Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012
OPERATING ACTIVITIES:
Net income (loss)	$ 137,162	$ 8,332
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	4,237	2,132
Equity in income of unconsolidated joint ventures	(278)	0
Bargain purchase gain	0	(1,219)
Mortgage loan originations	(426,636)	(355,075)
Proceeds from the sale of mortgage loans	439,151	354,443
Fair value adjustment of mortgage loans held for sale	(1,782)	(431)
Depreciation	3,777	4,940
Amortization of intangibles, debt discount and debt issue costs	2,555	1,822
Loss on early extinguishment of debt	1,726	0
Stock-based compensation expense	1,835	1,398
Increase (Decrease) in Deferred Income Taxes	9,190	3,721
Deferred tax asset valuation allowances	(120,836)	(3,721)
Other	0	50
Change in assets and liabilities:
Cash held in escrow	148	(37)
Inventory	(142,642)	(71,236)
Other assets	(2,443)	(4,030)
Accounts payable	38,114	23,016
Customer deposits	4,679	6,604
Accrued compensation	1,767	1,667
Other liabilities	9,840	11,303
Net cash (used in) provided by operating activities	(40,436)	(16,321)
INVESTING ACTIVITIES:
Change in restricted cash	(7,274)	32,391
Purchase of property and equipment	(1,654)	(858)
Return of capital from unconsolidated joint ventures	1,522	0
Acquisition, net of cash acquired	0	(4,707)
Investment in unconsolidated joint ventures	25,496	(949)
Net cash (used in) provided by investing activities	(32,902)	25,877
FINANCING ACTIVITIES:
Repayment of senior notes, including transaction costs	0	(41,443)
Net proceeds from issuance of senior notes	0	29,700
Repayments of bank borrowings - net	(12,343)	2,234
(Principal repayments of) proceeds from notes payable-other and CDD bond obligations	(2,979)	4,968
Dividends paid on preferred shares	(2,438)	0
Net proceeds from issuance of common shares	54,617	42,085
Redemption of preferred shares	(50,352)	0
Debt issue costs	5,463	(5,843)
Proceeds from exercise of stock options	2,640	1,215
Excess tax deficiency from stock-based payment arrangements	383	0
Net cash (used in) provided by financing activities	70,315	90,416
Net increase (decrease) in cash and cash equivalents	(3,023)	99,972
Cash and cash equivalents balance at beginning of period	145,498	59,793
Cash and cash equivalents balance at end of period	142,475	159,765
SUPPLEMENTAL DISCLOSURE OF CASH PAID DURING THE YEAR:
Interest — net of amount capitalized	4,977	5,442
Income taxes	679	280
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(1,215)	(995)
Consolidated inventory not owned	(17,529)	3,608
Distribution of single-family lots from unconsolidated joint ventures	1,912	0
Deferral of executive and director compensation	305
Executive and director deferred compensation distributions	0
2018 Convertible Senior Notes [Member]
FINANCING ACTIVITIES:
Proceeds from issuance of convertible senior subordinated notes	86,250	0
2017 Convertible Senior Notes [Member]
FINANCING ACTIVITIES:
Proceeds from issuance of convertible senior subordinated notes	$ 0	$ 57,500