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Capitalized Interest
 9 Months Ended
Sep. 30, 2013
Capitalized Interest [Abstract]  
capitalized interest [Text Block]
Capitalized Interest

The Company capitalizes interest during land development and home construction.  Capitalized interest is charged to cost of sales as the related inventory is delivered to a third party.  The summary of capitalized interest for the three and nine months ended September 30, 2013 and 2012 is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2013
 
2012
 
2013
 
2012
Capitalized interest, beginning of period
$
14,260

 
$
17,967

 
$
15,376

 
$
18,869

Interest capitalized to inventory
3,940

 
2,574

 
10,045

 
7,128

Capitalized interest charged to cost of sales
(4,074
)
 
(3,755
)
 
(11,295
)
 
(9,211
)
Capitalized interest, end of period
$
14,126

 
$
16,786

 
$
14,126

 
$
16,786

 
 
 
 
 
 
 
 
Interest incurred
$
7,389

 
$
6,573

 
$
22,231

 
$
19,194