Quarterly report pursuant to Section 13 or 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
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Summary of capitalized interest    
Capitalized interest, beginning of period $ 32,992 $ 21,600
Interest incurred 14,256 12,726
Interest expense (2,713) (5,128)
Interest amortized to cost of home, land closings and impairments (5,834) (5,000)
Capitalized interest, end of period $ 38,701 [1] $ 24,198 [1]
[1] Approximately $511,000 of the capitalized interest is related to our joint venture investments and is a component of “Investments in unconsolidated entities” on our consolidated balance sheets as of March 31, 2014 and December 31, 2013.