Land and Other Inventories (Tables)

12 Months Ended

Dec. 31, 2017

Land and Other Inventories

Land and Other Inventories

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

	December 31,
	2017		2016
Land held for future development	$	29,312	$	29,089
Land developed and in process of development		351,798		349,891
Homes completed or under construction		222,741		205,428
Total	$	603,851	$	584,408

Interest incurred, capitalized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for December 31, 2017,  2016 and 2015 (in thousands):

	For the Years Ended December 31,
	2017		2016		2015
Interest incurred	$	32,490	$	26,145	$	28,207
Interest capitalized		(21,872)		(22,478)		(19,168)
Interest expense	$	10,618	$	3,667	$	9,039