Shea Homes Limited Partnership Inactive 10-K17 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2013
Document Information [Line Items]	'
Document Type	'10-K
Amendment Flag	'false
Document Period End Date	31-Dec-13
Document Fiscal Year Focus	'2013
Document Fiscal Period Focus	'FY
Entity Registrant Name	'SHEA HOMES LIMITED PARTNERSHIP
Entity Central Index Key	'0001531744
Current Fiscal Year End Date	'--12-31
Entity Well-known Seasoned Issuer	'No
Entity Current Reporting Status	'No
Entity Voluntary Filers	'Yes
Entity Filer Category	'Non-accelerated Filer
Entity Common Stock, Shares Outstanding	0
Entity Public Float	$0

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Assets	'	'	'	'
Cash and cash equivalents	$206,205	$279,756	$268,366	$166,874
Restricted cash	1,189	13,031	'	'
Accounts and other receivables, net	147,499	141,289	'	'
Receivables from related parties, net	32,350	34,028	'	'
Inventory	1,013,272	837,653	'	'
Investments in unconsolidated joint ventures	47,748	28,653	'	'
Other assets, net	57,070	39,127	'	'
Total assets	1,505,333	1,373,537	'	'
Liabilities:	'	'	'	'
Notes payable	751,708	758,209	'	'
Payables to related parties	21	125	'	'
Accounts payable	62,346	62,738	'	'
Other liabilities	245,801	233,218	'	'
Total liabilities	1,059,876	1,054,290	'	'
SHLP equity:	'	'	'	'
Owners' equity	440,268	314,321	'	'
Accumulated other comprehensive income	4,788	4,517	'	'
Total SHLP equity	445,056	318,838	'	'
Non-controlling interests	401	409	'	'
Total equity	445,457	319,247	328,003	432,313
Total liabilities and equity	$1,505,333	$1,373,537	'	'

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Revenues	$930,610	[1]	$680,147	[1]	$587,770
Cost of sales	-709,412		-538,434		-515,578
Gross margin	221,198	[1]	141,713	[1]	72,192
Selling expenses	-54,338		-45,788		-45,251
General and administrative expenses	-50,080		-43,747		-37,374
Equity in income (loss) from unconsolidated joint ventures	-1,104		378		-5,134
Loss on debt extinguishment	0		0		-88,384
Gain (loss) on reinsurance transaction	2,011		-12,013		3,072
Interest expense	-5,071	[2]	-19,862	[2]	-16,806	[2]
Other income (expense), net	-778		9,119		7,374
Income (loss) before income taxes	111,838		29,800		-110,311
Income tax benefit (expense)	14,101		-616		3,069
Net income (loss)	125,939	[1]	29,184	[1]	-107,242
Less: Net (income) loss attributable to non-controlling interests	8		-146		-7,143
Net income (loss) attributable to SHLP	$125,947	[1]	$29,038	[1]	($114,385)

[1]	Some amounts do not add across due to rounding differences in quarterly amounts
[2]	For the eight months ended August 31, 2013 and for the years ended December 31, 2012 and 2011, assets qualifying for interest capitalization were less than debt; therefore, non-qualifying interest was expensed. For the period from September 2013 to December 2013, qualifying assets exceeded debt; therefore, no interest was expensed.

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Loss) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Net income (loss)	$125,939	[1]	$29,184	[1]	($107,242)
Other comprehensive income (loss), before tax	'		'		'
Unrealized investment holding gains (losses) during the year	552		1,569		1,927
Less: Reclassification adjustments for investment (gains) losses included in net income (loss)	-39		-3,976		-344
Comprehensive income (loss), before tax	126,452		26,777		-105,659
Income tax benefit (expense)	-242		532		-554
Comprehensive income (loss), net of tax	126,210		27,309		-106,213
Less: Comprehensive (income) loss attributable to non-controlling interests	8		-146		-7,143
Comprehensive income (loss) attributable to SHLP	$126,218		$27,163		($113,356)

[1]	Some amounts do not add across due to rounding differences in quarterly amounts

Consolidated_Statements_of_Cha

Consolidated Statements of Changes in Equity (USD $)		Total	Members Equity	Accumulated Other Comprehensive Income (Loss)	Parent	Noncontrolling Interest	Limited Partner	Limited Partner	Limited Partner	General Partner
In Thousands, unless otherwise specified		Total	Members Equity	Accumulated Other Comprehensive Income (Loss)	Parent	Noncontrolling Interest	Common Stock	Series B Preferred Stock	Series D Preferred Stock	Common Stock
Beginning Balance at Dec. 31, 2010		$432,313	$406,863	$5,363	$412,226	$20,087	$71,830	$194,240	$121,892	$18,901
Comprehensive income (loss):		'	'	'	'	'	'	'	'	'
Net income (loss)		-107,242	-114,385	0	-114,385	7,143	-73,438	-20,685	-937	-19,325
Change in unrealized gains on investments, net		1,029	0	1,029	1,029	0	0	0	0	0
Comprehensive income (loss), net of tax		-106,213	'	'	-113,356	7,143	'	'	'	'
Contributions from owners and non-controlling interests	[1]	6,041	2,033	0	2,033	4,008	1,609	0	0	424
Distributions to non-controlling interests		-4,138	0	0	0	-4,138	0	0	0	0
Ending Balance at Dec. 31, 2011		328,003	294,511	6,392	300,903	27,100	1	173,555	120,955	0
Comprehensive income (loss):		'	'	'	'	'	'	'	'	'
Net income (loss)		29,184	29,038	0	29,038	146	0	0	29,038	0
Change in unrealized gains on investments, net		-1,875	0	-1,875	-1,875	0	0	0	0	0
Comprehensive income (loss), net of tax		27,309	'	'	27,163	146	'	'	'	'
Contributions from owners and non-controlling interests	[1]	4,098	2,352	0	2,352	1,746	1,862	0	0	490
Distributions to non-controlling interests		-344	0	0	0	-344	0	0	0	0
Redemption of Company's interest in consolidated joint venture (see Note 12)		-39,819	-11,580	0	-11,580	-28,239	0	0	-11,580	0
Ending Balance at Dec. 31, 2012		319,247	314,321	4,517	318,838	409	1,863	173,555	138,413	490
Comprehensive income (loss):		'	'	'	'	'	'	'	'	'
Net income (loss)		125,939	125,947	0	125,947	-8	34,133	43,379	39,453	8,982
Change in unrealized gains on investments, net		271	0	271	271	0	0	0	0	0
Comprehensive income (loss), net of tax		126,210	'	'	126,218	-8	'	'	'	'
Ending Balance at Dec. 31, 2013		$445,457	$440,268	$4,788	$445,056	$401	$35,996	$216,934	$177,866	$9,472

[1]	For the year ended December 31, 2012 and 2011, the Company sold property to related parties under common control and, in accordance with GAAP, $2.4 million and $2.0 million, respectively, of consideration received in excess of net book value was recorded as an equity contribution from its owners.

Consolidated_Statements_of_Cha1

Consolidated Statements of Changes in Equity (Parenthetical) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2012		Dec. 31, 2011
Equity contribution from its owners	$4,098	[1]	$6,041	[1]
Related Parties	'		'
Equity contribution from its owners	$2,400		$2,000

[1]	For the year ended December 31, 2012 and 2011, the Company sold property to related parties under common control and, in accordance with GAAP, $2.4 million and $2.0 million, respectively, of consideration received in excess of net book value was recorded as an equity contribution from its owners.

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Operating activities	'		'		'
Net income (loss)	$125,939	[1]	$29,184	[1]	($107,242)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:	'		'		'
Equity in (income) loss from joint ventures	1,104		-378		2,050
Loss on debt extinguishment	0		0		88,384
(Gain) loss on reinsurance transaction	-2,011		12,013		-3,072
Gain on sale of investment in unconsolidated joint venture	0		0		-5,230
Net gain on sale of available-for-sale investments	-15		-8,806		-565
Reversal of deferred tax asset valuation allowance	-15,630		0		0
Depreciation and amortization expense	10,608		8,638		11,296
Impairment of inventory	0		0		30,600
Impairment of investments in unconsolidated joint ventures	0		0		2,375
Net interest capitalized on investments in unconsolidated joint ventures	-2,278		-849		-667
Distributions of earnings from joint ventures	7,100		1,400		650
Changes in operating assets and liabilities:	'		'		'
Restricted cash	11,842		687		-1,271
Receivables and other assets	-11,192		-17,670		-6,913
Inventory	-185,596		-68,733		31,521
Payables and other liabilities	14,231		38,323		-3,038
Net cash provided by (used in) operating activities	-45,898		-6,191		38,878
Investing activities	'		'		'
Purchase of available-for-sale investments	0		0		-20,205
Proceeds from sale of available-for-sale investments	3,165		26,547		1,724
Proceeds from sale of investments in unconsolidated joint venture	0		0		14,000
Net decrease in promissory notes from related parties	3,335		1,987		107,680
Investments in unconsolidated joint ventures	-25,376		-11,967		-17,281
Distributions of capital from unconsolidated joint ventures	4,072		321		8,012
Purchase of property and equipment	-1,979		-464		-1,846
Proceeds from sale of property and equipment	10		0		12,893
Net cash provided by (used in) investing activities	-16,773		16,424		104,977
Financing activities	'		'		'
Repayments on revolving lines of credit	0		0		-80,448
Issuance of new secured notes	0		0		750,000
Principal payments to financial institutions and others	-10,880		-2,429		-721,953
Accrued interest on notes payable	0		0		1,839
Amortization of notes payable discount	0		0		5,527
Contributions from non-controlling interests	0		1,746		4,008
Distributions to non-controlling interests	0		-344		-3,369
Contributions from owners	0		2,352		2,033
Other financing activities	0		-168		0
Net cash provided by (used in) financing activities	-10,880		1,157		-42,363
Net increase (decrease) in cash and cash equivalents	-73,551		11,390		101,492
Cash and cash equivalents at beginning of year	279,756		268,366		166,874
Cash and cash equivalents at end of year	$206,205		$279,756		$268,366

[1]	Some amounts do not add across due to rounding differences in quarterly amounts

Organization

Organization	12 Months Ended
Organization	Dec. 31, 2013
Organization	'
	1. Organization
	Shea Homes Limited Partnership, a California limited partnership (“SHLP”), was formed January 4, 1989, pursuant to an agreement of partnership (the “Agreement”), as most recently amended August 6, 2013, by and between J.F. Shea, GP, a Delaware general partnership, as general partner, and the Company’s limited partners who are comprised of entities and trusts, including J.F. Shea Co., Inc. (“JFSCI”), under the common control of Shea family members (collectively, the “Partners”). J.F. Shea, GP is 96% owned by JFSCI.
	Nature of Operations
	Our principal business purpose is homebuilding, which includes acquiring and developing land and constructing and selling residential homes thereon. To a lesser degree, we develop lots and sell them to other homebuilders. Our principal markets are California, Arizona, Colorado, Washington, Nevada, Florida, Virginia and Houston, Texas.
	We own a captive insurance company, Partners Insurance Company, Inc. (“PIC”), which provided warranty, general liability, workers’ compensation and completed operations insurance for related companies and third-party subcontractors. Effective for the policy years commencing in 2007, PIC ceased issuing policies for these coverages (see Note 11).

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
Summary of Significant Accounting Policies	Dec. 31, 2013
Summary of Significant Accounting Policies	'
	2. Summary of Significant Accounting Policies

	Basis of Presentation

	The accompanying consolidated financial statements include the accounts of SHLP and its wholly-owned subsidiaries, including Shea Homes, Inc. (“SHI”) and its wholly-owned subsidiaries. The Company consolidates all joint ventures in which it has a controlling interest or other ventures in which it is the primary beneficiary of a variable interest entity (“VIE”). Material intercompany accounts and transactions are eliminated.

	Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” refer to SHLP, its subsidiaries and its consolidated joint ventures.

	Use of Estimates

	Preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires the Company to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Estimates relate primarily to valuation of certain real estate and reserves for self-insured risks. Actual results could differ significantly from those estimates.

	Reclassifications

	Certain reclassifications were made in the 2012 consolidated financial statements to conform to classifications in 2013. At December 31, 2012, investments of $12.1 million and property and equipment of $2.2 million were reclassified to other assets in the consolidated balance sheet.

	Cash and Cash Equivalents

	All highly liquid investments (original maturities of 90 days or less) are considered to be cash equivalents.

	Concentration of Credit Risk

	Financial instruments representing concentrations of credit risk are primarily cash, cash equivalents, investments and insurance receivables.

	Cash in banks exceeded the federally insured limits; cash equivalents comprised primarily of money market securities and securities backed by the U.S. government; and insurance receivables were with highly rated insurers and/or collateralized. We have incurred no losses on deposits of cash and cash equivalents and believe our depository institutions are financially sound and present minimal credit risk.



	Inventory

	We capitalize preacquisition, land, development and other allocated costs, including interest, during development and home construction. Applicable costs incurred after development or construction is substantially complete are charged to selling, general and administrative, and other expenses as appropriate. Preacquisition costs, including non-refundable land deposits, are expensed to other income (expense), net when we determine continuation of the respective project is not probable.

	Land, development and other indirect costs are typically allocated to inventory using a methodology that approximates the relative-sales-value method. Home construction costs are recorded using the specific identification method. Cost of sales for homes closed includes the specific construction costs of each home and all applicable land acquisition, land development and related costs (both incurred and estimated to be incurred) based upon the total number of homes expected to close in each community. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated on a relative-sales-value method to remaining homes in the community.

	Inventory is stated at cost, unless the carrying amount is determined not to be recoverable, in which case inventory is adjusted to fair value or fair value less cost to sell. Quarterly, we review our real estate assets at each community for indicators of impairment. Real estate assets include projects actively selling, under development, held for future development or held for sale. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and prices of comparable homes, significant decreases in gross margins and sales absorption rates, costs in excess of budget, and actual or projected cash flow losses.

	If there are indications of impairment, we analyze the budgets and cash flows of our real estate assets and compare the estimated remaining undiscounted future cash flows of the community to the asset’s carrying value. If the undiscounted cash flows exceed the asset’s carrying value, no impairment adjustment is required. If the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and adjusted to fair value. For land held for sale, if the fair value less costs to sell exceed the asset’s carrying value, no impairment adjustment is required. These impairment evaluations require use of estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if estimated future undiscounted cash flows will be sufficient to recover the asset’s carrying value.

	When estimating undiscounted cash flows of a community, various assumptions are made, including: (i) the number of homes available and the expected prices and incentives offered by us or builders in other communities, and future price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs to date and expected to be incurred, including, but not limited to, land and land development, home construction, interest, indirect construction and overhead, and selling and marketing costs; (iv) alternative product offerings that could impact sales pace, sales price and/or building costs; and (v) alternative uses for the property.

	Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing sales rates have a direct impact on the estimated price of a home, the level of time sensitive costs (such as indirect construction, overhead and interest), and selling and marketing costs (such as model maintenance and advertising). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flows. For example, if our objective is to preserve operating margins, our cash flows will be different than if the objective is to increase sales. These objectives may vary significantly by community over time.

	If assets are considered impaired, the impairment charge is the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets or other valuation techniques. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when the assessment is made. These factors are specific to each community and may vary among communities. The discount rate used in determining each asset’s fair value depends on the community’s projected life and development stage. We generally use discount rates ranging from 10% to 25%, subject to perceived risks associated with the community’s cash flow streams relative to its inventory.

	Completed Operations Claim Costs

	We maintain, and require our subcontractors to maintain, general liability insurance which includes coverage for completed operations losses and damages. Most subcontractors carry this insurance through our “rolling wrap-up” insurance program, where our risks and risks of participating subcontractors are insured through a common set of master policies.

	Completed operations claims reserves primarily represent claims for property damage to completed homes and projects outside of our one- to two-year warranty period. Specific terms and conditions of completed operations warranties vary depending on the market in which homes are closed and can range up to 12 years from the closing of a home.



	We record expenses and liabilities for estimated costs of potential completed operations claims based upon aggregated loss experience, which includes an estimate of completed operations claims incurred but not reported and is actuarially estimated using individual case-basis valuations and statistical analysis. These estimates make up our entire reserve and are subject to a high degree of variability due to uncertainties such as trends in completed operations claims related to our markets and products built, changes in claims reporting and settlement patterns, third party recoveries, insurance industry practices, insurance regulations and legal precedent. Because state regulations vary, completed operations claims are reported and resolved over an extended period, sometimes exceeding twelve years. As a result, actual costs may differ significantly from estimates.

	The actuarial analyses that determine these incurred but not reported claims consider various factors, including frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of these claims and reserves also consider historical third party recovery rates and claims management expenses. Due to inherent uncertainties related to each of these factors, periodic changes to such factors based on updated relevant information could result in actual costs to differ significantly from estimated costs.

	In accordance with our underlying completed operations insurance policies, completed operations claims costs are recoverable from our subcontractors or insurance carriers. Completed operations claims through July 31, 2009 are insured or reinsured with third-party insurance carriers and completed operations claims commencing August 1, 2009 are insured with third-party and affiliate insurance carriers.

	Revenues

	In accordance with Accounting Standards Codification (“ASC”) 360, revenues from housing and other real estate sales are recognized when the respective units close. Housing and other real estate sales close when all conditions of escrow are met, including delivery of the home or other real estate asset, title passage, appropriate consideration is received or collection of associated receivables, if any, is reasonably assured and when we have no other continuing involvement in the asset. Sales incentives are a reduction of revenues when the respective unit is closed.

	Income Taxes

SHLP is treated as a partnership for income tax purposes. As a limited partnership, SHLP is subject to certain minimal state taxes and fees; however, taxes on income realized by SHLP are generally the obligation of the Partners and their owners.

SHI and PIC are C corporations. Federal and state income taxes are provided for these entities in accordance with ASC 740. The provision for, or benefit from, income taxes is calculated using the asset and liability method, whereby deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect the year in which differences are expected to reverse.

Deferred tax assets are evaluated to determine whether a valuation allowance should be established based on our determination of whether it is more likely than not some or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets depends primarily on generation of future taxable income during periods in which those temporary differences become deductible. The assessment of a valuation allowance includes giving appropriate consideration to all positive and negative evidence related to the realization of the deferred tax asset. This assessment considers, among other things, the nature, frequency and severity of current and cumulative losses over recent years, forecasts of future profitability, the duration of statutory carryforward periods, our experience with operating loss and tax credit carryforwards before they expire, and tax planning alternatives. Judgment is required in determining future tax consequences of events that have been recognized in the consolidated financial statements and/or tax returns. Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial position or results of operations.

We follow certain accounting guidance with respect to how uncertain tax positions should be accounted for and disclosed in the consolidated financial statements. The guidance requires the assessment of tax positions taken or expected to be taken in the tax returns and to determine whether the tax positions are “more-likely-than-not” of being sustained upon examination by the applicable tax authority. Tax positions deemed to meet the more-likely-than-not criteria would be recorded as a tax benefit or expense in the current year. We are required to assess open tax years, as defined by the statute of limitations, for all major jurisdictions, including federal and certain states. Open tax years are those that are open for examination by taxing authorities. We have examinations in progress but believe there are no uncertain tax positions that do not meet the more-likely-than-not level of authority (see Note 13).

Advertising Costs

We expense advertising costs as incurred. For the years ended December 31, 2013, 2012 and 2011, we incurred and expensed advertising costs of $7.4 million, $6.6 million and $6.2 million, respectively.



New Accounting Pronouncements

In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, ASU 2013-02 requires an entity to present, either on the face of the income statement or in the notes to financial statements, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about those amounts. The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income in financial statements. For public entities, the amendments in ASU 2013-02 are effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted ASU 2013-02 effective January 1, 2013, which concerned disclosure requirements only and did not impact our consolidated financial statements.

Restricted_Cash

Restricted Cash	12 Months Ended
Restricted Cash	Dec. 31, 2013
Restricted Cash	'
	3. Restricted Cash
	At December 31, 2013, restricted cash included customer deposits temporarily restricted in accordance with regulatory requirements and cash used in lieu of bonds. In addition, at December 31, 2012, $10.0 million of restricted cash included cash used as collateral for potential obligations paid by the Company’s bank. In January 2013, this $10.0 million of restricted cash was released to the Company. At December 31, 2013 and December 31, 2012, restricted cash was $1.2 million and $13.0 million, respectively.

Fair_Value_Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures	'
	4. Fair Value Disclosures
	At December 31, 2013 and 2012, as required by ASC 825, the following presents net book values and estimated fair values of notes payable:


		December 31, 2013				December 31, 2012
		Net Book		Estimated		Net Book		Estimated
		Value		Fair Value		Value		Fair Value
		(In thousands)
	$750,000 8.625% senior secured notes due May 2019	$	750,000	$	830,625	$	750,000	$	828,750
	Secured promissory notes	$	1,708	$	1,708	$	8,209	$	8,209
	The $750.0 million 8.625% senior secured notes due May 2019 (the “Secured Notes”) are level 2 financial instruments in which fair value was based on quoted market prices in an inactive market at the end of the year.
	Other financial instruments consist primarily of cash and cash equivalents, restricted cash, accounts and other receivables, accounts payable and other liabilities and secured promissory notes. Book values of these financial instruments approximate fair value due to their relatively short-term nature. In addition, included in other assets are available-for-sale marketable securities, which are recorded at fair value.

Accounts_and_Other_Receivables

Accounts and Other Receivables, Net	12 Months Ended
Accounts and Other Receivables, Net	Dec. 31, 2013
Accounts and Other Receivables, Net	'
	5. Accounts and Other Receivables, Net
	At December 31, 2013 and 2012, accounts and other receivables, net were as follows:


		December 31,
		2013			2012
		(In thousands)
	Insurance receivables	$	138,610		$	131,519
	Escrow receivables		586			576
	Notes receivables		3,155			3,662
	Development receivables		3,093			3,325
	Other receivables		4,031			4,147
	Reserve		(1,976	)		(1,940	)

	Total accounts and other receivables, net	$	147,499		$	141,289

	Insurance receivables are from insurance carriers for reimbursable claims pertaining to resultant damage from construction defects on closed homes (see Note 11). Closed homes for policy years August 1, 2001 to July 31, 2009 are insured or reinsured with third-party insurance carriers, and closed homes for policy years commencing August 1, 2009 are insured with third-party and affiliate insurance carriers. At December 31, 2013 and 2012, insurance receivables from affiliate insurance carriers were $44.0 million and $30.2 million, respectively.
	We reserve for uncollectible receivables that are specifically identified.

Inventory

Inventory	12 Months Ended
Inventory	Dec. 31, 2013
Inventory	'
	6. Inventory
	At December 31, 2013 and 2012, inventory was as follows:


			December 31,
			2013				2012
			(In thousands)
	Model homes		$	87,728			$	69,210
	Completed homes for sale			20,285				14,015
	Homes under construction			257,662				189,929
	Lots available for construction			342,622				249,463
	Land under development			122,257				175,922
	Land held for future development			70,618				60,466
	Land held for sale, including water system connection rights			79,102				71,381
	Land deposits and preacquisition costs			32,998				7,267

	Total inventory		$	1,013,272			$	837,653

	Model homes, completed homes for sale and homes under construction include all costs associated with home construction, including land, development, indirects, permits and vertical construction. Lots available for construction include costs incurred prior to home construction such as land, development, indirects and permits. Land under development includes costs incurred during site development such as land, development, indirects and permits. Land under development transfers to lots available for construction once site development is complete and is ready for vertical construction. Land is classified as held for future development if no significant development has occurred. Land held for sale, including water system connection rights, represents residential and commercial land designated for sale, as well as water system connection rights held that will be transferred to homebuyers upon closing of their home, transferred upon sale of land to the respective buyer, sold or leased.
	Impairment
	Inventory, including the captions above, are stated at cost, unless the carrying amount is determined to be unrecoverable, in which case inventories are adjusted to fair value or fair value less costs to sell (see Note 2).
	For the years ended December 31, 2013, 2012 and 2011, inventory impairment charges were as follows:


			Years Ended December 31,
			2013				2012				2011
			(Dollars in thousands)
	Inventory impairment charge		$	0			$	0			$	30,600

	Remaining carrying value of inventory impaired at end of year		$	0			$	0			$	27,427

	Projects impaired			0				0				10

	Projects evaluated for impairment (a)			126				132				131


	(a)	Large land parcels not subdivided into communities are counted as one project. Once parcels are subdivided, the project count will increase accordingly.
	Write-off of Deposits and Preacquisition Costs
	Land deposits and preacquisition costs for potential acquisitions and land option contracts are included in inventory. When a potential acquisition or land option contract is abandoned, related deposits and preacquisition costs are written off to other income (expense), net. For the years ended December 31, 2013, 2012 and 2011, write-offs of deposits and preacquisition costs were $1.4 million, $2.0 million and $0.2 million, respectively.
	Interest Capitalization
	Interest is capitalized to inventory and investments in unconsolidated joint ventures during development and other qualifying activities. Interest capitalized as a cost of inventory is included in cost of sales as related units close. Interest capitalized to investments in unconsolidated joint ventures is included in equity in income (loss) from unconsolidated joint ventures when related units in the joint ventures close.

