Transactions with Related Parties
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12 Months Ended |
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Dec. 31, 2013
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Transactions with Related Parties [Abstract] | |
Related Party Transactions Disclosure [Text Block] | Transactions with Related Parties The Company made a contribution of $0.8 million in 2013 to the M/I Homes Foundation, a charitable organization having certain officers and directors of the Company on its Board of Trustees. The Company had receivables totaling $0.2 million and $0.7 million at December 31, 2013 and 2012, respectively, due from executive officers, relating to amounts owed to the Company for split-dollar life insurance policy premiums. The Company will collect the receivable either directly from the executive officer, if employment terminates other than by death, or from the executive officer’s beneficiary, if employment terminates due to death of the executive officer. We also have an outstanding loan to one of our unconsolidated joint ventures for $2.5 million in which we are one of the partners in the joint venture. The receivables are recorded in Other Assets on the Consolidated Balance Sheets. |