Inventory (Tables)

6 Months Ended

Jun. 30, 2018

Inventory Disclosure [Abstract]

Schedule of Real Estate Inventory

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

	June 30, 2018		December 31, 2017
Completed home inventory and residential lots held for sale	$	144,935	$	106,043
Work in process and land under development	436,433		390,011
Total inventory	$	581,368	$	496,054

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 June 30,						Six Months Ended June 30,
	2018			2017			2018			2017
Interest capitalized at beginning of period	$	11,221		$	9,435		$	10,474		$	9,417
Interest incurred	2,006			885			3,634			1,778
Interest charged to cost of sales	(1,084		)	(895		)	(1,965		)	(1,770		)
Interest capitalized at end of period	$	12,143		$	9,425		$	12,143		$	9,425