	For the years ended December 31, 2013, 2012 and 2011, interest incurred, capitalized and expensed was as follows:


			Years Ended December 31,
			2013				2012				2011
			(In thousands)
	Interest incurred		$	67,048			$	66,857			$	69,961

	Interest expensed (a)		$	5,071			$	19,862			$	16,806


	Interest capitalized as a cost of inventory during the year		$	59,699			$	46,146			$	51,840

	Interest previously capitalized as a cost of inventory, included in cost of sales		$	(60,448	)		$	(54,733	)		$	(45,944	)

	Interest previously capitalized as a cost of inventory, transferred to property and equipment and from investments in joint ventures, net		$	0			$	0			$	(411	)

	Interest capitalized in ending inventory (b)		$	102,100			$	102,849			$	111,436


	Interest capitalized as a cost of investments in joint ventures during the year		$	2,278			$	849			$	1,315

Interest previously capitalized as a cost of investments in joint ventures, included in equity in income (loss) from joint ventures		$	(1,189	)		$	(849	)		$	(1,619	)

Interest previously capitalized as a cost of investments in joint ventures, transferred to inventory		$	0			$	0			$	(642	)

Interest capitalized in ending investments in joint ventures		$	1,089			$	0			$	0


(a)	For the eight months ended August 31, 2013 and for the years ended December 31, 2012 and 2011, assets qualifying for interest capitalization were less than debt; therefore, non-qualifying interest was expensed. For the period from September 2013 to December 2013, qualifying assets exceeded debt; therefore, no interest was expensed.
(b)	Inventory impairment charges were recorded against total inventory of the respective community. Capitalized interest reflects the gross amount of capitalized interest as impairment charges recognized were generally not allocated to specific components of inventory.
Model Homes Costs
Certain costs of model homes are capitalized and subsequently amortized as selling expense when the related units in the respective communities close. For the years ended December 31, 2013, 2012 and 2011, amortized model homes costs were $10.3 million, $8.2 million and $9.9 million, respectively.

Investments_in_Unconsolidated_

Investments in Unconsolidated Joint Ventures	12 Months Ended
Investments in Unconsolidated Joint Ventures	Dec. 31, 2013
Investments in Unconsolidated Joint Ventures	'
	7. Investments in Unconsolidated Joint Ventures
	Unconsolidated joint ventures, which we do not control but have significant influence through ownership interests generally up to 50%, are accounted for using the equity method of accounting. These joint ventures are generally involved in real property development. Earnings and losses are allocated in accordance with terms of joint venture agreements.
	Losses and distributions from joint ventures in excess of the carrying amount of our investment (“Deficit Distributions”) are included in other liabilities. We record Deficit Distributions since we are liable for this deficit to the respective joint ventures. Deficit Distributions are offset by future earnings of, or future contributions to, the joint ventures. At December 31, 2013 and 2012, Deficit Distributions were $0.4 million and $0.7 million, respectively.
	For the year ended December 31, 2011, impairment charges on investments in joint ventures were $2.4 million and included in equity in income (loss) from joint ventures.

	At December 31, 2013 and 2012, and for the years ended December 31, 2013, 2012 and 2011, condensed financial information for our unconsolidated joint ventures was as follows:
	Condensed Balance Sheet Information


			December 31,
			2013				2012
			(In thousands)
	Assets
	Real estate inventory		$	267,460			$	121,446
	Other assets			130,840				52,143

	Total assets		$	398,300			$	173,589

	Liabilities and equity
	Notes payable		$	78,589			$	76,957
	Other liabilities			99,395				16,435

	Total liabilities			177,984				93,392
	Equity:
	The Company (a)			47,397				27,937
	Others			172,919				52,260

	Total equity			220,316				80,197

	Total liabilities and equity		$	398,300			$	173,589

	Condensed Income Statement Information


			Years Ended December 31,
			2013				2012			2011
			(In thousands)
	Revenues		$	90,743			$	46,586		$	41,530
	Expenses			(85,594	)			(48,079	)		(58,189	)

	Net income (loss)			5,149				(1,493	)		(16,659	)

	The Company’s share of net income (loss)		$	(1,104	)		$	378		$	(5,134	)


	(a)	At December 31, 2013 and 2012, includes Deficit Distributions of $0.4 million and $0.7 million, respectively.
	At December 31, 2013 and 2012, total unconsolidated joint ventures’ notes payable consisted of the following:


			December 31,
			2013				2012
			(In thousands)
	Bank and seller notes payable:
	Guaranteed (subject to remargin obligations)		$	52,515			$	45,610
	Non-Guaranteed			10,073				22,894

	Total bank and seller notes payable (a)			62,588				68,504

	Partner notes payable (b):
	Unsecured			16,001				8,453

	Total unconsolidated joint venture notes payable		$	78,589			$	76,957

Other unconsolidated joint venture notes payable(c)		$	55,441			$	57,839


(a)	All bank and seller notes were secured by real property.
(b)	No guarantees were provided on partner notes payables. In January 2014, a $3.2 million partner note from one joint venture was paid off.
(c)	Through indirect effective ownership in two joint ventures of 12.3% and 0.0003%, respectively, that had bank notes payable secured by real property in which we have not provided any guaranty.

At December 31, 2013 and 2012, remargin obligations and guarantees provided on debt of our unconsolidated joint ventures were on a joint and/or several basis and include, but are not limited to, project completion, interest and carry, and loan-to-value maintenance guarantees.
For a joint venture, RRWS, LLC (“RRWS”), we have a remargin obligation that is limited to the lesser of 50% of the outstanding balances or $35.0 million in total for the joint venture loans, which outstanding loan balances at December 31, 2013 and 2012 were $47.7 million and $45.6 million, respectively. Consequently, our maximum remargin obligation at December 31, 2013 and 2012 was $23.8 million and $22.8 million, respectively. We also have an indemnification agreement where we could potentially recover a portion of any remargin payments made by the Company. However, we cannot provide assurance we could collect under this indemnity agreement.
For a second joint venture, Polo Estates Ventures, LLC (“Polo”), in 2013 we issued a joint and several remargin guarantee on loan obligations, which in total at December 31, 2013 were $4.8 million. At December 31, 2013, the total maximum borrowings permitted on these loans were $21.6 million. We also have reimbursement rights where we could potentially recover a portion of any remargin payments made by the Company. However, we cannot provide assurance we could collect such reimbursements.
No liabilities were recorded for these guarantees at December 31, 2013 and 2012 as the fair value of the secured real estate assets exceeded the threshold at which a remargin payment would be required.
Our ability to make joint venture and other restricted payments and investments is governed by the Indenture governing the Secured Notes (the “Indenture”). We are permitted to make otherwise restricted payments under (i) a $70.0 million revolving basket available solely for joint venture investments and (ii) a broader restricted payment basket available as long as our Consolidated Fixed Charge Coverage Ratio (as defined in the Indenture) is at least 2.0 to 1.0. The aggregate amount of restricted payments made under this broader restricted payment basket cannot exceed 50% of our cumulative Consolidated Net Income (as defined in the Indenture) generated from and including October 1, 2013 plus the aggregate net cash proceeds of, and the fair market value of, any property or other asset received by the Company as a capital contribution or upon the issuance of indebtedness or certain securities by the Company from and including October 1, 2013, plus, to the extent not included in Consolidated Net Income, certain amounts received in connection with dispositions, distributions or repayments of restricted investments, plus the value of any unrestricted subsidiary which is redesignated as a restricted subsidiary under the Indenture. We have joint ventures which have used, and are expected to use, capacity under these restricted payment baskets. During the second quarter of 2013, we entered into a joint venture in Southern California and committed to contribute up to $45.0 million of capital. At December 31, 2013, we made aggregate capital contributions of $15.1 million to this joint venture.

Variable_Interest_Entities

Variable Interest Entities	12 Months Ended
Variable Interest Entities	Dec. 31, 2013
Variable Interest Entities	'
	8. Variable Interest Entities
	ASC 810 requires a VIE to be consolidated in the financial statements of a company if it is the primary beneficiary of the VIE. Accordingly, the primary beneficiary has the power to direct activities of the VIE that most significantly impact the VIE’s economic performance, and the obligation to absorb its losses or the right to receive its benefits. All VIEs with which we were involved at December 31, 2013 and 2012 were evaluated to determine the primary beneficiary.
	Joint Ventures
	We enter into joint ventures for homebuilding and land development activities. Investments in these joint ventures may create a variable interest in a VIE, depending on contractual terms of the venture. We analyze our joint ventures in accordance with ASC 810 to determine whether they are VIEs and, if so, whether we are the primary beneficiary. At December 31, 2013 and 2012, these joint ventures were not consolidated in our consolidated financial statements since they were not VIEs, or if they were VIEs, we were not the primary beneficiary.
	At December 31, 2013 and 2012, we had a variable interest in an unconsolidated joint venture determined to be a VIE. The joint venture, RRWS, was formed in December 2012 and is owned 50% by the Company and 50% by a third-party real estate developer (the “RRWS Partner”). Several acquisition, development and construction loans were entered into by RRWS, each with two-year terms and options to extend for one year, subject to certain conditions. Each loan is cross collateralized and cross defaulted with the other loan. The Company and RRWS Partner each executed limited completion, interest and carry guarantees and environmental indemnities on a joint and several basis. In addition, the Company and RRWS Partner executed loan-to-value maintenance agreements for each loan on a joint and several basis. The Company has a maximum aggregate liability under the re-margin arrangements of the lesser of 50% of the outstanding balances or $35.0 million in total. Obligations of the Company and RRWS Partner under the re-margin arrangements are limited during the first two years of the loans. In addition to re-margin arrangements, the RRWS Partner, and several of its principals, executed repayment guarantees with no limit on their liability. At December 31, 2013 and 2012, outstanding bank notes payable were $47.7 million and $45.6 million, respectively, of which the Company has a maximum remargin obligation of $23.8 million and $22.8 million, respectively. The Company also has an indemnification agreement, under which the Company could potentially recover a portion of any remargin payments made by the Company. However, the Company cannot provide assurance it could collect under this indemnity agreement.

	At December 31, 2013 and 2012, we had a variable interest in a second unconsolidated joint venture determined to be a VIE. The joint venture, Polo, was formed in November 2012 and is owned 50% by the Company and 50% by a third-party investor (“Polo Partner”). Polo entered into acquisition, development and construction loans in July 2013 with two-year terms and options to extend for one year, subject to certain conditions. Each loan is cross collateralized and cross defaulted with the other loans. The Company and Polo Partner each issued loan-to-value maintenance arrangements for each loan on a joint and several basis. At December 31, 2013, outstanding bank notes payable were $4.8 million and total maximum borrowings permitted on these loans were $21.6 million. The Company also has reimbursement rights where the Company could potentially recover a portion of any remargin payments made by the Company. However, the Company cannot provide assurance it could collect such reimbursements.
	In accordance with ASC 810, we determined we were not the primary beneficiaries of RRWS and Polo because we did not have the power to direct activities that most significantly impact the economic performance of RRWS and Polo, such as determining or limiting the scope or purpose of the respective entity, selling or transferring property owned or controlled by the respective entity, and arranging financing for the respective entity.
	Land Option Contracts
	We enter into land option contracts to procure land for home construction. Use of land option and similar contracts allows us to reduce market risks associated with direct land ownership and development, reduces capital and financial commitments, including interest and other carrying costs, and minimizes land inventory. Under these contracts, we pay a specified deposit for the right to purchase land, usually at a predetermined price. Under the requirements of ASC 810, certain contracts may create a variable interest with the land seller.
	In accordance with ASC 810, we analyzed our land option and similar contracts to determine if respective land sellers are VIEs and, if so, if we are the primary beneficiary. Although we do not have legal title to the optioned land, ASC 810 requires us to consolidate a VIE if we are the primary beneficiary. At December 31, 2013 and 2012, we determined we were not the primary beneficiary of such VIEs because we did not have the power to direct activities of the VIE that most significantly impact the VIE’s economic performance, such as selling, transferring or developing land owned by the VIE.
	At December 31, 2013, we had $1.5 million of refundable and non-refundable cash deposits associated with land option contracts with unconsolidated VIEs, having a $72.7 million remaining purchase price. We also had $19.5 million of refundable and non-refundable cash deposits associated with land option contracts that were not with VIEs, having a $349.6 million remaining purchase price.
	Our loss exposure on land option contracts consists of non-refundable deposits, which were $6.9 million and $5.0 million at December 31, 2013 and 2012, respectively, and capitalized preacquisition costs of $12.0 million and $2.0 million, respectively, which were included in inventory in the consolidated balance sheets.

Other_Assets_Net

Other Assets, Net	12 Months Ended
Other Assets, Net	Dec. 31, 2013
Other Assets, Net	'
	9. Other Assets, Net
	At December 31, 2013 and 2012, other assets were as follows:


		December 31,
		2013		2012
		(In thousands)
	Income tax receivable	$	2,199	$	3,497
	Deferred tax asset (see Note 13)		16,337		0
	Investments		9,439		12,078
	Property and equipment, net		4,103		2,237
	Capitalized loan origination fees		11,089		10,140
	Prepaid bank fees		152		403
	Deposits in lieu of bonds and letters of credit		10,294		7,110
	Prepaid insurance		2,460		2,148
	Other		997		1,515

	Total other assets, net	$	57,070	$	39,127


	Investments
	Investments consist of available-for-sale securities, primarily private debt obligations, and are measured at fair value, which is based on quoted market prices or cash flow models. Accordingly, unrealized gains and temporary losses on investments, net of tax, are reported as accumulated other comprehensive income (loss). Realized gains and losses are determined using the specific identification method.
	For the years ended December 31, 2013 and 2012, there were $0.1 million and $8.8 million of realized gains on available-for-sale securities.
	Capitalized Loan Origination Fees
	In accordance with ASC 470, these amounts are loan origination fees, which are amortized as interest over the term of the related debt and, in 2013, include $2.5 million paid to obtain senior secured note holder consent for a secured revolving credit facility executed in February 2014 (see Note 21).
	Deposits in Lieu of Bonds and Letters of Credit
	We are required to make cash deposits in lieu of bonds with various agencies for some of our homebuilding projects. These deposits may be returned as the collateral requirements decrease or they are replaced with new bonds.

Notes_Payable

Notes Payable	12 Months Ended
Notes Payable	Dec. 31, 2013
Notes Payable	'
	10. Notes Payable
	At December 31, 2013 and 2012, notes payable were as follows:


		December 31,
		2013		2012
		(In thousands)
	$750.0 million 8.625% senior secured notes, due May 2019	$	750,000	$	750,000
	Promissory notes, interest ranging from 1% to 6%, maturing through 2014, secured by deeds of trust on inventory		1,708		8,209

	Total notes payable	$	751,708	$	758,209

	On May 10, 2011, our Secured Notes were issued in the aggregate principal amount of $750.0 million and the outstanding obligations of the Company’s secured revolving lines of credit and notes payable (the “Secured Facilities”) were paid off and terminated. Principal and interest paid in 2011under the Secured Facilities was $779.6 million and $2.5 million, respectively. Concurrent with the payoff of the Secured Facilities, an $88.4 million loss on debt extinguishment was recognized, which included a $65.0 million write-off of the discount related to the Secured Facilities, which increased the principal to its face value of $779.6 million, and a $23.4 million write-off of prepaid professional and loan fees incurred in connection with the Secured Facilities. All payable-in-kind interest, $5.0 million of principal and certain fees were waived, all of which were netted against the $88.4 million charge. In addition, of the $19.1 million of then outstanding letters of credit, $4.0 million were returned and $15.1 million were paid by the Company, of which $14.5 million was reimbursed by JFSCI for its share of the letters of credit paid by the Company.
	The Secured Notes bear interest at 8.625% paid semi-annually on May 15 and November 15, and do not require principal payments until maturity on May 15, 2019. The Secured Notes are redeemable, in whole or in part, at the Company’s option beginning on May 15, 2015 at a price of 104.313 per bond, reducing to 102.156 on May 15, 2016 and are redeemable at par beginning on May 15, 2017. At December 31, 2013 and 2012, accrued interest was $8.1 million and $8.1 million, respectively.
	The Indenture governing the Secured Notes contains covenants that limit, among other things, our ability to incur additional indebtedness (including the issuance of certain preferred stock), pay dividends and distributions on our equity interests, repurchase our equity interests, retire unsecured or subordinated notes more than one year prior to their maturity, make investments in subsidiaries and joint ventures that are not restricted subsidiaries that guarantee the Secured Notes, sell certain assets, incur liens, merge with or into other companies, expand into unrelated businesses, and enter into certain transactions with our affiliates. At December 31, 2013 and 2012, we were in compliance with these covenants.

Other_Liabilities

Other Liabilities	12 Months Ended
Other Liabilities	Dec. 31, 2013
Other Liabilities	'
	11. Other Liabilities
	At December 31, 2013 and 2012, other liabilities were as follows:


		December 31,
		2013			2012
		(In thousands)
	Completed operations reserves	$	138,610		$	131,519
	Warranty reserves		20,648			17,749
	Deferred revenue/gain		30,036			30,902
	Provisions for closed homes/communities		10,591			8,135
	Deposits (primarily homebuyer)		14,281			15,684
	Legal reserves		4,576			4,916
	Accrued interest		8,086			8,086
	Accrued compensation and benefits		9,389			4,697
	Distributions payable		2,531			2,892
	Deficit Distributions (see Note 7)		351			716
	Other		6,702			7,922

	Total other liabilities	$	245,801		$	233,218

	Completed Operations Reserves
	Reserves for completed operations primarily represent claims for property damage to completed homes and projects outside of our one-to-two year warranty period. Specific terms and conditions of completed operations claims vary depending on the market in which homes close and can range up to 12 years from the close of a home. Expenses and liabilities are recorded for potential completed operations claims based upon aggregated loss experience, which includes an estimate of completed operations claims incurred but not reported, and is actuarially estimated using individual case-based valuations and statistical analysis. For policy years from August 1, 2001 through the present, completed operations claims are insured through a combination of third-party and affiliate insurance carriers.
	For the years ended December 31, 2013, 2012 and 2011, changes in completed operations reserves were as follows:


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
	Insured completed operations
	Balance, beginning of the year	$	131,519		$	109,390		$	102,860
	Reserves provided		19,002			40,087			1,160
	Insurance purchased (see below)		0			0			16,520
	Claims paid		(11,911	)		(17,958	)		(11,150	)

	Balance, end of the year		138,610			131,519			109,390

	Self-insured completed operations
	Balance, beginning of the year		0			0			15,613
	Reserves provided		0			0			907
	Insurance purchased		0			0			(16,520	)

	Balance, end of the year		0			0			0

	Total completed operations reserves	$	138,610		$	131,519		$	109,390

	Reserves provided for completed operations are generally fully offset by changes in insurance receivables (see Note 5); however, premiums paid for completed operations insurance policies are included in cost of sales. For actual completed operations claims and estimates of completed operations claims incurred but not reported, we estimate and record corresponding insurance receivables under applicable policies when recovery is probable. At December 31, 2013 and 2012, insurance receivables were $138.6 million and $131.5 million, respectively.
	Expenses, liabilities and receivables related to these claims are subject to a high degree of variability due to uncertainties such as trends in completed operations claims related to our markets and products built, claim settlement patterns and insurance industry practices. Although considerable variability is inherent in such estimates, we believe reserves for completed operations claims are adequate.

	Warranty Reserve
	We offer a limited one or two year warranty for our homes. Specific terms and conditions of these warranties vary depending on the market in which homes close. We estimate warranty costs to be incurred and record a liability and a charge to cost of sales when home revenue is recognized. We also include in our warranty reserve uncovered losses related to completed operations coverage, which approximates 12.5% of the total property damage estimate. Factors affecting warranty liability include number of homes closed, historical and anticipated warranty claims, and cost per claim history and trends. We periodically assess adequacy of our warranty liabilities and adjust amounts as necessary.
	For the years ended December 31, 2013, 2012 and 2011, changes in warranty liability were as follows:


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
	Balance, beginning of the year	$	17,749		$	17,358		$	16,238
	Provision for warranties		11,188			8,958			9,636
	Warranty costs paid		(8,289	)		(8,567	)		(8,516	)

	Balance, end of the year	$	20,648		$	17,749		$	17,358

Deferred Revenue/Gain
Deferred revenue/gain represents deferred revenues or profit on transactions where an insufficient down payment was received or a future performance, passage of time or event is required. At December 31, 2013 and 2012, deferred revenue/gain primarily represents the PIC Transaction described below.
Completed operations claims were insured through PIC for policy years August 1, 2001 to July 31, 2007. In December 2009, PIC entered into a series of novation and reinsurance transactions (the “PIC Transaction”).
First, PIC entered into a novation agreement with JFSCI to novate its deductible reimbursement obligations related to its workers’ compensation and general liability risks at September 30, 2009 for policy years August 1, 2001 to July 31, 2007, and its completed operations risks from August 1, 2005 to July 31, 2007. Concurrently, JFSCI entered into insurance arrangements with unrelated third party insurance carriers to insure these policies. As a result of this novation, a $19.2 million gain was generated but was deferred and to be recognized as income when related claims are paid. In addition, the deferred gain may be increased or decreased based on changes in actuarial estimates. Any changes to the deferred gain will be recognized as a current period gain or charge. At December 31, 2013 and 2012, the unamortized deferred gain was $18.9 million and $20.3 million, respectively. For the years ended December 31, 2013, 2012 and 2011, we recognized $1.4 million, $(4.7) million and $1.0 million, respectively, of this deferral as income (expense), which was included in gain (loss) on reinsurance transaction, and includes both the impact of income recognized from claims paid as well as income or expense from increases or decreases to the deferred gain from changes in actuarial estimates.
Second, PIC entered into reinsurance agreements with unrelated reinsurers that reinsured 100% of the completed operations risks from August 1, 2001 to July 31, 2005. As a result of the reinsurance, a $15.6 million gain was generated but was deferred and to be recognized as income when the related claims are paid. In addition, the deferred gain may be increased or decreased based on changes in actuarial estimates. Any changes to the deferred gain will be recognized as a current period gain or charge. At December 31, 2013 and 2012, the unamortized deferred gain was $7.8 million and $8.4 million, respectively. For the years ended December 31, 2013, 2012, and 2011, we recognized $0.6 million, $(7.3) million and $2.1 million, respectively, of this deferral as income (expense), which was included in gain (loss) on reinsurance transaction, and includes both the impact of income recognized from claims paid as well as income or expense from increases or decreases to the deferred gain from changes in actuarial estimates.
As a result of the PIC Transaction, if the estimated ultimate loss to be paid under these policies exceeds the policy limits under the novation and reinsurance transactions, the shortfall is expected to be funded by JFSCI for the policies novated to JFSCI and by PIC for the policies they reinsured.
Distributions Payable
In December 2011, our consolidated joint venture, Vistancia, LLC, sold its remaining interest in an unconsolidated joint venture (the “Vistancia Sale”). As a result of the Vistancia Sale, since no other assets of Vistancia, LLC economically benefit the former non-controlling member of Vistancia, LLC, the Company recorded the remaining $3.3 million distribution payable to this member, which is paid $0.1 million quarterly. At December 31, 2013 and 2012, the distribution payable was $2.5 million and $2.9 million, respectively.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
Related Party Transactions	Dec. 31, 2013
Related Party Transactions	'
	12. Related Party Transactions
	Related Party Receivables and Payables
	At December 31, 2013 and 2012, receivables from related parties, net were as follows:


		December 31,
		2013			2012
		(In thousands)
	Note receivables from JFSCI	$	21,588		$	24,498
	Note receivables from unconsolidated joint ventures		1,037			268
	Note receivables from related parties		18,822			19,940
	Reserves for note receivables from related parties		(12,842	)		(12,766	)
	Receivables from related parties		3,745			2,088

	Total receivables from related parties, net	$	32,350		$	34,028

	In May 2011, concurrent with issuance of the Secured Notes, the previous unsecured receivable from JFSCI was partially paid down and the balance converted to a $38.9 million unsecured term note receivable, bearing 4% interest, payable in equal quarterly installments and maturing May 15, 2019. During 2013 and 2012, JFSCI elected to make prepayments, including accrued interest, of $3.8 million and $1.9 million, respectively, and applied these prepayments to future installments such that JFSCI would not be required to make a payment until February 2015. At December 31, 2013 and 2012, the note receivable from JFSCI, including accrued interest, was $21.6 million and $24.5 million, respectively. Quarterly, we evaluate collectability of the note receivable from JFSCI, which includes consideration of JFSCI’s payment history, operating performance and future payment requirements under the note. Based on these criteria, and as JFSCI applied prepayments under the note to defer future installments until February 2015, we do not anticipate collection risks on the note receivable from JFSCI.
	At December 31, 2013 and 2012, notes receivable from unconsolidated joint ventures, including accrued interest, were $1.0 million and $0.3 million, respectively. These notes receivable bear interest ranging from 8% to 12% and mature in 2020. Further, the note bearing 8% interest can earn additional interest to achieve a 17.5% internal rate of return, subject to available cash flows of the joint venture, and can be repaid prior to 2020. Quarterly, we evaluate collectability of these notes, which includes consideration of prior payment history, operating performance and future payment requirements under the applicable note. Based on these criteria, we do not anticipate collection risks on these notes.
	At December 31, 2013 and 2012, notes receivable from other related parties, including accrued interest, were $6.0 million and $7.2 million, respectively, net of related reserves of $12.8 million and $12.8 million, respectively. These notes are unsecured and mature from August 2016 through April 2021. At December 31, 2013 and 2012, these notes bore interest ranging from Prime less 0.75% (2.5%) to Prime plus 1% (4.25%). Quarterly, we evaluate collectability of these notes which includes consideration of prior payment history, operating performance and future payment requirements under the applicable notes. Based on these criteria, two notes receivable were deemed uncollectible and fully reserved. We do not anticipate collection risks on the other notes.
	The Company, entities under common control and certain unconsolidated joint ventures also engage in transactions on behalf of the other, such as payment of invoices and payroll. Amounts resulting from these transactions are recorded in receivables from related parties or payables to related parties, are non-interest bearing, due on demand and generally paid monthly. At December 31, 2013 and 2012, these receivables were $3.7 million and $2.1 million, respectively, and these payables were $0.1 million and $0.1 million, respectively.
	Real Property and Joint Venture Transactions
	Redemption or Purchase of Interest in Joint Venture
	In March 2012, the Company’s entire 58% interest in Shea Colorado, LLC (“SCLLC”), a consolidated joint venture with Shea Properties II, LLC, a related party and the non-controlling member, was redeemed by SCLLC. In valuing its 58% interest in SCLLC, and to ensure receipt of net assets of equal value to its ownership interest, the Company used third-party real estate appraisals. The estimated fair value of the assets received by the Company was $30.8 million. However, as the non-controlling member is a related party under common control, the assets and liabilities received by the Company were recorded at net book value and the difference in the Company’s investment in SCLLC and the net book value of the assets and liabilities received was recorded as a reduction to the Company’s equity.

