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Inventory (Tables) | 3 Months Ended
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Dec. 31, 2014
Real Estate [Abstract] |
Schedule of Inventory |
(In thousands) | December 31, 2014 |  | September 30, 2014
Homes under construction | $ | 325,074 |  |  | $ | 282,095 |
Development projects in progress | 811,021 |  |  | 786,768 |
Land held for future development | 312,148 |  |  | 301,048 |
Land held for sale | 68,358 |  |  | 51,672 |
Capitalized interest | 99,868 |  |  | 87,619 |
Model homes | 61,142 |  |  | 48,294 |
Total owned inventory | $ | 1,677,611 |  |  | $ | 1,557,496 |
Schedule of Total Owned Inventory, by Segment | Total owned inventory, by reportable segment, is set forth in the table below:
(In thousands) | Projects in Progress |  | Held for Future Development |  | Land Held for Sale |  | Total Owned Inventory
December 31, 2014 |  |  |  |  |  |  |
West Segment | $ | 479,550 |  |  | $ | 272,009 |  |  | $ | 12,446 |  |  | $ | 764,005 |
East Segment | 379,191 |  |  | 29,215 |  |  | 36,958 |  |  | 445,364 |
Southeast Segment | 283,014 |  |  | 10,924 |  |  | 16,658 |  |  | 310,596 |
Unallocated and Other | 155,350 |  |  | — |  |  | 2,296 |  |  | 157,646 |
Total | $ | 1,297,105 |  |  | $ | 312,148 |  |  | $ | 68,358 |  |  | $ | 1,677,611 |
September 30, 2014 |  |  |  |  |  |  |
West Segment | $ | 462,508 |  |  | $ | 260,898 |  |  | $ | 10,026 |  |  | $ | 733,432 |
East Segment | 353,859 |  |  | 29,239 |  |  | 34,530 |  |  | 417,628 |
Southeast Segment | 264,843 |  |  | 10,911 |  |  | 4,821 |  |  | 280,575 |
Unallocated and Other | 123,566 |  |  | — |  |  | 2,295 |  |  | 125,861 |
Total | $ | 1,204,776 |  |  | $ | 301,048 |  |  | $ | 51,672 |  |  | $ | 1,557,496 |
Summary of Interests in Lot Option Agreements | The following provides a summary of our interests in lot option agreements as of December 31, 2014 and September 30, 2014:
(In thousands) | Deposits & Non-refundable Preacquisition Costs Incurred |  | Remaining Obligation |  | Land Not Owned Under Option Agreements
As of December 31, 2014 |  |  |  |  |
Consolidated VIEs | $ | 195 |  |  | $ | 1,248 |  |  | $ | 1,443 |
Unconsolidated lot option agreements | 44,538 |  |  | 379,482 |  |  | — |
Total lot option agreements | $ | 44,733 |  |  | $ | 380,730 |  |  | $ | 1,443 |
As of September 30, 2014 |  |  |  |  |
Consolidated VIEs | $ | 941 |  |  | $ | 2,916 |  |  | $ | 3,857 |
Unconsolidated lot option agreements | 42,588 |  |  | 417,618 |  |  | — |
Total lot option agreements | $ | 43,529 |  |  | $ | 420,534 |  |  | $ | 3,857 |

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