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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Housing Completed or Under Construction [Member]    
Net changes in assets and liabilities:    
Housing completed or under construction $ (115,357,000) $ 4,282,000
Land and Land Under Development [Member]    
Net changes in assets and liabilities:    
Housing completed or under construction 68,311,000 (1,274,000)
Net income 9,563,000 8,420,000
Stock-based compensation expense 2,987,000 875,000
Depreciation and amortization $ 1,073,000 1,083,000
Inventory impairments 350,000
Other than Temporary Impairment Losses, Investments, Portion Recognized in Earnings, Net $ 431,000 0
Loss on sale of marketable securities $ 915,000 11,000
Amortization of discount / premiums on marketable debt securities, net 59,000
Deferred income tax expense $ 1,788,000 4,713,000
Restricted cash 401,000 (1,444,000)
Trade and other receivables (15,251,000) (6,141,000)
Mortgage loans held-for-sale 33,477,000 23,684,000
Prepaid expenses and other assets 911,000 489,000
Accounts payable and accrued liabilities (4,234,000) (19,681,000)
Net cash provided by (used in) operating activities (14,985,000) 15,426,000
Investing Activities:    
Purchases of marketable securities $ (5,482,000) (20,484,000)
Maturities of marketable securities 1,510,000
Sales of marketable securities $ 20,600,000 12,976,000
Purchases of property and equipment (1,944,000) (340,000)
Net cash provided by (used in) investing activities 13,174,000 (6,338,000)
Financing Activities:    
Payments on mortgage repurchase facility, net (28,390,000) (20,785,000)
Dividend payments (12,252,000) (12,213,000)
Net cash used in financing activities (40,642,000) (32,998,000)
Net decrease in cash and cash equivalents (42,453,000) (23,910,000)
Cash and cash equivalents:    
Beginning of period 180,988,000 153,825,000
End of period $ 138,535,000 $ 129,915,000