	As consideration for the redemption, SCLLC distributed assets and liabilities to the Company having a net book value of $24.0 million, including $2.2 million of cash, a $3.0 million secured note receivable, $20.0 million of inventory and $1.2 million of other liabilities. As a result of this redemption, effective March 31, 2012, SCLLC is no longer included in these consolidated financial statements. This transaction resulted in a net reduction of $41.8 million in assets and $2.0 million in liabilities, and a $39.8 million reduction in total equity, of which $11.6 million was attributable to the Company’s equity and $28.2 million was attributable to non-controlling interests.
	In December 2011, Vistancia, LLC, a consolidated joint venture, sold its remaining interest in an unconsolidated joint venture to the joint venture partner for $14.0 million, of which $3.0 million was distributed to non-controlling interests (the “Vistancia Sale”). We realized a $5.2 million gain, of which $5.9 million was included in other income (expense), net and $0.7 million of interest expense previously capitalized to our investment was written off to equity in income (loss) from joint ventures. In addition, as no other assets of Vistancia, LLC economically benefit the non-controlling member, the Company recorded the remaining $3.3 million distribution payable to this member, which is included in other liabilities in the consolidated balance sheets with a corresponding charge to other income (expense), net in the consolidated statements of operations. In May 2012, for a nominal amount, SHLP purchased the non-controlling member’s entire 16.7% interest in Vistancia, LLC; however, the distribution payable remained, which is paid $0.1 million quarterly. At December 31, 2013 and 2012, the distribution payable was $2.5 million and $2.9 million, respectively (see Note 11).
	As a condition of the Vistancia Sale, and the purchase of the non-controlling member’s remaining interest in Vistancia, LLC, the Company effectively remains a 10% guarantor on certain community facility district bond obligations to which the Company must meet a minimum calculated tangible net worth; otherwise, the Company is required to fund collateral to the bond issuer. At December 31, 2013 and 2012, the Company exceeded the minimum tangible net worth requirement.
	Other Real Property and Joint Venture Transactions
	In October 2012, the Company sold land in Colorado to a related party for $4.6 million. As the related party is under common control, the $2.4 million of net sales proceeds received in excess of the net book value of the land sold was recorded as an equity contribution.
	In November 2011, through our consolidated joint venture SCLLC, we sold land in Colorado to a related party for $0.8 million. As the related party is under common control, the $0.5 million of consideration received in excess of net book value was recorded as an equity contribution.
	In September 2011, we sold fixed assets in Colorado, comprised of three buildings and related improvements and land, to a related party. Consideration received was $14.4 million cash and a $6.5 million note receivable at 4.2% interest, payable in equal monthly installments and maturing August 2016. As the related party is under common control, the $1.5 million of consideration received in excess of net book value was recorded as an equity contribution.
	In April 2011, through our consolidated joint venture SCLLC, we entered into transactions with the joint venture partner of two unconsolidated joint ventures in Colorado, in which we have a 50% ownership interest in each, SB Meridian Villages, LLC (“SBMV”) and TCD Bradbury LLC (“TCDB”). First, we assigned our membership interest in SBMV to our joint venture partner for $4.5 million, resulting in a $0.5 million gain. Second, we contributed $11.5 million in cash to TCDB and received $15.4 million of land with a $0.6 million secured promissory note payable, and the joint venture partner received $12.2 million of land and $6.5 million of cash. TCDB then paid off a bank note payable that was secured by the land distributed to the TCDB partners.
	At December 31, 2013 and 2012, we were the managing member for ten unconsolidated joint ventures and received management fees from these joint ventures as reimbursement for direct and overhead costs incurred on behalf of the joint ventures and other associated costs. Fees from these unconsolidated joint ventures representing reimbursement of our costs are recorded as a reduction of general and administrative expense. Fees from these unconsolidated joint ventures representing amounts in excess of our costs are recorded as revenues. For the years ended December 31, 2013, 2012 and 2011, $8.0 million, $4.3 million and $3.6 million of management fees, respectively, were offset against general and administrative expenses, and $0.5 million, $0.2 million and $1.7 million of management fees, respectively, were included in revenues.
	Other Related Party Transactions
	JFSCI provides corporate services to us, including services for management, legal, tax, information technology, risk management, facilities, accounting, treasury and human resources. For the years ended December 31, 2013, 2012 and 2011, general and administrative expenses included $20.3 million, $18.1 million and $16.4 million, respectively, for corporate services provided by JFSCI.

	We obtain workers compensation insurance, commercial general liability insurance and insurance for completed operations losses and damages with respect to our homebuilding operations from affiliate and unrelated third-party insurance providers. These policies are purchased by affiliate entities and we pay premiums to these affiliates for the coverage provided by these third party and affiliate insurance providers. Policies covering these risks are written at various coverage levels but include a large self-insured retention or deductible. We have retention liability insurance from affiliated entities to insure these large retentions or deductibles. For the years ended December 31, 2013, 2012 and 2011, amounts paid to affiliates for this retention insurance coverage were $14.1 million, $13.1 million and $12.9 million, respectively.

Income_Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2013
Income Taxes	'
	13. Income Taxes

	Income Tax Benefit (Expense)

	For the years ended December 31, 2013, 2012 and 2011, major components of the income tax benefit (expense) were as follows:




			Years Ended December 31,
			2013				2012			2011
			(In thousands)
	Current:
	Federal		$	0			$	0		$	3,000
	State			(1,766	)			(78	)		140

	Total current			(1,766	)			(78	)		3,140
	Deferred:
	Federal			13,385				(532	)		603
	State			2,482				(6	)		(674	)

	Total deferred			15,867				(538	)		(71	)

	Total income tax benefit (expense)		$	14,101			$	(616	)	$	3,069

	Reconciliation of Expected Income Tax Benefit (Expense)

	For the years ended December 31, 2013, 2012 and 2011, the effective tax rate differed from the 35% federal statutory rate due to the following:




			Years Ended December 31,
			2013				2012			2011
			(Dollars in thousands)
	Income (loss) before income taxes		$	111,838			$	29,800		$	(110,311	)

	Income tax benefit (expense) computed at statutory rate		$	(39,143	)		$	(10,430	)	$	38,609
	Increase (decrease) resulting from:
	Non-taxable entities income (loss) (a)			25,275				7,134			(36,195	)
	State taxes, net of federal income tax benefit			(1,901	)			(1,045	)		613
	Small insurance company election (831b)			198				(2,583	)		(24	)
	Write-off of deferred tax assets			0				0			(9,500	)
	Change in valuation allowance for deferred tax assets			32,223				5,461			10,648
	Other, net			(2,551	)			847			(1,082	)

	Total income tax benefit (expense)		$	14,101			$	(616	)	$	3,069

	Effective tax rate			(12.6	)%			2.1	%		2.8	%



	(a)	Non-taxable entities represent income or loss related to non-controlling interests and consolidated limited partnerships and limited liability companies in which the taxable income or loss is reflected on the respective partners’ tax return.


	Deferred Income Taxes

	At December 31, 2013 and 2012, the tax effects of temporary differences that give rise to significant portions of deferred taxes were as follows:




			December 31,
		2013				2012
		(In thousands)
Deferred tax assets:
Housing and land inventory basis differences		$	8,746			$	12,389
Available loss carryforwards			7,696				19,322
Impairment of inventory and investments			782				2,366
Other			1,166				2,797

Total deferred tax assets			18,390				36,874
Deferred tax liabilities
Income recognition			(1,544	)			(4,142	)

Total deferred tax liabilities			(1,544	)			(4,142	)

Subtotal			16,846				32,732
Valuation allowance			(509	)			(32,732	)

Net deferred tax assets		$	16,337			$	0

Due to a change in ownership of Foundation Administration Services Corp. in 2001, NOL carryforwards utilized in a given year to offset future taxable income are subject to an annual limitation of approximately $4.6 million pursuant to Section 382 of the Internal Revenue Code. As a result of this annual limitation, available NOL carryforwards have been reduced by the amount expected to expire. At December 31, 2013, SHI had NOL carryforwards of approximately $18.8 million, net, that expire by 2018 and are subject to annual limitations of $4.6 million.

Valuation Allowance

In accordance with ASC 740, deferred tax assets are evaluated to determine if valuation allowances are required. ASC 740 requires companies to assess valuation allowances based on evidence using a “more-likely-than-not” standard. A valuation allowance reflects the estimated amount of deferred tax assets that may not be realized due to inherent uncertainty of future income from homebuilding operations of SHI and potential expiration of net operating loss (the “NOL”) carryforwards. The deferred tax asset amount considered realizable may change in the future, depending on profitability.

Because of the continued annual pretax losses for SHI through the year ended December 31, 2009, the Company determined it was more-likely-than-not that at December 31, 2009, the net deferred tax assets of $51.9 million would not be realized. Accordingly, for the year ended December 31, 2009, the deferred tax asset valuation allowance increased $32.7 million to fully reserve the net deferred tax asset. At December 2011 and 2010, our assessment of deferred tax assets was consistent with 2009 and the net deferred tax asset of $38.2 million and $48.8 million, respectively, remained fully reserved. For the year ended December 31, 2012, SHI generated pretax income for the first time since 2007, a result of the beginning of a housing industry recovery. However, since we only returned to profitability in 2012 and the housing recovery being in its early stages, the $32.7 million net deferred tax assets at December 31, 2012 remained fully reserved.

At December 31, 2013, the Company determined it was more-likely-than-not most of the net deferred tax assets would be realized, which, during the fourth quarter, resulted in a $15.6 million reversal of the valuation allowance on its deferred tax assets. The Company evaluated positive and negative evidence, such as financial performance, as the case may be, to determine its ability to realize its deferred tax assets. In its evaluation, the Company gave more weight to objective evidence, such as sales backlog, compared to subjective evidence, such as tax planning strategies. Also, significant weight was given to evidence directly related to the Company’s recent financial performance, such as customer traffic at its communities and cancellation rates, compared to indirect evidence, such as mortgage interest rates, or less recent evidence.

At December 31, 2013, in evaluating the valuation allowance, the Company gave more weight to its improving financial results in 2013, especially growth in pre-tax income, gross margins and backlog sales value. The Company also estimated that if its pre-tax income continued, the NOLs would be realized before they expire in 2018. Additionally, the Company considered the subjective, direct positive evidence of improving market fundamentals and its plan to open new communities.



Prior to December 31, 2013, the Company gave substantial weight to its losses incurred during the housing downturn in addition to other negative, indirect evidence, such as weakness in the economy, consumer confidence and housing market and a more restrictive mortgage lending environment.

At December 31, 2013, the valuation allowance relates to capital losses that expire in 2016 and 2017, and the impairment of debt securities that mature in 2021 and 2022. It is unknown if these deferred tax assets will be realized.

Uncertain Tax Positions

In 2009, we filed a petition with the United States Tax Court (the “Tax Court”) regarding our position on the completed contract method (“CCM”) of accounting for homebuilding operations. During 2010 and 2011, we engaged in formal and informal discovery with the IRS and the Tax Court heard trial testimony in July 2012 and ordered the Company and IRS to exchange briefs, which were filed. On February 12, 2014, the Tax Court ruled in favor of the Company (the “Tax Court Decision”). Pursuant to the ruling, the Company is permitted to continue to report income and loss from the sale of homes in its planned developments using CCM. As a result, no additional tax, interest or penalties are currently due and owing by the Company or the Partners. The Tax Court Decision is subject to appeal by the IRS to the U.S. Court of Appeals for the Ninth Circuit. The IRS must elect whether to appeal within 90 days after the Tax Court enters a decision document, which has not occurred.

If the Tax Court Decision is appealed, we believe our position would prevail and, accordingly, have not recorded a liability for related taxes or interest for SHI. Furthermore, as a limited partnership, income taxes, interest or penalties imposed on SHLP are the Partners’ responsibility and are not reflected in the tax provision in these consolidated financial statements. However, if the Tax Court Decision is overturned, SHI could be obligated to pay the IRS and applicable state taxing authorities up to $65 million and, under the Tax Distribution Agreement, SHLP could be obligated to make a distribution to the Partners up to $108 million to fund their related payments to the IRS and the applicable state taxing authorities. However, the Indenture provides the amount we may pay on behalf of SHI and distribute to the partners of SHLP for this matter may not exceed $70.0 million. Any potential shortfall would be absorbed by the SHLP Partners.

In 2014, the Company anticipates filing Form 3115 with the IRS to change its tax accounting method of how it records certain expenses on its tax returns. As the Company believes it is more-likely-than-not the change will be approved by the IRS, the Company will reflect this tax accounting method in preparing its 2014 tax provision and, accordingly, this change may increase its effective tax rate.

Owners_Equity

Owners' Equity	12 Months Ended
Owners' Equity	Dec. 31, 2013
Owners' Equity	'
	14. Owners’ Equity
	Owners’ equity consists of partners’ preferred and common capital. Common capital is comprised of limited partners with a collective 78.38% ownership and a general partner with a 20.62% ownership. Preferred capital is comprised of limited partners with either series B (“Series B”) or series D (“Series D”) classification. Series B holders have no ownership interest but earn a preferred return at Prime less 2.05% per annum through December 31, 2012 (1.2% at December 31, 2012) on unreturned preferred capital balances and Series D holders have a 1% ownership interest and earn a preferred return at 7% per annum through December 31, 2012 on unreturned preferred capital balances. In August 2013, the Agreement was amended and the rates on the Series B and Series D were changed, effective January 1, 2013. Series B earns a rate of 1.2% from January 1, 2013 to December 31, 2016, 2.25% from January 1, 2017 to December 31, 2020, and Prime less 2.05% from January 1, 2021 and thereafter on unreturned capital balances. Series D earns a rate of 2.0% from January 1, 2013 to December 31, 2016, 12.75% from January 1, 2017 to December 31, 2020, and 7.0% from January 1, 2021 and thereafter on unreturned capital balances. At December 31, 2013 and 2012, accumulated undistributed preferred returns for Series B holders were $22.7 million and $20.8 million, respectively. At December 31, 2013 and 2012, accumulated undistributed preferred returns for Series D holders were $56.6 million and $52.8 million, respectively.
	Net income is allocated to Partners in a priority order that considers previously allocated net losses and preferred return considerations and, thereafter, in proportion to their respective ownership interests. Net loss is allocated in a priority order to Partners generally in proportion to their ownership interests and adjusted capital account balances, and, thereafter, to the general partner.
	The general partner, in its sole discretion, may make additional capital contributions or accept additional capital contributions from the limited partners. Cash distributions are made to Partners in proportion to their unpaid preferred returns, unreturned capital and, thereafter, in proportion to their ownership interests. Distributions to Partners are made at the discretion of the general partner, including payment of personal income taxes related to the Company. In addition, distributions to Partners from other entities under control of Shea family members, such as JFSCI, can be used for payment of personal incomes taxes related to the Company and other uses.

Retirement_Savings_and_Deferre

Retirement Savings and Deferred Compensation Plans	12 Months Ended
Retirement Savings and Deferred Compensation Plans	Dec. 31, 2013
Retirement Savings and Deferred Compensation Plans	'
	15. Retirement Savings and Deferred Compensation Plans
	401(k) Retirement Savings Plan
	JFSCI, on our behalf, maintains a 401(k) Retirement Savings Plan that includes a profit sharing component covering all eligible employees. The plan includes employer participation in accordance with provisions of Section 401(k) of the Internal Revenue Code. The plan allows participants to make pre-tax contributions. On a discretionary basis, we may match employee contributions up to a percentage of the employee’s salary as determined by the Company. The profit sharing portion of the plan is discretionary and non-contributory, allowing us to make additional contributions based on a percentage of the employee’s salary as determined by the Company. All amounts contributed to the plan are deposited into a trust fund administered by independent trustees. For the years ended December 31, 2013 and 2012, matching 401(k) contributions were $0.5 million and $0.5 million, respectively, which represented 50 cents on each dollar, up to the first 6% of the employee’s base salary, subject to a cap, for a maximum of 3%, less forfeitures; there were no matching 401(k) contributions for the year ended December 31, 2011. For the year ended December 31, 2013, profit sharing contributions were $0.9 million, which represented 3% of the employee’s base salary, subject to a cap. For the years ended December 31, 2012 and 2011, there were no profit sharing contributions.
	Deferred Compensation Plan
	JFSCI, on our behalf, maintains a non-qualified Deferred Compensation Plan. The plan allows participants to defer up to 80% of base salary, 80% of commissions and 100% of bonus in a deferred account. Deferred amounts may be invested in a variety of investment funds. On behalf of each participant, on a discretionary basis, we may contribute to a separate account comprised of investment funds that correspond to such participant’s deferred account. The plan is designed to comply with Section 409A of the Internal Revenue Code. Deferred amounts may be distributed to each participant upon a separation from service, death, disability, on a scheduled withdrawal date, or with committee approval in the event of unforeseen circumstances. For the years ended December 31, 2013, 2012 and 2011, we made no contributions under the plan.
	Shea Homes Appreciation Rights Plan
	On August 8, 2012, the Company adopted, effective January 1, 2012, the Shea Homes Appreciation Rights Plan (the “SHAR Plan”), an equity appreciation plan designed to provide employees and non-employee service providers a financial incentive to contribute to the Company’s long-term success. The SHAR Plan provides for the issuance of units representing the right to receive payment, generally at the time such units vest, based on the increase in book value, as defined, of SHLP’s equity between the time of the units Effective Date and when the units vest. The board of directors of J.F. Shea Construction Management, Inc., our ultimate general partner, administers the SHAR Plan and has the authority to make all determinations thereunder including participants, valuations, amount and timing of grants, vesting criteria, amount and timing of payments (including interim payments), modifications and termination.
	On August 8, 2012, the directors approved the SHAR Plan 2012 Grant (the “2012 Grant”), effective January 1, 2012 (the “2012 Effective Date”). Pursuant to the 2012 Grant, 1,021,947 units were issued at a stipulated base value of $10.00 per unit. The units issued pursuant to the 2012 Grant vest four years after the 2012 Effective Date. Subject to participant service eligibility requirements, appreciation in the value of the units during this period is payable to participants when such units vest. However, as a further incentive to participants, the directors concurrently approved annual interim payments of the 2012 Grant only, payable to participants in March 2013, 2014 and 2015. Upon vesting, for each eligible participant, interim payments will be offset against the full appreciation of these units and the resultant net amount payable to participant, if any, will be paid upon vesting, which occurs in March 2016.
	On August 6, 2013, the directors approved the SHAR Plan 2013 Grant (the “2013 Grant”), effective January 1, 2013 (the “2013 Effective Date”). Pursuant to the 2013 Grant, 463,388 units were issued at a stipulated base value of $10.60 per unit. The units issued pursuant to the 2013 Grant vest four years after the 2013 Effective Date. Subject to participant service eligibility requirements, appreciation in the value of the units during this period is payable to participants when such units vest, which occurs in March 2017.
	At December 31, 2013 and 2012, the Company accrued $4.2 million and $1.1 million, respectively, for this plan.

Contingencies_and_Commitments

Contingencies and Commitments	12 Months Ended
Contingencies and Commitments	Dec. 31, 2013
Contingencies and Commitments	'
	16. Contingencies and Commitments
	At December 31, 2013 and 2012, certain unrecorded contingent liabilities and commitments were as follows:


		December 31,
		2013		2012
		(In thousands)
	Tax Court CCM case (capped at $70.0 million, see Note 13)	$	70,000	$	70,000
	Remargin obligations for unconsolidated joint venture loans (see Note 7)		28,684		22,805
	Outstanding letters of credit		0		4,216
	Costs to complete on surety bonds for Company projects		77,276		85,490
	Costs to complete on surety bonds for joint venture projects		22,845		30,804
	Costs to complete on surety bonds for related party projects		1,614		2,311
	Water system connection rights purchase obligation		30,506		33,615
	Lease payment obligations to third parties		4,539		3,806
	Lease payment obligations to related parties		6,487		4,352

	Total unrecorded contingent liabilities and commitments	$	241,951	$	257,399

	Legal Claims
	Lawsuits, claims and proceedings have been and will likely be instituted or asserted against us in the normal course of business, including actions brought on behalf of various classes of claimants. We are also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, employment practices and environmental protection. As a result, we are subject to periodic examinations or inquiry by agencies administering these laws and regulations.
	We record a reserve for potential legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable, and are based on specific facts and circumstances, and we revise these estimates when necessary. At December 31, 2013 and 2012, we had reserves of $4.6 million and $4.9 million, respectively, net of expected recoveries, relating to these claims and matters, and while their outcome cannot be predicted with certainty, we believe we have appropriately reserved for them. However, if the liability arising from their resolution exceeds their recorded reserves, we could incur additional charges that could be significant.
	Due to the inherent difficulty of predicting outcomes of legal claims and related contingencies, we generally cannot predict their ultimate resolution, related timing or eventual loss. If our evaluations indicate loss contingencies that could be material are not probable, but are reasonably possible, we will disclose their nature with an estimate of possible range of losses or a statement that such loss is not reasonably estimable. Other than the matter discussed in Note 13, at December 31, 2013, the range of reasonably possible losses in excess of amounts accrued was not material.
	Letters of Credit, Surety Bonds and Project Obligations
	On May 10, 2011, we entered into a $75.0 million letter of credit facility. At December 31, 2013, there were no letters of credit outstanding. At December 31, 2012, outstanding letters of credit issued under the letter of credit facility were $4.2 million. This facility was terminated in February 2014 upon execution of the Company’s new $125.0 million revolving credit facility (see Note 21), under which up to $62.5 million of letters of credit may be issued.
	We provide surety bonds that guarantee completion of certain infrastructure serving our homebuilding projects. At December 31, 2013, there were $77.3 million of costs to complete in connection with $169.7 million of surety bonds issued. At December 31, 2012, there were $85.5 million of costs to complete in connection with $186.0 million of surety bonds issued.
	We also provide indemnification for bonds issued by certain unconsolidated joint ventures and other related party projects in which we have no ownership interest. At December 31, 2013, there were $22.8 million of costs to complete in connection with $63.7 million of surety bonds issued for unconsolidated joint venture projects, and $1.6 million of costs to complete in connection with $4.9 million of surety bonds issued for related party projects. At December 31, 2012, there were $30.8 million of costs to complete in connection with $71.6 million of surety bonds issued for unconsolidated joint venture projects, and $2.3 million of costs to complete in connection with $6.1 million of surety bonds issued for related party projects.
	Certain of our homebuilding projects utilize community facility district, metro-district and other local government bond financing programs to fund acquisition or construction of infrastructure improvements. Interest and principal on these bonds are typically paid from taxes and assessments levied on landowners and/or homeowners following the closing of new homes in the project. Occasionally, we enter into credit support arrangements requiring us to pay interest and principal on these bonds if taxes and assessments levied on homeowners are insufficient to cover such obligations. Furthermore, reimbursement of these payments to us is dependent on the district or local government’s ability to generate sufficient tax and assessment revenues from the new homes. At December 31, 2013 and 2012, in connection with credit support arrangements, there was $8.6 million and $4.9 million, respectively, reimbursable to us from certain agencies in Colorado and, accordingly, recorded these in inventory as a recoverable project cost.
	We also pay certain fees and costs associated with the construction of infrastructure improvements in homebuilding projects that utilize these district bond financing programs. These fees and costs are typically reimbursable to us from, and therefore dependent on, bond proceeds or taxes and assessments levied on homeowners. At December 31, 2013 and 2012, in connection with certain funding arrangements, there was $13.1 million and $16.3 million, respectively, reimbursable to us from certain agencies, including $11.9 million and $11.9 million, respectively, from a metro-district in Colorado and, accordingly, recorded these in inventory as a recoverable project cost.
	Until bond proceeds or tax and assessment revenues are sufficient to cover our obligations and/or reimburse us, our responsibility to make interest and principal payments on these bonds or pay fees and costs associated with the construction of infrastructure improvements could be prolonged and significant.
	As a condition of the Vistancia Sale, and the purchase of the non-controlling member’s remaining interest in Vistancia, LLC, the Company effectively remains a 10% guarantor on certain community facility district bond obligations to which the Company must meet a minimum calculated tangible net worth; otherwise, the Company is required to fund collateral to the bond issuer. At December 31, 2013 and 2012, the Company exceeded the minimum tangible net worth requirement.
	At a consolidated homebuilding project in Colorado, we have contractual obligations to purchase and receive water system connection rights which, at December 31, 2013 and 2012, had an estimated market value in excess of their contractual purchase price of $30.5 million and $33.6 million, respectively. These water system connection rights are held and then transferred to homebuyers upon closing of their home or transferred upon sale of land to the respective buyer. These water system connection rights can also be sold or leased but generally only within the local jurisdiction.
	Lease Payment Obligations
	We lease certain property and equipment under non-cancelable operating leases. Office leases are for terms of up to ten years and generally provide renewal options for terms up to an additional five years. In the normal course of business, we expect expired leases will be renewed or replaced. Equipment leases are typically for terms of three to four years. At December 31, 2013, future minimum rental payments under operating leases (excluding related party operating leases for office space – see below) having initial or remaining non-cancelable lease terms in excess of one year were as follows:


	Payments Due By Year	December 31,
		(In thousands)
	2014	$	1,030
	2015		771
	2016		740
	2017		735
	2018 and thereafter		1,263

	Total	$	4,539

	For the years ended December 31, 2013, 2012 and 2011, rental expense for non-related party operating leases was $1.7 million, $1.4 million and $1.7 million, respectively.
	We also lease office space from related parties under non-cancelable operating leases. The leases are for terms of up to ten years and generally provide renewal options for terms up to an additional five years. At December 31, 2013, future minimal rental payments under related party operating leases having initial or remaining non-cancelable lease terms in excess of one year were as follows:


	Payments Due By Year	December 31,
		(In thousands)
	2014	$	1,631
	2015		1,267
	2016		667
	2017		366
	2018 and thereafter		2,556

	Total	$	6,487


	For the years ended December 31, 2013, 2012 and 2011, related party rental expense was $0.4 million, $0.6 million and $0.7 million, respectively.

