Note 8 - Capitalization of Interest (Tables)

6 Months Ended

Jun. 30, 2015

Home Building Interest [Abstract]

Schedule of Capitalized Interest [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2015			2014			2015			2014
	(Dollars in thousands)
Total interest incurred	$	41,857		$	37,641		$	83,660		$	76,427
Less: Interest capitalized to inventories owned		(41,508	)		(37,228	)		(82,909	)		(75,441	)
Less: Interest capitalized to investments in unconsolidated joint ventures		(349	)		(413	)		(751	)		(986	)
Interest expense	$	-		$	-		$	-		$	-
Interest previously capitalized to inventories owned, included in cost of home sales	$	35,051		$	29,812		$	57,446		$	54,180
Interest previously capitalized to inventories owned, included in cost of land sales	$	1,512		$	4		$	1,755		$	619
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)	$	299,315		$	265,393		$	299,315		$	265,393
Interest capitalized as a percentage of inventories owned		8.3	%		9.1	%		8.3	%		9.1	%
Interest capitalized in ending investments in unconsolidated joint ventures (1)	$	1,416		$	1,924		$	1,416		$	1,924
Interest capitalized as a percentage of investments in unconsolidated joint ventures		2.3	%		3.8	%		2.3	%		3.8	%