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Capitalized Interest
 9 Months Ended
Sep. 30, 2012
Capitalized Interest [Abstract]  
capitalized interest [Text Block]
Capitalized Interest

The Company capitalizes interest during land development and home construction. Capitalized interest is charged to cost of sales as the related inventory is delivered to a third party. A summary of capitalized interest for the three and nine months ended September 30, 2012 and 2011 is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2012
 
2011
 
2012
 
2011
Capitalized interest, beginning of period
$
17,967

 
$
19,758

 
$
18,869

 
$
20,075

Interest capitalized to inventory
2,574

 
2,773

 
7,128

 
7,613

Capitalized interest charged to cost of sales
(3,755
)
 
(2,515
)
 
(9,211
)
 
(7,672
)
Capitalized interest, end of period
$
16,786

 
$
20,016

 
$
16,786

 
$
20,016

 
 
 
 
 
 
 
 
Interest incurred — net
$
6,573

 
$
6,157

 
$
19,194

 
$
18,497