Subsequent Events

9 Months Ended

Sep. 30, 2016

Subsequent Events [Abstract]

Subsequent Events

16. Subsequent Events

On November 1, 2016, we acquired a 50% ownership of WJH LLC (which we refer to as “WJH”), which is a successor to Wade Jurney Homes, Inc. and Wade Jurney of Florida, Inc. (which we refer to together as “Wade Jurney”) for $15.0 million.  WJH primarily targets first-time homebuyers in the Southeastern United States. As a result of the transaction, we now own 50%of WJH and Wade Jurney owns the other 50% interest.  Each party contributed an additional$3.0 million in capital to WJH upon its formation. The Company and Wade Jurney will share responsibility for all of WJH’s strategic decisions, with Wade Jurney continuing to manage the day-to-day operations under the existing operating model.