Annual report pursuant to Section 13 and 15(d)

Real Estate and Capitalized Interest (Details 3)

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Real Estate and Capitalized Interest (Details 3) (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Summary of capitalized interest      
Capitalized interest, beginning of year $ 21,600 [1] $ 14,810 [1] $ 11,679
Interest incurred 51,152 46,135 43,393
Interest expense (15,092) (24,244) (30,399)
Interest amortized to cost of home and land closings (24,668) (15,101) (9,863)
Capitalized interest, end of year (1) $ 32,992 [1] $ 21,600 [1] $ 14,810 [1]
[1] Approximately $511,000, $539,000, and $750,000 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 December 31, 2013, 2012 and 2011 respectively.