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Inventory And Land Held For Sale (Tables)
9 Months Ended
Sep. 30, 2013
Inventory Disclosure [Abstract]  
Components of Inventory
Major components of inventory were as follows ($000’s omitted): 
 
September 30,
2013
 
December 31,
2012
Homes under construction
$
1,277,648

 
$
1,116,184

Land under development
2,117,653

 
2,435,378

Raw land
755,663

 
662,484

 
$
4,150,964

 
$
4,214,046

Capitalized interest rollforward
Information related to interest capitalized into inventory is as follows ($000’s omitted):
 
 
Three Months Ended
 
Nine Months Ended
 
September 30,
 
September 30,
 
2013
 
2012
 
2013
 
2012
Interest in inventory, beginning of period
$
298,575

 
$
358,451

 
$
331,880

 
$
355,068

Interest capitalized
35,962

 
50,730

 
118,527

 
153,369

Interest expensed
(68,013
)
 
(57,155
)
 
(183,883
)
 
(156,411
)
Interest in inventory, end of period
$
266,524

 
$
352,026

 
$
266,524

 
$
352,026

Interest incurred*
$
35,962

 
$
50,730

 
$
118,527

 
$
153,369


*
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):
 
 
September 30,
2013
 
December 31,
2012
Land held for sale, gross
$
73,698

 
$
135,201

Net realizable value reserves
(8,598
)
 
(44,097
)
Land held for sale, net
$
65,100

 
$
91,104