Unaudited Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2017	Jun. 30, 2016
Operating activities:
Net income	$ 2,353	$ 1,575
Adjustments to reconcile net income to net cash used in operating activities:
Deferred taxes	(54)	(27)
Amortization of equity based compensation	1,306	1,742
Excess income tax provision from stock-based compensation	0	97
Distributions of earnings from unconsolidated joint ventures	1,588	1,095
Home sales impairments	1,300	0
Equity in net income of unconsolidated joint ventures	(507)	(3,940)
Deferred profit from unconsolidated joint ventures	497	332
Depreciation	236	251
Abandoned project costs	206	329
Net changes in operating assets and liabilities:
Restricted cash	497	104
Contracts and accounts receivable	9,573	9,164
Due from affiliates	(671)	88
Real estate inventories	(74,407)	(164,464)
Other assets	(2,900)	(5,832)
Accounts payable	1,160	3,737
Accrued expenses and other liabilities	(11,588)	(9,711)
Due to affiliates	0	(239)
Net cash used in operating activities	(71,411)	(165,699)
Investing activities:
Purchases of property and equipment	(95)	(296)
Cash assumed from joint venture at consolidation	995	2,009
Contributions and advances to unconsolidated joint ventures	(8,517)	(5,656)
Distributions of capital from unconsolidated joint ventures	2,948	7,405
Net cash provided by (used in) investing activities	(4,669)	3,462
Financing activities:
Borrowings from credit facility	72,000	175,000
Repayments of credit facility	(190,000)	(11,000)
Proceeds from senior notes	324,465	0
Borrowings from other notes payable	0	343
Repayments of other notes payable	0	(15,636)
Payments of Debt Issuance Costs	(6,440)	(1,064)
Cash distribution to noncontrolling interest in subsidiary	0	(725)
Minimum tax withholding paid on behalf of employees for stock awards	(584)	(647)
Excess income tax provision from stock-based compensation	0	(97)
Proceeds from Stock Options Exercised	102	0
Net cash provided by financing activities	199,543	146,174
Net increase (decrease) in cash and cash equivalents	123,463	(16,063)
Cash and cash equivalents – beginning of period	30,496	45,874
Cash and cash equivalents – end of period	$ 153,959	$ 29,811