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, 2013
Mar. 31, 2012
Summary of capitalized interest    
Capitalized interest, beginning of period $ 21,600 $ 14,810
Interest incurred 12,726 10,847
Interest expense (5,128) (7,371)
Interest amortized to cost of home, land closings and impairments (5,000) (2,378)
Capitalized interest, end of period $ 24,198 [1] $ 15,908 [1]
[1] Approximately $537,000 and $539,000 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, 2013 and December 31, 2012, respectively.