Land and Other Inventories (Tables)

6 Months Ended

Jun. 30, 2017

Land and Other Inventories

Land and Other Inventories

As of June 30, 2017 and December 31, 2016, land and other inventories consisted of the following (in thousands):

	June 30, 2017		December 31, 2016
Land held for future development	$	29,200	$	29,089
Land developed and in process of development		346,893		349,891
Homes completed or under construction		293,952		205,428
Total	$	670,045	$	584,408

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, 2017 and 2016 (in thousands):

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2017		2016		2017		2016
Interest incurred	$	9,318	$	6,537	$	15,523	$	13,390
Interest capitalized		(5,633)		(5,657)		(11,001)		(11,238)
Interest expense	$	3,685	$	880	$	4,522	$	2,152