Quarterly report pursuant to Section 13 or 15(d)

Real Estate and Capitalized Interest (Details 2)

v3.3.0.814
Real Estate and Capitalized Interest (Details 2) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Summary of capitalized interest        
Capitalized interest, beginning of period $ 58,870 $ 44,355 $ 54,060 $ 32,992
Interest incurred 17,857 14,695 49,665 43,333
Interest expensed (4,187) (460) (11,962) (4,569)
Interest amortized to cost of home and land closings (11,144) (8,135) (30,367) (21,301)
Capitalized interest, end of period [1] 61,396 $ 50,455 61,396 $ 50,455
Equity Method Land Ventures [Member]        
Summary of capitalized interest        
Capitalized interest, beginning of period     490  
Capitalized interest, end of period $ 468   $ 468  
[1] Approximately $468,000 and $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 September 30, 2015 and December 31, 2014, respectively.