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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Cash flows from operating activities:    
Net income $ 66,961 $ 53,619
Adjustments to reconcile net income to net cash provided by (used in) operating activities:    
Depreciation and amortization 3,730 3,236
Excess income tax benefit from equity-based compensation (4,709) (21,391)
Equity-based compensation expense 33,173 31,705
Contract land deposit (recoveries) impairments (1,160) 4,069
Gain on sale of loans (21,569) (18,865)
Mortgage loans closed (880,315) (816,908)
Proceeds from sales of mortgage loans 1,001,691 833,579
Principal payments on mortgage loans held for sale 1,612 2,061
Distribution of earnings from unconsolidated joint ventures 805 1,657
Net change in assets and liabilities:    
Increase in inventory (164,327) (103,558)
Increase in contract land deposits (22,770) (32,485)
Increase in receivables (3,005) (487)
Increase in accounts payable, accrued expenses and customer deposits 70,547 29,100
Other, net (8,273) 9,445
Net cash provided by (used in) operating activities 72,391 (25,223)
Cash flows from investing activities:    
Investments in and advances to unconsolidated joint ventures (1,000) (61,600)
Distribution of capital from unconsolidated joint ventures 4,421 7,343
Purchase of property, plant and equipment (5,999) (7,478)
Proceeds from the sale of property, plant and equipment 263 307
Net cash used in investing activities (2,315) (61,428)
Cash flows from financing activities:    
Purchase of treasury stock   (300,885)
Net repayments under note payable and credit lines (565) (744)
Repayments under non-recourse debt related to consolidated variable interest entity (4,375) (3,784)
Borrowings under non-recourse debt related to consolidated variable interest entity 442 2,727
Excess income tax benefit from equity-based compensation 4,709 21,391
Proceeds from the exercise of stock options 42,182 104,592
Net cash provided by (used in) financing activities 42,393 (176,703)
Net increase (decrease) in cash and cash equivalents 112,469 (263,354)
Cash and cash equivalents, beginning of the period 480,794 1,193,750
Cash and cash equivalents, end of the period 593,263 930,396
Supplemental disclosures of cash flow information:    
Interest paid during the period, net of interest capitalized 587 1,056
Income taxes paid during the period, net of refunds $ 15,041 $ 14,033