Supplemental_Disclosure_to_Con

Supplemental Disclosure to Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2013
Supplemental Disclosure to Consolidated Statements of Cash Flows	'
	17. Supplemental Disclosure to Consolidated Statements of Cash Flows
	Supplemental disclosures to the consolidated statements of cash flows were as follows:


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
	Supplemental disclosure of cash flow information
	Income taxes paid (refunded)	$	1,181		$	(3,891	)	$	(4,417	)
	Interest paid, net of amounts capitalized	$	4,946		$	19,225		$	16,065
	Supplemental disclosure of noncash activities
	Unrealized gain (loss) on available-for-sale investments, net	$	271		$	(1,875	)	$	1,029
	Reclassification of Deficit Distributions to (from) unconsolidated joint ventures from (to) other liabilities	$	(365	)	$	212		$	(49	)
	Purchase of land in exchange for note payable	$	4,379		$	8,982		$	1,457
	Contribution of inventory to unconsolidated joint venture	$	4,082		$	0		$	0
	Elimination of consolidated joint venture inventory, receivables from related parties and other assets	$	0		$	(41,600	)	$	0
	Elimination of consolidated joint venture note payable and other liabilities	$	0		$	(1,949	)	$	0
	Redemption of Company’s interest in consolidated joint venture and elimination of non-controlling interest, less cash retained by non-controlling interest	$	0		$	(39,651	)	$	0
	Contribution of net assets for payment on notes receivables from related parties	$	0		$	0		$	41,524
	Distribution of land from unconsolidated joint venture	$	0		$	0		$	15,422
	Distribution of note payable from unconsolidated joint venture	$	0		$	0		$	599
	Distribution of land to non-controlling interests	$	0		$	0		$	(769	)
	Transfer of land from inventory to property and equipment	$	0		$	0		$	1,838
	Sale of property and equipment in exchange for note receivable from related party	$	0		$	0		$	6,500
	Sale of property and equipment in exchange for relief of prepaid assets and assumptions of payables, net	$	0		$	0		$	591

Segment_Information

Segment Information	12 Months Ended
Segment Information	Dec. 31, 2013
Segment Information	'
	18. Segment Information
	Our homebuilding business, which is responsible for most of our operating results, constructs and sells single-family attached and detached homes designed to appeal to first-time, move-up and active lifestyle homebuyers. Our homebuilding business also provides management services to joint ventures and other related and unrelated parties. We manage each homebuilding community as an operating segment and have aggregated these communities into reportable segments based on geography as follow:

		•		Southern California, comprised of communities in Los Angeles, Ventura and Orange Counties, and the Inland Empire;

		•		San Diego, comprised of communities in San Diego County, California;

		•		Northern California, comprised of communities in northern and central California, and the central coast of California;

		•		Mountain West, comprised of communities in Colorado and Washington;

		•		South West, comprised of communities in Arizona, Nevada and Texas: and

		•		East, comprised of communities in Florida and Virginia.
	In accordance with ASC 280, in determining the most appropriate aggregation of our homebuilding communities, we also considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply.
	Our Corporate segment primarily provides management services to our operating segments, and includes results of our captive insurance provider, which primarily administers claims reinsured by third party carriers and the deductibles and retentions under those third party policies. Results of our insurance brokerage services business are also included in our Corporate segment.

	The reportable segments follow the same accounting policies as our consolidated financial statements described in Note 2. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented.
	Financial information relating to reportable segments was as follows:


			December 31,
			2013			2012
			(In thousands)
	Total assets:
	Southern California		$	316,339		$	213,481
	San Diego			160,593			148,272
	Northern California			286,513			256,728
	Mountain West			316,459			297,276
	South West			155,416			105,470
	East			5,096			6,943

	Total homebuilding assets			1,240,416			1,028,170
	Corporate			264,917			345,367

	Total assets		$	1,505,333		$	1,373,537


			December 31,
			2013			2012
			(In thousands)
	Inventory:
	Southern California		$	239,986		$	161,700
	San Diego			142,395			129,895
	Northern California			249,111			226,307
	Mountain West			247,294			227,130
	South West			132,484			89,756
	East			2,002			2,865

	Total inventory		$	1,013,272		$	837,653



			Years Ended December 31,
			2013			2012			2011
			(In thousands)
	Revenues:
	Southern California		$	207,650		$	133,990		$	167,417
	San Diego			125,494			85,971			86,856
	Northern California			242,356			166,106			108,788
	Mountain West			186,899			147,784			102,870
	South West			160,744			138,161			114,409
	East			6,554			7,150			6,045

Total homebuilding revenues			929,697			679,162			586,385
Corporate			913			985			1,385

Total revenues		$	930,610		$	680,147		$	587,770


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
Income (loss) before income taxes:
Southern California		$	44,236		$	12,843		$	4,067
San Diego			7,717			2,493			(5,998	)
Northern California			40,648			19,292			(14,296	)
Mountain West			9,463			156			(4,037	)
South West			8,356			(2,173	)		(1,168	)
East			(349	)		(202	)		401

Total homebuilding income (loss) before income taxes			110,071			32,409			(21,031	)
Corporate			1,767			(2,609	)		(89,280	)

Total income (loss) before income taxes		$	111,838		$	29,800		$	(110,311	)


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
Impairments:
Southern California		$	0		$	0		$	7,189
San Diego			0			0			9,684
Northern California			0			0			13,875
Mountain West			0			0			0
South West			0			0			2,227
East			0			0			0

Total impairments		$	0		$	0		$	32,975

Results_of_Quarterly_Operation

Results of Quarterly Operations	12 Months Ended
Results of Quarterly Operations	Dec. 31, 2013
Results of Quarterly Operations	'
	19. Results of Quarterly Operations (Unaudited)


			First			Second			Third		Fourth		Total (1)
			Quarter			Quarter			Quarter		Quarter		Total (1)
	2013:00:00
	Revenues		$	134,960		$	217,310		$	238,309	$	340,031	$	930,610
	Gross margin		$	31,536		$	48,426		$	55,848	$	85,388	$	221,198
	Net income (loss)		$	6,837		$	19,532		$	25,826	$	73,744	$	125,939
	Net income (loss) attributable to SHLP		$	6,838		$	19,534		$	25,824	$	73,751	$	125,947

	2012:00:00
	Revenues		$	105,603		$	132,468		$	146,421	$	295,655	$	680,147
	Gross margin		$	20,568		$	24,490		$	31,196	$	65,459	$	141,713
	Net income (loss)		$	(198	)	$	(12,120	)	$	8,300	$	33,202	$	29,184
	Net income (loss) attributable to SHLP		$	(411	)	$	(12,101	)	$	8,330	$	33,220	$	29,038

	-1	Some amounts do not add across due to rounding differences in quarterly amounts

Supplemental_Guarantor_Informa

Supplemental Guarantor Information	12 Months Ended
Supplemental Guarantor Information	Dec. 31, 2013
Supplemental Guarantor Information	'
	20. Supplemental Guarantor Information
	The obligations under the Secured Notes are not guaranteed by any SHLP joint venture where SHLP Corp does not own 100% of the economic interest, including those that are consolidated, and the collateral securing the Secured Notes does not include a pledge of the capital stock of any subsidiary if such pledge would result in a requirement that SHLP Corp file separate financial statements with respect to such subsidiary pursuant to Rule 3-16 of Regulation S-X under the Securities Act.
	Pursuant to the indenture governing the Secured Notes, a guarantor may be released from its guarantee obligations only under certain customary circumstances specified in the indenture, namely (1) upon the sale or other disposition (including by way of consolidation or merger) of such guarantor, (2) upon the sale or disposition of all or substantially all the assets of such guarantor, (3) upon the designation of such guarantor as an unrestricted subsidiary for covenant purposes in accordance with the terms of the indenture, (4) upon a legal defeasance or covenant defeasance pursuant thereto, or (5) upon the full satisfaction of our obligations under the indenture.

	Presented herein are the condensed consolidated financial statements provided for in Rule 3-10(f) of Regulation S-X under the Securities Act for the guarantor subsidiaries and non-guarantor subsidiaries.
	Condensed Consolidating Balance Sheet
	December 31, 2013


			SHLP			Guarantor			Non-Guarantor			Eliminations				Total
			Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
			(In thousands)
	Assets
	Cash and cash equivalents		$	153,794		$	43,803		$	8,608		$	0			$	206,205
	Restricted cash			695			354			140			0				1,189
	Accounts and other receivables, net			120,299			26,754			28,696			(28,250	)			147,499
	Receivables from related parties, net			9,251			22,027			796			276				32,350
	Inventory			749,832			263,213			3,361			(3,134	)			1,013,272
	Investments in unconsolidated joint ventures			22,068			1,091			24,589			0				47,748
	Investments in subsidiaries			748,326			69,755			90,484			(908,565	)			0
	Other assets, net			24,030			32,957			83			0				57,070
	Intercompany			0			465,706			0			(465,706	)			0

	Total assets		$	1,828,295		$	925,660		$	156,757		$	(1,405,379	)		$	1,505,333

	Liabilities and equity
	Liabilities:
	Notes payable		$	751,708		$	0		$	0		$	0			$	751,708
	Payables to related parties			20			0			1			0				21
	Accounts payable			36,594			25,334			418			0				62,346
	Other liabilities			171,470			41,370			61,211			(28,250	)			245,801
	Intercompany			423,447			0			45,117			(468,564	)			0

	Total liabilities			1,383,239			66,704			106,747			(496,814	)			1,059,876
	Equity:
	SHLP equity:
	Owners’ equity			440,268			854,168			49,609			(903,777	)			440,268
	Accumulated other comprehensive income			4,788			4,788			0			(4,788	)			4,788

	Total SHLP equity			445,056			858,956			49,609			(908,565	)			445,056
	Non-controlling interests			0			0			401			0				401

	Total equity			445,056			858,956			50,010			(908,565	)			445,457

	Total liabilities and equity		$	1,828,295		$	925,660		$	156,757		$	(1,405,379	)		$	1,505,333


	(a)	Includes Shea Homes Funding Corp., whose financial position at December 31, 2013 was not material.

	Condensed Consolidating Balance Sheet
	December 31, 2012


			SHLP			Guarantor			Non-Guarantor			Eliminations				Total
			Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
			(In thousands)
	Assets
	Cash and cash equivalents		$	216,914		$	48,895		$	13,947		$	0			$	279,756
	Restricted cash			11,999			875			157			0				13,031
	Accounts and other receivables, net			117,560			23,537			35,250			(35,058	)			141,289
	Receivables from related parties, net			8,271			25,668			89			0				34,028
	Inventory			572,010			264,459			1,918			(734	)			837,653
	Investments in unconsolidated joint ventures			13,948			984			13,721			0				28,653
Investments in subsidiaries			672,388			64,971			93,883			(831,242	)			0
Other assets, net			17,712			21,388			27			0				39,127
Intercompany			0			376,420			0			(376,420	)			0

Total assets		$	1,630,802		$	827,197		$	158,992		$	(1,243,454	)		$	1,373,537

Liabilities and equity
Liabilities:
Notes payable		$	758,209		$	0		$	0		$	0			$	758,209
Payables to related parties			26			0			0			99				125
Accounts payable			34,384			27,879			475			0				62,738
Other liabilities			162,894			36,700			69,416			(35,792	)			233,218
Intercompany			356,451			(376,420	)		20,068			(99	)			0

Total liabilities			1,311,964			(311,841	)		89,959			(35,792	)			1,054,290
Equity:
SHLP equity:
Owners’ equity			314,321			758,101			68,624			(826,725	)			314,321
Accumulated other comprehensive income			4,517			4,517			0			(4,517	)			4,517

Total SHLP equity			318,838			762,618			68,624			(831,242	)			318,838
Non-controlling interests			0			0			409			0				409

Total equity			318,838			762,618			69,033			(831,242	)			319,247

Total liabilities and equity		$	1,630,802		$	450,777		$	158,992		$	(867,034	)		$	1,373,537


(a)	Includes Shea Homes Funding Corp., whose financial position at December 31, 2012 was not material.

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Year Ended December 31, 2013


		SHLP			Guarantor			Non-Guarantor			Eliminations				Total
		Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
		(In thousands)
Revenues		$	505,510		$	404,393		$	20,707		$	0			$	930,610
Cost of sales			(406,563	)		(302,081	)		(1,502	)		734				(709,412	)

Gross margin			98,947			102,312			19,205			734				221,198
Selling expenses			(28,925	)		(18,847	)		(6,566	)		0				(54,338	)
General and administrative expenses			(34,936	)		(12,294	)		(2,850	)		0				(50,080	)
Equity in income (loss) from unconsolidated joint ventures			(2,020	)		(65	)		981			0				(1,104	)
Equity in income (loss) from subsidiaries			100,821			(1,443	)		(3,342	)		(96,036	)			0
Gain (loss) on reinsurance			0			0			2,011			0				2,011
Interest expense			(3,658	)		(1,413	)		0			0				(5,071	)
Other income (expense), net			(4,280	)		3,428			808			(734	)			(778	)

Income (loss) before income taxes			125,949			71,678			10,247			(96,036	)			111,838
Income tax benefit (expense)			(2	)		14,112			(9	)		0				14,101

Net income (loss)			125,947			85,790			10,238			(96,036	)			125,939
Less: Net loss (income) attributable to non-controlling interests			0			0			8			0				8

Net income (loss) attributable to SHLP		$	125,947		$	85,790		$	10,246		$	(96,036	)		$	125,947

Comprehensive income (loss)		$	126,218		$	86,061		$	10,238		$	(96,307	)		$	126,210


(a)	Includes Shea Homes Funding Corp., whose results of operations for the year ended December 31, 2013 was not material.
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Year Ended December 31, 2012


		SHLP			Guarantor			Non-Guarantor			Eliminations				Total
		Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
		(In thousands)
Revenues		$	470,756		$	200,329		$	9,062		$	0			$	680,147
Cost of sales			(372,576	)		(164,992	)		(1,343	)		477				(538,434	)

Gross margin			98,180			35,337			7,719			477				141,713
Selling expenses			(26,836	)		(13,531	)		(5,421	)		0				(45,788	)
General and administrative expenses			(30,560	)		(10,500	)		(2,687	)		0				(43,747	)
Equity in income (loss) from unconsolidated joint ventures			(338	)		(43	)		759			0				378
Equity in income (loss) from subsidiaries			11,334			(20,211	)		(4,556	)		13,433				0
Gain (loss) on reinsurance			0			0			(12,013	)		0				(12,013	)
Interest expense			(17,326	)		(2,532	)		(4	)		0				(19,862	)
Other income (expense), net			(5,411	)		12,905			2,102			(477	)			9,119

Income (loss) before income taxes			29,043			1,425			(14,101	)		13,433				29,800
Income tax benefit (expense)			(5	)		(601	)		(10	)		0				(616	)

Net income (loss)			29,038			824			(14,111	)		13,433				29,184
Less: Net loss (income) attributable to non-controlling interests			0			0			(146	)		0				(146	)

Net income (loss) attributable to SHLP		$	29,038		$	824		$	(14,257	)	$	13,433			$	29,038

Comprehensive income (loss)		$	27,163		$	(1,051	)	$	(14,111	)	$	15,308			$	27,309


(b)	Includes Shea Homes Funding Corp., whose results of operations for the year ended December 31, 2012 was not material.

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Year Ended December 31, 2011


		SHLP			Guarantor			Non-Guarantor			Eliminations				Total
		Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
		(In thousands)
Revenues		$	449,926		$	128,808		$	9,036		$	0			$	587,770
Cost of sales			(398,193	)		(113,553	)		(4,261	)		429				(515,578	)

Gross margin			51,733			15,255			4,775			429				72,192
Selling expenses			(28,522	)		(11,686	)		(5,043	)		0				(45,251	)
General and administrative expenses			(26,351	)		(8,938	)		(2,085	)		0				(37,374	)
Equity in income (loss) from unconsolidated joint ventures			(1,371	)		(388	)		(3,375	)		0				(5,134	)
Equity in income (loss) from subsidiaries			(3,852	)		6,813			7,393			(10,354	)			0
Loss on debt extinguishment			(88,384	)		0			0			0				(88,384	)
Gain (loss) on reinsurance			0			0			3,072			0				3,072
Interest expense			(15,832	)		(974	)		0			0				(16,806	)
Other income (expense), net			(1,803	)		2,188			7,418			(429	)			7,374

Income (loss) before income taxes			(114,382	)		2,270			12,155			(10,354	)			(110,311	)
Income tax benefit (expense)			(3	)		3,088			(16	)		0				3,069

Net income (loss)			(114,385	)		5,358			12,139			(10,354	)			(107,242	)
Less: Net loss (income) attributable to non-controlling interests			0			0			(7,143	)		0				(7,143	)

Net income (loss) attributable to SHLP		$	(114,385	)	$	5,358		$	4,996		$	(10,354	)		$	(114,385	)

Comprehensive income (loss)		$	(113,356	)	$	6,387		$	12,139		$	(11,383	)		$	(106,213	)


(a)	Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose results were not material.
Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2013


		SHLP			Guarantor			Non-Guarantor			Eliminations				Total
		Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
		(In thousands)
Operating activities
Net cash provided by (used in) operating activities		$	(134,342	)	$	74,734		$	10,951		$	2,759			$	(45,898	)

Investing activities
Proceeds from sale of available-for-sale investments			0			3,165			0			0				3,165
Investments in unconsolidated joint ventures			(9,713	)		(277	)		(15,386	)		0				(25,376	)
Distributions from unconsolidated joint ventures			0			0			4,072			0				4,072
Other investing activities			(335	)		2,522			(821	)		0				1,366

Net cash provided by (used in) investing activities			(10,048	)		5,410			(12,135	)		0				(16,773	)

Financing activities
Principal payments to financial institutions and others			(10,880	)		0			0			0				(10,880	)
Intercompany			92,150			(85,236	)		(4,155	)		(2,759	)			0

Net cash provided by (used in) financing activities			81,270			(85,236	)		(4,155	)		(2,759	)			(10,880	)

Net increase (decrease) in cash and cash equivalents			(63,120	)		(5,092	)		(5,339	)		0				(73,551	)
Cash and cash equivalents at beginning of year			216,914			48,895			13,947			0				279,756

Cash and cash equivalents at end of year		$	153,794		$	43,803		$	8,608		$	0			$	206,205


(a)	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2013 were not material.

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2012


		SHLP			Guarantor			Non-Guarantor			Eliminations				Total
		Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
		(In thousands)
Operating activities
Net cash provided by (used in) operating activities		$	33,609		$	(63,637	)	$	25,506		$	(1,669	)		$	(6,191	)

Investing activities
Proceeds from sale of available-for-sale investments			0			26,547			0			0				26,547
Net decrease (increase) in promissory notes from related parties			1,142			988			(143	)		0				1,987
Investments in unconsolidated joint ventures			(10,898	)		(229	)		(840	)		0				(11,967	)
Other investing activities			(89	)		(54	)		0			0				(143	)

Net cash provided by (used in) investing activities			(9,845	)		27,252			(983	)		0				16,424

Financing activities
Principal payments to financial institutions and others			(2,230	)		0			(199	)		0				(2,429	)
Intercompany			35,517			(10,820	)		(26,366	)		1,669				0
Other financing activities			2,352			0			1,234			0				3,586

Net cash provided by (used in) financing activities			35,639			(10,820	)		(25,331	)		1,669				1,157

Net increase (decrease) in cash and cash equivalents			59,403			(47,205	)		(808	)		0				11,390
Cash and cash equivalents at beginning of year			157,511			96,100			14,755			0				268,366

Cash and cash equivalents at end of year		$	216,914		$	48,895		$	13,947		$	0			$	279,756


(a)	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2012 were not material.

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011


		SHLP			Guarantor			Non-Guarantor			Eliminations				Total
		Corp (a)			Subsidiaries			Subsidiaries			Eliminations				Total
		(In thousands)
Operating activities
Net cash provided by (used in) operating activities		$	56,254		$	(12,550	)	$	2,499		$	(7,325	)		$	38,878

Investing activities
Purchase of available-for-sale investments			0			(20,205	)		0			0				(20,205	)
Proceeds from sale of investments in joint venture			0			0			14,000			0				14,000
Net decrease (increase) in promissory notes from related parties			(1,793	)		(25,122	)		(892	)		135,487				107,680
Investments in unconsolidated joint ventures			(800	)		(117	)		(16,364	)		0				(17,281	)
Distributions from unconsolidated joint ventures			0			2,487			5,525			0				8,012
Proceeds from sale of property and equipment			12,892			0			1			0				12,893
Other investing activities			(1,761	)		1,639			0			0				(122	)

Net cash provided by (used in) investing activities			8,538			(41,318	)		2,270			135,487				104,977

Financing activities
Repayments on revolving lines of credit			(80,448	)		0			0			0				(80,448	)
Borrowings from financial institutions			750,000			0			0			0				750,000
Principal payments to financial institutions and others			(721,953	)		0			0			0				(721,953	)
Intercompany			36,210			95,575			(3,623	)		(128,162	)			0
Other financing activities			9,399			0			639			0				10,038

Net cash provided by (used in) financing activities			(6,792	)		95,575			(2,984	)		(128,162	)			(42,363	)

Net increase in cash and cash equivalents			58,000			41,707			1,785			0				101,492
Cash and cash equivalents at beginning of year			99,511			54,393			12,970			0				166,874

Cash and cash equivalents at end of year		$	157,511		$	96,100		$	14,755		$	0			$	268,366


(a)	Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose cash flows were not material.

Subsequent_Events

Subsequent Events	12 Months Ended
Subsequent Events	Dec. 31, 2013
Subsequent Events	'
	21. Subsequent Events
	In connection with the November 2013 receipt of consent from our bondholders to amend the Indenture to allow the Company to replace its $75.0 million letter of credit facility with a $125.0 million secured revolving credit facility, JFSCI made an $8.4 million payment, including accrued interest, in January 2014 on its note with SHI. As a result of applying this payment to future installments, JFSCI is not required to make its next installment payment until November 2016.
	In January 2014, the Company entered into a purchase and sale agreement and acquired undeveloped land in Northern California from a related party under common control. Consideration for the purchase includes an upfront cash payment of $4.4 million cash, the assumption of a $5.7 million liability, both of which represent the net book value of the selling party, plus future revenue participation payments (the “RAPA”). The RAPA is calculated at 11% of gross revenues from home closings and payable quarterly. The RAPA liability, based on a third-party real estate appraisal, is estimated to be $19.6 million. As the transaction is with a related party under common control, the Company will record the real estate asset at the net book value of the related party, the estimated RAPA liability of $19.6 million and a charge to equity of $25.3 million.
	In February 2014, the Company replaced its $75.0 million letter of credit facility with a $125.0 million secured revolving credit facility (the “Revolver”), which bears interest at LIBOR plus 2.75% and matures March 1, 2016. Borrowing availability is determined by a borrowing base formula and the Company is subject to financial covenants, including minimum net worth and leverage and interest coverage ratios. If the Company does not maintain compliance with these financial covenants, the Revolver converts to an 18-month amortizing term loan.
	In February 2014, the Company entered into a purchase and sale agreement to sell land in Southern California for $1.0 million. As the transaction is with a related party under common control, the $0.9 million of net sales proceeds received in excess of the net book value of the land sold will be recorded as an equity contribution.

