Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
OPERATING ACTIVITIES:
Net income (loss)	$ 4,587	$ (3,186)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	900	126
Mortgage loan originations	(121,244)	(97,255)
Proceeds from the sale of mortgage loans	135,568	108,587
Fair value adjustment of mortgage loans held for sale	(924)	598
Depreciation	1,317	1,355
Amortization of intangibles, debt discount and debt issue costs	821	587
Stock-based compensation expense	519	434
Deferred income tax expense (benefit)	1,788	(1,140)
Deferred tax asset valuation allowances	(1,788)	1,140
Net loss from property disposals	26	2
Change in assets and liabilities:
Cash held in escrow	(193)	(139)
Inventory	(23,567)	(24,625)
Other assets	1,371	(1,366)
Accounts payable	9,380	(188)
Customer deposits	2,007	4,153
Accrued compensation	(5,959)	(1,500)
Other liabilities	3,949	4,742
Net cash (used in) provided by operating activities	8,558	(7,675)
INVESTING ACTIVITIES:
Change in restricted cash	(621)	27,740
Purchase of property and equipment	(229)	(47)
Investment in Unconsolidated LLCs	(11,852)	(361)
Net cash provided by (used in) investing activities	(12,702)	27,332
FINANCING ACTIVITIES:
Proceeds from issuance of convertible senior subordinated notes	86,250	0
Repayments of bank borrowings - net	(14,831)	(11,026)
(Principal repayments of) proceeds from notes payable-other and CDD bond obligations	(789)	80
Net proceeds from issuance of common shares	54,617	0
Debt issue costs	(3,544)	(1,893)
Proceeds from exercise of stock options	0	367
Net cash (used in) provided by financing activities	121,703	(12,472)
Net increase (decrease) in cash and cash equivalents	117,559	7,185
Cash and cash equivalents balance at beginning of period	145,498	59,793
Cash and cash equivalents balance at end of period	263,057	66,978
SUPPLEMENTAL DISCLOSURE OF CASH PAID DURING THE YEAR:
Interest — net of amount capitalized	(1,112)	(981)
Income taxes	73	80
NON-CASH TRANSACTIONS DURING THE PERIOD
Consolidated inventory not owned	(2,111)	(357)
Reclassification of preferred shares subject to redemption	50,352	0
Distribution of single-family lots from unconsolidated LLC's	$ 1,303	$ 0