Inventory (Tables)

3 Months Ended

Mar. 31, 2017

Inventory Disclosure [Abstract]

Components of Inventory

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

	March 31, 2017		December 31, 2016
Homes under construction	$	2,149,799	$	1,921,259
Land under development	4,181,691		4,072,109
Raw land	696,845		777,287
	$	7,028,335	$	6,770,655

Capitalized Interest Rollforward

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

	Three Months Ended
	March 31,
	2017			2016
Interest in inventory, beginning of period	$	186,097		$	149,498
Interest capitalized	44,923			35,284
Interest expensed	(27,192		)	(26,129		)
Interest in inventory, end of period	$	203,828		$	158,653

Schedule Of Company Interests In Land Option Agreements

The following provides a summary of our interests in land option agreements as of March 31, 2017 and December 31, 2016 ($000’s omitted): 

	March 31, 2017				December 31, 2016
	Deposits and Pre-acquisition Costs		Remaining Purchase Price		Deposits and Pre-acquisition Costs		Remaining Purchase Price
Land options with VIEs	$	71,558	$	842,784	$	68,527	$	849,901
Other land options	124,159		1,149,377		126,909		1,252,662
	$	195,717	$	1,992,161	$	195,436	$	2,102,563