		$	1,082		$	3,713		$	1,065
Interest incurred	1,890			308			9,238			1,138
Interest charged to cost of sales	(1,389		)	—			(2,315		)	(105		)
Interest charged to interest expense	—			(308		)	(281		)	(1,016		)
Interest capitalized at end of period	$	10,355		$	1,082		$	10,355		$	1,082