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Real Estate and Capitalized Interest (Details 2) - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended
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Sep. 30, 2015 | Sep. 30, 2014 | Sep. 30, 2015 | Sep. 30, 2014
Summary of capitalized interest |  |  |  |  |
Capitalized interest, beginning of period |  | $ 58,870 | $ 44,355 | $ 54,060 | $ 32,992
Interest incurred |  | 17,857 | 14,695 | 49,665 | 43,333
Interest expensed |  | (4,187) | (460) | (11,962) | (4,569)
Interest amortized to cost of home and land closings |  | (11,144) | (8,135) | (30,367) | (21,301)
Capitalized interest, end of period | [1] | 61,396 | $ 50,455 | 61,396 | $ 50,455
Equity Method Land Ventures [Member] |  |  |  |  |
Summary of capitalized interest |  |  |  |  |
Capitalized interest, beginning of period |  |  |  | 490 |
Capitalized interest, end of period |  | $ 468 |  | $ 468 |
[1] | Approximately $468,000 and $490,000 of the capitalized interest is related to our joint venture investments and is a component of Investments in unconsolidated entities in our consolidated balance sheet as of September 30, 2015 and December 31, 2014, respectively.

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- Definition Amount of the cost of borrowed funds accounted for as interest expense. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 225 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-04.9) -URI http://asc.fasb.org/extlink&oid=6879574&loc=d3e536633-122882 + Details
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- Definition Carrying amount as of the balance sheet date of interest costs that were capitalized to properties under development during the land development and construction period of a project, and which are included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
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- Definition The amount of interest costs that had been capitalized to inventory which were charged to cost of sales during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
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- Definition The amount of interest capitalized to an operative builder's inventory during the period. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6450988&loc=d3e26243-108391 + Details
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