Inventory (Tables)

3 Months Ended

Mar. 31, 2016

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	March 31, 2016		December 31, 2015
Completed home inventory and residential lots held for sale	$	112,567	$	85,342
Work in process	242,428		236,383
Undeveloped land	5,873		6,193
Land not owned under option agreements	15,182		16,214
Total Inventory	$	376,050	$	344,132

Summary of Real Estate Inventory Capitalized Interest Costs

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

	Three Months Ended March 31,
	2016			2015
Interest capitalized at beginning of period	$	9,085		$	3,713
Interest incurred	708			3,800
Interest charged to cost of sales	(1,002		)	(14		)
Interest charged to interest expense	—			(281		)
Interest capitalized at end of period	$	8,791		$	7,218