Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Capitalized Interest (Details 2)

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Real Estate and Capitalized Interest (Details 2) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Summary of capitalized interest        
Capitalized interest, beginning of period $ 56,843 $ 38,701 $ 54,060 $ 32,992
Interest incurred 16,526 14,382 31,808 28,638
Interest expensed (4,621) (1,396) (7,775) (4,109)
Interest amortized to cost of home and land closings (9,878) (7,332) (19,223) (13,166)
Capitalized interest, end of period [1] 58,870 $ 44,355 58,870 $ 44,355
Equity Method Land Ventures [Member]        
Summary of capitalized interest        
Capitalized interest, beginning of period     490  
Capitalized interest, end of period $ 490   $ 490  
[1] Approximately $490,000 of the capitalized interest is related to our joint venture investments and is a component of Investments in unconsolidated entities in our consolidated balance sheet as of June 30, 2015 and December 31, 2014.