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Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash and cash equivalents $ 249,418 $ 160,095
Inventories:    
Deferred tax asset, net of valuation allowance of $39,697 and $248,306 at June 30, 2013 and December 31, 2012, respectively 184,221  
Total Assets 2,496,542 1,945,441
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 53,798 51,864
Accrued liabilities 137,209 118,456
Mortgage repurchase facility 48,800 76,300
Total Liabilities 1,357,347 1,064,544
Stockholders' Equity    
Preferred stock, $0.01 par value; 25,000,000 shares authorized; none issued or outstanding      
Common stock, $0.01 par value; 250,000,000 shares authorized; 48,869,726 and 48,698,757 issued and outstanding at June 30, 2013 and December 31, 2012, respectively 489 487
Additional paid-in-capital 907,192 896,861
Retained earnings (accumulated deficit) 226,136 (21,289)
Accumulated other comprehensive income 5,378 4,838
Total Stockholders' Equity 1,139,195 880,897
Total Liabilities and Stockholders' Equity 2,496,542 1,945,441
Homebuilding [Member]
   
ASSETS    
Cash and cash equivalents 208,883 129,535
Marketable securities 610,404 519,465
Restricted cash 2,679 1,859
Trade and other receivables 36,676 28,163
Inventories:    
Housing completed or under construction 569,218 512,949
Land and land under development 628,282 489,572
Total inventories 1,197,500 1,002,521
Property and equipment, net 32,184 33,125
Deferred tax asset, net of valuation allowance of $39,697 and $248,306 at June 30, 2013 and December 31, 2012, respectively 184,221  
Other assets 61,103 44,777
Total Assets 2,333,650 1,759,445
LIABILITIES AND EQUITY    
Accounts payable 22,267 73,055
Accrued liabilities 137,209 118,456
Senior notes, net 1,095,225 744,842
Total Liabilities 1,254,701 936,353
Financial Services [Member]
   
ASSETS    
Cash and cash equivalents 40,535 30,560
Marketable securities 24,037 32,473
Mortgage loans held-for-sale, net 92,463 119,953
Inventories:    
Other assets 5,857 3,010
Total Assets 162,892 185,996
LIABILITIES AND EQUITY    
Accounts payable and accrued liabilities 53,798 51,864
Mortgage repurchase facility 48,848 76,327
Total Liabilities $ 102,646 $ 128,191