Note 11 - Revolving Credit Facility and Letter of Credit Facilities	6 Months Ended
Jun. 30, 2013
Line Of Credit Facility [Text Block]
Line Of Credit Facility [Text Block]	11. Revolving Credit Facility and Letter of Credit Facilities As of June 30, 2013, we were party to a $350 million unsecured revolving credit facility (the “Revolving Facility”), of which $320 million matures in October 2015 and $30 million matures in February 2014. The Revolving Facility has an accordion feature under which the aggregate commitment may be increased up to $550 million (subject to the availability of additional bank commitments and certain other conditions). As of June 30, 2013, the Revolving Facility contained financial covenants, including, but not limited to, (i) a minimum consolidated tangible net worth covenant; (ii) a minimum interest coverage ratio; (iii) a maximum net homebuilding leverage ratio and (iv) a maximum land not under development to tangible net worth ratio. This facility also contains a borrowing base provision, which limits the amount we may borrow or keep outstanding under the facility, and also contains a limitation on our investments in joint ventures. Interest rates charged under the Revolving Facility include LIBOR and prime rate pricing options. As of June 30, 2013 we satisfied the conditions that would allow us to borrow up to $317.5 million under the facility and had no amounts outstanding. As of June 30, 2013, we were party to two committed letter of credit facilities totaling $11 million, of which $7.2 million was outstanding. In addition, as of such date, we also had a $30 million uncommitted letter of credit facility, of which $17.8 million was outstanding. These facilities require cash collateralization and have maturity dates ranging from September 2013 to November 2013. As of June 30, 2013 these facilities were secured by cash collateral deposits of $25.3 million. Upon maturity, we may renew or enter into new letter of credit facilities with the same or other financial institutions.

Note 11 - Revolving Credit Facility and Letter of Credit Facilities

6 Months Ended

Jun. 30, 2013

Line Of Credit Facility [Text Block]

11. Revolving Credit Facility and Letter of Credit Facilities

As of June 30, 2013, we were party to a $350 million unsecured revolving credit facility (the “Revolving Facility”), of which $320 million matures in October 2015 and $30 million matures in February 2014. The Revolving Facility has an accordion feature under which the aggregate commitment may be increased up to $550 million (subject to the availability of additional bank commitments and certain other conditions). As of June 30, 2013, the Revolving Facility contained financial covenants, including, but not limited to, (i) a minimum consolidated tangible net worth covenant; (ii) a minimum interest coverage ratio; (iii) a maximum net homebuilding leverage ratio and (iv) a maximum land not under development to tangible net worth ratio. This facility also contains a borrowing base provision, which limits the amount we may borrow or keep outstanding under the facility, and also contains a limitation on our investments in joint ventures. Interest rates charged under the Revolving Facility include LIBOR and prime rate pricing options. As of June 30, 2013 we satisfied the conditions that would allow us to borrow up to $317.5 million under the facility and had no amounts outstanding.

As of June 30, 2013, we were party to two committed letter of credit facilities totaling $11 million, of which $7.2 million was outstanding. In addition, as of such date, we also had a $30 million uncommitted letter of credit facility, of which $17.8 million was outstanding. These facilities require cash collateralization and have maturity dates ranging from September 2013 to November 2013. As of June 30, 2013 these facilities were secured by cash collateral deposits of $25.3 million. Upon maturity, we may renew or enter into new letter of credit facilities with the same or other financial institutions.