Inventory (Tables)

6 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	June 30, 2016		December 31, 2015
Completed home inventory and residential lots held for sale	$	115,492	$	85,342
Work in process	247,641		236,383
Undeveloped land	5,874		6,193
Land not owned under option agreements	12,951		16,214
Total Inventory	$	381,958	$	344,132

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,
	2016			2015			2016			2015
Interest capitalized at beginning of period	$	8,791		$	7,218		$	9,085		$	3,713
Interest incurred	817			3,548			1,525			7,348
Interest charged to cost of sales	(699		)	(912		)	(1,701		)	(926		)
Interest charged to interest expense	—			—			—			(281		)
Interest capitalized at end of period	$	8,909		$	9,854		$	8,909		$	9,854