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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income (loss) $ 30,770 $ (94,911)
Adjustments to reconcile net income (loss) to net cash flows provided by (used in) operating activities:    
Write-down of land and deposits and pre-acquisition costs 9,218 7,486
Depreciation and amortization 14,828 16,973
Stock-based compensation expense 8,886 11,405
Equity in (earnings) loss of unconsolidated entities (3,552) (2,302)
Distributions of earnings from unconsolidated entities 5,782 440
Loss on debt repurchases 0 3,537
Other, net 850 1,156
Increase (decrease) in cash due to:    
Restricted cash (1,215) 307
Inventories 72,222 (180,964)
Residential mortgage loans available-for-sale 23,768 27,590
Other assets 12,020 93,699
Accounts payable, accrued and other liabilities 28,799 (101,337)
Income tax liabilities 9,164 (2,406)
Net cash provided by (used in) operating activities 211,540 (219,327)
Cash flows from investing activities:    
Distributions from unconsolidated entities 2,696 3,856
Investments in unconsolidated entities (858) (3,184)
Net change in loans held for investment 627 519
Change in restricted cash related to letters of credit 16,280 (103,940)
Proceeds from the sale of fixed assets 4,627 9,178
Capital expenditures (6,997) (10,848)
Net cash provided by (used in) investing activities 16,375 (104,419)
Cash flows from financing activities:    
Borrowings (repayments) under credit arrangements 400 (68,831)
Stock repurchases (908) (1,956)
Net cash provided by (used in) financing activities (508) (70,787)
Net increase (decrease) in cash and equivalents 227,407 (394,533)
Cash and equivalents at beginning of period 1,083,071 1,483,390
Cash and equivalents at end of period 1,310,478 1,088,857
Supplemental Cash Flow Information:    
Interest paid (capitalized), net (5,840) (5,915)
Income taxes paid (refunded), net $ (11,756) $ (3,851)