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Investment in Joint Venture Arrangements | 12 Months Ended
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Dec. 31, 2017
Investment in Joint Venture Arrangements [Abstract] |
Equity Method Investments Disclosure [Text Block] | Investment in Joint Venture Arrangements The Company has periodically partnered with other land developers or homebuilders to share in the cost of land investment and development of a property through joint ownership and development agreements, joint ventures, and other similar arrangements. For such joint venture arrangements where a special purpose entity is established to own the property, we have determined that we do not have substantive control over any of these entities; therefore, they are recorded using the equity method of accounting. We believe the Company’s maximum exposure related to its investment in these joint venture arrangements as of December 31, 2017 is the total amount invested of $20.5 million which is reported as Investment in Joint Venture Arrangements on our Consolidated Balance Sheets, although we expect to invest further amounts in these joint venture arrangements as development of the properties progresses. The Company evaluates its investment in joint venture arrangements for potential impairment on a quarterly basis. If the fair value of the investment (please see Notes 1 and 3 to our Consolidated Financial Statements) is less than the investment’s carrying value, and the Company determines the decline in value was other than temporary, the Company writes down the investment to fair value. Summarized condensed combined financial information for the joint venture arrangements that are included in the homebuilding segments as of December 31, 2017 and 2016 and for the years ended December 31, 2017, 2016 and 2015 is as follows: Summarized Condensed Combined Balance Sheets:
| December 31,
(In thousands) | 2017 | 2016
Assets: |  |
Single-family lots, land and land development costs (a) (b) | $ | 13,289 |  | $ | 30,794 |
Other assets | 5,143 |  | 1,040 |
Total assets | $ | 18,432 |  | $ | 31,834 |
Liabilities and partners’ equity: |  |
Liabilities: |  |
Notes payable | $ | 261 |  | $ | 1,287 |
Other liabilities | 1,544 |  | 2,723 |
Total liabilities | 1,805 |  | 4,010 |
Partners’ equity: |  |
Company’s equity (a) (b) | $ | 8,328 |  | $ | 16,015 |
Other equity | 8,299 |  | 11,809 |
Total partners’ equity | $ | 16,627 |  | $ | 27,824 |
Total liabilities and partners’ equity | $ | 18,432 |  | $ | 31,834 |
(a) | For the years ended December 31, 2017 and 2016, impairment expenses and other miscellaneous adjustments totaling $1.7 million and $0.5 million, respectively, were excluded from the table above.
(b) | For the years ended December 31, 2017 and 2016, the table above excludes the Company’s investment in joint development arrangements for which a special purpose entity was not established, totaling $13.9 million and $12.5 million, respectively.
Summarized Condensed Combined Statements of Operations:
| Year Ended December 31,
(In thousands) | 2017 | 2016 | 2015
Revenue | $ | 10,286 |  | $ | 5,995 |  | $ | 5,800 |
Costs and expenses | 6,817 |  | 5,849 |  | 3,527 |
Income | $ | 3,469 |  | $ | 146 |  | $ | 2,273 |
The Company’s total equity in the income relating to the above homebuilding joint venture arrangements was $0.5 million for 2017, 2016 and 2015.

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- Definition Investment in Joint Venture Arrangements [Abstract] + References No definition available. + Details
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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -URI http://asc.fasb.org/topic&trid=2196965 + Details
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