Investment in Joint Venture Arrangements Investment in Joint Venture Arrangements (Tables)

12 Months Ended

Dec. 31, 2017

Investment in Joint Venture Arrangements [Abstract]

Balance Sheets of Joint Venture Arrangements [Table Text Block]

Summarized Condensed Combined Balance Sheets:

	December 31,
(In thousands)	2017		2016
Assets:
Single-family lots, land and land development costs (a) (b)	$	13,289	$	30,794
Other assets	5,143		1,040
Total assets	$	18,432	$	31,834
Liabilities and partners’ equity:
Liabilities:
Notes payable	$	261	$	1,287
Other liabilities	1,544		2,723
Total liabilities	1,805		4,010
Partners’ equity:
Company’s equity (a) (b)	$	8,328	$	16,015
Other equity	8,299		11,809
Total partners’ equity	$	16,627	$	27,824
Total liabilities and partners’ equity	$	18,432	$	31,834

(a) For the years ended December 31, 2017 and 2016, impairment expenses and other miscellaneous adjustments totaling $1.7 million and $0.5 million, respectively, were excluded from the table above.

(b) For the years ended December 31, 2017 and 2016, the table above excludes the Company’s investment in joint development arrangements for which a special purpose entity was not established, totaling $13.9 million and $12.5 million, respectively.

Statements of Operations of Joint Venture Arrangements [Table Text Block]

Summarized Condensed Combined Statements of Operations:

	Year Ended December 31,
(In thousands)	2017		2016		2015
Revenue	$	10,286	$	5,995	$	5,800
Costs and expenses	6,817		5,849		3,527
Income	$	3,469	$	146	$	2,273