Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities:
Net income	$ 4,490	$ 6,188
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization expense	56	77
Share-based compensation	245	83
Deferred income taxes, net	1,429	2,001
Changes in operating assets and liabilities
Decrease in restricted cash	(861)	(1)
Increase in accounts receivable	(812)	(177)
Increase in inventory	(32,499)	(15,429)
Decrease (increase) in earnest money deposits	2,993	(1,858)
Decrease (increase) in other assets	718	(61)
Increase (decrease) in accounts payable	3,285	(2,222)
Increase in accrued expenses	1,522	1,084
Increase in customer and builder deposits	2,133	255
Net cash used in operating activities	(17,301)	(10,060)
Cash flows from investing activities
Proceeds from sale of investment in direct financing leases	0	2,768
Acquisition of property and equipment	(7)	(211)
Net cash (used in) provided by investing activities	(7)	2,557
Cash flows from financing activities
Borrowings from lines of credit	30,000	7,000
Proceeds from notes payable	0	1,009
Repayments of lines of credit	(10,000)	(1,561)
Repayments of notes payable	(170)	(2,410)
Contributions from noncontrolling interests	2,228	45
Distributions to noncontrolling interests	(1,500)	(300)
Net cash provided by financing activities	20,558	3,783
Net cash provided by financing activities	3,250	(3,720)
Cash and cash equivalents at beginning of period	21,207	22,651
Cash and cash equivalents at beginning of period	24,457	18,931
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	0	453
Cash paid for taxes	160	273
Supplemental disclosure of noncash investing and financing activities:
Decrease in land not owned under option agreements		473
Out-of-period equity adjustment	$ 0	$ 1,933