Inventory And Land Held For Sale (Tables)

6 Months Ended

Jun. 30, 2015

Inventory Disclosure [Abstract]

Components of Inventory

Major components of inventory were as follows ($000’s omitted):

	June 30, 2015		December 31, 2014
Homes under construction	$	1,375,837	$	1,084,137
Land under development	2,802,464		2,545,049
Raw land	710,259		762,914
	$	4,888,560	$	4,392,100

Capitalized interest rollforward

Information related to interest capitalized into inventory is as follows ($000’s omitted):

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2015			2014			2015			2014
Interest in inventory, beginning of period	$	166,887		$	225,619		$	167,638		$	230,922
Interest capitalized	31,296			31,455			62,099			66,768
Interest expensed	(33,799		)	(46,471		)	(65,353		)	(87,087		)
Interest in inventory, end of period	$	164,384		$	210,603		$	164,384		$	210,603

Land Held for Sale

Land held for sale was as follows ($000’s omitted):

	June 30, 2015			December 31, 2014
Land held for sale, gross	$	95,742		$	108,725
Net realizable value reserves	(7,229		)	(7,535		)
Land held for sale, net	$	88,513		$	101,190