Land and Other Inventories (Tables)

9 Months Ended

Sep. 30, 2015

Land and Other Inventories [Abstract]

Land and Other Inventories

Land and other inventories consist of the following (in thousands):

	September 30, 2015		December 31, 2014
Land held for future development	$	21,392	$	20,844
Land developed and in process of development	350,712		269,764
Homes completed or under construction	247,777		92,576
	$	619,881	$	383,184

Interest incurred, capitialized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for the three and nine months ended September 30, 2015 and 2014 (in thousands):

	Three Months						Nine Months
	2015			2014			2015			2014
Interest incurred	$	7,501		$	6,716		$	21,002		$	11,403
Interest capitalized	(5,661		)	(3,875		)	(13,499		)	(8,451		)
Interest expense	$	1,840		$	2,841		$	7,503		$	2,952