Note 8 - Capitalization of Interest (Tables)

9 Months Ended

Sep. 30, 2013

Home Building Interest [Abstract]

Schedule of Capitalized Interest [Table Text Block]

	Three Months Ended September 30,						Nine Months Ended September 30,
	2013			2012			2013			2012
	(Dollars in thousands)
Total interest incurred (1)	$	34,766		$	36,112		$	103,319		$	106,732
Less: Interest capitalized to inventories owned		(34,118	)		(32,604	)		(101,101	)		(95,472	)
Less: Interest capitalized to investments in unconsolidated joint ventures		(648	)		(1,839	)		(2,218	)		(5,444	)
Interest expense	$	―		$	1,669		$	―		$	5,816
Interest previously capitalized to inventories owned, included in cost of home sales	$	30,303		$	27,071		$	88,336		$	70,092
Interest previously capitalized to inventories owned, included in cost of land sales	$	19		$	7		$	533		$	26
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures	$	117		$	208		$	409		$	643
Interest capitalized in ending inventories owned (2)	$	236,334		$	221,377		$	236,334		$	221,377
Interest capitalized as a percentage of inventories owned		9.8	%		12.1	%		9.8	%		12.1	%
Interest capitalized in ending investments in unconsolidated joint ventures (2)	$	6,030		$	6,415		$	6,030		$	6,415
Interest capitalized as a percentage of investments in unconsolidated joint ventures		10.3	%		12.2	%		10.3	%		12.2	%