Land and Other Inventories (Tables)

3 Months Ended

Mar. 31, 2018

Land and Other Inventories

Land and Other Inventories

As of March 31, 2018 and December 31, 2017, land and other inventories consisted of the following (in thousands):

	March 31, 2018		December 31, 2017
Land held for future development	$	29,668	$	29,312
Land developed and in process of development		356,189		351,798
Homes completed or under construction		282,700		222,741
Total	$	668,557	$	603,851

Interest incurred, capitalized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for the three months ended March 31, 2018 and 2017 (in thousands):

	Three Months Ended
	March 31,
	2018		2017
Interest incurred	$	8,518	$	6,205
Interest capitalized		(5,127)		(5,368)
Interest expense	$	3,391	$	837