Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
OPERATING ACTIVITIES
Net loss (including net income attributable to non-controlling interests)	$ (9,474,000)	$ (3,885,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	1,799,000	1,602,000
Amortization of stock-based compensation	1,698,000	1,236,000
Equity in loss (earnings) from unconsolidated entities	(165,000)	5,000
Gain on disposal of assets	(31,000)	0
Changes in operating assets and liabilities:
Restricted cash	(8,728,000)	(7,392,000)
Land and other inventories	(89,816,000)	(66,431,000)
Receivables	(350,000)	1,341,000
Assets held for sale	0	11,619,000
Prepaid expenses and other assets	(1,151,000)	(1,468,000)
Accounts payable, estimated development liability, and accrued and other liabilities	2,310,000	7,781,000
Customer deposits	5,916,000	2,407,000
NET CASH USED IN OPERATING ACTIVITIES	(97,992,000)	(53,185,000)
INVESTING ACTIVITIES
Investment in property and equipment	(906,000)	(409,000)
Proceeds from sales of property and equipment	31,000	12,000
Acquisition of Royal Oak Homes	0	(64,794,000)
Investment in unconsolidated entities	(2,882,000)	0
Return of capital from unconsolidated entities	0	33,000
NET CASH USED IN INVESTING ACTIVITIES	(3,757,000)	(65,158,000)
FINANCING ACTIVITIES
Gross proceeds from issuance of notes	79,872,000	200,000,000
Debt issuance costs	(526,000)	(8,297,000)
Principal payments of notes payable	(44,617,000)	(5,421,000)
Other financing activities, net	(40,000)	43,000
NET CASH PROVIDED BY FINANCING ACTIVITIES	34,689,000	186,325,000
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	(67,060,000)	67,982,000
Cash and cash equivalents at beginning of period	180,334,000	144,727,000
CASH AND CASH EQUIVALENTS AT END OF PERIOD	113,274,000	212,709,000
Non-cash transactions:
Transfer from assets held for sale to land and other inventories	4,051,000	0
Accrued debt issuance costs	1,400,000	0
Distribution of land from unconsolidated joint venture	$ 19,093,000	$ 0