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
Summary of Significant Accounting Policies (Policies)	Dec. 31, 2013
Basis of Presentation	'
	Basis of Presentation
	The accompanying consolidated financial statements include the accounts of SHLP and its wholly-owned subsidiaries, including Shea Homes, Inc. (“SHI”) and its wholly-owned subsidiaries. The Company consolidates all joint ventures in which it has a controlling interest or other ventures in which it is the primary beneficiary of a variable interest entity (“VIE”). Material intercompany accounts and transactions are eliminated.
	Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” refer to SHLP, its subsidiaries and its consolidated joint ventures.
Use of Estimates	'
	Use of Estimates
	Preparation of consolidated financial statements in conformity with U.S. generally accepted accounting principles (“GAAP”) requires the Company to make estimates and assumptions that affect amounts reported in the consolidated financial statements and accompanying notes. Estimates relate primarily to valuation of certain real estate and reserves for self-insured risks. Actual results could differ significantly from those estimates.
Reclassifications	'
	Reclassifications
	Certain reclassifications were made in the 2012 consolidated financial statements to conform to classifications in 2013. At December 31, 2012, investments of $12.1 million and property and equipment of $2.2 million were reclassified to other assets in the consolidated balance sheet.
Cash and Cash Equivalents	'
	Cash and Cash Equivalents
	All highly liquid investments (original maturities of 90 days or less) are considered to be cash equivalents.
Concentration of Credit Risk	'
	Concentration of Credit Risk
	Financial instruments representing concentrations of credit risk are primarily cash, cash equivalents, investments and insurance receivables.
	Cash in banks exceeded the federally insured limits; cash equivalents comprised primarily of money market securities and securities backed by the U.S. government; and insurance receivables were with highly rated insurers and/or collateralized. We have incurred no losses on deposits of cash and cash equivalents and believe our depository institutions are financially sound and present minimal credit risk.
Inventory	'
	Inventory
	We capitalize preacquisition, land, development and other allocated costs, including interest, during development and home construction. Applicable costs incurred after development or construction is substantially complete are charged to selling, general and administrative, and other expenses as appropriate. Preacquisition costs, including non-refundable land deposits, are expensed to other income (expense), net when we determine continuation of the respective project is not probable.
	Land, development and other indirect costs are typically allocated to inventory using a methodology that approximates the relative-sales-value method. Home construction costs are recorded using the specific identification method. Cost of sales for homes closed includes the specific construction costs of each home and all applicable land acquisition, land development and related costs (both incurred and estimated to be incurred) based upon the total number of homes expected to close in each community. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated on a relative-sales-value method to remaining homes in the community.
	Inventory is stated at cost, unless the carrying amount is determined not to be recoverable, in which case inventory is adjusted to fair value or fair value less cost to sell. Quarterly, we review our real estate assets at each community for indicators of impairment. Real estate assets include projects actively selling, under development, held for future development or held for sale. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and prices of comparable homes, significant decreases in gross margins and sales absorption rates, costs in excess of budget, and actual or projected cash flow losses.
	If there are indications of impairment, we analyze the budgets and cash flows of our real estate assets and compare the estimated remaining undiscounted future cash flows of the community to the asset’s carrying value. If the undiscounted cash flows exceed the asset’s carrying value, no impairment adjustment is required. If the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and adjusted to fair value. For land held for sale, if the fair value less costs to sell exceed the asset’s carrying value, no impairment adjustment is required. These impairment evaluations require use of estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if estimated future undiscounted cash flows will be sufficient to recover the asset’s carrying value.
	When estimating undiscounted cash flows of a community, various assumptions are made, including: (i) the number of homes available and the expected prices and incentives offered by us or builders in other communities, and future price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs to date and expected to be incurred, including, but not limited to, land and land development, home construction, interest, indirect construction and overhead, and selling and marketing costs; (iv) alternative product offerings that could impact sales pace, sales price and/or building costs; and (v) alternative uses for the property.
	Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing sales rates have a direct impact on the estimated price of a home, the level of time sensitive costs (such as indirect construction, overhead and interest), and selling and marketing costs (such as model maintenance and advertising). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flows. For example, if our objective is to preserve operating margins, our cash flows will be different than if the objective is to increase sales. These objectives may vary significantly by community over time.
	If assets are considered impaired, the impairment charge is the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets or other valuation techniques. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when the assessment is made. These factors are specific to each community and may vary among communities. The discount rate used in determining each asset’s fair value depends on the community’s projected life and development stage. We generally use discount rates ranging from 10% to 25%, subject to perceived risks associated with the community’s cash flow streams relative to its inventory.
Completed Operations Claim Costs	'
	Completed Operations Claim Costs
	We maintain, and require our subcontractors to maintain, general liability insurance which includes coverage for completed operations losses and damages. Most subcontractors carry this insurance through our “rolling wrap-up” insurance program, where our risks and risks of participating subcontractors are insured through a common set of master policies.
	Completed operations claims reserves primarily represent claims for property damage to completed homes and projects outside of our one- to two-year warranty period. Specific terms and conditions of completed operations warranties vary depending on the market in which homes are closed and can range up to 12 years from the closing of a home.

	We record expenses and liabilities for estimated costs of potential completed operations claims based upon aggregated loss experience, which includes an estimate of completed operations claims incurred but not reported and is actuarially estimated using individual case-basis valuations and statistical analysis. These estimates make up our entire reserve and are subject to a high degree of variability due to uncertainties such as trends in completed operations claims related to our markets and products built, changes in claims reporting and settlement patterns, third party recoveries, insurance industry practices, insurance regulations and legal precedent. Because state regulations vary, completed operations claims are reported and resolved over an extended period, sometimes exceeding twelve years. As a result, actual costs may differ significantly from estimates.
	The actuarial analyses that determine these incurred but not reported claims consider various factors, including frequency and severity of losses, which are based on our historical claims experience supplemented by industry data. The actuarial analyses of these claims and reserves also consider historical third party recovery rates and claims management expenses. Due to inherent uncertainties related to each of these factors, periodic changes to such factors based on updated relevant information could result in actual costs to differ significantly from estimated costs.
	In accordance with our underlying completed operations insurance policies, completed operations claims costs are recoverable from our subcontractors or insurance carriers. Completed operations claims through July 31, 2009 are insured or reinsured with third-party insurance carriers and completed operations claims commencing August 1, 2009 are insured with third-party and affiliate insurance carriers.
Revenues	'
	Revenues
	In accordance with Accounting Standards Codification (“ASC”) 360, revenues from housing and other real estate sales are recognized when the respective units close. Housing and other real estate sales close when all conditions of escrow are met, including delivery of the home or other real estate asset, title passage, appropriate consideration is received or collection of associated receivables, if any, is reasonably assured and when we have no other continuing involvement in the asset. Sales incentives are a reduction of revenues when the respective unit is closed.
Income Taxes	'
	Income Taxes

	SHLP is treated as a partnership for income tax purposes. As a limited partnership, SHLP is subject to certain minimal state taxes and fees; however, taxes on income realized by SHLP are generally the obligation of the Partners and their owners.

	SHI and PIC are C corporations. Federal and state income taxes are provided for these entities in accordance with ASC 740. The provision for, or benefit from, income taxes is calculated using the asset and liability method, whereby deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect the year in which differences are expected to reverse.

	Deferred tax assets are evaluated to determine whether a valuation allowance should be established based on our determination of whether it is more likely than not some or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets depends primarily on generation of future taxable income during periods in which those temporary differences become deductible. The assessment of a valuation allowance includes giving appropriate consideration to all positive and negative evidence related to the realization of the deferred tax asset. This assessment considers, among other things, the nature, frequency and severity of current and cumulative losses over recent years, forecasts of future profitability, the duration of statutory carryforward periods, our experience with operating loss and tax credit carryforwards before they expire, and tax planning alternatives. Judgment is required in determining future tax consequences of events that have been recognized in the consolidated financial statements and/or tax returns. Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial position or results of operations.

	We follow certain accounting guidance with respect to how uncertain tax positions should be accounted for and disclosed in the consolidated financial statements. The guidance requires the assessment of tax positions taken or expected to be taken in the tax returns and to determine whether the tax positions are “more-likely-than-not” of being sustained upon examination by the applicable tax authority. Tax positions deemed to meet the more-likely-than-not criteria would be recorded as a tax benefit or expense in the current year. We are required to assess open tax years, as defined by the statute of limitations, for all major jurisdictions, including federal and certain states. Open tax years are those that are open for examination by taxing authorities. We have examinations in progress but believe there are no uncertain tax positions that do not meet the more-likely-than-not level of authority (see Note 13).

Advertising Costs	'
	Advertising Costs
	We expense advertising costs as incurred. For the years ended December 31, 2013, 2012 and 2011, we incurred and expensed advertising costs of $7.4 million, $6.6 million and $6.2 million, respectively.
New Accounting Pronouncements	'
	New Accounting Pronouncements
	In February 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which requires an entity to provide information about the amounts reclassified out of accumulated other comprehensive income by component. In addition, ASU 2013-02 requires an entity to present, either on the face of the income statement or in the notes to financial statements, significant amounts reclassified out of accumulated other comprehensive income by the respective line items of net income but only if the amount reclassified is required under GAAP to be reclassified to net income in its entirety in the same reporting period. For other amounts, an entity is required to cross-reference to other disclosures required under GAAP that provide additional detail about those amounts. The amendments in ASU 2013-02 do not change the current requirements for reporting net income or other comprehensive income in financial statements. For public entities, the amendments in ASU 2013-02 are effective prospectively for reporting periods beginning after December 15, 2012. The Company adopted ASU 2013-02 effective January 1, 2013, which concerned disclosure requirements only and did not impact our consolidated financial statements.

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2013
Net Book Values and Estimated Fair Values of Notes Payable	'
	At December 31, 2013 and 2012, as required by ASC 825, the following presents net book values and estimated fair values of notes payable:


		December 31, 2013				December 31, 2012
		Net Book		Estimated		Net Book		Estimated
		Value		Fair Value		Value		Fair Value
		(In thousands)
	$750,000 8.625% senior secured notes due May 2019	$	750,000	$	830,625	$	750,000	$	828,750
	Secured promissory notes	$	1,708	$	1,708	$	8,209	$	8,209

Accounts_and_Other_Receivables1

Accounts and Other Receivables, Net (Tables)	12 Months Ended
Accounts and Other Receivables, Net (Tables)	Dec. 31, 2013
Accounts and Other Receivables	'
	At December 31, 2013 and 2012, accounts and other receivables, net were as follows:


		December 31,
		2013			2012
		(In thousands)
	Insurance receivables	$	138,610		$	131,519
	Escrow receivables		586			576
	Notes receivables		3,155			3,662
	Development receivables		3,093			3,325
	Other receivables		4,031			4,147
	Reserve		(1,976	)		(1,940	)

	Total accounts and other receivables, net	$	147,499		$	141,289

Inventory_Tables

Inventory (Tables)	12 Months Ended
Inventory (Tables)	Dec. 31, 2013
Summary of Inventory	'
	At December 31, 2013 and 2012, inventory was as follows:


			December 31,
			2013			2012
			(In thousands)
	Model homes		$	87,728		$	69,210
	Completed homes for sale			20,285			14,015
	Homes under construction			257,662			189,929
	Lots available for construction			342,622			249,463
	Land under development			122,257			175,922
	Land held for future development			70,618			60,466
	Land held for sale, including water system connection rights			79,102			71,381
	Land deposits and preacquisition costs			32,998			7,267

	Total inventory		$	1,013,272		$	837,653

Inventory Impairment	'
	For the years ended December 31, 2013, 2012 and 2011, inventory impairment charges were as follows:


			Years Ended December 31,
			2013			2012			2011
			(Dollars in thousands)
	Inventory impairment charge		$	0		$	0		$	30,600

	Remaining carrying value of inventory impaired at end of year		$	0		$	0		$	27,427

	Projects impaired			0			0			10

	Projects evaluated for impairment (a)			126			132			131


	(a)	Large land parcels not subdivided into communities are counted as one project. Once parcels are subdivided, the project count will increase accordingly.
Interest Incurred, Capitalized and Expensed	'
	For the years ended December 31, 2013, 2012 and 2011, interest incurred, capitalized and expensed was as follows:


			Years Ended December 31,
			2013			2012			2011
			(In thousands)
	Interest incurred		$	67,048		$	66,857		$	69,961

	Interest expensed (a)		$	5,071		$	19,862		$	16,806


	Interest capitalized as a cost of inventory during the year		$	59,699		$	46,146		$	51,840

	Interest previously capitalized as a cost of inventory, included in cost of sales		$	(60,448	)	$	(54,733	)	$	(45,944	)

	Interest previously capitalized as a cost of inventory, transferred to property and equipment and from investments in joint ventures, net		$	0		$	0		$	(411	)

	Interest capitalized in ending inventory (b)		$	102,100		$	102,849		$	111,436


	Interest capitalized as a cost of investments in joint ventures during the year		$	2,278		$	849		$	1,315

	Interest previously capitalized as a cost of investments in joint ventures, included in equity in income (loss) from joint ventures		$	(1,189	)	$	(849	)	$	(1,619	)

	Interest previously capitalized as a cost of investments in joint ventures, transferred to inventory		$	0		$	0		$	(642	)

	Interest capitalized in ending investments in joint ventures		$	1,089		$	0		$	0


	(a)	For the eight months ended August 31, 2013 and for the years ended December 31, 2012 and 2011, assets qualifying for interest capitalization were less than debt; therefore, non-qualifying interest was expensed. For the period from September 2013 to December 2013, qualifying assets exceeded debt; therefore, no interest was expensed.
	(b)	Inventory impairment charges were recorded against total inventory of the respective community. Capitalized interest reflects the gross amount of capitalized interest as impairment charges recognized were generally not allocated to specific components of inventory.

Investments_in_Unconsolidated_1

Investments in Unconsolidated Joint Ventures (Tables)	12 Months Ended
Investments in Unconsolidated Joint Ventures (Tables)	Dec. 31, 2013
Condensed Financial Information of Investments in Unconsolidated Joint Venture	'
	At December 31, 2013 and 2012, and for the years ended December 31, 2013, 2012 and 2011, condensed financial information for our unconsolidated joint ventures was as follows:
	Condensed Balance Sheet Information


			December 31,
			2013			2012
			(In thousands)
	Assets
	Real estate inventory		$	267,460		$	121,446
	Other assets			130,840			52,143

	Total assets		$	398,300		$	173,589

	Liabilities and equity
	Notes payable		$	78,589		$	76,957
	Other liabilities			99,395			16,435

	Total liabilities			177,984			93,392
	Equity:
	The Company (a)			47,397			27,937
	Others			172,919			52,260

	Total equity			220,316			80,197

	Total liabilities and equity		$	398,300		$	173,589


	(a)	At December 31, 2013 and 2012, includes Deficit Distributions of $0.4 million and $0.7 million, respectively.
Condensed Financial Information of Investments in Unconsolidated Joint Venture	'
	Condensed Income Statement Information


			Years Ended December 31,
			2013			2012			2011
			(In thousands)
	Revenues		$	90,743		$	46,586		$	41,530
	Expenses			(85,594	)		(48,079	)		(58,189	)

	Net income (loss)			5,149			(1,493	)		(16,659	)

	The Company’s share of net income (loss)		$	(1,104	)	$	378		$	(5,134	)

Equity Method Investments Summarized Notes Payable Information	'
	At December 31, 2013 and 2012, total unconsolidated joint ventures’ notes payable consisted of the following:


			December 31,
			2013			2012
			(In thousands)
	Bank and seller notes payable:
	Guaranteed (subject to remargin obligations)		$	52,515		$	45,610
	Non-Guaranteed			10,073			22,894

	Total bank and seller notes payable (a)			62,588			68,504

	Partner notes payable (b):
	Unsecured			16,001			8,453

	Total unconsolidated joint venture notes payable		$	78,589		$	76,957

	Other unconsolidated joint venture notes payable(c)		$	55,441		$	57,839


	(a)	All bank and seller notes were secured by real property.
	(b)	No guarantees were provided on partner notes payables. In January 2014, a $3.2 million partner note from one joint venture was paid off.
	(c)	Through indirect effective ownership in two joint ventures of 12.3% and 0.0003%, respectively, that had bank notes payable secured by real property in which we have not provided any guaranty.

Other_Assets_Net_Tables

Other Assets, Net (Tables)	12 Months Ended
Other Assets, Net (Tables)	Dec. 31, 2013
Other Assets	'
	At December 31, 2013 and 2012, other assets were as follows:


		December 31,
		2013		2012
		(In thousands)
	Income tax receivable	$	2,199	$	3,497
	Deferred tax asset (see Note 13)		16,337		0
	Investments		9,439		12,078
	Property and equipment, net		4,103		2,237
	Capitalized loan origination fees		11,089		10,140
	Prepaid bank fees		152		403
	Deposits in lieu of bonds and letters of credit		10,294		7,110
	Prepaid insurance		2,460		2,148
	Other		997		1,515

	Total other assets, net	$	57,070	$	39,127

Notes_Payable_Tables

Notes Payable (Tables)	12 Months Ended
Notes Payable (Tables)	Dec. 31, 2013
Summary of Notes Payable	'
	At December 31, 2013 and 2012, notes payable were as follows:


		December 31,
		2013		2012
		(In thousands)
	$750.0 million 8.625% senior secured notes, due May 2019	$	750,000	$	750,000
	Promissory notes, interest ranging from 1% to 6%, maturing through 2014, secured by deeds of trust on inventory		1,708		8,209

	Total notes payable	$	751,708	$	758,209

Other_Liabilities_Tables

Other Liabilities (Tables)	12 Months Ended
Other Liabilities (Tables)	Dec. 31, 2013
Summary of Other Liabilities	'
	At December 31, 2013 and 2012, other liabilities were as follows:


		December 31,
		2013			2012
		(In thousands)
	Completed operations reserves	$	138,610		$	131,519
	Warranty reserves		20,648			17,749
	Deferred revenue/gain		30,036			30,902
	Provisions for closed homes/communities		10,591			8,135
	Deposits (primarily homebuyer)		14,281			15,684
	Legal reserves		4,576			4,916
	Accrued interest		8,086			8,086
	Accrued compensation and benefits		9,389			4,697
	Distributions payable		2,531			2,892
	Deficit Distributions (see Note 7)		351			716
	Other		6,702			7,922

	Total other liabilities	$	245,801		$	233,218

Changes in Completed Operations Reserves	'
	For the years ended December 31, 2013, 2012 and 2011, changes in completed operations reserves were as follows:


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
	Insured completed operations
	Balance, beginning of the year	$	131,519		$	109,390		$	102,860
	Reserves provided		19,002			40,087			1,160
	Insurance purchased (see below)		0			0			16,520
	Claims paid		(11,911	)		(17,958	)		(11,150	)

	Balance, end of the year		138,610			131,519			109,390

	Self-insured completed operations
	Balance, beginning of the year		0			0			15,613
	Reserves provided		0			0			907
	Insurance purchased		0			0			(16,520	)

	Balance, end of the year		0			0			0

	Total completed operations reserves	$	138,610		$	131,519		$	109,390

Changes in Warranty Liabilities	'
	For the years ended December 31, 2013, 2012 and 2011, changes in warranty liability were as follows:


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
	Balance, beginning of the year	$	17,749		$	17,358		$	16,238
	Provision for warranties		11,188			8,958			9,636
	Warranty costs paid		(8,289	)		(8,567	)		(8,516	)

	Balance, end of the year	$	20,648		$	17,749		$	17,358

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	12 Months Ended
Related Party Transactions (Tables)	Dec. 31, 2013
Receivables from Related Parties	'
	At December 31, 2013 and 2012, receivables from related parties, net were as follows:


		December 31,
		2013			2012
		(In thousands)
	Note receivables from JFSCI	$	21,588		$	24,498
	Note receivables from unconsolidated joint ventures		1,037			268
	Note receivables from related parties		18,822			19,940
	Reserves for note receivables from related parties		(12,842	)		(12,766	)
	Receivables from related parties		3,745			2,088

	Total receivables from related parties, net	$	32,350		$	34,028

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2013
Components of Income Tax Benefit (Expense)	'
	For the years ended December 31, 2013, 2012 and 2011, major components of the income tax benefit (expense) were as follows:


			Years Ended December 31,
			2013			2012			2011
			(In thousands)
	Current:
	Federal		$	0		$	0		$	3,000
	State			(1,766	)		(78	)		140

	Total current			(1,766	)		(78	)		3,140
	Deferred:
	Federal			13,385			(532	)		603
	State			2,482			(6	)		(674	)

	Total deferred			15,867			(538	)		(71	)

	Total income tax benefit (expense)		$	14,101		$	(616	)	$	3,069

Effective Tax Rate Differed from 35% Federal Statutory Rate	'
	For the years ended December 31, 2013, 2012 and 2011, the effective tax rate differed from the 35% federal statutory rate due to the following:


			Years Ended December 31,
			2013			2012			2011
			(Dollars in thousands)
	Income (loss) before income taxes		$	111,838		$	29,800		$	(110,311	)

	Income tax benefit (expense) computed at statutory rate		$	(39,143	)	$	(10,430	)	$	38,609
	Increase (decrease) resulting from:
	Non-taxable entities income (loss) (a)			25,275			7,134			(36,195	)
	State taxes, net of federal income tax benefit			(1,901	)		(1,045	)		613
	Small insurance company election (831b)			198			(2,583	)		(24	)
	Write-off of deferred tax assets			0			0			(9,500	)
	Change in valuation allowance for deferred tax assets			32,223			5,461			10,648
	Other, net			(2,551	)		847			(1,082	)

	Total income tax benefit (expense)		$	14,101		$	(616	)	$	3,069

	Effective tax rate			(12.6	)%		2.1	%		2.8	%


	(a)	Non-taxable entities represent income or loss related to non-controlling interests and consolidated limited partnerships and limited liability companies in which the taxable income or loss is reflected on the respective partners’ tax return.
Tax Effect of Temporary Differences Rise to Significant Portion of Deferred Taxes	'
	At December 31, 2013 and 2012, the tax effects of temporary differences that give rise to significant portions of deferred taxes were as follows:


			December 31,
			2013			2012
			(In thousands)
	Deferred tax assets:
	Housing and land inventory basis differences		$	8,746		$	12,389
	Available loss carryforwards			7,696			19,322
	Impairment of inventory and investments			782			2,366
	Other			1,166			2,797

	Total deferred tax assets			18,390			36,874
	Deferred tax liabilities
	Income recognition			(1,544	)		(4,142	)

	Total deferred tax liabilities			(1,544	)		(4,142	)

	Subtotal			16,846			32,732
	Valuation allowance			(509	)		(32,732	)

	Net deferred tax assets		$	16,337		$	0

Contingencies_and_Commitments_

Contingencies and Commitments (Tables)	12 Months Ended
Contingencies and Commitments (Tables)	Dec. 31, 2013
Contingent Liabilities and Commitments	'
	At December 31, 2013 and 2012, certain unrecorded contingent liabilities and commitments were as follows:


		December 31,
		2013		2012
		(In thousands)
	Tax Court CCM case (capped at $70.0 million, see Note 13)	$	70,000	$	70,000
	Remargin obligations for unconsolidated joint venture loans (see Note 7)		28,684		22,805
	Outstanding letters of credit		0		4,216
	Costs to complete on surety bonds for Company projects		77,276		85,490
	Costs to complete on surety bonds for joint venture projects		22,845		30,804
	Costs to complete on surety bonds for related party projects		1,614		2,311
	Water system connection rights purchase obligation		30,506		33,615
	Lease payment obligations to third parties		4,539		3,806
	Lease payment obligations to related parties		6,487		4,352

	Total unrecorded contingent liabilities and commitments	$	241,951	$	257,399

Future Minimum Rental Payments Under Operating Leases	'
	At December 31, 2013, future minimal rental payments under related party operating leases having initial or remaining non-cancelable lease terms in excess of one year were as follows:


	Payments Due By Year	December 31,
		(In thousands)
	2014	$	1,631
	2015		1,267
	2016		667
	2017		366
	2018 and thereafter		2,556

	Total	$	6,487

Related Party Operating Lease	'
Future Minimum Rental Payments Under Operating Leases	'
	At December 31, 2013, future minimum rental payments under operating leases (excluding related party operating leases for office space – see below) having initial or remaining non-cancelable lease terms in excess of one year were as follows:


	Payments Due By Year	December 31,
		(In thousands)
	2014	$	1,030
	2015		771
	2016		740
	2017		735
	2018 and thereafter		1,263

	Total	$	4,539

Supplemental_Disclosure_to_Con1

Supplemental Disclosure to Consolidated Statements of Cash Flows (Tables)	12 Months Ended
	Dec. 31, 2013
Consolidated Statement of Cash Flow Supplemental Disclosure	'
	Supplemental disclosures to the consolidated statements of cash flows were as follows:


		Years Ended December 31,
		2013			2012			2011
		(In thousands)
	Supplemental disclosure of cash flow information
	Income taxes paid (refunded)	$	1,181		$	(3,891	)	$	(4,417	)
	Interest paid, net of amounts capitalized	$	4,946		$	19,225		$	16,065
	Supplemental disclosure of noncash activities
	Unrealized gain (loss) on available-for-sale investments, net	$	271		$	(1,875	)	$	1,029
	Reclassification of Deficit Distributions to (from) unconsolidated joint ventures from (to) other liabilities	$	(365	)	$	212		$	(49	)
	Purchase of land in exchange for note payable	$	4,379		$	8,982		$	1,457
	Contribution of inventory to unconsolidated joint venture	$	4,082		$	0		$	0
	Elimination of consolidated joint venture inventory, receivables from related parties and other assets	$	0		$	(41,600	)	$	0
	Elimination of consolidated joint venture note payable and other liabilities	$	0		$	(1,949	)	$	0
	Redemption of Company’s interest in consolidated joint venture and elimination of non-controlling interest, less cash retained by non-controlling interest	$	0		$	(39,651	)	$	0
	Contribution of net assets for payment on notes receivables from related parties	$	0		$	0		$	41,524
	Distribution of land from unconsolidated joint venture	$	0		$	0		$	15,422
	Distribution of note payable from unconsolidated joint venture	$	0		$	0		$	599
	Distribution of land to non-controlling interests	$	0		$	0		$	(769	)
	Transfer of land from inventory to property and equipment	$	0		$	0		$	1,838
	Sale of property and equipment in exchange for note receivable from related party	$	0		$	0		$	6,500
	Sale of property and equipment in exchange for relief of prepaid assets and assumptions of payables, net	$	0		$	0		$	591

Segment_Information_Tables

Segment Information (Tables)	12 Months Ended
Segment Information (Tables)	Dec. 31, 2013
Financial Information Related to Reportable Segments	'
	Financial information relating to reportable segments was as follows:


			December 31,
			2013				2012
			(In thousands)
	Total assets:
	Southern California		$	316,339			$	213,481
	San Diego			160,593				148,272
	Northern California			286,513				256,728
	Mountain West			316,459				297,276
	South West			155,416				105,470
	East			5,096				6,943

	Total homebuilding assets			1,240,416				1,028,170
	Corporate			264,917				345,367

	Total assets		$	1,505,333			$	1,373,537


			December 31,
			2013				2012
			(In thousands)
	Inventory:
	Southern California		$	239,986			$	161,700
	San Diego			142,395				129,895
	Northern California			249,111				226,307
	Mountain West			247,294				227,130
	South West			132,484				89,756
	East			2,002				2,865

	Total inventory		$	1,013,272			$	837,653



			Years Ended December 31,
			2013				2012				2011
			(In thousands)
	Revenues:
	Southern California		$	207,650			$	133,990			$	167,417
	San Diego			125,494				85,971				86,856
	Northern California			242,356				166,106				108,788
	Mountain West			186,899				147,784				102,870
	South West			160,744				138,161				114,409
	East			6,554				7,150				6,045

	Total homebuilding revenues			929,697				679,162				586,385
	Corporate			913				985				1,385

