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Inventory (Tables) | 3 Months Ended
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Dec. 31, 2019
Inventory Disclosure [Abstract] |
Schedule of inventory | The components of our owned inventory are as follows as of December 31, 2019 and September 30, 2019:
in thousands | December 31, 2019 |  | September 30, 2019
Homes under construction | $ | 580,580 |  |  | $ | 507,542 |
Development projects in progress | 732,380 |  |  | 738,201 |
Land held for future development | 28,531 |  |  | 28,531 |
Land held for sale | 11,443 |  |  | 12,662 |
Capitalized interest | 137,010 |  |  | 136,565 |
Model homes | 84,336 |  |  | 80,747 |
Total owned inventory | $ | 1,574,280 |  |  | $ | 1,504,248 |
Schedule of total owned inventory, by segment | Total owned inventory by reportable segment is presented in the table below as of December 31, 2019 and September 30, 2019:
in thousands | Projects in Progress (a) |  | Land Held for Future Development |  | Land Held for Sale |  | Total Owned Inventory
December 31, 2019 |  |  |  |  |  |  |
West Segment | $ | 733,525 |  |  | $ | 3,483 |  |  | $ | 4,235 |  |  | $ | 741,243 |
East Segment | 270,930 |  |  | 14,077 |  |  | 3,810 |  |  | 288,817 |
Southeast Segment | 333,623 |  |  | 10,971 |  |  | 3,398 |  |  | 347,992 |
Corporate and unallocated (b) | 196,228 |  |  | — |  |  | — |  |  | 196,228 |
Total | $ | 1,534,306 |  |  | $ | 28,531 |  |  | $ | 11,443 |  |  | $ | 1,574,280 |
September 30, 2019 |  |  |  |  |  |  |
West Segment | $ | 723,094 |  |  | $ | 3,483 |  |  | $ | 5,160 |  |  | $ | 731,737 |
East Segment | 228,937 |  |  | 14,077 |  |  | 4,104 |  |  | 247,118 |
Southeast Segment | 318,737 |  |  | 10,971 |  |  | 3,398 |  |  | 333,106 |
Corporate and unallocated (b) | 192,287 |  |  | — |  |  | — |  |  | 192,287 |
Total | $ | 1,463,055 |  |  | $ | 28,531 |  |  | $ | 12,662 |  |  | $ | 1,504,248 |
(a) Projects in progress include homes under construction, development projects in progress, capitalized interest, and model home categories from the preceding table. (b) Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment.
Summary of interests in lot option agreements | The following table provides a summary of our interests in lot option agreements as of December 31, 2019 and September 30, 2019:
in thousands | Deposits & Non-refundable Pre-acquisition Costs Incurred |  | Remaining Obligation
As of December 31, 2019 |  |  |
Unconsolidated lot option agreements | $ | 74,836 |  |  | $ | 386,762 |
As of September 30, 2019 |  |  |
Unconsolidated lot option agreements | $ | 78,202 |  |  | $ | 389,705 |

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