REAL ESTATE AND CAPITALIZED INTEREST - Summary of Capitalized Interest (Details) - USD ($) $ in Thousands |
3 Months Ended | |||
---|---|---|---|---|
Mar. 31, 2017 |
Mar. 31, 2016 |
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Summary of capitalized interest | ||||
Capitalized interest, beginning of period | $ 68,196 | $ 61,202 | ||
Interest incurred | 17,895 | 17,559 | ||
Interest expensed | (825) | (3,288) | ||
Interest amortized to cost of home and land closings | (14,381) | (11,347) | ||
Capitalized interest, end of period | [1] | 70,885 | $ 64,126 | |
Equity-method land ventures [Member] | ||||
Summary of capitalized interest | ||||
Capitalized interest, beginning of period | 130 | |||
Capitalized interest, end of period | $ 47 | |||
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