Note 8 - Capitalization of Interest (Tables)

3 Months Ended

Mar. 31, 2015

Home Building Interest [Abstract]

Schedule of Capitalized Interest [Table Text Block]

	Three Months Ended March 31,
	2015			2014
	(Dollars in thousands)
Total interest incurred	$	41,803		$	38,786
Less: Interest capitalized to inventories owned		(41,401	)		(38,213	)
Less: Interest capitalized to investments in unconsolidated joint ventures		(402	)		(573	)
Interest expense	$	-		$	-
Interest previously capitalized to inventories owned, included in cost of home sales	$	22,395		$	24,368
Interest previously capitalized to inventories owned, included in cost of land sales	$	243		$	615
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures	$	-		$	30
Interest capitalized in ending inventories owned (1)	$	294,370		$	257,981
Interest capitalized as a percentage of inventories owned		8.5	%		9.4	%
Interest capitalized in ending investments in unconsolidated joint ventures (1)	$	1,067		$	1,511
Interest capitalized as a percentage of investments in unconsolidated joint ventures		2.1	%		3.0	%