Land and Other Inventories (Tables)

3 Months Ended

Mar. 31, 2018

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