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 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Summary of capitalized interest        
Capitalized interest, beginning of period $ 44,355 $ 26,294 $ 32,992 $ 21,600
Interest incurred 14,695 12,508 43,333 37,876
Interest expense (460) (3,462) (4,569) (13,113)
Interest amortized to cost of home and land closings (8,135) (6,342) (21,301) (17,365)
Capitalized interest, end of period $ 50,455 [1] $ 28,998 [1] $ 50,455 [1] $ 28,998 [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 September 30, 2014 and December 31, 2013.