Land and Other Inventories (Tables)

3 Months Ended

Mar. 31, 2017

As of March 31, 2017 and December 31, 2016, land and other inventories consisted of the following (in thousands):


	March 31, 2017		December 31, 2016
Land held for future development	$	29,347	$	29,089
Land developed and in process of development		333,206		349,891
Homes completed or under construction		236,616		205,428
Total	$	599,169	$	584,408

Interest incurred, capitalized and expensed

The following table represents interest incurred, interest capitalized, and interest expense for the three months ended March 31, 2017 and 2016 (in thousands):


	Three Months Ended
	March 31,
	2017		2016
Interest incurred	$	6,205	$	6,853
Interest capitalized		(5,368)		(5,581)
Interest expense	$	837	$	1,272