Inventory (Tables)

3 Months Ended

Dec. 31, 2019

The components of our owned inventory are as follows as of December 31, 2019 and September 30, 2019:



in thousands	December 31, 2019		September 30, 2019
Homes under construction	$	580,580	$	507,542
Development projects in progress	732,380		738,201
Land held for future development	28,531		28,531
Land held for sale	11,443		12,662
Capitalized interest	137,010		136,565
Model homes	84,336		80,747
Total owned inventory	$	1,574,280	$	1,504,248

Schedule of total owned inventory, by segment

Total owned inventory by reportable segment is presented in the table below as of December 31, 2019 and September 30, 2019:



in thousands	Projects in Progress ^(a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
December 31, 2019
West Segment	$	733,525	$	3,483	$	4,235	$	741,243
East Segment	270,930		14,077		3,810		288,817
Southeast Segment	333,623		10,971		3,398		347,992
Corporate and unallocated ^(b)	196,228		—		—		196,228
Total	$	1,534,306	$	28,531	$	11,443	$	1,574,280
September 30, 2019
West Segment	$	723,094	$	3,483	$	5,160	$	731,737
East Segment	228,937		14,077		4,104		247,118
Southeast Segment	318,737		10,971		3,398		333,106
Corporate and unallocated ^(b)	192,287		—		—		192,287
Total	$	1,463,055	$	28,531	$	12,662	$	1,504,248

^(a)Projects in progress include homes under construction, development projects in progress, capitalized interest, and model home 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.

Summary of interests in lot option agreements

The following table provides a summary of our interests in lot option agreements as of December 31, 2019 and September 30, 2019:



in thousands	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation
As of December 31, 2019
Unconsolidated lot option agreements	$	74,836	$	386,762
As of September 30, 2019
Unconsolidated lot option agreements	$	78,202	$	389,705