Condensed Consolidated Statements of Cash Flows (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities:
Net income	$ 35,041	$ 20,123
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	2,772	1,805
Excess income tax benefit from equity-based compensation	(23,099)	(876)
Equity-based compensation expense	8,063	16,440
Contract land deposit recoveries	(1,012)	(1,037)
Gain on sale of loans	(15,573)	(11,116)
Mortgage loans closed	(434,748)	(384,332)
Proceeds from sales of mortgage loans	509,577	530,526
Principal payments on mortgage loans held for sale	339	1,458
Distribution of earnings from unconsolidated joint ventures		651
Net change in assets and liabilities:
Increase in inventory	(159,852)	(99,635)
Increase in contract land deposits	(666)	(7,361)
(Increase) decrease in receivables	(5,215)	788
Increase in accounts payable, accrued expenses and customer deposits	13,161	32,015
Other, net	(6,881)	(8,611)
Net cash (used in) provided by operating activities	(78,093)	90,838
Cash flows from investing activities:
Investments in and advances to unconsolidated joint ventures	(11,000)
Distribution of capital from unconsolidated joint ventures	333	2,449
Purchase of property, plant and equipment	(3,455)	(2,895)
Proceeds from the sale of property, plant and equipment	116	155
Net cash used in investing activities	(14,006)	(291)
Cash flows from financing activities:
Net repayments under note payable and credit lines	(153)	(426)
Repayments under non-recourse debt related to consolidated variable interest entity	(2,035)	(2,841)
Borrowings under non-recourse debt related to consolidated variable interest entity		206
Excess income tax benefit from equity-based compensation	23,099	876
Proceeds from the exercise of stock options	5,412	6,003
Net cash provided by financing activities	26,323	3,818
Net (decrease) increase in cash and cash equivalents	(65,776)	94,365
Cash and cash equivalents, beginning of the period	1,153,507	480,794
Cash and cash equivalents, end of the period	1,087,731	575,159
Supplemental disclosures of cash flow information:
Interest paid during the period, net of interest capitalized	12,392	318
Income taxes paid during the period, net of refunds	$ 3,242	$ (376)