REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2017 |
Sep. 30, 2016 |
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| Summary of capitalized interest | ||||
| Capitalized interest, beginning of period | $ 72,327 | $ 64,682 | $ 68,196 | $ 61,202 |
| Interest incurred | 21,024 | 17,372 | 58,199 | 52,644 |
| Interest expensed | (1,116) | (167) | (3,561) | (5,127) |
| Interest amortized to cost of home and land closings | (15,462) | (14,256) | (46,061) | (41,088) |
| Capitalized interest, end of period | $ 76,773 | $ 67,631 | $ 76,773 | $ 67,631 |
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- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition Amount of interest cost charged to cost of sales that had been previously capitalized to inventory. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition The amount of interest capitalized to an operative builder's inventory during the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition A roll forward is a reconciliation of a concept from the beginning of a period to the end of a period. No definition available.
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