v3.8.0.1

Land and Other Inventories (Tables) | 3 Months Ended
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Mar. 31, 2018
Land and Other Inventories |
Land and Other Inventories | As of March 31, 2018 and December 31, 2017, land and other inventories consisted of the following (in thousands):
|  | March 31, 2018 |  | December 31, 2017 |
Land held for future development |  | $ | 29,668 |  | $ | 29,312 |
Land developed and in process of development |  |  | 356,189 |  |  | 351,798 |
Homes completed or under construction |  |  | 282,700 |  |  | 222,741 |
Total |  | $ | 668,557 |  | $ | 603,851 |
Interest incurred, capitalized and expensed | The following table represents interest incurred, interest capitalized, and interest expense for the three months ended March 31, 2018 and 2017 (in thousands):
|  | Three Months Ended |
|  | March 31, |
|  | 2018 |  | 2017 |
Interest incurred |  | $ | 8,518 |  | $ | 6,205 |
Interest capitalized |  |  | (5,127) |  |  | (5,368) |
Interest expense |  | $ | 3,391 |  | $ | 837 |

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