	Total revenues		$	930,610			$	680,147			$	587,770


			Years Ended December 31,
			2013				2012				2011
			(In thousands)
	Income (loss) before income taxes:
	Southern California		$	44,236			$	12,843			$	4,067
	San Diego			7,717				2,493				(5,998	)
	Northern California			40,648				19,292				(14,296	)
	Mountain West			9,463				156				(4,037	)
	South West			8,356				(2,173	)			(1,168	)
	East			(349	)			(202	)			401

Total homebuilding income (loss) before income taxes			110,071				32,409				(21,031	)
Corporate			1,767				(2,609	)			(89,280	)

Total income (loss) before income taxes		$	111,838			$	29,800			$	(110,311	)


		Years Ended December 31,
		2013				2012				2011
		(In thousands)
Impairments:
Southern California		$	0			$	0			$	7,189
San Diego			0				0				9,684
Northern California			0				0				13,875
Mountain West			0				0				0
South West			0				0				2,227
East			0				0				0

Total impairments		$	0			$	0			$	32,975

Results_of_Quarterly_Operation1

Results of Quarterly Operations (Tables)	12 Months Ended
Results of Quarterly Operations (Tables)	Dec. 31, 2013
Results of Quraterly Operations	'

			First			Second			Third		Fourth		Total (1)
			Quarter			Quarter			Quarter		Quarter		Total (1)
	2013:00:00
	Revenues		$	134,960		$	217,310		$	238,309	$	340,031	$	930,610
	Gross margin		$	31,536		$	48,426		$	55,848	$	85,388	$	221,198
	Net income (loss)		$	6,837		$	19,532		$	25,826	$	73,744	$	125,939
	Net income (loss) attributable to SHLP		$	6,838		$	19,534		$	25,824	$	73,751	$	125,947

	2012:00:00
	Revenues		$	105,603		$	132,468		$	146,421	$	295,655	$	680,147
	Gross margin		$	20,568		$	24,490		$	31,196	$	65,459	$	141,713
	Net income (loss)		$	(198	)	$	(12,120	)	$	8,300	$	33,202	$	29,184
	Net income (loss) attributable to SHLP		$	(411	)	$	(12,101	)	$	8,330	$	33,220	$	29,038

	-1	Some amounts do not add across due to rounding differences in quarterly amounts

Supplemental_Guarantor_Informa1

Supplemental Guarantor Information (Tables)	12 Months Ended
Supplemental Guarantor Information (Tables)	Dec. 31, 2013
Condensed Consolidating Balance Sheet	'
	Condensed Consolidating Balance Sheet
	December 31, 2013


			SHLP				Guarantor				Non-Guarantor				Eliminations				Total
			Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
			(In thousands)
	Assets
	Cash and cash equivalents		$	153,794			$	43,803			$	8,608			$	0			$	206,205
	Restricted cash			695				354				140				0				1,189
	Accounts and other receivables, net			120,299				26,754				28,696				(28,250	)			147,499
	Receivables from related parties, net			9,251				22,027				796				276				32,350
	Inventory			749,832				263,213				3,361				(3,134	)			1,013,272
	Investments in unconsolidated joint ventures			22,068				1,091				24,589				0				47,748
	Investments in subsidiaries			748,326				69,755				90,484				(908,565	)			0
	Other assets, net			24,030				32,957				83				0				57,070
	Intercompany			0				465,706				0				(465,706	)			0

	Total assets		$	1,828,295			$	925,660			$	156,757			$	(1,405,379	)		$	1,505,333

	Liabilities and equity
	Liabilities:
	Notes payable		$	751,708			$	0			$	0			$	0			$	751,708
	Payables to related parties			20				0				1				0				21
	Accounts payable			36,594				25,334				418				0				62,346
	Other liabilities			171,470				41,370				61,211				(28,250	)			245,801
	Intercompany			423,447				0				45,117				(468,564	)			0

	Total liabilities			1,383,239				66,704				106,747				(496,814	)			1,059,876
	Equity:
	SHLP equity:
	Owners’ equity			440,268				854,168				49,609				(903,777	)			440,268
	Accumulated other comprehensive income			4,788				4,788				0				(4,788	)			4,788

	Total SHLP equity			445,056				858,956				49,609				(908,565	)			445,056
	Non-controlling interests			0				0				401				0				401

	Total equity			445,056				858,956				50,010				(908,565	)			445,457

	Total liabilities and equity		$	1,828,295			$	925,660			$	156,757			$	(1,405,379	)		$	1,505,333


	(a)	Includes Shea Homes Funding Corp., whose financial position at December 31, 2013 was not material.

	Condensed Consolidating Balance Sheet
	December 31, 2012


			SHLP				Guarantor				Non-Guarantor				Eliminations				Total
			Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
			(In thousands)
	Assets
	Cash and cash equivalents		$	216,914			$	48,895			$	13,947			$	0			$	279,756
	Restricted cash			11,999				875				157				0				13,031
	Accounts and other receivables, net			117,560				23,537				35,250				(35,058	)			141,289
	Receivables from related parties, net			8,271				25,668				89				0				34,028
	Inventory			572,010				264,459				1,918				(734	)			837,653
	Investments in unconsolidated joint ventures			13,948				984				13,721				0				28,653
	Investments in subsidiaries			672,388				64,971				93,883				(831,242	)			0
	Other assets, net			17,712				21,388				27				0				39,127
	Intercompany			0				376,420				0				(376,420	)			0

	Total assets		$	1,630,802			$	827,197			$	158,992			$	(1,243,454	)		$	1,373,537

Liabilities and equity
Liabilities:
Notes payable		$	758,209			$	0			$	0			$	0			$	758,209
Payables to related parties			26				0				0				99				125
Accounts payable			34,384				27,879				475				0				62,738
Other liabilities			162,894				36,700				69,416				(35,792	)			233,218
Intercompany			356,451				(376,420	)			20,068				(99	)			0

Total liabilities			1,311,964				(311,841	)			89,959				(35,792	)			1,054,290
Equity:
SHLP equity:
Owners’ equity			314,321				758,101				68,624				(826,725	)			314,321
Accumulated other comprehensive income			4,517				4,517				0				(4,517	)			4,517

Total SHLP equity			318,838				762,618				68,624				(831,242	)			318,838
Non-controlling interests			0				0				409				0				409

Total equity			318,838				762,618				69,033				(831,242	)			319,247

Total liabilities and equity		$	1,630,802			$	450,777			$	158,992			$	(867,034	)		$	1,373,537


(a)	Includes Shea Homes Funding Corp., whose financial position at December 31, 2012 was not material.
Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)	'
	Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
	Year Ended December 31, 2013


			SHLP				Guarantor				Non-Guarantor				Eliminations				Total
			Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
			(In thousands)
	Revenues		$	505,510			$	404,393			$	20,707			$	0			$	930,610
	Cost of sales			(406,563	)			(302,081	)			(1,502	)			734				(709,412	)

	Gross margin			98,947				102,312				19,205				734				221,198
	Selling expenses			(28,925	)			(18,847	)			(6,566	)			0				(54,338	)
	General and administrative expenses			(34,936	)			(12,294	)			(2,850	)			0				(50,080	)
	Equity in income (loss) from unconsolidated joint ventures			(2,020	)			(65	)			981				0				(1,104	)
	Equity in income (loss) from subsidiaries			100,821				(1,443	)			(3,342	)			(96,036	)			0
	Gain (loss) on reinsurance			0				0				2,011				0				2,011
	Interest expense			(3,658	)			(1,413	)			0				0				(5,071	)
	Other income (expense), net			(4,280	)			3,428				808				(734	)			(778	)

	Income (loss) before income taxes			125,949				71,678				10,247				(96,036	)			111,838
	Income tax benefit (expense)			(2	)			14,112				(9	)			0				14,101

	Net income (loss)			125,947				85,790				10,238				(96,036	)			125,939
	Less: Net loss (income) attributable to non-controlling interests			0				0				8				0				8

	Net income (loss) attributable to SHLP		$	125,947			$	85,790			$	10,246			$	(96,036	)		$	125,947

	Comprehensive income (loss)		$	126,218			$	86,061			$	10,238			$	(96,307	)		$	126,210


	(a)	Includes Shea Homes Funding Corp., whose results of operations for the year ended December 31, 2013 was not material.
	Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
	Year Ended December 31, 2012


			SHLP				Guarantor				Non-Guarantor				Eliminations				Total
			Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
			(In thousands)
	Revenues		$	470,756			$	200,329			$	9,062			$	0			$	680,147
	Cost of sales			(372,576	)			(164,992	)			(1,343	)			477				(538,434	)

	Gross margin			98,180				35,337				7,719				477				141,713
	Selling expenses			(26,836	)			(13,531	)			(5,421	)			0				(45,788	)
	General and administrative expenses			(30,560	)			(10,500	)			(2,687	)			0				(43,747	)
	Equity in income (loss) from unconsolidated joint ventures			(338	)			(43	)			759				0				378
	Equity in income (loss) from subsidiaries			11,334				(20,211	)			(4,556	)			13,433				0
	Gain (loss) on reinsurance			0				0				(12,013	)			0				(12,013	)
	Interest expense			(17,326	)			(2,532	)			(4	)			0				(19,862	)
	Other income (expense), net			(5,411	)			12,905				2,102				(477	)			9,119

	Income (loss) before income taxes			29,043				1,425				(14,101	)			13,433				29,800
	Income tax benefit (expense)			(5	)			(601	)			(10	)			0				(616	)

	Net income (loss)			29,038				824				(14,111	)			13,433				29,184
	Less: Net loss (income) attributable to non-controlling interests			0				0				(146	)			0				(146	)

	Net income (loss) attributable to SHLP		$	29,038			$	824			$	(14,257	)		$	13,433			$	29,038

	Comprehensive income (loss)		$	27,163			$	(1,051	)		$	(14,111	)		$	15,308			$	27,309


	(b)	Includes Shea Homes Funding Corp., whose results of operations for the year ended December 31, 2012 was not material.

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss)
Year Ended December 31, 2011


		SHLP				Guarantor				Non-Guarantor				Eliminations				Total
		Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
		(In thousands)
Revenues		$	449,926			$	128,808			$	9,036			$	0			$	587,770
Cost of sales			(398,193	)			(113,553	)			(4,261	)			429				(515,578	)

Gross margin			51,733				15,255				4,775				429				72,192
Selling expenses			(28,522	)			(11,686	)			(5,043	)			0				(45,251	)
General and administrative expenses			(26,351	)			(8,938	)			(2,085	)			0				(37,374	)
Equity in income (loss) from unconsolidated joint ventures			(1,371	)			(388	)			(3,375	)			0				(5,134	)
Equity in income (loss) from subsidiaries			(3,852	)			6,813				7,393				(10,354	)			0
Loss on debt extinguishment			(88,384	)			0				0				0				(88,384	)
Gain (loss) on reinsurance			0				0				3,072				0				3,072
Interest expense			(15,832	)			(974	)			0				0				(16,806	)
Other income (expense), net			(1,803	)			2,188				7,418				(429	)			7,374

Income (loss) before income taxes			(114,382	)			2,270				12,155				(10,354	)			(110,311	)
Income tax benefit (expense)			(3	)			3,088				(16	)			0				3,069

Net income (loss)			(114,385	)			5,358				12,139				(10,354	)			(107,242	)
Less: Net loss (income) attributable to non-controlling interests			0				0				(7,143	)			0				(7,143	)

Net income (loss) attributable to SHLP		$	(114,385	)		$	5,358			$	4,996			$	(10,354	)		$	(114,385	)

Comprehensive income (loss)		$	(113,356	)		$	6,387			$	12,139			$	(11,383	)		$	(106,213	)


(a)	Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose results were not material.
Condensed Consolidating Statement of Cash Flows	'
	Condensed Consolidating Statement of Cash Flows
	Year Ended December 31, 2013


			SHLP				Guarantor				Non-Guarantor				Eliminations				Total
			Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
			(In thousands)
	Operating activities
	Net cash provided by (used in) operating activities		$	(134,342	)		$	74,734			$	10,951			$	2,759			$	(45,898	)

	Investing activities
	Proceeds from sale of available-for-sale investments			0				3,165				0				0				3,165
	Investments in unconsolidated joint ventures			(9,713	)			(277	)			(15,386	)			0				(25,376	)
	Distributions from unconsolidated joint ventures			0				0				4,072				0				4,072
	Other investing activities			(335	)			2,522				(821	)			0				1,366

	Net cash provided by (used in) investing activities			(10,048	)			5,410				(12,135	)			0				(16,773	)

	Financing activities
	Principal payments to financial institutions and others			(10,880	)			0				0				0				(10,880	)
	Intercompany			92,150				(85,236	)			(4,155	)			(2,759	)			0

	Net cash provided by (used in) financing activities			81,270				(85,236	)			(4,155	)			(2,759	)			(10,880	)

	Net increase (decrease) in cash and cash equivalents			(63,120	)			(5,092	)			(5,339	)			0				(73,551	)
	Cash and cash equivalents at beginning of year			216,914				48,895				13,947				0				279,756

	Cash and cash equivalents at end of year		$	153,794			$	43,803			$	8,608			$	0			$	206,205


	(a)	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2013 were not material.

	Condensed Consolidating Statement of Cash Flows
	Year Ended December 31, 2012


			SHLP				Guarantor				Non-Guarantor				Eliminations				Total
			Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
			(In thousands)
	Operating activities
	Net cash provided by (used in) operating activities		$	33,609			$	(63,637	)		$	25,506			$	(1,669	)		$	(6,191	)

	Investing activities
	Proceeds from sale of available-for-sale investments			0				26,547				0				0				26,547
	Net decrease (increase) in promissory notes from related parties			1,142				988				(143	)			0				1,987
	Investments in unconsolidated joint ventures			(10,898	)			(229	)			(840	)			0				(11,967	)
	Other investing activities			(89	)			(54	)			0				0				(143	)

	Net cash provided by (used in) investing activities			(9,845	)			27,252				(983	)			0				16,424

	Financing activities
	Principal payments to financial institutions and others			(2,230	)			0				(199	)			0				(2,429	)
	Intercompany			35,517				(10,820	)			(26,366	)			1,669				0
	Other financing activities			2,352				0				1,234				0				3,586

	Net cash provided by (used in) financing activities			35,639				(10,820	)			(25,331	)			1,669				1,157

	Net increase (decrease) in cash and cash equivalents			59,403				(47,205	)			(808	)			0				11,390
	Cash and cash equivalents at beginning of year			157,511				96,100				14,755				0				268,366

	Cash and cash equivalents at end of year		$	216,914			$	48,895			$	13,947			$	0			$	279,756


(a)	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2012 were not material.

Condensed Consolidating Statement of Cash Flows
Year Ended December 31, 2011


		SHLP				Guarantor				Non-Guarantor				Eliminations				Total
		Corp (a)				Subsidiaries				Subsidiaries				Eliminations				Total
		(In thousands)
Operating activities
Net cash provided by (used in) operating activities		$	56,254			$	(12,550	)		$	2,499			$	(7,325	)		$	38,878

Investing activities
Purchase of available-for-sale investments			0				(20,205	)			0				0				(20,205	)
Proceeds from sale of investments in joint venture			0				0				14,000				0				14,000
Net decrease (increase) in promissory notes from related parties			(1,793	)			(25,122	)			(892	)			135,487				107,680
Investments in unconsolidated joint ventures			(800	)			(117	)			(16,364	)			0				(17,281	)
Distributions from unconsolidated joint ventures			0				2,487				5,525				0				8,012
Proceeds from sale of property and equipment			12,892				0				1				0				12,893
Other investing activities			(1,761	)			1,639				0				0				(122	)

Net cash provided by (used in) investing activities			8,538				(41,318	)			2,270				135,487				104,977

Financing activities
Repayments on revolving lines of credit			(80,448	)			0				0				0				(80,448	)
Borrowings from financial institutions			750,000				0				0				0				750,000
Principal payments to financial institutions and others			(721,953	)			0				0				0				(721,953	)
Intercompany			36,210				95,575				(3,623	)			(128,162	)			0
Other financing activities			9,399				0				639				0				10,038

Net cash provided by (used in) financing activities			(6,792	)			95,575				(2,984	)			(128,162	)			(42,363	)

Net increase in cash and cash equivalents			58,000				41,707				1,785				0				101,492
Cash and cash equivalents at beginning of year			99,511				54,393				12,970				0				166,874

Cash and cash equivalents at end of year		$	157,511			$	96,100			$	14,755			$	0			$	268,366


(a)	Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose cash flows were not material.

Organization_Additional_Inform

Organization - Additional Information (Detail) (JFSCI)	Dec. 31, 2013
JFSCI	'
Schedule of Equity Method Investments [Line Items]	'
Ownership Interest	96.00%

Summary_of_Significant_Account2

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Significant Accounting Policies [Line Items]	'	'	'
Advertising costs incurred	$7.40	$6.60	$6.20
Reclassification From Investments To Other Assets	'	'	'
Significant Accounting Policies [Line Items]	'	'	'
Reclassification adjustment	'	12.1	'
Reclassification From Property And Equipment To Other Assets	'	'	'
Significant Accounting Policies [Line Items]	'	'	'
Reclassification adjustment	'	$2.20	'
Maximum	'	'	'
Significant Accounting Policies [Line Items]	'	'	'
Maturity of cash and cash equivalents	'90 days	'	'
Operations claims standard warranty period	'2 years	'	'
Completed operations extended warranty period	'12 years	'	'
Maximum \| Fair Value Adjustment to Inventory	'	'	'
Significant Accounting Policies [Line Items]	'	'	'
Assets fair value discount rates	25.00%	'	'
Minimum	'	'	'
Significant Accounting Policies [Line Items]	'	'	'
Operations claims standard warranty period	'1 year	'	'
Minimum \| Fair Value Adjustment to Inventory	'	'	'
Significant Accounting Policies [Line Items]	'	'	'
Assets fair value discount rates	10.00%	'	'

Restricted_Cash_Additional_Inf

Restricted Cash - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Jan. 31, 2013	Dec. 31, 2012	Dec. 31, 2013
Restricted Cash and Cash Equivalents Items [Line Items]	'	'	'
Restricted cash used as collateral released	$10	$10	'
Restricted cash	'	$13	$1.20

Net_Book_Values_and_Estimated_

Net Book Values and Estimated Fair Values of Notes Payable (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
8.625% senior secured notes due May 2019	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Net Book Value	$750,000	$750,000
Estimated Fair Value	830,625	828,750
Secured Promissory Notes	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Net Book Value	1,708	8,209
Estimated Fair Value	$1,708	$8,209

Net_Book_Values_and_Estimated_1

Net Book Values and Estimated Fair Values of Notes Payable (Parenthetical) (Detail) (8.625% senior secured notes due May 2019, USD $)	Dec. 31, 2013	Dec. 31, 2012	10-May-11
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	10-May-11
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Principal amount	$750,000	$750,000	$750,000
Interest rate	8.63%	8.63%	'
Maturity period	'2019-05	'2019-05	'
Fair Value, Inputs, Level 2	'	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'	'
Principal amount	$750,000	$750,000	'
Interest rate	8.63%	8.63%	'
Maturity period	'2019-05	'2019-05	'

Fair_Value_Disclosures_Additio

Fair Value Disclosures - Additional Information (Detail) (8.625% senior secured notes due May 2019, USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Net Book Value	$750,000	$750,000
Interest rate	8.63%	8.63%
Maturity period	'2019-05	'2019-05
Fair Value, Inputs, Level 2	'	'
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]	'	'
Net Book Value	$750,000	'
Interest rate	8.63%	8.63%
Maturity period	'2019-05	'2019-05

Accounts_and_Other_Receivables2

Accounts and Other Receivables (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Accounts and Other Receivables [Line Items]	'	'
Insurance receivables	$138,610	$131,519
Escrow receivables	586	576
Notes receivables	3,155	3,662
Development receivables	3,093	3,325
Other receivables	4,031	4,147
Reserve	-1,976	-1,940
Total accounts and other receivables, net	$147,499	$141,289

Accounts_and_Other_Receivables3

Accounts and Other Receivables, Net (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Accounts and Other Receivables [Line Items]	'	'
Insurance receivable	$138,610	$131,519
Affiliate insurance carriers	'	'
Accounts and Other Receivables [Line Items]	'	'
Insurance receivable	$44,000	$30,200

Inventory_Detail

Inventory (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Inventory [Line Items]	'	'
Homes under construction	$257,662	$189,929
Lots available for construction	342,622	249,463
Land under development	122,257	175,922
Land held for future development	70,618	60,466
Land held for sale, including water system connection rights	79,102	71,381
Land deposits and preacquisition costs	32,998	7,267
Total inventory	1,013,272	837,653
Model Homes	'	'
Inventory [Line Items]	'	'
Inventory finished homes	87,728	69,210
Completed Homes for Sale	'	'
Inventory [Line Items]	'	'
Inventory finished homes	$20,285	$14,015

Inventory_Impairment_Detail

Inventory Impairment (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
	Project		Project		Project
Inventory Disclosure [Line Items]	'		'		'
Inventory impairment charge	$0		$0		$30,600
Remaining carrying value of inventory impaired at end of year	$0		$0		$27,427
Projects impaired	0		0		10
Projects evaluated for impairment	126	[1]	132	[1]	131	[1]

[1]	Large land parcels not subdivided into communities are counted as one project. Once parcels are subdivided, the project count will increase accordingly.

Inventory_Additional_Informati

Inventory - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Inventory Disclosure [Line Items]	'	'	'
Write-offs of deposits and pre acquisition costs	$1.40	$2	$0.20

Interest_Incurred_Capitalized_

Interest Incurred, Capitalized and Expensed (Detail) (USD $)	4 Months Ended		12 Months Ended
	Dec. 31, 2013		Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Capitalized Interest [Line Items]	'		'		'		'
Interest incurred	'		$67,048,000		$66,857,000		$69,961,000
Interest expensed	0		5,071,000	[1]	19,862,000	[1]	16,806,000	[1]
Model Homes	'		'		'		'
Capitalized Interest [Line Items]	'		'		'		'
Amortized costs	10,300,000		10,300,000		8,200,000		9,900,000
Inventory	'		'		'		'
Capitalized Interest [Line Items]	'		'		'		'
Interest capitalized as a cost of inventory during the year	'		59,699,000		46,146,000		51,840,000
Interest previously capitalized as a cost of inventory, included in cost of sales	'		-60,448,000		-54,733,000		-45,944,000
Interest previously capitalized as a cost of inventory, transferred to property and equipment and from investments in joint ventures, net	'		0		0		-411,000
Interest capitalized in ending inventory	102,100,000	[2]	102,100,000	[2]	102,849,000	[2]	111,436,000	[2]
Investments In Joint Ventures	'		'		'		'
Capitalized Interest [Line Items]	'		'		'		'
Interest capitalized as a cost of investments in joint ventures during the year	'		2,278,000		849,000		1,315,000
Interest previously capitalized as a cost of investments in joint ventures, included in equity in income (loss) from joint ventures	'		-1,189,000		-849,000		-1,619,000
Interest previously capitalized as a cost of investments in joint ventures, transferred to inventory	'		0		0		-642,000
Interest capitalized in ending investments in joint ventures	'		$1,089,000		$0		$0

[1]	For the eight months ended August 31, 2013 and for the years ended December 31, 2012 and 2011, assets qualifying for interest capitalization were less than debt; therefore, non-qualifying interest was expensed. For the period from September 2013 to December 2013, qualifying assets exceeded debt; therefore, no interest was expensed.
[2]	Inventory impairment charges were recorded against total inventory of the respective community. Capitalized interest reflects the gross amount of capitalized interest as impairment charges recognized were generally not allocated to specific components of inventory.

Interest_Incurred_Capitalized_1

Interest Incurred, Capitalized and Expensed (Parenthetical) (Detail) (USD $)	4 Months Ended	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Capitalized Interest [Line Items]	'	'		'		'
Interest expensed	$0	$5,071	[1]	$19,862	[1]	$16,806	[1]

[1]	For the eight months ended August 31, 2013 and for the years ended December 31, 2012 and 2011, assets qualifying for interest capitalization were less than debt; therefore, non-qualifying interest was expensed. For the period from September 2013 to December 2013, qualifying assets exceeded debt; therefore, no interest was expensed.

Investments_in_Unconsolidated_2

Investments in Unconsolidated Joint Ventures - Additional Information (Detail) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2011

Dec. 31, 2013

Jun. 30, 2013

RRWS,LLC

Polo Estates Ventures, LLC

Guarantee provided

Unconsolidated Joint Ventures

Impairment on investments in joint ventures

Fourth Unconsolidated Joint Venture

RRWS,LLC

Polo Estates Ventures, LLC

Maximum

Minimum

Investment [Line Items]

Ownership Interest

50.00%

Deficit Distributions

$351,000

$716,000

Impairments charges on investments

2,400,000

Indemnification agreement from joint ventures, percentage

50.00%

Notes payable outstanding

47,700,000

45,600,000

4,800,000

47,700,000

45,600,000

Maximum remargin obligation

70,000,000

23,800,000

22,800,000

4,800,000

Line of credit facility, maximum borrowing capacity

21,600,000

Guaranty Liabilities

Revolving basket available for joint venture investment

70,000,000

Consolidated fixed charge coverage ratio

200.00%

Percentage of cumulative consolidated net income

50.00%

Committed capital contribution in joint venture

45,000,000

Aggregate capital contributions

$47,748,000

$28,653,000

$15,100,000

Condensed_Financial_Informatio

Condensed Financial Information of Investments in Unconsolidated Joint Venture (Detail) (Unconsolidated Joint Ventures, USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Unconsolidated Joint Ventures	'		'
Assets	'		'
Real estate inventory	$267,460		$121,446
Other assets	130,840		52,143
Total assets	398,300		173,589
Liabilities and equity	'		'
Notes payable	78,589		76,957
Other liabilities	99,395		16,435
Total liabilities	177,984		93,392
Equity:	'		'
The Company	47,397	[1]	27,937	[1]
Others	172,919		52,260
Total equity	220,316		80,197
Total liabilities and equity	$398,300		$173,589

[1]	At December 31, 2013 and 2012, includes Deficit Distributions of $0.4 million and $0.7 million, respectively.

