Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
OPERATING ACTIVITIES:
Net income (loss)	$ 12,632	$ 4,587
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Inventory valuation adjustments and abandoned land transaction write-offs	0	900
Equity in income of unconsolidated joint ventures	(62)	0
Mortgage loan originations	(124,362)	(121,244)
Proceeds from the sale of mortgage loans	153,210	135,568
Fair value adjustment of mortgage loans held for sale	(2,788)	(924)
Depreciation	1,126	1,317
Amortization of intangibles, debt discount and debt issue costs	786	821
Stock-based compensation expense	710	519
Increase (Decrease) in Deferred Income Taxes	5,024	1,788
Deferred tax asset valuation allowances	(5,327)	(1,788)
Change in assets and liabilities:
Cash held in escrow	(44)	(193)
Inventory	(33,250)	(23,567)
Other assets	(645)	1,397
Accounts payable	1,150	9,380
Customer deposits	1,722	2,007
Accrued compensation	(13,034)	(5,959)
Other liabilities	1,049	3,949
Net cash (used in) provided by operating activities	(2,103)	8,558
INVESTING ACTIVITIES:
Change in restricted cash	2,395	(621)
Purchase of property and equipment	(400)	(229)
Investment in unconsolidated joint ventures	(10,874)	(11,852)
Net cash used in investing activities	(8,879)	(12,702)
FINANCING ACTIVITIES:
Repayments of bank borrowings - net	(28,497)	(14,831)
Principal repayments of notes payable-other and CDD bond obligations	(33)	(789)
Dividends paid on preferred shares	(1,219)	0
Net proceeds from issuance of common shares	0	54,617
Debt issue costs	0	(3,544)
Proceeds from exercise of stock options	1,366	0
Net cash (used in) provided by financing activities	(28,383)	121,703
Net increase (decrease) in cash and cash equivalents	(39,365)	117,559
Cash and cash equivalents balance at beginning of period	128,725	145,498
Cash and cash equivalents balance at end of period	89,360	263,057
SUPPLEMENTAL DISCLOSURE OF CASH PAID DURING THE YEAR:
Interest — net of amount capitalized	(209)	(1,112)
Income taxes	765	73
NON-CASH TRANSACTIONS DURING THE PERIOD
Community development district infrastructure	(1,070)	(368)
Consolidated inventory not owned	(148)	(2,111)
Distribution of single-family lots from unconsolidated joint ventures	1,355	1,303
Proceeds from (Repurchase of) Redeemable Preferred Stock	0	50,352
2018 Convertible Senior Notes [Member]
FINANCING ACTIVITIES:
Proceeds from issuance of convertible senior subordinated notes	$ 0	$ 86,250