Land and Other Inventories (Tables)

3 Months Ended

Mar. 31, 2015

Land and Other Inventories [Abstract]

Land and Other Inventories

Land and Other Inventories consist of the following (in thousands):

	March 31, 2015		December 31, 2014
Land held for future development	$	21,393	$	20,844
Land developed and in process of development	282,949		269,764
Homes completed or under construction	122,092		92,576
	$	426,434	$	383,184

Interest incurred, capitialized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for the three months ended March 31, 2015 and 2014 (in thousands):

	Three Months
	2015			2014
Interest incurred	$	6,713		$	2,331
Interest capitalized	(3,456		)	(2,217		)
Interest expense	$	3,257		$	114