Consolidated Balance Sheets (USD $) In Thousands	Sep. 30, 2011	Dec. 31, 2010
ASSETS
Cash and cash equivalents	$ 29,121	$ 5,366
Real estate	587,226	562,192
Assets held for sale	0	21,122
Investment in unconsolidated ventures	98,089	101,166
Timber	15,656	17,959
Receivables, net	24,376	2,875
Prepaid expenses	2,409	2,034
Property and equipment, net	5,362	5,577
Oil and gas properties and equipment, net	3,713	322
Deferred tax asset	58,154	47,141
Goodwill and other intangible assets	5,720	6,527
Other assets	16,870	17,043
TOTAL ASSETS	846,696	789,324
LIABILITIES AND SHAREHOLDERS' EQUITY
Accounts payable	5,733	4,214
Accrued employee compensation and benefits	784	994
Accrued property taxes	6,996	3,662
Accrued interest	946	1,061
Income taxes payable	22,423	3,293
Other accrued expenses	10,713	8,168
Other liabilities	30,753	32,064
Debt	223,697	221,589
TOTAL LIABILITIES	302,045	275,045
COMMITMENTS AND CONTINGENCIES
Forestar Group Inc. shareholders' equity:
Preferred stock, par value $0.01 per share, 25,000,000 authorized shares, none issued
Common stock, par value $1.00 per share, 200,000,000 authorized shares, 36,793,467 issued at third quarter-end 2011 and 36,667,210 issued at year-end 2010	36,793	36,667
Additional paid-in capital	396,898	391,352
Retained earnings	131,035	101,001
Treasury stock, at cost, 1,459,621 shares at third quarter-end 2011 and 1,216,647 shares at year-end 2010	(22,873)	(19,456)
Total Forestar Group Inc. shareholders' equity	541,853	509,564
Noncontrolling interests	2,798	4,715
TOTAL SHAREHOLDERS' EQUITY	544,651	514,279
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	$ 846,696	$ 789,324