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Inventory And Land Held For Sale (Tables)
6 Months Ended
Jun. 30, 2013
Inventory Disclosure [Abstract]  
Components of Inventory
Major components of inventory were as follows ($000’s omitted): 
 
June 30,
2013
 
December 31,
2012
Homes under construction
$
1,301,808

 
$
1,116,184

Land under development
2,159,907

 
2,435,378

Raw land
721,354

 
662,484

 
$
4,183,069

 
$
4,214,046

Capitalized interest rollforward
Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2013
 
2012
 
2013
 
2012
Interest in inventory, beginning of period
$
320,859

 
$
359,205

 
$
331,880

 
$
355,068

Interest capitalized
39,909

 
51,316

 
82,565

 
102,639

Interest expensed
(62,193
)
 
(52,070
)
 
(115,870
)
 
(99,256
)
Interest in inventory, end of period
$
298,575

 
$
358,451

 
$
298,575

 
$
358,451

Interest incurred*
$
39,909

 
$
51,316

 
$
82,565

 
$
102,639


*
Homebuilding interest incurred includes interest on senior debt and certain other financing arrangements.
Land Held for Sale
Land held for sale was as follows ($000’s omitted):
 
 
June 30,
2013
 
December 31,
2012
Land held for sale, gross
$
98,527

 
$
135,201

Net realizable value reserves
(8,762
)
 
(44,097
)
Land held for sale, net
$
89,765

 
$
91,104