Inventory (Tables)

9 Months Ended

Sep. 30, 2016

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	September 30, 2016		December 31, 2015
Completed home inventory and residential lots held for sale	$	109,004	$	85,342
Work in process	292,045		236,383
Undeveloped land	3,481		6,193
Land not owned under option agreements	10,712		16,214
Total Inventory	$	415,242	$	344,132

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,
	2016			2015			2016			2015
Interest capitalized at beginning of period	$	8,909		$	9,854		$	9,085		$	3,713
Interest incurred	742			1,890			2,267			9,238
Interest charged to cost of sales	(546		)	(1,389		)	(2,247		)	(2,315		)
Interest charged to interest expense	—			—			—			(281		)
Interest capitalized at end of period	$	9,105		$	10,355		$	9,105		$	10,355