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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
Homebuilding:        
Home sale revenues $ 274,872 $ 204,236 $ 495,189 $ 347,935
Land sale revenues   109 3,385 109
Total revenues 274,872 204,345 498,574 348,044
Cost of home sales (218,586) (169,433) (394,181) (283,745)
Cost of land sales   (114) (3,366) (114)
Total cost of sales (218,586) (169,547) (397,547) (283,859)
Gross margin 56,286 34,798 101,027 64,185
Selling, general and administrative expenses (41,952) (38,443) (79,644) (70,704)
Loss from unconsolidated joint ventures (1,146) (379) (2,668) (636)
Interest expense (1,617) (7,444) (4,147) (17,959)
Other income (expense) 307 977 4,591 1,269
Homebuilding pretax income (loss) 11,878 (10,491) 19,159 (23,845)
Financial Services:        
Revenues 5,405 2,535 9,031 3,595
Expenses (2,915) (2,429) (5,175) (4,847)
Other income 84 41 147 56
Financial services pretax income (loss) 2,574 147 4,003 (1,196)
Income (loss) before income taxes 14,452 (10,344) 23,162 (25,041)
Provision for income taxes (189) (175) (376) (275)
Net income (loss) 14,263 (10,519) 22,786 (25,316)
Less: Net (income) loss allocated to preferred shareholder (6,130) 4,554 (9,807) 10,968
Less: Net (income) loss allocated to unvested restricted stock (15)   (12)  
Net income (loss) available to common stockholders $ 8,118 $ (5,965) $ 12,967 $ (14,348)
Income (Loss) Per Common Share:        
Basic (in Dollars per share) $ 0.04 $ (0.03) $ 0.07 $ (0.07)
Diluted (in Dollars per share) $ 0.04 $ (0.03) $ 0.06 $ (0.07)
Weighted Average Common Shares Outstanding:        
Basic (in Shares) 195,746,733 193,577,324 195,427,992 193,369,182
Diluted (in Shares) 201,340,622 193,577,324 200,564,039 193,369,182
Weighted average additional common shares outstanding if preferred shares converted to common shares (in Shares) 147,812,786 147,812,786 147,812,786 147,812,786
Total weighted average diluted common shares outstanding if preferred shares converted to common shares (in Shares) 349,153,408 341,390,110 348,376,825 341,181,968