Variable Interest Entities and Joint Ventures (Tables)

3 Months Ended

Mar. 31, 2012

Variable Interest Entities and Joint Ventures [Abstract]

Total risk related to lot options

	March 31, 2012			December 31, 2011
Contract land deposits	$	209,390		$	202,263
Loss reserve on contract land deposits		(69,062	)		(70,333	)
Contract land deposits, net		140,328			131,930
Contingent obligations in the form of letters of credit		3,390			3,228
Contingent specific performance obligations (1)		8,873			8,526
Total risk of loss	$	152,591		$	143,684

(1) At March 31, 2012 and December 31, 2011, the Company was committed to purchase 100 and 92 finished lots under specific performance obligations, respectively.

The condensed balance sheet of the consolidated JV

	March 31, 2012		December 31, 2011
Cash	$	776	$	462
Restricted cash		513		503
Other assets		126		125
Land under development		16,131		19,092
Total assets	$	17,546	$	20,182
Debt	$	2,348	$	4,983
Accrued expenses		57		108
Equity		15,141		15,091
Total liabilities and equity	$	17,546	$	20,182