Note 9 - Investments in Unconsolidated Land Development and Homebuilding Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2012

Combined Statements of Operations for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]

	Three Months Ended June 30,						Six Months Ended June 30,
	2012			2011			2012			2011
	(Dollars in thousands)
Revenues	$	4,705		$	5,963		$	7,304		$	18,373
Cost of sales and expenses		(4,882	)		(5,302	)		(7,581	)		(15,766	)
Income (loss) of unconsolidated joint ventures	$	(177	)	$	661		$	(277	)	$	2,607
Loss from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	$	(1,146	)	$	(379	)	$	(2,668	)	$	(636	)

Combined Balance Sheets for Unconsolidated Land Development and Homebuilding Joint Ventures [Table Text Block]

	June 30, 2012		December 31, 2011
	(Dollars in thousands)
Assets:
Cash	$	15,988	$	24,155
Inventories		247,162		230,571
Other assets		9,676		11,190
Total assets	$	272,826	$	265,916
Liabilities and Equity:
Accounts payable and accrued liabilities	$	19,608	$	21,190
Standard Pacific equity		77,670		77,259
Other members' equity		175,548		167,467
Total liabilities and equity	$	272,826	$	265,916
Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets	$	85,465	$	81,807