Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2018	Mar. 31, 2017
Cash flows from operating activities:
Net income	$ 13,239	$ 8,226
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation expense	402	88
Share-based compensation expense	1,248	1,912
Deferred income taxes	3,431	3,347
Equity in income of unconsolidated entity	(1,536)	0
Distributions of income from unconsolidated entity	761	0
Changes in operating assets and liabilities:
Decrease (increase) in accounts receivable	57	(420)
(Increase) decrease in inventory	(33,948)	3,152
Increase in earnest money deposits	(1,336)	(624)
Decrease (increase) in other assets	367	(739)
Decrease in accounts payable	(2,128)	(2,004)
(Decrease) increase in accrued expenses	(2,179)	633
Increase in customer and builder deposits	1,251	2,979
Net cash (used in) provided by operating activities	(20,371)	16,550
Cash flows from investing activities:
Purchase of property and equipment	(601)	0
Net cash used in investing activities	(601)	0
Cash flows from financing activities:
Borrowings from lines of credit	38,000	5,000
Repayments of lines of credit	(10,000)	(17,500)
Repayments of notes payable	(12)	(725)
Withholdings of taxes from vesting of restricted stock awards	(412)	(586)
Contributions from noncontrolling interests	0	88
Distributions to noncontrolling interests	(8,045)	(4,597)
Net cash provided by (used in) financing activities	19,531	(18,320)
Net decrease in cash and restricted cash	(1,441)	(1,770)
Cash and restricted cash at beginning of period	40,289	39,602
Cash and restricted cash at end of period	38,848	37,832
Supplemental disclosure of cash flow information:
Cash paid for interest, net of capitalized interest	0	0
Cash paid (received) for taxes, net of refunds	(46)	36
Supplemental disclosure of noncash investing activities:
Increase in land not owned under option contracts	$ 0	$ 857