Land and Other Inventories (Tables)

6 Months Ended

Jun. 30, 2016

Land and Other Inventories

Land and Other Inventories

Land and other inventories consist of the following (in thousands):

	June 30, 2016		December 31, 2015
Land held for future development	$	21,422	$	21,403
Land developed and in process of development		367,109		348,648
Homes completed or under construction		247,753		212,480
Total	$	636,284	$	582,531

Interest incurred, capitalized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for the three and six months ended June 30, 2016 and 2015 (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2016		2015		2016		2015
Interest incurred	$	6,537	$	6,788	$	13,390	$	13,501
Interest capitalized		(5,657)		(4,382)		(11,238)		(7,838)
Interest expense	$	880	$	2,406	$	2,152	$	5,663