Condensed_Income_Statement_of_

Condensed Income Statement of Joint Ventures (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Schedule of Equity Method Investments [Line Items]	'	'	'
The Company's share of net income (loss)	($1,104)	$378	($5,134)
Unconsolidated Joint Ventures	'	'	'
Schedule of Equity Method Investments [Line Items]	'	'	'
Revenues	90,743	46,586	41,530
Expenses	-85,594	-48,079	-58,189
Net income (loss)	5,149	-1,493	-16,659
The Company's share of net income (loss)	($1,104)	$378	($5,134)

Condensed_Financial_Informatio1

Condensed Financial Information of Investments in Unconsolidated Joint Venture (Parenthetical) (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]	'	'
Deficit Distributions	$351	$716

Total_Unconsolidated_Joint_Ven

Total Unconsolidated Joint Ventures' Note Payable (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012
Schedule of Equity Method Investments [Line Items]	'		'
Notes payable	$751,708		$758,209
Unconsolidated Joint Ventures	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Joint venture debt	78,589		76,957
Unconsolidated Joint Ventures \| Bank and Seller Financing Notes Payable	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Notes payable	62,588	[1]	68,504	[1]
Unconsolidated Joint Ventures \| Bank and Seller Financing Notes Payable \| Guarantee provided	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Notes payable	52,515		45,610
Unconsolidated Joint Ventures \| Bank and Seller Financing Notes Payable \| Non Guaranteed Obligations	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Notes payable	10,073		22,894
Unconsolidated Joint Ventures \| Partner Notes Payable \| Unsecured Debt	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Notes payable	16,001	[2]	8,453	[2]
Non-Direct Unconsolidated Joint Ventures	'		'
Schedule of Equity Method Investments [Line Items]	'		'
Joint venture debt	$55,441	[3]	$57,839	[3]

[1]	All bank and seller notes were secured by real property.
[2]	No guarantees were provided on partner notes payables. In January 2014, a $3.2 million partner note from one joint venture was paid off.
[3]	Through indirect effective ownership in two joint ventures of 12.3% and 0.0003%, respectively, that had bank notes payable secured by real property in which we have not provided any guaranty.

Total_Unconsolidated_Joint_Ven1

Total Unconsolidated Joint Ventures' Note Payable (Parenthetical) (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Jan. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified			Joint Venture One	Joint Venture One	Joint Venture Two
			Indirect	Subsequent Event	Indirect
Schedule of Equity Method Investments [Line Items]	'	'	'	'	'
Notes payable	$751,708	$758,209	'	$3,200	'
Ownership Interest	'	'	12.30%	'	0.00%

Variable_Interest_Entities_Add

Variable Interest Entities - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
RRWS,LLC	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
Notes payable outstanding	$47.70	$45.60
Maximum liability (cap)	35	'
Maximum aggregate liability	'The Company has a maximum aggregate liability under the re-margin arrangements of the lesser of 50% of the outstanding balances or $35.0 million in total. Obligations of the Company and RRWS Partner under the re-margin arrangements are limited during the first two years of the loans.	'
Maximum remargin obligation	23.8	22.8
Polo Estates Ventures, LLC	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
Notes payable outstanding	4.8	'
Maximum borrowing capacity under loan agreement	21.6	'
Affiliated Entity \| RRWS,LLC	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
VIEs ownership interest	50.00%	'
Affiliated Entity \| Polo Estates Ventures, LLC	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
VIEs ownership interest	50.00%	'
Third Party \| RRWS,LLC	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
VIEs ownership interest	50.00%	'
Third Party \| Polo Estates Ventures, LLC	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
VIEs ownership interest	50.00%	'
Land Option Contracts	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
Refundable and non-refundable cash deposits	19.5	'
Remaining purchase price of cash deposits	349.6	'
Land Option Contracts \| Loss Exposure	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
Non-refundable deposits	6.9	5
Capitalized preacquisition costs	12	2
Unconsolidated Variable Interest Entities \| Land Option Contracts	'	'
Variable Interest Entities and Non Variable Interest Entities [Line Items]	'	'
Refundable and non-refundable cash deposits	1.5	'
Remaining purchase price of cash deposits	$72.70	'

Other_Assets_Detail

Other Assets (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Other Assets [Line Items]	'	'
Income tax receivable	$2,199	$3,497
Deferred tax asset (see Note 13)	16,337	0
Investments	9,439	12,078
Property and equipment, net	4,103	2,237
Capitalized loan origination fees	11,089	10,140
Prepaid bank fees	152	403
Deposits in lieu of bonds and letters of credit	10,294	7,110
Prepaid insurance	2,460	2,148
Other	997	1,515
Total other assets, net	$57,070	$39,127

Other_Assets_Net_Additional_In

Other Assets, Net - Additional Information (Detail) (USD $)	12 Months Ended
In Millions, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Other Assets [Line Items]	'	'
Available for sale securities realized gains	$0.10	$8.80
Revolving Credit Facility	'	'
Other Assets [Line Items]	'	'
Capitalized Loan Origination Fees	$2.50	'

Notes_Payable_Detail

Notes Payable (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]	'	'
Notes payable	$751,708	$758,209
8.625% senior secured notes due May 2019	'	'
Debt Instrument [Line Items]	'	'
Notes payable	750,000	750,000
Promissory Notes Maturing 2014	'	'
Debt Instrument [Line Items]	'	'
Notes payable	$1,708	$8,209

Notes_Payable_Parenthetical_De

Notes Payable (Parenthetical) (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	10-May-11
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	10-May-11
8.625% senior secured notes due May 2019	'	'	'
Debt Instrument [Line Items]	'	'	'
Principal amount	$750,000	$750,000	$750,000
Interest rate	8.63%	8.63%	'
Maturity period	'2019-05	'2019-05	'
Promissory Notes Maturing 2014	'	'	'
Debt Instrument [Line Items]	'	'	'
Maturity year	'2014	'2014	'
Promissory Notes Maturing 2014 \| Minimum	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	1.00%	1.00%	'
Promissory Notes Maturing 2014 \| Maximum	'	'	'
Debt Instrument [Line Items]	'	'	'
Interest rate	6.00%	6.00%	'

Notes_Payable_Additional_Infor

Notes Payable - Additional Information (Detail) (USD $)	12 Months Ended						12 Months Ended				1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	10-May-11	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2013	10-May-11
				8.625% senior secured notes due May 2019	8.625% senior secured notes due May 2019	8.625% senior secured notes due May 2019	8.625% senior secured notes due May 2019	8.625% senior secured notes due May 2019	8.625% senior secured notes due May 2019	8.625% senior secured notes due May 2019	Secured Debt
							Semi Annual Payment, First Payment	Semi Annual Payment, Second Payment	Redeem On Or After May 15, 2015	Redeem On Or After May 15, 2016
Debt Instrument [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Principal amount of debt issued	'	'	'	$750,000,000	$750,000,000	$750,000,000	'	'	'	'	'
Principal payment on debt	'	'	'	'	'	'	'	'	'	'	779,600,000
Interest payment on debt	'	'	'	'	'	'	'	'	'	'	2,500,000
Gain (loss) on extinguishment of debt	0	0	-88,384,000	'	'	'	'	'	'	'	-88,400,000
Write-off of debt discount	'	'	'	'	'	'	'	'	'	'	65,000,000
Write-off of prepaid professional and loan fees (assets)	'	'	'	'	'	'	'	'	'	'	23,400,000
Principal and certain fees waived	'	'	'	'	'	'	'	'	'	'	5,000,000
Letter of credit facility outstanding	0	4,216,000	'	'	'	'	'	'	'	'	19,100,000
Letter of credit cancelled	'	'	'	'	'	'	'	'	'	'	4,000,000
Payments on letters of credit	0	0	80,448,000	'	'	'	'	'	'	'	15,100,000
Letter of credit reimbursed by JFSCI	'	'	'	'	'	'	'	'	'	'	14,500,000
Interest payment date	'	'	'	'	'	'	'May 15	'November 15	'	'	'
Maturity date	'	'	'	15-May-19	'	'	'	'	'	'	'
Note redemption price	'	'	'	'	'	'	'	'	$104.31	$102.16	'
Accrued interest	$8,086,000	$8,086,000	'	$8,100,000	$8,100,000	'	'	'	'	'	'

Other_Liabilities_Detail

Other Liabilities (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Other Liabilities [Line Items]	'	'	'	'
Completed operations reserves	$138,610	$131,519	$109,390	'
Warranty reserves	20,648	17,749	17,358	16,238
Deferred revenue/gain	30,036	30,902	'	'
Provisions for closed homes/communities	10,591	8,135	'	'
Deposits (primarily homebuyer)	14,281	15,684	'	'
Legal reserves	4,576	4,916	'	'
Accrued interest	8,086	8,086	'	'
Accrued compensation and benefits	9,389	4,697	'	'
Distributions payable	2,531	2,892	'	'
Deficit Distributions (see Note 7)	351	716	'	'
Other	6,702	7,922	'	'
Total other liabilities	$245,801	$233,218	'	'

Other_Liabilities_Additional_I

Other Liabilities - Additional Information (Detail) (USD $)	12 Months Ended
Other Liabilities - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2009
Other Liabilities [Line Items]	'	'	'	'
Insurance receivables	$138,610,000	$131,519,000	'	'
Percentage of uncovered losses related to completed operations	12.50%	'	'	'
Gain (loss) on reinsurance	2,011,000	-12,013,000	3,072,000	'
Distribution payable to non-controlling interest	2,531,000	2,892,000	'	'
Distribution to non-controlling interest	'	344,000	4,138,000	'
Vistancia, LLC	'	'	'	'
Other Liabilities [Line Items]	'	'	'	'
Distribution payable to non-controlling interest	2,500,000	2,900,000	3,300,000	'
Distribution to non-controlling interest	'	'	100,000	'
JFSCI	'	'	'	'
Other Liabilities [Line Items]	'	'	'	'
Deferred revenue on completed operation claims	18,900,000	20,300,000	'	19,200,000
Gain (loss) on reinsurance	1,400,000	-4,700,000	1,000,000	'
PIC	'	'	'	'
Other Liabilities [Line Items]	'	'	'	'
Deferred revenue on completed operation claims	7,800,000	8,400,000	'	15,600,000
Gain (loss) on reinsurance	$600,000	($7,300,000)	$2,100,000	'
Minimum	'	'	'	'
Other Liabilities [Line Items]	'	'	'	'
Operations claims standard warranty period	'1 year	'	'	'
Maximum	'	'	'	'
Other Liabilities [Line Items]	'	'	'	'
Operations claims standard warranty period	'2 years	'	'	'
Completed operations extended warranty period	'12 years	'	'	'

Changes_in_Completed_Operation

Changes in Completed Operations Reserves (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Completed Operations [Line Items]	'	'	'
Balance, end of the year	$138,610	$131,519	$109,390
Insured Operations	'	'	'
Completed Operations [Line Items]	'	'	'
Balance, beginning of the year	131,519	109,390	102,860
Reserves provided	19,002	40,087	1,160
Insurance purchased	0	0	16,520
Claims paid	-11,911	-17,958	-11,150
Balance, end of the year	138,610	131,519	109,390
Self Insured Operations	'	'	'
Completed Operations [Line Items]	'	'	'
Balance, beginning of the year	0	0	15,613
Reserves provided	0	0	907
Insurance purchased	0	0	-16,520
Balance, end of the year	$0	$0	$0

Changes_in_Warranty_Liabilitie

Changes in Warranty Liabilities (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Warranty Liability [Line Items]	'	'	'
Balance, beginning of the year	$17,749	$17,358	$16,238
Provision for warranties	11,188	8,958	9,636
Warranty costs paid	-8,289	-8,567	-8,516
Balance, end of the year	$20,648	$17,749	$17,358

Related_Party_Transactions_Det

Related Party Transactions (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Related Party Transaction [Line Items]	'	'
Note receivables from JFSCI	$21,588	$24,498
Note receivables from unconsolidated joint ventures	1,037	268
Note receivables from related parties	18,822	19,940
Reserves for note receivables from related parties	-12,842	-12,766
Receivables from related parties	3,745	2,088
Total receivables from related parties, net	$32,350	$34,028

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)

4 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Mar. 31, 2012

Dec. 31, 2011

Oct. 31, 2012

Nov. 30, 2011

Apr. 30, 2011

Sep. 30, 2011

Apr. 30, 2011

Sep. 30, 2011

Apr. 30, 2011

Sep. 30, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

31-May-12

Dec. 31, 2013

31-May-11

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Noncontrolling Interest

Related Party Receivables and Payables

Non Interest Bearing

Real Property and Joint Venture Transactions

Affiliated Entity

SHLP

JFSCI

Unconsolidated Joint Ventures

SCLLC

Partner Notes Payable

Minimum

Maximum

Other

Redemption or Purchase of Interest in Joint Venture

Other Real Property and Joint Venture Transactions

Real Property and Joint Venture Transactions

Related Party Receivables and Payables

General and Administrative Related Party Transactions

Maximum

Related Party Receivables and Payables

Real Property and Joint Venture Transactions

Other Income Expense Net

Noncontrolling Interest

SB Meridian Villages

TCD Bradbury LLC

Secured Promissory Notes

Land

Cash

Notes Receivable

Redemption or Purchase of Interest in Joint Venture

Minimum

Maximum

Redemption or Purchase of Interest in Joint Venture

Other Real Property and Joint Venture Transactions

Joint Venture Partner

Entity

Related Party Transaction [Line Items]

Convertible notes receivable

$38,900,000

Bearing interest from notes receivable

2.50%

4.25%

4.00%

8.00%

12.00%

Receivable maturity date

15-May-19

Prepayment on notes

3,800,000

1,900,000

Notes receivable

18,822,000

19,940,000

6,000,000

7,200,000

21,600,000

24,500,000

1,000,000

300,000

Notes receivable, maturity year

'2020

Internal rate of returns

17.50%

Reserves for notes receivable from other related parties

12,842,000

12,766,000

12,800,000

Notes receivable, maturity periods

'August 2016 through April 2021

Accrued interest monthly based on Prime less

0.75%

Accrued interest monthly based on Prime plus

1.00%

Receivables from related parties

3,745,000

2,088,000

3,700,000

2,100,000

Payables to related parties

21,000

125,000

100,000

Ownership Interest

58.00%

16.70%

96.00%

50.00%

Estimated fair value assets received

30,800,000

Distributed assets and liabilities

24,000,000

Cash from distribution

2,200,000

Secured notes receivable

3,155,000

3,662,000

3,000,000

Inventory

20,000,000

Other liabilities

245,801,000

233,218,000

1,200,000

Reduction in assets

41,800,000

Reduction in liabilities

2,000,000

Reduction in equity

39,800,000

11,600,000

Reduction in equity of non-controlling interest

28,200,000

Cash received from joint venture partner

14,000,000

3,000,000

6,500,000

Gain from sale of interest in joint venture

5,200,000

5,900,000

500,000

Interest expense

5,071,000

[1]

19,862,000

[1]

16,806,000

[1]

700,000

Distribution payable to non-controlling interest

2,531,000

2,892,000

3,300,000

2,500,000

2,900,000

Distribution to non-controlling interest

344,000

4,138,000

344,000

4,138,000

100,000

Bond obligations guarantee

10.00%

Sale of land to related party

4,600,000

800,000

Net sales proceeds recorded as an equity contribution

2,400,000

500,000

1,500,000

Proceed from property, plant & equipment

10,000

12,893,000

14,400,000

6,500,000

Note receivable interest rate

4.20%

Frequency of payment

'Monthly

Note receivable maturity year

'2016-08

Percentage of ownership interest

50.00%

Number of unconsolidated joint ventures

Membership interest in SBMV to joint venture partner

47,748,000

28,653,000

4,500,000

Cash contribution to TCDB

11,500,000

Other non cash consideration received

15,400,000

12,200,000

Notes payable

751,708,000

758,209,000

600,000

General and administrative expenses

50,080,000

43,747,000

37,374,000

20,300,000

18,100,000

16,400,000

8,000,000

4,300,000

3,600,000

Management fees

500,000

200,000

1,700,000

Amounts paid to affiliates for insurance coverage

$14,100,000

$13,100,000

$12,900,000

[1]

For the eight months ended August 31, 2013 and for the years ended December 31, 2012 and 2011, assets qualifying for interest capitalization were less than debt; therefore, non-qualifying interest was expensed. For the period from September 2013 to December 2013, qualifying assets exceeded debt; therefore, no interest was expensed.

Components_of_Income_Tax_Benef

Components of Income Tax Benefit (Expense) (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Current:	'	'	'
Federal	$0	$0	$3,000
State	-1,766	-78	140
Total current	-1,766	-78	3,140
Deferred:	'	'	'
Federal	13,385	-532	603
State	2,482	-6	-674
Total deferred	15,867	-538	-71
Total income tax benefit (expense)	$14,101	($616)	$3,069

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended									12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013	Dec. 31, 2009	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2001	Dec. 31, 2009	Dec. 31, 2009
				SHI	SHI	SHI	SHI	SHI	SHI	SHI	SHLP
										Maximum	Maximum
Income Taxes [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Federal statutory rate	35.00%	35.00%	35.00%	'	'	'	'	'	'	'	'
Net operating loss carryforward	$7,696,000	$19,322,000	'	$18,800,000	'	'	'	'	'	'	'
Net operating loss carryforward expiration year	'	'	'	'2018	'	'	'	'	'	'	'
Net operating loss carryforward annual limitation	'	'	'	4,600,000	'	'	'	'	4,600,000	'	'
Deferred tax asset, net	16,337,000	0	'	'	51,900,000	32,700,000	38,200,000	48,800,000	'	'	'
Deferred tax asset change in valuation allowance charged to income statement	15,630,000	0	0	15,600,000	32,700,000	'	'	'	'	'	'
Amount company could be obligated to pay	'	'	'	'	'	'	'	'	'	65,000,000	108,000,000
Initial Maximum CCM Payment	$70,000,000	'	'	'	'	'	'	'	'	'	'

Effective_Tax_Rate_Differed_fr

Effective Tax Rate Differed from 35% Federal Statutory Rate (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Reconciliation of Statutory Federal Tax Rate [Line Items]	'		'		'
Income (loss) before income taxes	$111,838		$29,800		($110,311)
Income tax benefit (expense) computed at statutory rate	-39,143		-10,430		38,609
Non-taxable entities income (loss)	25,275	[1]	7,134	[1]	-36,195	[1]
State taxes, net of federal income tax benefit	-1,901		-1,045		613
Small insurance company election (831b)	198		-2,583		-24
Write-off of deferred tax assets	0		0		-9,500
Change in valuation allowance for deferred tax assets	32,223		5,461		10,648
Other, net	-2,551		847		-1,082
Total income tax benefit (expense)	$14,101		($616)		$3,069
Effective tax rate	-12.60%		2.10%		2.80%

[1]	Non-taxable entities represent income or loss related to non-controlling interests and consolidated limited partnerships and limited liability companies in which the taxable income or loss is reflected on the respective partners' tax return.

Tax_Effects_of_Temporary_Diffe

Tax Effects of Temporary Differences Rise to Significant Portion of Deferred Taxes (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Deferred tax assets:	'	'
Housing and land inventory basis differences	$8,746	$12,389
Available loss carryforwards	7,696	19,322
Impairment of inventory and investments	782	2,366
Other	1,166	2,797
Total deferred tax assets	18,390	36,874
Deferred tax liabilities	'	'
Income recognition	-1,544	-4,142
Total deferred tax liabilities	-1,544	-4,142
Subtotal	16,846	32,732
Valuation allowance	-509	-32,732
Net deferred tax assets	$16,337	$0

Owners_Equity_Additional_Infor

Owners' Equity - Additional Information (Detail) (USD $)

Dec. 31, 2013

Dec. 31, 2012

Aug. 06, 2013

Dec. 31, 2013

Dec. 31, 2012

Aug. 06, 2013

Dec. 31, 2013

In Millions, unless otherwise specified

Series B

Series D

Limited Partner

General Partner

January 1, 2013 to December 31, 2016

January 1, 2017 to December 31, 2020

January 1, 2021 and thereafter

January 1, 2013 to December 31, 2016

January 1, 2017 to December 31, 2020

January 1, 2021 and thereafter

Stockholders Equity Note [Line Items]

Ownership Interest

1.00%

78.38%

20.62%

Interest rate determination

2.05%

Preferred return percentage earned on unreturned preferred capital

1.20%

2.25%

7.00%

2.00%

12.75%

7.00%

Accumulated undistributed preferred returns

$22.70

$20.80

$56.60

$52.80

Recovered_Sheet1

Retirement Savings And Deferred Compensation Plans - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'	'	'
Percentage of deferred based salary	80.00%	'	'
Percentage of sales commission	80.00%	'	'
Percentage of deferred bonus	100.00%	'	'
Deferred Compensation Arrangement Employer Contribution	$0	$0	$0
Accrued Expenses	4,200,000	1,100,000	'
2012 Grant	'	'	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'	'	'
Grant provides for issuance	1,021,947	'	'
Deferred restricted common unit price per unit	$10	'	'
Grant vesting period	'4 years	'	'
Grant vesting date	'2016-03	'	'
2013 Grant	'	'	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'	'	'
Grant provides for issuance	463,388	'	'
Deferred restricted common unit price per unit	$10.60	'	'
Grant vesting period	'4 years	'	'
Grant vesting date	'2017-03	'	'
401 (K)	'	'	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'	'	'
Defined contribution plan employer matching contribution	500,000	500,000	0
Contributions to profit sharing retirement plan	$900,000	$0	$0
Percentage of employer profit sharing contribution based on employee salary	3.00%	'	'
Description of matching 401(k) contributions	'50 cents on each dollar	'	'
401 (K) \| Maximum	'	'	'
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]	'	'	'
Percentage of employer contribution based on employee salary	6.00%	'	'
Percentage of additional contribution based on employee salary	3.00%	'	'

Contingent_Liabilities_And_Com

Contingent Liabilities And Commitments (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Commitment And Contingencies [Line Items]	'	'
Outstanding letters of credit	$0	$4,216
Water system connection rights purchase obligation	30,506	33,615
Total unrecorded contingent liabilities and commitments	241,951	257,399
Partner Notes Payable	'	'
Commitment And Contingencies [Line Items]	'	'
Guarantee obligations	28,684	22,805
Unconsolidated Joint Ventures	'	'
Commitment And Contingencies [Line Items]	'	'
Exposure of surety bonds in connection with development of projects	22,800	30,800
Related Parties	'	'
Commitment And Contingencies [Line Items]	'	'
Lease payment obligations	6,487	4,352
Third Parties	'	'
Commitment And Contingencies [Line Items]	'	'
Lease payment obligations	4,539	3,806
Tax Court Member	'	'
Commitment And Contingencies [Line Items]	'	'
Guarantee obligations	70,000	70,000
Surety Bonds \| Company	'	'
Commitment And Contingencies [Line Items]	'	'
Exposure of surety bonds in connection with development of projects	77,276	85,490
Surety Bonds \| Unconsolidated Joint Ventures	'	'
Commitment And Contingencies [Line Items]	'	'
Exposure of surety bonds in connection with development of projects	22,845	30,804
Surety Bonds \| Related Parties	'	'
Commitment And Contingencies [Line Items]	'	'
Exposure of surety bonds in connection with development of projects	$1,614	$2,311

Contingent_Liabilities_And_Com1

Contingent Liabilities And Commitments (Parenthetical) (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Commitment And Contingencies [Line Items]	'	'
Guarantee obligations maximum exposure	$70,000	'
Tax Court Member	'	'
Commitment And Contingencies [Line Items]	'	'
Guarantee obligations maximum exposure	$70,000	$70,000

Contingencies_and_Commitments_1

Contingencies and Commitments - Additional Information (Detail) (USD $)

12 Months Ended

1 Months Ended

12 Months Ended

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

10-May-11

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Feb. 28, 2014

Dec. 31, 2013

Dec. 31, 2012

Colorado

Credit Support Agreement

Funding Arrangements

Related Parties

Related Party Operating Lease

Office Leases

Unconsolidated Joint Ventures

Office Leases

Subsequent Event

Maximum

Minimum

Homebuilding Operations

Colorado

Related Party Operating Lease

Office Leases

Equipment

Related Party Operating Lease

Commitments and Contingencies Disclosure [Line Items]

Legal reserves

$4,600,000

$4,900,000

Letters of credit, borrowing capacity

75,000,000

Letters of credit, outstanding amount

4,216,000

Line of credit facility, maximum borrowing capacity

125,000,000

Letters of credit, Outstanding capacity

62,500,000

Letters of credit, termination period

'2014-02

Exposure of surety bonds in connection with development of projects

1,600,000

2,300,000

22,800,000

30,800,000

77,300,000

85,500,000

Bonds issued for development of projects

4,900,000

6,100,000

63,700,000

71,600,000

169,700,000

186,000,000

Reimbursements

8,600,000

4,900,000

13,100,000

16,300,000

11,900,000

Purchase of water system rights, contractual purchase price

30,506,000

33,615,000

30,500,000

33,600,000

Lease term

'10 years

'4 years

'3 years

Office leases, renewal option term

'5 years

Rental expense

$1,700,000

$1,400,000

$1,700,000

$400,000

$600,000

$700,000

Future_Minimum_Rental_Payments

Future Minimum Rental Payments Under Operating Leases (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified	Dec. 31, 2013
Future Minimum Payments Under Non-Cancelable Operating Leases With Initial Terms Of One-Year Or More [Line Items]	'
2014	$1,030
2015	771
2016	740
2017	735
2018 and thereafter	1,263
Total	4,539
Related Party Operating Lease	'
Future Minimum Payments Under Non-Cancelable Operating Leases With Initial Terms Of One-Year Or More [Line Items]	'
2014	1,631
2015	1,267
2016	667
2017	366
2018 and thereafter	2,556
Total	$6,487

