Inventory (Tables)

6 Months Ended

Mar. 31, 2020

The components of our owned inventory are as follows as of March 31, 2020 and September 30, 2019:



in thousands	March 31, 2020		September 30, 2019
Homes under construction	$	634,380	$	507,542
Development projects in progress	706,691		738,201
Land held for future development	28,531		28,531
Land held for sale	10,716		12,662
Capitalized interest	134,693		136,565
Model homes	80,289		80,747
Total owned inventory	$	1,595,300	$	1,504,248

Schedule of total owned inventory, by segment

Total owned inventory by reportable segment is presented in the table below as of March 31, 2020 and September 30, 2019:



in thousands	Projects in Progress ^(a)		Land Held for Future Development		Land Held for Sale		Total Owned Inventory
March 31, 2020
West Segment	$	747,692	$	3,483	$	4,153	$	755,328
East Segment	279,900		14,077		3,166		297,143
Southeast Segment	332,548		10,971		3,397		346,916
Corporate and unallocated ^(b)	195,913		—		—		195,913
Total	$	1,556,053	$	28,531	$	10,716	$	1,595,300
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 March 31, 2020 and September 30, 2019:



in thousands	Deposits & Non-refundable Pre-acquisition Costs Incurred		Remaining Obligation
As of March 31, 2020
Unconsolidated lot option agreements	$	67,557	$	382,412
As of September 30, 2019
Unconsolidated lot option agreements	$	78,202	$	389,705