Note 10 - Capitalization of Interest (Tables)

3 Months Ended

Mar. 31, 2016

Notes Tables

Schedule of Capitalized Interest [Table Text Block]

	Three Months Ended March 31,
	2016			2015
	(Dollars in thousands)
Total interest incurred (1)	$	62,725		$	41,803
Less: Interest capitalized to inventories owned (1)		(61,845	)		(41,401	)
Less: Interest capitalized to investments in unconsolidated joint ventures		(880	)		(402	)
Interest expense		-			-
Interest previously capitalized to inventories owned, included in cost of home sales	$	30,203		$	22,395
Interest previously capitalized to inventories owned, included in cost of land sales	$	179		$	243
Interest previously capitalized to investments in unconsolidated joint ventures,
included in income (loss) from unconsolidated joint ventures		-			-
Interest capitalized in ending inventories owned	$	336,922		$	294,370
Interest capitalized as a percentage of inventories owned		5.3	%		8.5	%
Interest capitalized in ending investments in unconsolidated joint ventures	$	3,821		$	1,067
Interest capitalized as a percentage of investments in unconsolidated joint ventures		2.8	%		2.1	%