Capitalized interest	9 Months Ended
Jul. 31, 2014
Capitalized Interest
Capitalized interest	Note 8 – Capitalized interest Interest costs associated with amounts expended at the Grande Rotunda development are capitalized and included in the cost of the project. Interest capitalized during the nine and three-month periods ended July 31, 2014, amounted to $744,000 and $524,000, respectively. No capitalized interest was recognized during the nine and three-month periods ended July 31, 2013, since construction at the Rotunda did not begin until September 2013.

The entire disclosure regarding capitalization of interest costs, including but not limited to: (i) capitalizing to inventory the interest costs incurred on land development, home construction, and building construction projects, (ii) charging such capitalized costs against earnings, including identification of the line item captions reflecting such expense (typically cost of sales), and (iii) allocating such costs to projects.

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