Capitalization of Interest (Tables)

3 Months Ended

Mar. 31, 2013

Text Block [Abstract]

Interest Activity

The table set forth below summarizes homebuilding interest activity.

	Three Months Ended March 31,
	2013			2012
	(Dollars in thousands)
Homebuilding interest incurred	$	14,339		$	10,593
Less: Interest capitalized		(13,522	)		(9,785	)
Homebuilding interest expense	$	817		$	808
Interest capitalized, beginning of period	$	69,143		$	58,742
Interest capitalized during period		13,522			9,785
Less: Previously capitalized interest included in home cost of sales		(9,874	)		(4,894	)
Interest capitalized, end of period	$	72,791		$	63,633