Land and Other Inventories (Tables)

9 Months Ended

Sep. 30, 2017

Land and Other Inventories

Land and Other Inventories

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

	September 30, 2017		December 31, 2016
Land held for future development	$	29,201	$	29,089
Land developed and in process of development		355,068		349,891
Homes completed or under construction		295,626		205,428
Total	$	679,895	$	584,408

Interest incurred, capitalized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for the three and nine months ended September 30, 2017 and 2016 (in thousands):

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2017		2016		2017		2016
Interest incurred	$	8,523	$	6,483	$	24,046	$	19,873
Interest capitalized		(5,898)		(5,782)		(16,899)		(17,020)
Interest expense	$	2,625	$	701	$	7,147	$	2,853