Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities:
Net income	$ 13,192	$ 20,680
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization expense	588	246
Share-based compensation	196	0
Deferred income taxes, net	3,994	0
Changes in operating assets and liabilities
Increase in restricted cash	(259)	(626)
(Increase) decrease in accounts receivable	(62)	80
Increase in inventory	(28,097)	(8,278)
Increase in earnest money deposits	(2,265)	(2,308)
Increase in other assets	(1,317)	(109)
Increase in accounts payable	1,052	975
Increase in accrued expenses	810	1,782
Increase in customer and builder deposits	457	475
Net cash (used in) provided by operating activities	(11,711)	12,917
Cash flows from investing activities
Proceeds from sale of investment in direct financing leases	2,768	1,961
Issuance of notes receivable	0	(1,600)
Repayments of notes receivable	0	5,356
Acquisition of property and equipment	(678)	(875)
Net cash provided by investing activities	2,090	4,842
Cash flows from financing activities
Borrowings from lines of credit	13,500	4,000
Proceeds from notes payable	2,676	4,451
Repayments of lines of credit	(7,061)	(1,105)
Repayments of notes payable	(3,004)	(15,018)
Contributions from noncontrolling interests	87	390
Distributions to controlling interests	0	(4,811)
Distributions to noncontrolling interests	(2,673)	(5,235)
Net cash provided by (used in) financing activities	3,525	(17,328)
Net cash provided by (used in) financing activities	(6,096)	431
Cash and cash equivalents at beginning of period	21,267	16,683
Cash and cash equivalents at beginning of period	15,171	17,114
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	3,046	683
Cash paid for taxes	914	347
Supplemental disclosure of noncash investing and financing activities:
Decrease in land not owned under option agreements	$ 1,429	$ 0