v3.8.0.1

Land and Other Inventories (Tables) | 9 Months Ended
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Sep. 30, 2017
Land and Other Inventories |
Land and Other Inventories | As of September 30, 2017 and December 31, 2016, land and other inventories consisted of the following (in thousands):
|  | September 30, 2017 |  | December 31, 2016 |
Land held for future development |  | $ | 29,201 |  | $ | 29,089 |
Land developed and in process of development |  |  | 355,068 |  |  | 349,891 |
Homes completed or under construction |  |  | 295,626 |  |  | 205,428 |
Total |  | $ | 679,895 |  | $ | 584,408 |
Interest incurred, capitalized and expensed | The following table represents interest incurred, interest capitalized, and interest expense for the three and nine months ended September 30, 2017 and 2016 (in thousands):
|  | Three Months Ended |  | Nine Months Ended |
|  | September 30, |  | September 30, |
|  | 2017 |  | 2016 |  | 2017 |  | 2016 |
Interest incurred |  | $ | 8,523 |  | $ | 6,483 |  | $ | 24,046 |  | $ | 19,873 |
Interest capitalized |  |  | (5,898) |  |  | (5,782) |  |  | (16,899) |  |  | (17,020) |
Interest expense |  | $ | 2,625 |  | $ | 701 |  | $ | 7,147 |  | $ | 2,853 |

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