Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $) In Thousands, unless otherwise specified	6 Months Ended
Jun. 30, 2014	Jun. 30, 2013
Cash Flows From Operating Activities:
Net income	$ 94,622	$ 64,960
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
(Income) loss from unconsolidated joint ventures	899	(1,281)
Cash distributions of income from unconsolidated joint ventures	1,875	3,375
Depreciation and amortization	2,436	1,386
Loss on disposal of property and equipment	1	16
Amortization of stock-based compensation	5,231	3,975
Deferred income tax provision	59,005	21,183
Changes in cash and equivalents due to:
Trade and other receivables	(11,133)	(19,648)
Mortgage loans held for sale	42,574	11,958
Inventories - owned	(316,023)	(230,023)
Inventories - not owned	(14,794)	(9,710)
Other assets	(1,975)	(1,254)
Accounts payable	6,149	(380)
Accrued liabilities	(12,379)	6,239
Net cash provided by (used in) operating activities	(143,512)	(149,204)
Cash Flows From Investing Activities:
Investments in unconsolidated homebuilding joint ventures	(5,677)	(10,752)
Distributions of capital from unconsolidated homebuilding joint ventures	14,808	1,569
Net cash paid for acquisitions	(33,408)	(113,793)
Other investing activities	(1,487)	(3,878)
Net cash provided by (used in) investing activities	(25,764)	(126,854)
Cash Flows From Financing Activities:
Change in restricted cash	(9,925)	2,063
Principal payments on secured project debt and other notes payable	(1,061)	(7,217)
Principal payments on senior notes payable	(4,971)
Net proceeds from (payments on) mortgage credit facilities	(34,288)	4,805
Payment of issuance costs in connection with preferred shareholder equity transactions		(347)
Proceeds from the exercise of stock options	3,769	10,835
Net cash provided by (used in) financing activities	(46,476)	10,139
Net increase (decrease) in cash and equivalents	(215,752)	(265,919)
Cash and equivalents at beginning of period	363,291	346,555
Cash and equivalents at end of period	147,539	80,636
Homebuilding restricted cash at end of period	31,385	25,462
Financial services restricted cash at end of period	1,295	1,795
Cash and equivalents and restricted cash at end of period	$ 180,219	$ 107,893

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Includes currency on hand as well as demand deposits with banks or financial institutions. It also includes other kinds of accounts that have the general characteristics of demand deposits in that the Entity may deposit additional funds at any time and also effectively may withdraw funds at any time without prior notice or penalty. Cash equivalents, excluding items classified as marketable securities, include short-term, highly liquid investments that are both readily convertible to known amounts of cash, and so near their maturity that they present minimal risk of changes in value because of changes in interest rates. Generally, only investments with original maturities of three months or less qualify under that definition. Original maturity means original maturity to the entity holding the investment. For example, both a three-month US Treasury bill and a three-year Treasury note purchased three months from maturity qualify as cash equivalents. However, a Treasury note purchased three years ago does not become a cash equivalent when its remaining maturity is three months. Includes Restricted Cash And Cash Equivalents consisting of the carrying amounts of cash and cash equivalent items which are restricted as to withdrawal or usage. Restrictions may include legally restricted deposits held as compensating balances against borrowing arrangements, contracts entered into with others, or entity statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits. Excludes compensating balance arrangements that are not agreements which legally restrict the use of cash amounts shown on the balance sheet. This element is for unclassified presentations; for classified presentations there is a separate and distinct element.