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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:    
Consolidated net income $ 14,866,000 $ 22,714,000
Adjustments:    
Depreciation and amortization 2,574,000 2,862,000
Change in deferred income taxes 717,000 45,000
Equity in earnings of unconsolidated ventures (2,529,000) (9,109,000)
Distributions of earnings of unconsolidated ventures 38,000 12,036,000
Share-based compensation 206,000 2,259,000
Real estate cost of sales 26,118,000 28,438,000
Real estate development and acquisition expenditures, net (260,822,000) (25,623,000)
Reimbursements from utility and improvement districts 2,212,000 4,671,000
Asset impairments 0 37,900,000
Gain on sale of assets (4,064,000) (103,821,000)
Other 1,173,000 2,135,000
Changes in:    
Notes and accounts receivable 2,744,000 912,000
Prepaid expenses, land purchase contract deposits and other (4,202,000) (267,000)
Accounts payable and other accrued liabilities 9,308,000 (8,175,000)
Earnest money deposits on sales contracts 29,683,000 2,040,000
Income taxes (233,000) 19,626,000
Net cash used in operating activities (182,211,000) (11,357,000)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Property, equipment, software and other (48,000) (41,000)
Oil and gas properties and equipment 0 (2,400,000)
Investment in unconsolidated ventures 0 (3,617,000)
Proceeds from sales of assets 228,555,000 130,011,000
Return of investment in unconsolidated ventures 468,000 2,906,000
Net cash provided by investing activities 228,975,000 126,859,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments of debt (541,000) 0
Additions to debt 250,000 770,000
Deferred financing fees 0 (148,000)
Change in restricted cash 17,000 0
Distributions to noncontrolling interests, net (517,000) (100,000)
Exercise of stock options 0 548,000
Payroll taxes on restricted stock and stock options 0 (980,000)
Net cash (used in) provided by financing activities (791,000) 90,000
Net increase in cash and cash equivalents 45,973,000 115,592,000
Cash and cash equivalents at beginning of period 321,783,000 265,798,000
Cash and cash equivalents at end of period $ 367,756,000 $ 381,390,000