Consolidated Statements of Cash Flows (unaudited) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES
Net loss (including net gain or loss attributable to non-controlling interests)	$ (1,633)	$ (4,759)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	769	645
Amortization of stock-based compensation	596	282
Equity loss (income) from unconsolidated entities	(1)	63
Changes in operating assets and liabilities:
Restricted cash	(4,159)	(45)
Receivables, net	2,177	368
Land and other inventories	(34,230)	(9,782)
Assets held for sale	11,365	5,458
Prepaid expenses and other assets	580	621
Accounts payable, estimated development liability, and accrued and other liabilities	894	(1,358)
Customer deposits and deferred revenues	824	171
NET CASH USED IN OPERATING ACTIVITIES	(22,818)	(8,336)
INVESTING ACTIVITIES
Investment in property and equipment	(212)	(379)
Proceeds from sales of property and equipment	12	0
Acquisition of Royal Oak Homes	(64,794)	0
Investment in unconsolidated entities	0	(83)
NET CASH USED IN INVESTING ACTIVITIES	(64,994)	(462)
FINANCING ACTIVITIES
Principal payments of 7.5% Convertible Notes	(19)	0
Contributions from consolidated joint venture partner	185	104
Payment of withholding taxes related to restricted stock and units withheld	(149)	(34)
NET CASH PROVIDED BY FINANCING ACTIVITIES	17	70
DECREASE IN CASH AND CASH EQUIVALENTS	(87,795)	(8,728)
Cash and cash equivalents at beginning of period	144,727	79,815
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$ 56,932	$ 71,087