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

9 Months Ended

Sep. 30, 2012

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

	Three Months Ended September 30,								Nine Months Ended September 30,
	2012				2011				2012				2011
	(Dollars in thousands)
Revenues		$	9,416			$	26,709			$	16,720			$	45,082
Cost of sales and expenses			(8,218	)			(23,944	)			(15,799	)			(39,710	)
Income of unconsolidated joint ventures		$	1,198			$	2,765			$	921			$	5,372
Loss from unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations		$	(39	)		$	(455	)		$	(2,707	)		$	(1,091	)

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

	September 30, 2012		December 31, 2011
	(Dollars in thousands)
Assets:
Cash	$	15,697	$	24,155
Inventories		128,936		230,571
Other assets		10,135		11,190
Total assets	$	154,768	$	265,916
Liabilities and Equity:
Accounts payable and accrued liabilities	$	7,796	$	21,190
Standard Pacific equity		51,194		77,259
Other members' equity		95,778		167,467
Total liabilities and equity	$	154,768	$	265,916
Investments in unconsolidated joint ventures reflected in the accompanying condensed consolidated balance sheets	$	52,630	$	81,807