Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2012

Fair Value Methods Used For Measuring The Fair Values Of Financial Instruments on Recurring Basis

The following table sets forth the fair values and methods used for measuring the fair values of financial instruments on a recurring basis:

			Fair Value
Financial Instrument	Hierarchy		June 30, 2012		December 31, 2011
			(Dollars in thousands)
Marketable Securities (available-for-sale)
Equity securities		Level 1	$	178,846	$	160,021
Debt securities		Level 2		308,185		359,922
Total available-for-sale securities			$	487,031	$	519,943
Mortgage Loans Held-For-Sale, net		Level 2	$	65,687	$	78,335

Amortized Cost And Estimated Fair Value Of Available-For-Sale Marketable Securities

The following tables set forth the amortized cost and estimated fair value of the Company’s available-for-sale marketable securities.

	June 30, 2012				December 31, 2011
	Amortized Cost		Fair Value		Amortized Cost		Fair Value
	(Dollars in thousands)
Homebuilding:
Equity security	$	183,736	$	178,846	$	169,565	$	160,021
Debt securities		272,797		275,929		323,454		325,413
Total available-for-sale securities	$	456,533	$	454,775	$	493,019	$	485,434
Financial Services:
Total available-for-sale debt securities	$	31,888	$	32,256	$	34,164	$	34,509

Estimated Fair Value Of Senior Notes

Senior Notes: The estimated values of the senior notes in the following table are based on Level 2 inputs, including market prices of bonds in the homebuilding sector.

	June 30, 2012				December 31, 2011
	Carrying Amount		Fair Value		Carrying Amount		Fair Value
	(Dollars in thousands)
5.375% Senior Notes due 2014	$	249,528	$	263,275	$	249,438	$	254,667
5.375% Senior Notes due 2015		249,876		266,058		249,857		252,083
5.625% Senior Notes due 2020		245,066		250,600		244,813		227,467
Total	$	744,470	$	779,933	$	744,108	$	734,217