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Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Millions, unless otherwise specified
6 Months Ended
Mar. 31, 2015
Mar. 31, 2014
OPERATING ACTIVITIES    
Net income $ 290.4us-gaap_ProfitLoss $ 254.1us-gaap_ProfitLoss
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 25.4us-gaap_DepreciationDepletionAndAmortization 16.7us-gaap_DepreciationDepletionAndAmortization
Amortization of discounts and fees 2.7us-gaap_AmortizationOfFinancingCostsAndDiscounts 20.8us-gaap_AmortizationOfFinancingCostsAndDiscounts
Stock based compensation expense 22.4us-gaap_StockOptionPlanExpense 10.8us-gaap_StockOptionPlanExpense
Income tax benefit from employee stock awards (6.7)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities (1.9)us-gaap_ExcessTaxBenefitFromShareBasedCompensationOperatingActivities
Deferred income taxes 17.4us-gaap_IncreaseDecreaseInDeferredIncomeTaxes 16.7us-gaap_IncreaseDecreaseInDeferredIncomeTaxes
Inventory impairments and land option cost write-offs 18.6us-gaap_ImpairmentOfRealEstate 7.1us-gaap_ImpairmentOfRealEstate
Changes in operating assets and liabilities:    
Increase in construction in progress and finished homes (375.6)us-gaap_IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories (336.4)us-gaap_IncreaseDecreaseInFinishedGoodsAndWorkInProcessInventories
(Increase) decrease in residential land and lots - developed, under development, and held for development (71.2)us-gaap_PaymentsToAcquireAndDevelopRealEstate (226.8)us-gaap_PaymentsToAcquireAndDevelopRealEstate
(Increase) decrease in other assets (11.1)us-gaap_IncreaseDecreaseInOtherOperatingAssets 40.2us-gaap_IncreaseDecreaseInOtherOperatingAssets
Increase in mortgage loans held for sale (40.7)us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale 52.6us-gaap_IncreaseDecreaseInMortgageLoansHeldForSale
Increase (decrease) in accounts payable, accrued expenses and other liabilities (40.4)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (119.7)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash used in operating activities (168.8)us-gaap_NetCashProvidedByUsedInOperatingActivities (265.8)us-gaap_NetCashProvidedByUsedInOperatingActivities
INVESTING ACTIVITIES    
Purchases of property and equipment (24.0)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (32.8)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
(Increase) decrease in restricted cash (0.4)us-gaap_IncreaseDecreaseInRestrictedCash (2.0)us-gaap_IncreaseDecreaseInRestrictedCash
Net principal increase of mortgage loans held in portfolio and real estate owned (4.9)us-gaap_PaymentsToAcquireLoansReceivable (1.7)us-gaap_PaymentsToAcquireLoansReceivable
Acquisition of a business 0us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired (34.5)us-gaap_PaymentsToAcquireBusinessesNetOfCashAcquired
Net cash used in investing activities (29.3)us-gaap_NetCashProvidedByUsedInInvestingActivities (71.0)us-gaap_NetCashProvidedByUsedInInvestingActivities
FINANCING ACTIVITIES    
Proceeds from notes payable 1,350.3us-gaap_ProceedsFromNotesPayable 497.0us-gaap_ProceedsFromNotesPayable
Repayment of notes payable (1,098.3)us-gaap_RepaymentsOfNotesPayable (163.6)us-gaap_RepaymentsOfNotesPayable
Proceeds from stock associated with certain employee benefit plans 21.0us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions 29.6us-gaap_ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlansIncludingStockOptions
Income tax benefit from employee stock awards 6.7us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities 1.9us-gaap_ExcessTaxBenefitFromShareBasedCompensationFinancingActivities
Cash dividends paid (45.7)us-gaap_PaymentsOfDividendsCommonStock (12.1)us-gaap_PaymentsOfDividendsCommonStock
Net cash provided by financing activities 234.0us-gaap_NetCashProvidedByUsedInFinancingActivities 352.8us-gaap_NetCashProvidedByUsedInFinancingActivities
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 35.9us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 16.0us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents at beginning of period 661.8us-gaap_CashAndCashEquivalentsAtCarryingValue 977.4us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents at end of period 697.7us-gaap_CashAndCashEquivalentsAtCarryingValue 993.4us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of non-cash activities:    
Notes payable issued for inventory 8.1us-gaap_NotesIssued1 0us-gaap_NotesIssued1
Stock issued under Restricted Stock Unit and Performance Unit Plans $ 8.3us-gaap_StockIssued1 $ 5.5us-gaap_StockIssued1