Inventory (Tables)

6 Months Ended

Mar. 31, 2018

wned inventory consisted of the following as of March 31, 2018 and September 30, 2017:



(In thousands)	March 31, 2018		September 30, 2017
Homes under construction	$	527,102	$	419,312
Development projects in progress	825,355		785,777
Land held for future development	87,718		112,565
Land held for sale	9,927		17,759
Capitalized interest	149,034		139,203
Model homes	78,225		68,191
Total owned inventory	$	1,677,361	$	1,542,807

Schedule of total owned inventory, by segment

Total owned inventory by reportable segment and by category is presented in the table below as of March 31, 2018 and September 30, 2017:



(In thousands)	Projects in Progress ^(a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
March 31, 2018
West Segment	$	751,745	$	62,190	$	1,484	$	815,419
East Segment	285,068		14,570		7,522		307,160
Southeast Segment	338,666		10,958		897		350,521
Corporate and unallocated ^(b)	204,237		—		24		204,261
Total	$	1,579,716	$	87,718	$	9,927	$	1,677,361
September 30, 2017
West Segment	$	673,828	$	87,231	$	3,848	$	764,907
East Segment	250,002		14,391		11,578		275,971
Southeast Segment	301,268		10,943		1,233		313,444
Corporate and unallocated ^(b)	187,385		—		1,100		188,485
Total	$	1,412,483	$	112,565	$	17,759	$	1,542,807

^(a)Projects in progress include homes under construction, development projects in progress, capitalized interest, and model homes categories from the preceding table.

^(b)Projects in progress amount includes capitalized interest and indirect costs that are maintained within our Corporate and unallocated segment. Land held for sale amount includes parcels held by our discontinued operations.

Schedule of inventory impairments and lot option abandonment charges, by reportable homebuilding segment

The following table presents our total impairment and abandonment charges for the periods presented:



	Three Months Ended March 31,				Six Months Ended March 31,
(In thousands)	2018		2017		2018		2017
Land Held for Sale:
West	$	—	$	94	$	—	$	94
Abandonments:
East	—		188		—		188
Total continuing operations	$	—	$	282	$	—	$	282
Discontinued Operations:
Land Held for Sale	—		—		450		—
Total impairment and abandonment charges	$	—	$	282	$	450	$	282

Summary of interests in lot option agreements

The following table provides a summary of our interests in lot option agreements as of March 31, 2018 and September 30, 2017:



(In thousands)	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation
As of March 31, 2018
Unconsolidated lot option agreements	$	78,971	$	341,737
As of September 30, 2017
Unconsolidated lot option agreements	$	91,854	$	408,300