Consolidated Balance Sheets (USD $) In Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2011	Dec. 31, 2010
Assets
Cash and cash equivalents	$ 755,835	$ 572,225
Marketable securities	646,895	968,729
Restricted cash	604	420
Receivables
Home sales receivables	7,797	8,530
Income taxes receivable		2,048
Other receivables	8,661	9,432
Mortgage loans held-for-sale, net	39,200	65,114
Inventories, net
Housing completed or under construction	336,514	372,422
Land and land under development	524,234	415,237
Property and equipment, net	38,769	40,826
Deferred tax asset, net of valuation allowance of $252,209 and $231,379at June 30, 2011 and December 31, 2010, respectively
Related party assets	7,393	7,393
Prepaid expenses and other assets, net	54,402	85,393
Total Assets	2,420,304	2,547,769
Liabilities
Accounts payable	29,108	35,018
Accrued liabilities		260,729
Income taxes payable	734
Related party liabilities	117	90
Mortgage repurchase facility	8,988	25,434
Senior notes, net	1,243,273	1,242,815
Total Liabilities	1,487,110	1,564,086
Commitments and Contingencies
Stockholders' Equity
Common stock, $0.01 par value; 250,000,000 shares authorized; 47,530,000 and 47,474,000 issued and outstanding, respectively, at June 30, 2011 and 47,198,000 and 47,142,000 issued and outstanding, respectively,at December 31, 2010	475	472
Additional paid-in-capital	839,964	820,237
Retained earnings	87,198	158,749
Accumulated other comprehensive income	6,216	4,884
Treasury stock, at cost; 56,000 shares at June 30, 2011 and December 31, 2010	(659)	(659)
Total Stockholders' Equity	933,194	983,683
Total Liabilities and Stockholders' Equity	$ 2,420,304	$ 2,547,769