Quarterly report pursuant to Section 13 or 15(d)

REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details)

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REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Summary of capitalized interest        
Capitalized interest, beginning of period $ 81,828 $ 70,885 $ 78,564 $ 68,196
Interest incurred 21,374 19,280 42,243 37,175
Interest expensed (44) (1,620) (180) (2,445)
Interest amortized to cost of home and land closings (18,715) (16,218) (36,184) (30,599)
Capitalized interest, end of period $ 84,443 $ 72,327 $ 84,443 $ 72,327