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

12 Months Ended

Dec. 31, 2015

Investment in Unconsolidated LLCs [Abstract]

Balance Sheets of Unconsolidated Joint Ventures [Table Text Block]

Summarized Condensed Combined Balance Sheets:

	December 31,
(In thousands)	2015		2014
Assets:
Single-family lots, land and land development costs (a) (b)	$	53,754	$	49,987
Other assets	5,499		2,917
Total assets	$	59,253	$	52,904
Liabilities and partners’ equity:
Liabilities:
Notes payable	$	7,025	$	12,153
Other liabilities	2,190		2,887
Total liabilities	9,215		15,040
Partners’ equity:
Company’s equity (a) (b)	$	24,367	$	18,728
Other equity	25,671		19,136
Total partners’ equity	$	50,038	$	37,864
Total liabilities and partners’ equity	$	59,253	$	52,904

(a) For the years ended December 31, 2015 and 2014, impairment expenses and other miscellaneous adjustments totaling $4.8 million and $6.0 million, respectively, were excluded from the table above.

(b) For the years ended December 31, 2015 and 2014, the table above excludes the Company’s investment in joint development arrangements for which a special purpose entity was not established, totaling $17.4 million and $15.0 million, respectively.

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

Summarized Condensed Combined Statements of Operations:

	Year Ended December 31,
(In thousands)	2015		2014		2013
Revenue	$	5,800	$	2,424	$	2,909
Costs and expenses	3,527		1,147		1,763
Income	$	2,273	$	1,277	$	1,146