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Capitalized Interest
 6 Months Ended
Jun. 30, 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 and six months ended June 30, 2014 and 2013 is as follows:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Capitalized interest, beginning of period
$
13,944

 
$
14,625

 
$
13,802

 
$
15,376

Interest capitalized to inventory
4,730

 
3,328

 
7,980

 
6,105

Capitalized interest charged to land and housing costs and expenses
(3,843
)
 
(3,693
)
 
(6,951
)
 
(7,221
)
Capitalized interest, end of period
$
14,831

 
$
14,260

 
$
14,831

 
$
14,260

 
 
 
 
 
 
 
 
Interest incurred
$
7,460

 
$
7,725

 
$
14,880

 
$
14,842