Inventory (Tables)

9 Months Ended

Jun. 30, 2018

Owned inventory consisted of the following as of June 30, 2018 and September 30, 2017:



in thousands	June 30, 2018		September 30, 2017
Homes under construction	$	641,780	$	419,312
Development projects in progress	805,619		785,777
Land held for future development	84,813		112,565
Land held for sale	10,128		17,759
Capitalized interest	152,182		139,203
Model homes	73,461		68,191
Total owned inventory	$	1,767,983	$	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 June 30, 2018 and September 30, 2017:



in thousands	Projects in Progress ^(a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
June 30, 2018
West Segment	$	815,784	$	59,764	$	2,255	$	877,803
East Segment	302,950		14,077		7,159		324,186
Southeast Segment	344,729		10,972		690		356,391
Corporate and unallocated ^(b)	209,579		—		24		209,603
Total	$	1,673,042	$	84,813	$	10,128	$	1,767,983
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 June 30,				Nine Months Ended June 30,
in thousands	2018		2017		2018		2017
Land Held for Sale:
West	$	—	$	—	$	—	$	94
East	168		470		168		470
Total impairment charges on land held for sale	$	168	$	470	$	168	$	564
Abandonments:
East	—		—		—		188
Total continuing operations	$	168	$	470	$	168	$	752
Discontinued Operations:
Land Held for Sale	—		—		450		—
Total impairment and abandonment charges	$	168	$	470	$	618	$	752

Summary of interests in lot option agreements

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



in thousands	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation
As of June 30, 2018
Unconsolidated lot option agreements	$	73,018	$	355,773
As of September 30, 2017
Unconsolidated lot option agreements	$	91,854	$	408,300