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 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Summary of capitalized interest        
Capitalized interest, beginning of period $ 38,701 $ 24,198 $ 32,992 $ 21,600
Interest incurred 14,382 12,642 28,638 25,368
Interest expense (1,396) (4,523) (4,109) (9,651)
Interest amortized to cost of home, land closings and impairments (7,332) (6,023) (13,166) (11,023)
Capitalized interest, end of period $ 44,355 [1] $ 26,294 [1] $ 44,355 [1] $ 26,294 [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 June 30, 2014 and December 31, 2013.