Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2016	Jun. 30, 2015
OPERATING ACTIVITIES
Net income (loss) including net income attributable to non-controlling interests	$ 118,152	$ (9,474)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	3,109	1,799
Amortization of share-based compensation	1,728	1,698
Impairment charges	228	0
Equity in loss (income) from unconsolidated entities	11	(165)
Loss (gain) from disposal of assets	(2)	31
Deferred income taxes, net	(110,192)
Changes in operating assets and liabilities:
Restricted cash	25,856	(8,728)
Land and other inventories	(53,981)	(89,816)
Receivables	1,467	(350)
Prepaid expenses and other assets	1,969	(1,151)
Accounts payable, estimated development liability, and accrued and other liabilities	(1,320)	2,310
Customer deposits	5,507	5,916
NET CASH USED IN OPERATING ACTIVITIES	(7,464)	(97,992)
INVESTING ACTIVITIES
Investment in property and equipment	(269)	(906)
Proceeds from sales of property and equipment	11	31
Business acquisitions	10
Investment in unconsolidated entities	(20)	(2,882)
NET CASH USED IN INVESTING ACTIVITIES	(268)	(3,757)
FINANCING ACTIVITIES
Proceeds from issuance of debt	35,000	79,872
Debt issuance costs		(526)
Principal payments of notes	(46,793)	(44,617)
Contingent consideration and other financing activities	(4,277)	(40)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES	(16,070)	34,689
DECREASE IN CASH AND CASH EQUIVALENTS	(23,802)	(67,060)
Cash and cash equivalents at beginning of year	46,898	180,334
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 23,096	113,274
Noncash transactions:
Transfer from assets held for sale to land and other inventories and property and equipment		4,051
Accrued debt issuance costs		1,400
Distribution of land from unconsolidated joint venture		$ 19,093