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Variable Interest Entities and Joint Ventures (Tables)

6 Months Ended

Jun. 30, 2012

Variable Interest Entities and Joint Ventures [Abstract]

Total risk related to lot options


		June 30, 2012				December 31, 2011

Contract land deposits		$	224,881			$	202,263
Loss reserve on contract land deposits			(69,021	)			(70,333	)

Contract land deposits, net			155,860				131,930

Contingent obligations in the form of letters of credit			3,744				3,228
Contingent specific performance obligations (1)			8,783				8,526

Total risk of loss		$	168,387			$	143,684

(1)	At June 30, 2012 and December 31, 2011, the Company was committed to purchase 96 and 92 finished lots under specific performance obligations, respectively.

The condensed balance sheet of the consolidated JV


		June 30, 2012				December 31, 2011

Cash		$	611			$	462
Restricted cash			504				503
Other assets			127				125
Land under development			15,406				19,092

Total assets		$	16,648			$	20,182


Debt		$	1,050			$	4,983
Accrued expenses			571				108
Equity			15,027				15,091

Total liabilities and equity		$	16,648			$	20,182