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Inventory And Land Held For Sale (Tables)
 12 Months Ended
Dec. 31, 2012
Inventory Disclosure [Abstract]  
Fair Value, Measurement Inputs, Disclosure [Text Block]
The table below summarizes certain quantitative unobservable inputs utilized in determining the fair value of impaired communities during 2012:
Unobservable input
Range
Average selling price ($000s)
$139
-
$626
Sales pace per quarter (units)
1
-
9
Discount rate
12%
-
16%
Components of Inventory
Major components of inventory at December 31, 2012 and 2011 were ($000’s omitted): 
 
2012
 
2011
Homes under construction
$
1,116,184

 
$
1,210,717

Land under development
2,435,378

 
2,610,501

Raw land
662,484

 
815,250

 
$
4,214,046

 
$
4,636,468
Capitalized interest rollforward
Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
 
Years Ended December 31,
 
2012
 
2011
 
2010
Interest in inventory, beginning of period
$
355,068

 
$
323,379

 
$
239,365

Interest capitalized
201,103

 
221,071

 
264,932

Interest expensed (a)
(224,291
)
 
(189,382
)
 
(180,918
)
Interest in inventory, end of period
$
331,880

 
$
355,068

 
$
323,379

Interest incurred (b)
$
201,103

 
$
221,071

 
$
266,474


(a)
Interest expensed to Homebuilding cost of revenues for 2012, 2011, and 2010 included $6.5 million, $5.4 million, and $27.6 million, respectively, of capitalized interest related to inventory impairments.
(b)
Homebuilding interest incurred includes interest on senior debt and certain other financing arrangements.
Summary of Land Impairments
The table below provides, as of the date indicated, the number of communities for which we recognized impairment charges, the fair value of those communities at such date (net of impairment charges), and the amount of impairment charges recognized ($000’s omitted):
 
2012
 
2011
Quarter Ended
Number of
Communities
Impaired
 
Fair Value of
Communities
Impaired, Net
of Impairment
Charges
 
Impairment
Charges
 
Number of
Communities
Impaired
 
Fair Value of
Communities
Impaired, Net
of Impairment
Charges
 
Impairment
Charges
March 31
4

 
$
7,468

 
$
4,514

 
1

 
$
483

 
$
103

June 30
4

 
16,311

 
2,796

 
6

 
6,665

 
3,300

September 30
4

 
6,172

 
2,263

 
3

 
6,416

 
1,494

December 31
5

 
11,243

 
3,864

 
25

 
23,766

 
11,043

 
 
 
 
 
$
13,437

 
 
 
 
 
$
15,940
Land Held for Sale
Land held for sale at December 31, 2012 and 2011 was as follows ($000’s omitted):
 
 
2012
 
2011
Land held for sale, gross
$
135,201

 
$
190,099

Net realizable value reserves
(44,097
)
 
(54,792
)
Land held for sale, net
$
91,104

 
$
135,307