Inventory (Tables)

9 Months Ended

Sep. 30, 2017

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	September 30, 2017		December 31, 2016
Completed home inventory and residential lots held for sale	$	96,694	$	127,679
Work in process	372,916		269,255
Undeveloped land	1,737		4,070
Land not owned under option agreements	7,022		9,293
Total Inventory	$	478,369	$	410,297

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,
	2017			2016			2017			2016
Interest capitalized at beginning of period	$	9,425		$	8,909		$	9,417		$	9,085
Interest incurred	1,177			742			2,955			2,267
Interest charged to cost of sales	(716		)	(546		)	(2,486		)	(2,247		)
Interest charged to interest expense	—			—			—			—
Interest capitalized at end of period	$	9,886		$	9,105		$	9,886		$	9,105