Note 3 - Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2012

Schedule of Segment Reporting Information, by Segment [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(Dollars in thousands)
Homebuilding revenues:
California	$	147,087		$	113,737		$	262,457		$	192,647
Southwest		64,115			47,153			120,234			82,932
Southeast		63,670			43,455			115,883			72,465
Total homebuilding revenues	$	274,872		$	204,345		$	498,574		$	348,044
Homebuilding pretax income (loss):
California	$	8,583		$	(413	)	$	16,715		$	(2,534	)
Southwest		1,947			(3,647	)		2,980			(7,534	)
Southeast		652			(2,385	)		(75	)		(6,104	)
Corporate		696			(4,046	)		(461	)		(7,673	)
Total homebuilding pretax income (loss)	$	11,878		$	(10,491	)	$	19,159		$	(23,845	)
Homebuilding income (loss) from unconsolidated joint ventures:
California	$	(1,099	)	$	(366	)	$	(2,592	)	$	(605	)
Southwest		(8	)		(8	)		(13	)		(16	)
Southeast		(39	)		(5	)		(63	)		(15	)
Total homebuilding income (loss) from unconsolidated joint ventures	$	(1,146	)	$	(379	)	$	(2,668	)	$	(636	)
Inventory impairments:
California	$	―		$	3,837		$	―		$	3,837
Southwest		―			2,122			―			2,122
Southeast		―			―			―			―
Total inventory impairments	$	―		$	5,959		$	―		$	5,959
Restructuring charges:
California	$	―		$	―		$	―		$	424
Southwest		―			―			―			47
Southeast		―			―			―			―
Corporate		―			―			―			90
Total restructuring charges	$	―		$	―		$	―		$	561

Homebuilding Assets and Investments in Unconsolidated Joint Ventures [Table Text Block]

	June 30, 2012		December 31, 2011
	(Dollars in thousands)
Homebuilding assets:
California	$	1,059,857	$	985,560
Southwest		378,258		355,060
Southeast		368,622		294,996
Corporate		344,714		473,971
Total homebuilding assets	$	2,151,451	$	2,109,587
Homebuilding investments in unconsolidated joint ventures:
California	$	81,128	$	76,999
Southwest		2,758		2,770
Southeast		1,579		2,038
Total homebuilding investments in unconsolidated joint ventures	$	85,465	$	81,807