Inventory And Land Held For Sale (Tables)

9 Months Ended

Sep. 30, 2015

Inventory Disclosure [Abstract]

Components of Inventory

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

	September 30, 2015		December 31, 2014
Homes under construction	$	1,605,529	$	1,084,137
Land under development	2,871,263		2,545,049
Raw land	764,140		762,914
	$	5,240,932	$	4,392,100

Capitalized interest rollforward

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

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2015			2014			2015			2014
Interest in inventory, beginning of period	$	164,384		$	210,603		$	167,638		$	230,922
Interest capitalized	28,006			32,025			90,105			98,793
Interest expensed	(36,609		)	(52,286		)	(101,962		)	(139,373		)
Interest in inventory, end of period	$	155,781		$	190,342		$	155,781		$	190,342

Land Held for Sale

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

	September 30, 2015			December 31, 2014
Land held for sale, gross	$	92,040		$	108,725
Net realizable value reserves	(6,910		)	(7,535		)
Land held for sale, net	$	85,130		$	101,190