Inventory (Tables)

3 Months Ended

Dec. 31, 2014

Real Estate [Abstract]

Schedule of Inventory

(In thousands)	December 31, 2014		September 30, 2014
Homes under construction	$	325,074	$	282,095
Development projects in progress	811,021		786,768
Land held for future development	312,148		301,048
Land held for sale	68,358		51,672
Capitalized interest	99,868		87,619
Model homes	61,142		48,294
Total owned inventory	$	1,677,611	$	1,557,496

Schedule of Total Owned Inventory, by Segment

Total owned inventory, by reportable segment, is set forth in the table below:

(In thousands)	Projects in Progress		Held for Future Development		Land Held for Sale		Total Owned Inventory
December 31, 2014
West Segment	$	479,550	$	272,009	$	12,446	$	764,005
East Segment	379,191		29,215		36,958		445,364
Southeast Segment	283,014		10,924		16,658		310,596
Unallocated and Other	155,350		—		2,296		157,646
Total	$	1,297,105	$	312,148	$	68,358	$	1,677,611
September 30, 2014
West Segment	$	462,508	$	260,898	$	10,026	$	733,432
East Segment	353,859		29,239		34,530		417,628
Southeast Segment	264,843		10,911		4,821		280,575
Unallocated and Other	123,566		—		2,295		125,861
Total	$	1,204,776	$	301,048	$	51,672	$	1,557,496

Summary of Interests in Lot Option Agreements

The following provides a summary of our interests in lot option agreements as of December 31, 2014 and September 30, 2014:

(In thousands)	Deposits & Non-refundable Preacquisition Costs Incurred		Remaining Obligation		Land Not Owned Under Option Agreements
As of December 31, 2014
Consolidated VIEs	$	195	$	1,248	$	1,443
Unconsolidated lot option agreements	44,538		379,482		—
Total lot option agreements	$	44,733	$	380,730	$	1,443
As of September 30, 2014
Consolidated VIEs	$	941	$	2,916	$	3,857
Unconsolidated lot option agreements	42,588		417,618		—
Total lot option agreements	$	43,529	$	420,534	$	3,857