Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2012	Mar. 31, 2011
OPERATING ACTIVITIES:
Net Loss	$ (3,186)	$ (17,039)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	126	11,129
Mortgage loan originations	(97,255)	(71,034)
Proceeds from the sale of mortgage loans	108,587	83,195
Fair value adjustment of mortgage loans held for sale	598	(2,031)
Net loss from property disposals	2	35
Depreciation	1,355	1,252
Amortization of intangibles, debt discount and debt issue costs	587	649
Stock-based compensation expense	434	483
Deferred income tax benefit	(1,140)	(6,558)
Deferred tax asset valuation allowance	1,140	6,558
Excess tax benefit from stock-based payment arrangements	0	(369)
Equity in undistributed loss of Unconsolidated LLCs	0	10
Change in assets and liabilities:
Cash held in escrow	(139)	(6,314)
Inventory	(24,625)	(4,226)
Other assets	(1,366)	1,495
Accounts payable	(188)	3,212
Customer deposits	4,153	1,059
Accrued compensation	(1,500)	(2,273)
Other liabilities	4,742	3,394
Net cash (used in) provided by operating activities	(7,675)	2,627
INVESTING ACTIVITIES:
Change in restricted cash	27,740	1,569
Purchase of property and equipment	(47)	(332)
Investment in Unconsolidated LLCs	(361)	(243)
Net cash provided by investing activities	27,332	994
FINANCING ACTIVITIES:
Repayments of bank borrowings - net	(11,026)	(6,173)
Proceeds from (principal repayments of) note payable-other and community development district bond obligations	80	(80)
Debt issue costs	(1,893)	0
Proceeds from exercise of stock options	367	1,416
Excess tax deficiency from stock-based payment arrangements	0	369
Net cash used in financing activities	(12,472)	(4,468)
Net increase (decrease) in cash and cash equivalents	7,185	(847)
Cash and cash equivalents balance at beginning of period	59,793	81,208
Cash and cash equivalents balance at end of period	66,978	80,361
Cash paid during the year for:
Interest — net of amount capitalized	(981)	(1,573)
Income taxes	80	102
NON-CASH TRANSACTIONS DURING THE YEAR:
Community development district infrastructure	(373)	(252)
Consolidated inventory not owned	$ (357)	$ 0