Land and Land Development Costs	3 Months Ended
Mar. 31, 2013
Inventory, Real Estate [Abstract]
Land and Land Development Costs and Residential Properties Under Construction	Land and Land Development Costs The costs of a land purchase and any development expenses up to the initial construction phase of any new residential property development project are recorded under the asset “land and land development costs.” Once construction commences, the costs of construction are recorded under the asset “residential properties under construction.” The assets “land and land development costs” and “residential properties under construction” relating to specific projects are recorded as current assets when the estimated project completion date is less than one year from the date of the consolidated financial statements, or as non-current assets when the estimated project completion date is more than one year from the date of the consolidated financial statements. As of March 31, 2013, the Company held eight land properties purchased for future residential development. These properties were recorded at their carrying value of $1,040,000, as land within the non-current assets section of our balance sheet. This compared to eight land properties recorded at their carrying value of $1,028,000 as of December 31, 2012. The Company did not record an impairment to its land carrying value for either of the three months ended March 31, 2013 and 2012.

Land and Land Development Costs

The costs of a land purchase and any development expenses up to the initial construction phase of any new residential property development project are recorded under the asset “land and land development costs.” Once construction commences, the costs of construction are recorded under the asset “residential properties under construction.” The assets “land and land development costs” and “residential properties under construction” relating to specific projects are recorded as current assets when the estimated project completion date is less than one year from the date of the consolidated financial statements, or as non-current assets when the estimated project completion date is more than one year from the date of the consolidated financial statements.

As of March 31, 2013, the Company held eight land properties purchased for future residential development. These properties were recorded at their carrying value of $1,040,000, as land within the non-current assets section of our balance sheet. This compared to eight land properties recorded at their carrying value of $1,028,000 as of December 31, 2012. The Company did not record an impairment to its land carrying value for either of the three months ended March 31, 2013 and 2012.