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

12 Months Ended

Dec. 31, 2016

Investment in Unconsolidated LLCs [Abstract]

Balance Sheets of Unconsolidated Joint Ventures [Table Text Block]

Summarized Condensed Combined Balance Sheets:

	December 31,
(In thousands)	2016		2015
Assets:
Single-family lots, land and land development costs (a) (b)	$	30,794	$	53,754
Other assets	1,040		5,499
Total assets	$	31,834	$	59,253
Liabilities and partners’ equity:
Liabilities:
Notes payable	$	1,287	$	7,025
Other liabilities	2,723		2,190
Total liabilities	4,010		9,215
Partners’ equity:
Company’s equity (a) (b)	$	16,015	$	24,367
Other equity	11,809		25,671
Total partners’ equity	$	27,824	$	50,038
Total liabilities and partners’ equity	$	31,834	$	59,253

(a) For the years ended December 31, 2016 and 2015, impairment expenses and other miscellaneous adjustments totaling $0.5 million and $4.8 million, respectively, were excluded from the table above.

(b) For the years ended December 31, 2016 and 2015, the table above excludes the Company’s investment in joint development arrangements for which a special purpose entity was not established, totaling $12.5 million and $17.4 million, respectively.

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

Summarized Condensed Combined Statements of Operations:

	Year Ended December 31,
(In thousands)	2016		2015		2014
Revenue	$	5,995	$	5,800	$	2,424
Costs and expenses	5,849		3,527		1,147
Income	$	146	$	2,273	$	1,277