Condensed Consolidated Statements of Cash Flows (USD $) In Thousands	9 Months Ended
	Sep. 30, 2011	Sep. 30, 2010
OPERATING ACTIVITIES:
Net Loss	$ (30,901)	$ (15,212)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	17,424	11,603
Impairment of investment in Unconsolidated LLCs	1,029	0
Mortgage loan originations	(256,708)	(301,419)
Proceeds from the sale of mortgage loans	266,737	305,430
Fair value adjustment of mortgage loans held for sale	(3,383)	(1,479)
Net loss from property disposals	0	7
Depreciation	3,819	3,859
Amortization of intangibles, debt discount and debt issue costs	1,866	1,935
Share-based compensation expense	1,525	2,179
Deferred income tax benefit	(11,657)	(5,684)
Deferred tax asset valuation allowance	11,657	5,684
Excess tax (benefit) expense from stock-based payment arrangements	(165)	14
Equity in undistributed income of Unconsolidated LLCs	0	(155)
Write-off of unamortized debt discount and financing costs	0	311
Change in assets and liabilities:
Cash held in escrow	237	(9,358)
Inventory	(50,618)	(81,562)
Other assets	954	32,617
Accounts payable	16,089	15,601
Customer deposits	2,314	589
Accrued compensation	(703)	(1,141)
Other liabilities	5,918	(6,806)
Net cash used in operating activities	(24,566)	(42,987)
INVESTING ACTIVITIES:
Restricted cash	(4,532)	(16,448)
Purchase of property and equipment	(889)	(1,455)
Acquisition, net of cash acquired	(4,654)	0
Investment in Unconsolidated LLCs	(648)	(661)
Return of investment from Unconsolidated LLCs	0	13
Net cash used in investing activities	(10,723)	(18,551)
FINANCING ACTIVITIES:
Repayments of bank borrowings - net	(539)	(369)
Proceeds from (principal repayments of) note payable-other and community development district bond obligations	4	(246)
Debt issue costs	(220)	(3,874)
Proceeds from exercise of stock options	1,500	5
Excess tax expense (benefit) from stock-based payment arrangements	165	(14)
Net cash provided by (used in) financing activities	910	(4,498)
Net decrease in cash	(34,379)	(66,036)
Cash balance at beginning of period	81,208	109,930
Cash balance at end of period	46,829	43,894
Cash paid during the year for:
Interest — net of amount capitalized	4,208	372
Income taxes	282	274
NON-CASH TRANSACTIONS DURING THE YEAR:
Community development district infrastructure	(764)	(780)
Consolidated inventory not owned	4,132	(616)
Contingent consideration related to acquisition	$ 512	$ 0