Inventory (Tables)

3 Months Ended

Mar. 31, 2018

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	March 31, 2018		December 31, 2017
Completed home inventory and residential lots held for sale	$	117,889	$	106,043
Work in process and land under development	410,610		389,612
Total inventory	$	528,499	$	495,655

Summary of Real Estate Inventory Capitalized Interest Costs

A summary of interest costs incurred, capitalized and expensed is as follows (in thousands):

	Three Months Ended March 31,
	2018			2017
Interest capitalized at beginning of period	$	10,474		$	9,417
Interest incurred	1,628			893
Interest charged to cost of sales	(881		)	(875		)
Interest capitalized at end of period	$	11,221		$	9,435