Investment in Unconsolidated Joint Ventures Investment in Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2014

Investment in Unconsolidated LLCs [Abstract]

Balance Sheets of Unconsolidated Joint Ventures [Table Text Block]

Summarized Condensed Combined Balance Sheets:

	December 31,
(In thousands)	2014		2013
Assets:
Single-family lots, land and land development costs (a) (b)	$	49,987	$	73,069
Other assets	2,917		2,972
Total assets	$	52,904	$	76,041
Liabilities and partners’ equity:
Liabilities:
Notes payable	$	12,153	$	8,022
Other liabilities	2,887		4,041
Total liabilities	15,040		12,063
Partners’ equity:
Company’s equity (a) (b)	$	18,728	$	32,103
Other equity	19,136		31,875
Total partners’ equity	$	37,864	$	63,978
Total liabilities and partners’ equity	$	52,904	$	76,041

(a) For the years ended December 31, 2014 and 2013, impairment expenses and other miscellaneous adjustments totaling $6.0 million and $10.4 million, respectively, were excluded from the table above.

(b) For the years ended December 31, 2014 and 2013, the table above excludes the Company’s investment in joint development arrangements for which a special purpose entity was not established, totaling $15.0 million and $13.5 million, respectively.

Statements of Operations of Unconsolidated Joint Ventures [Table Text Block]

Summarized Condensed Combined Statements of Operations:

	Year Ended December 31,
(In thousands)	2014		2013		2012
Revenue	$	2,424	$	2,909	$	—
Costs and expenses	1,147		1,763		15
Income (loss)	$	1,277	$	1,146	$	(15	)