Segment Information (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of financial information relating to segments

Financial information relating to reportable segments is as follows (in thousands):



	December 31, 2013		December 31, 2012
Assets
Homebuilding	$	108,594	$	31,427
Land development	68,254		93,940
Corporate and other assets	90,472		12,167
Total	$	267,320	$	137,534

Corporate and Other Assets primarily include cash and cash equivalents which are maintained centrally and used according to the cash flow requirements of each of the two segments. The increase in cash and cash equivalents was a result of proceeds from the completion of the IPO.



	Year Ended December 31,
	2013			2012		2011
Revenue
Homebuilding	$	72,511		$	14,060	$	8,285
Land development	20,215			44,066		15,893
Total	92,726			58,126		24,178
Gross margin
Homebuilding	15,011			4,228		2,664
Land development	6,395			11,190		(1,387		)
Total	21,406			15,418		1,277
Sales and marketing	6,647			2,875		1,414
General and administrative	19,368			10,103		6,464
Other income	322			578		34
Net (loss) income	$	(4,287	)	$	3,018	$	(6,567	)

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

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