Note 10 - Capitalization of Interest (Tables)

6 Months Ended

Jun. 30, 2016

Notes Tables

Schedule of Capitalized Interest [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2016			2015			2016			2015
	(Dollars in thousands)						(Dollars in thousands)
Total interest incurred (1)	$	55,610		$	41,857		$	118,335		$	83,660
Less: Interest capitalized to inventories owned (1)		(54,564	)		(41,508	)		(116,409	)		(82,909	)
Less: Interest capitalized to investments in unconsolidated joint ventures		(1,046	)		(349	)		(1,926	)		(751	)
Interest expense	$	―		$	―		$	―		$	―
Interest previously capitalized to inventories owned, included in cost of home sales	$	40,528		$	35,051		$	70,731		$	57,446
Interest previously capitalized to inventories owned, included in cost of land sales	$	1,302		$	1,512		$	1,481		$	1,755
Interest previously capitalized to investments in unconsolidated joint ventures, included in income (loss) from unconsolidated joint ventures		―			―			―			―
Interest capitalized in ending inventories owned (2)	$	350,210		$	299,315		$	350,210		$	299,315
Interest capitalized as a percentage of inventories owned		5.5	%		8.3	%		5.5	%		8.3	%
Interest capitalized in ending investments in unconsolidated joint ventures (2)	$	4,313		$	1,416		$	4,313		$	1,416
Interest capitalized as a percentage of investments in unconsolidated joint ventures		2.9	%		2.3	%		2.9	%		2.3	%