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Real Estate Inventories and Capitalized Interest (Details) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Dec. 31, 2013
Real estate inventory      
Land and land improvements held for development or sale $ 204,863,000   $ 207,810,000
Work in progress 55,680,000   38,486,000
Completed inventories 27,718,000   25,372,000
Investments in amenities 8,568,000   8,625,000
Total real estate inventories 296,829,000   280,293,000
Carrying values of land and land improvements held for sale 1,800,000   1,800,000
Single and multi-family inventories represented as a percentage of total real estate inventories 90.00%   89.00%
Tower inventories represented as a percentage of total real estate inventories 7.00%   8.00%
Capitalized interest      
Capitalized interest at the beginning of the period 15,443,000 7,959,000  
Interest incurred 3,762,000 3,430,000  
Interest expensed (498,000) (885,000)  
Interest charged to cost of sales (985,000) (493,000)  
Capitalized interest at the end of the period $ 17,722,000 $ 10,011,000