Capitalized Interest

3 Months Ended

Mar. 31, 2014

Capitalized Interest [Abstract]

capitalized interest [Text Block]

Capitalized Interest

The Company capitalizes interest during land development and home construction.  Capitalized interest is charged to land and housing costs and expenses as the related inventory is delivered to a third party.  The summary of capitalized interest for the three months ended March 31, 2014 and 2013 is as follows:

	Three Months Ended March 31,
(In thousands)	2014			2013
Capitalized interest, beginning of period	$	13,802		$	15,376
Interest capitalized to inventory	3,250			2,777
Capitalized interest charged to land and housing costs and expenses	(3,108		)	(3,528		)
Capitalized interest, end of period	$	13,944		$	14,625
Interest incurred	$	7,420		$	7,117