Inventory (Tables)

3 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	March 31, 2017		December 31, 2016
Completed home inventory and residential lots held for sale	$	125,551	$	127,679
Work in process	270,474		269,255
Undeveloped land	1,738		4,070
Land not owned under option agreements	8,436		9,293
Total Inventory	$	406,199	$	410,297

Summary of Real Estate Inventory Capitalized Interest Costs

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

	Three Months Ended March 31,
	2017			2016
Interest capitalized at beginning of period	$	9,417		$	9,085
Interest incurred	893			708
Interest charged to cost of sales	(875		)	(1,002		)
Interest charged to interest expense	—			—
Interest capitalized at end of period	$	9,435		$	8,791