Inventory and Capitalized Interest Inventory (Tables)

9 Months Ended

Sep. 30, 2015

Inventory [Abstract]

Schedule of Inventory, Current [Table Text Block]

A summary of the Company’s inventory as of September 30, 2015 and December 31, 2014 is as follows:

(In thousands)	September 30, 2015		December 31, 2014
Single-family lots, land and land development costs	$	539,517	$	463,198
Land held for sale	5,803		10,647
Homes under construction	488,041		371,119
Model homes and furnishings - at cost (less accumulated depreciation: September 30, 2015 - $8,052;    December 31, 2014 - $7,010)	65,482		46,780
Community development district infrastructure	1,159		2,571
Land purchase deposits	21,994		23,495
Consolidated inventory not owned	11,418		779
Total inventory	$	1,133,414	$	918,589

Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Table Text Block]

 The summary of capitalized interest for the three and nine months ended September 30, 2015 and 2014 is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
(In thousands)	2015			2014			2015			2014
Capitalized interest, beginning of period	$	16,437		$	14,831		$	15,296		$	13,802
Interest capitalized to inventory	5,006			5,161			13,466			13,141
Capitalized interest charged to land and housing costs and expenses	(4,318		)	(4,281		)	(11,637		)	(11,232		)
Capitalized interest, end of period	$	17,125		$	15,711		$	17,125		$	15,711
Interest incurred	$	8,664		$	7,810		$	25,336		$	22,690