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Capitalized Interest
 9 Months Ended
Sep. 30, 2014
Capitalized Interest [Abstract]  
capitalized interest [Text Block]
Capitalized Interest

The Company capitalizes interest during land development and home construction.  Capitalized interest is charged to land and housing costs and expenses as the related inventory is delivered to a third party.  The summary of capitalized interest for the three and nine months ended September 30, 2014 and 2013 is as follows:
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
(In thousands)
2014
 
2013
 
2014
 
2013
Capitalized interest, beginning of period
$
14,831

 
$
14,260

 
$
13,802

 
$
15,376

Interest capitalized to inventory
5,161

 
3,940

 
13,141

 
10,045

Capitalized interest charged to land and housing costs and expenses
(4,281
)
 
(4,074
)
 
(11,232
)
 
(11,295
)
Capitalized interest, end of period
$
15,711

 
$
14,126

 
$
15,711

 
$
14,126

 
 
 
 
 
 
 
 
Interest incurred
$
7,810

 
$
7,389

 
$
22,690

 
$
22,231