Supplemental_Disclosures_to_Co

Supplemental Disclosures to Consolidated Statements of Cash Flows (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Supplemental disclosure of cash flow information	'	'	'
Income taxes paid (refunded)	$1,181	($3,891)	($4,417)
Interest paid, net of amounts capitalized	4,946	19,225	16,065
Supplemental disclosure of noncash activities	'	'	'
Unrealized gain (loss) on available-for-sale investments, net	271	-1,875	1,029
Reclassification of Deficit Distributions to (from) unconsolidated joint ventures from (to) other liabilities	-365	212	-49
Purchase of land in exchange for note payable	4,379	8,982	1,457
Contribution of inventory to unconsolidated joint venture	4,082	0	0
Elimination of consolidated joint venture inventory, receivables from related parties and other assets	0	-41,600	0
Elimination of consolidated joint venture note payable and other liabilities	0	-1,949	0
Redemption of Company's interest in consolidated joint venture and elimination of non-controlling interest, less cash retained by non-controlling interest	0	-39,651	0
Contribution of net assets for payment on notes receivables from related parties	0	0	41,524
Distribution of land from unconsolidated joint venture	0	0	15,422
Distribution of note payable from unconsolidated joint venture	0	0	599
Distribution of land to non-controlling interests	0	0	-769
Transfer of land from inventory to property and equipment	0	0	1,838
Sale of property and equipment in exchange for note receivable from related party	0	0	6,500
Sale of property and equipment in exchange for relief of prepaid assets and assumptions of payables, net	$0	$0	$591

Financial_Information_for_Repo

Financial Information for Reportable Segments - Assets (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Disclosure [Line Items]	'	'
Assets	$1,505,333	$1,373,537
Corporate	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	264,917	345,367
Homebuilding	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	1,240,416	1,028,170
Homebuilding \| Southern California	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	316,339	213,481
Homebuilding \| San Diego	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	160,593	148,272
Homebuilding \| Northern California	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	286,513	256,728
Homebuilding \| Mountain West	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	316,459	297,276
Homebuilding \| South West	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	155,416	105,470
Homebuilding \| East	'	'
Segment Reporting Disclosure [Line Items]	'	'
Assets	$5,096	$6,943

Financial_Information_for_Repo1

Financial Information for Reportable Segments - Inventory (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Disclosure [Line Items]	'	'
Inventory	$1,013,272	$837,653
Homebuilding	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	1,013,272	837,653
Homebuilding \| Southern California	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	239,986	161,700
Homebuilding \| San Diego	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	142,395	129,895
Homebuilding \| Northern California	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	249,111	226,307
Homebuilding \| Mountain West	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	247,294	227,130
Homebuilding \| South West	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	132,484	89,756
Homebuilding \| East	'	'
Segment Reporting Disclosure [Line Items]	'	'
Inventory	$2,002	$2,865

Financial_Information_for_Repo2

Financial Information for Reportable Segments - Revenues (Detail) (USD $)

3 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Segment Reporting Disclosure [Line Items]

Revenues

$340,031

$238,309

$217,310

$134,960

$295,655

$146,421

$132,468

$105,603

$930,610

[1]

$680,147

[1]

$587,770

Corporate

Segment Reporting Disclosure [Line Items]

Revenues

913

985

1,385

Homebuilding

Segment Reporting Disclosure [Line Items]

Revenues

929,697

679,162

586,385

Homebuilding | Southern California

Segment Reporting Disclosure [Line Items]

Revenues

207,650

133,990

167,417

Homebuilding | San Diego

Segment Reporting Disclosure [Line Items]

Revenues

125,494

85,971

86,856

Homebuilding | Northern California

Segment Reporting Disclosure [Line Items]

Revenues

242,356

166,106

108,788

Homebuilding | Mountain West

Segment Reporting Disclosure [Line Items]

Revenues

186,899

147,784

102,870

Homebuilding | South West

Segment Reporting Disclosure [Line Items]

Revenues

160,744

138,161

114,409

Homebuilding | East

Segment Reporting Disclosure [Line Items]

Revenues

$6,554

$7,150

$6,045

[1]

Some amounts do not add across due to rounding differences in quarterly amounts

Financial_Information_Relating

Financial Information Relating to Reportable Segments - Income (Loss) Before Income Taxes (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	$111,838	$29,800	($110,311)
Corporate	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	1,767	-2,609	-89,280
Homebuilding	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	110,071	32,409	-21,031
Homebuilding \| Southern California	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	44,236	12,843	4,067
Homebuilding \| San Diego	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	7,717	2,493	-5,998
Homebuilding \| Northern California	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	40,648	19,292	-14,296
Homebuilding \| Mountain West	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	9,463	156	-4,037
Homebuilding \| South West	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	8,356	-2,173	-1,168
Homebuilding \| East	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Income (loss) before income taxes	($349)	($202)	$401

Financial_Information_Relating1

Financial Information Relating to Segments - Impairment (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	$0	$0	$32,975
Homebuilding \| Southern California	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	0	0	7,189
Homebuilding \| San Diego	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	0	0	9,684
Homebuilding \| Northern California	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	0	0	13,875
Homebuilding \| Mountain West	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	0	0	0
Homebuilding \| South West	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	0	0	2,227
Homebuilding \| East	'	'	'
Segment Reporting Disclosure [Line Items]	'	'	'
Impairments	$0	$0	$0

Recovered_Sheet2

Results Of Quarterly Operations (Detail) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Quarterly Results Of Operations [Line Items]	'	'	'	'	'	'	'	'	'		'		'
Revenues	$340,031	$238,309	$217,310	$134,960	$295,655	$146,421	$132,468	$105,603	$930,610	[1]	$680,147	[1]	$587,770
Gross margin	85,388	55,848	48,426	31,536	65,459	31,196	24,490	20,568	221,198	[1]	141,713	[1]	72,192
Net income (loss)	73,744	25,826	19,532	6,837	33,202	8,300	-12,120	-198	125,939	[1]	29,184	[1]	-107,242
Net income (loss) attributable to SHLP	$73,751	$25,824	$19,534	$6,838	$33,220	$8,330	($12,101)	($411)	$125,947	[1]	$29,038	[1]	($114,385)

[1]	Some amounts do not add across due to rounding differences in quarterly amounts

Condensed_Consolidating_Balanc

Condensed Consolidating Balance Sheet (Detail) (USD $)	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
Assets	'		'		'		'
Cash and cash equivalents	$206,205		$279,756		$268,366		$166,874
Restricted cash	1,189		13,031		'		'
Accounts and other receivables, net	147,499		141,289		'		'
Receivables from related parties, net	32,350		34,028		'		'
Inventory	1,013,272		837,653		'		'
Investments in unconsolidated joint ventures	47,748		28,653		'		'
Other assets, net	57,070		39,127		'		'
Total assets	1,505,333		1,373,537		'		'
Liabilities:	'		'		'		'
Notes payable	751,708		758,209		'		'
Payables to related parties	21		125		'		'
Accounts payable	62,346		62,738		'		'
Other liabilities	245,801		233,218		'		'
Total liabilities	1,059,876		1,054,290		'		'
SHLP equity:	'		'		'		'
Owners' equity	440,268		314,321		'		'
Accumulated other comprehensive income	4,788		4,517		'		'
Total SHLP equity	445,056		318,838		'		'
Non-controlling interests	401		409		'		'
Total equity	445,457		319,247		328,003		432,313
Total liabilities and equity	1,505,333		1,373,537		'		'
SHLP Corp	'		'		'		'
Assets	'		'		'		'
Cash and cash equivalents	153,794	[1],[2]	216,914	[1],[3],[4]	157,511	[3],[5]	99,511	[5]
Restricted cash	695	[2]	11,999	[4]	'		'
Accounts and other receivables, net	120,299	[2]	117,560	[4]	'		'
Receivables from related parties, net	9,251	[2]	8,271	[4]	'		'
Inventory	749,832	[2]	572,010	[4]	'		'
Investments in unconsolidated joint ventures	22,068	[2]	13,948	[4]	'		'
Investments in subsidiaries	748,326	[2]	672,388	[4]	'		'
Other assets, net	24,030	[2]	17,712	[4]	'		'
Intercompany	0	[2]	0	[4]	'		'
Total assets	1,828,295	[2]	1,630,802	[4]	'		'
Liabilities:	'		'		'		'
Notes payable	751,708	[2]	758,209	[4]	'		'
Payables to related parties	20	[2]	26	[4]	'		'
Accounts payable	36,594	[2]	34,384	[4]	'		'
Other liabilities	171,470	[2]	162,894	[4]	'		'
Intercompany	423,447	[2]	356,451	[4]	'		'
Total liabilities	1,383,239	[2]	1,311,964	[4]	'		'
SHLP equity:	'		'		'		'
Owners' equity	440,268	[2]	314,321	[4]	'		'
Accumulated other comprehensive income	4,788	[2]	4,517	[4]	'		'
Total SHLP equity	445,056	[2]	318,838	[4]	'		'
Non-controlling interests	0	[2]	0	[4]	'		'
Total equity	445,056	[2]	318,838	[4]	'		'
Total liabilities and equity	1,828,295	[2]	1,630,802	[4]	'		'
Guarantor Subsidiaries	'		'		'		'
Assets	'		'		'		'
Cash and cash equivalents	43,803		48,895		96,100		54,393
Restricted cash	354		875		'		'
Accounts and other receivables, net	26,754		23,537		'		'
Receivables from related parties, net	22,027		25,668		'		'
Inventory	263,213		264,459		'		'
Investments in unconsolidated joint ventures	1,091		984		'		'
Investments in subsidiaries	69,755		64,971		'		'
Other assets, net	32,957		21,388		'		'
Intercompany	465,706		376,420		'		'
Total assets	925,660		827,197		'		'
Liabilities:	'		'		'		'
Notes payable	0		0		'		'
Payables to related parties	0		0		'		'
Accounts payable	25,334		27,879		'		'
Other liabilities	41,370		36,700		'		'
Intercompany	0		-376,420		'		'
Total liabilities	66,704		-311,841		'		'
SHLP equity:	'		'		'		'
Owners' equity	854,168		758,101		'		'
Accumulated other comprehensive income	4,788		4,517		'		'
Total SHLP equity	858,956		762,618		'		'
Non-controlling interests	0		0		'		'
Total equity	858,956		762,618		'		'
Total liabilities and equity	925,660		450,777		'		'
Non-Guarantor Subsidiaries	'		'		'		'
Assets	'		'		'		'
Cash and cash equivalents	8,608		13,947		14,755		12,970
Restricted cash	140		157		'		'
Accounts and other receivables, net	28,696		35,250		'		'
Receivables from related parties, net	796		89		'		'
Inventory	3,361		1,918		'		'
Investments in unconsolidated joint ventures	24,589		13,721		'		'
Investments in subsidiaries	90,484		93,883		'		'
Other assets, net	83		27		'		'
Intercompany	0		0		'		'
Total assets	156,757		158,992		'		'
Liabilities:	'		'		'		'
Notes payable	0		0		'		'
Payables to related parties	1		0		'		'
Accounts payable	418		475		'		'
Other liabilities	61,211		69,416		'		'
Intercompany	45,117		20,068		'		'
Total liabilities	106,747		89,959		'		'
SHLP equity:	'		'		'		'
Owners' equity	49,609		68,624		'		'
Accumulated other comprehensive income	0		0		'		'
Total SHLP equity	49,609		68,624		'		'
Non-controlling interests	401		409		'		'
Total equity	50,010		69,033		'		'
Total liabilities and equity	156,757		158,992		'		'
Consolidation, Eliminations	'		'		'		'
Assets	'		'		'		'
Cash and cash equivalents	0		0		0		0
Restricted cash	0		0		'		'
Accounts and other receivables, net	-28,250		-35,058		'		'
Receivables from related parties, net	276		0		'		'
Inventory	-3,134		-734		'		'
Investments in unconsolidated joint ventures	0		0		'		'
Investments in subsidiaries	-908,565		-831,242		'		'
Other assets, net	0		0		'		'
Intercompany	-465,706		-376,420		'		'
Total assets	-1,405,379		-1,243,454		'		'
Liabilities:	'		'		'		'
Notes payable	0		0		'		'
Payables to related parties	0		99		'		'
Accounts payable	0		0		'		'
Other liabilities	-28,250		-35,792		'		'
Intercompany	-468,564		-99		'		'
Total liabilities	-496,814		-35,792		'		'
SHLP equity:	'		'		'		'
Owners' equity	-903,777		-826,725		'		'
Accumulated other comprehensive income	-4,788		-4,517		'		'
Total SHLP equity	-908,565		-831,242		'		'
Non-controlling interests	0		0		'		'
Total equity	-908,565		-831,242		'		'
Total liabilities and equity	-1,405,379		-867,034		'		'
Total	'		'		'		'
Assets	'		'		'		'
Cash and cash equivalents	206,205		279,756		'		'
Restricted cash	1,189		13,031		'		'
Accounts and other receivables, net	147,499		141,289		'		'
Receivables from related parties, net	32,350		34,028		'		'
Inventory	1,013,272		837,653		'		'
Investments in unconsolidated joint ventures	47,748		28,653		'		'
Investments in subsidiaries	0		0		'		'
Other assets, net	57,070		39,127		'		'
Intercompany	0		0		'		'
Total assets	1,505,333		1,373,537		'		'
Liabilities:	'		'		'		'
Notes payable	751,708		758,209		'		'
Payables to related parties	21		125		'		'
Accounts payable	62,346		62,738		'		'
Other liabilities	245,801		233,218		'		'
Intercompany	0		0		'		'
Total liabilities	1,059,876		1,054,290		'		'
SHLP equity:	'		'		'		'
Owners' equity	440,268		314,321		'		'
Accumulated other comprehensive income	4,788		4,517		'		'
Total SHLP equity	445,056		318,838		'		'
Non-controlling interests	401		409		'		'
Total equity	445,457		319,247		'		'
Total liabilities and equity	$1,505,333		$1,373,537		'		'

[1]	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2013 were not material.
[2]	Includes Shea Homes Funding Corp., whose financial position at December 31, 2013 was not material.
[3]	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2012 were not material.
[4]	Includes Shea Homes Funding Corp., whose financial position at December 31, 2012 was not material.
[5]	Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose cash flows were not material.

Condensed_Consolidating_Statem

Condensed Consolidating Statement of Operations and Comprehensive Income (Loss) (Detail) (USD $)

3 Months Ended

4 Months Ended

12 Months Ended

In Thousands, unless otherwise specified

Dec. 31, 2013

Sep. 30, 2013

Jun. 30, 2013

Mar. 31, 2013

Dec. 31, 2012

Sep. 30, 2012

Jun. 30, 2012

Mar. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Condensed Financial Statements, Captions [Line Items]

Revenues

$340,031

$238,309

$217,310

$134,960

$295,655

$146,421

$132,468

$105,603

$930,610

[1]

$680,147

[1]

$587,770

Cost of sales

-709,412

-538,434

-515,578

Gross margin

85,388

55,848

48,426

31,536

65,459

31,196

24,490

20,568

221,198

[1]

141,713

[1]

72,192

Selling expenses

-54,338

-45,788

-45,251

General and administrative expenses

-50,080

-43,747

-37,374

Equity in income (loss) from unconsolidated joint ventures

-1,104

378

-5,134

Equity in income (loss) from subsidiaries

Loss on debt extinguishment

-88,384

Gain (loss) on reinsurance

2,011

-12,013

3,072

Interest expense

-5,071

[2]

-19,862

[2]

-16,806

[2]

Other income (expense), net

-778

9,119

7,374

Income (loss) before income taxes

111,838

29,800

-110,311

Income tax benefit (expense)

14,101

-616

3,069

Net income (loss)

73,744

25,826

19,532

6,837

33,202

8,300

-12,120

-198

125,939

[1]

29,184

[1]

-107,242

Less: Net loss (income) attributable to non-controlling interests

-146

-7,143

Net income (loss) attributable to SHLP

73,751

25,824

19,534

6,838

33,220

8,330

-12,101

-411

125,947

[1]

29,038

[1]

-114,385

Comprehensive income (loss)

126,210

27,309

-106,213

SHLP Corp

Condensed Financial Statements, Captions [Line Items]

Revenues

505,510

[3]

470,756

[4]

449,926

[5]

Cost of sales

-406,563

[3]

-372,576

[4]

-398,193

[5]

Gross margin

98,947

[3]

98,180

[4]

51,733

[5]

Selling expenses

-28,925

[3]

-26,836

[4]

-28,522

[5]

General and administrative expenses

-34,936

[3]

-30,560

[4]

-26,351

[5]

Equity in income (loss) from unconsolidated joint ventures

-2,020

[3]

-338

[4]

-1,371

[5]

Equity in income (loss) from subsidiaries

100,821

[3]

11,334

[4]

-3,852

[5]

Loss on debt extinguishment

-88,384

[5]

Gain (loss) on reinsurance

[3]

[4]

[5]

Interest expense

-3,658

[3]

-17,326

[4]

-15,832

[5]

Other income (expense), net

-4,280

[3]

-5,411

[4]

-1,803

[5]

Income (loss) before income taxes

125,949

[3]

29,043

[4]

-114,382

[5]

Income tax benefit (expense)

-2

[3]

-5

[4]

-3

[5]

Net income (loss)

125,947

[3]

29,038

[4]

-114,385

[5]

Less: Net loss (income) attributable to non-controlling interests

[3]

[4]

[5]

Net income (loss) attributable to SHLP

125,947

[3]

29,038

[4]

-114,385

[5]

Comprehensive income (loss)

126,218

[3]

27,163

[4]

-113,356

[5]

Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

Revenues

404,393

200,329

128,808

Cost of sales

-302,081

-164,992

-113,553

Gross margin

102,312

35,337

15,255

Selling expenses

-18,847

-13,531

-11,686

General and administrative expenses

-12,294

-10,500

-8,938

Equity in income (loss) from unconsolidated joint ventures

-65

-43

-388

Equity in income (loss) from subsidiaries

-1,443

-20,211

6,813

Loss on debt extinguishment

Gain (loss) on reinsurance

Interest expense

-1,413

-2,532

-974

Other income (expense), net

3,428

12,905

2,188

Income (loss) before income taxes

71,678

1,425

2,270

Income tax benefit (expense)

14,112

-601

3,088

Net income (loss)

85,790

824

5,358

Less: Net loss (income) attributable to non-controlling interests

Net income (loss) attributable to SHLP

85,790

824

5,358

Comprehensive income (loss)

86,061

-1,051

6,387

Non-Guarantor Subsidiaries

Condensed Financial Statements, Captions [Line Items]

Revenues

20,707

9,062

9,036

Cost of sales

-1,502

-1,343

-4,261

Gross margin

19,205

7,719

4,775

Selling expenses

-6,566

-5,421

-5,043

General and administrative expenses

-2,850

-2,687

-2,085

Equity in income (loss) from unconsolidated joint ventures

981

759

-3,375

Equity in income (loss) from subsidiaries

-3,342

-4,556

7,393

Loss on debt extinguishment

Gain (loss) on reinsurance

2,011

-12,013

3,072

Interest expense

-4

Other income (expense), net

808

2,102

7,418

Income (loss) before income taxes

10,247

-14,101

12,155

Income tax benefit (expense)

-9

-10

-16

Net income (loss)

10,238

-14,111

12,139

Less: Net loss (income) attributable to non-controlling interests

-146

-7,143

Net income (loss) attributable to SHLP

10,246

-14,257

4,996

Comprehensive income (loss)

10,238

-14,111

12,139

Consolidation, Eliminations

Condensed Financial Statements, Captions [Line Items]

Revenues

Cost of sales

734

477

429

Gross margin

734

477

429

Selling expenses

General and administrative expenses

Equity in income (loss) from unconsolidated joint ventures

Equity in income (loss) from subsidiaries

-96,036

13,433

-10,354

Loss on debt extinguishment

Gain (loss) on reinsurance

Interest expense

Other income (expense), net

-734

-477

-429

Income (loss) before income taxes

-96,036

13,433

-10,354

Income tax benefit (expense)

Net income (loss)

-96,036

13,433

-10,354

Less: Net loss (income) attributable to non-controlling interests

Net income (loss) attributable to SHLP

-96,036

13,433

-10,354

Comprehensive income (loss)

($96,307)

$15,308

($11,383)

[1]

Some amounts do not add across due to rounding differences in quarterly amounts

[2]

[3]

Includes Shea Homes Funding Corp., whose results of operations for the year ended December 31, 2013 was not material.

[4]

Includes Shea Homes Funding Corp., whose results of operations for the year ended December 31, 2012 was not material.

[5]

Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose results were not material.

Condensed_Consolidating_Statem1

Condensed Consolidating Statement of Cash Flows (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
Operating activities	'		'		'
Net cash provided by (used in) operating activities	($45,898)		($6,191)		$38,878
Investing activities	'		'		'
Purchase of available-for-sale investments	0		0		-20,205
Proceeds from sale of available-for-sale investments	3,165		26,547		1,724
Proceeds from sale of investments in joint venture	0		0		14,000
Net decrease (increase) in promissory notes from related parties	3,335		1,987		107,680
Investments in unconsolidated joint ventures	-25,376		-11,967		-17,281
Distributions from unconsolidated joint ventures	4,072		321		8,012
Proceeds from sale of property and equipment	10		0		12,893
Other investing activities	1,366		-143		-122
Net cash provided by (used in) investing activities	-16,773		16,424		104,977
Financing activities	'		'		'
Repayments on revolving lines of credit	0		0		-80,448
Borrowings from financial institutions	'		'		750,000
Principal payments to financial institutions and others	-10,880		-2,429		-721,953
Intercompany	0		0		0
Other financing activities	'		3,586		10,038
Net cash provided by (used in) financing activities	-10,880		1,157		-42,363
Net increase (decrease) in cash and cash equivalents	-73,551		11,390		101,492
Cash and cash equivalents at beginning of year	279,756		268,366		166,874
Cash and cash equivalents at end of year	206,205		279,756		268,366
SHLP Corp	'		'		'
Operating activities	'		'		'
Net cash provided by (used in) operating activities	-134,342	[1]	33,609	[2]	56,254	[3]
Investing activities	'		'		'
Purchase of available-for-sale investments	'		'		0	[3]
Proceeds from sale of available-for-sale investments	0	[1]	0	[2]	'
Proceeds from sale of investments in joint venture	'		'		0	[3]
Net decrease (increase) in promissory notes from related parties	'		1,142	[2]	-1,793	[3]
Investments in unconsolidated joint ventures	-9,713	[1]	-10,898	[2]	-800	[3]
Distributions from unconsolidated joint ventures	0	[1]	'		0	[3]
Proceeds from sale of property and equipment	'		'		12,892	[3]
Other investing activities	-335	[1]	-89	[2]	-1,761	[3]
Net cash provided by (used in) investing activities	-10,048	[1]	-9,845	[2]	8,538	[3]
Financing activities	'		'		'
Repayments on revolving lines of credit	'		'		-80,448	[3]
Borrowings from financial institutions	'		'		750,000	[3]
Principal payments to financial institutions and others	-10,880	[1]	-2,230	[2]	-721,953	[3]
Intercompany	92,150	[1]	35,517	[2]	36,210	[3]
Other financing activities	'		2,352	[2]	9,399	[3]
Net cash provided by (used in) financing activities	81,270	[1]	35,639	[2]	-6,792	[3]
Net increase (decrease) in cash and cash equivalents	-63,120	[1]	59,403	[2]	58,000	[3]
Cash and cash equivalents at beginning of year	216,914	[1],[2],[4]	157,511	[2],[3]	99,511	[3]
Cash and cash equivalents at end of year	153,794	[1],[5]	216,914	[1],[2],[4]	157,511	[2],[3]
Guarantor Subsidiaries	'		'		'
Operating activities	'		'		'
Net cash provided by (used in) operating activities	74,734		-63,637		-12,550
Investing activities	'		'		'
Purchase of available-for-sale investments	'		'		-20,205
Proceeds from sale of available-for-sale investments	3,165		26,547		'
Proceeds from sale of investments in joint venture	'		'		0
Net decrease (increase) in promissory notes from related parties	'		988		-25,122
Investments in unconsolidated joint ventures	-277		-229		-117
Distributions from unconsolidated joint ventures	0		'		2,487
Proceeds from sale of property and equipment	'		'		0
Other investing activities	2,522		-54		1,639
Net cash provided by (used in) investing activities	5,410		27,252		-41,318
Financing activities	'		'		'
Repayments on revolving lines of credit	'		'		0
Borrowings from financial institutions	'		'		0
Principal payments to financial institutions and others	0		0		0
Intercompany	-85,236		-10,820		95,575
Other financing activities	'		0		0
Net cash provided by (used in) financing activities	-85,236		-10,820		95,575
Net increase (decrease) in cash and cash equivalents	-5,092		-47,205		41,707
Cash and cash equivalents at beginning of year	48,895		96,100		54,393
Cash and cash equivalents at end of year	43,803		48,895		96,100
Non-Guarantor Subsidiaries	'		'		'
Operating activities	'		'		'
Net cash provided by (used in) operating activities	10,951		25,506		2,499
Investing activities	'		'		'
Purchase of available-for-sale investments	'		'		0
Proceeds from sale of available-for-sale investments	0		0		'
Proceeds from sale of investments in joint venture	'		'		14,000
Net decrease (increase) in promissory notes from related parties	'		-143		-892
Investments in unconsolidated joint ventures	-15,386		-840		-16,364
Distributions from unconsolidated joint ventures	4,072		'		5,525
Proceeds from sale of property and equipment	'		'		1
Other investing activities	-821		0		0
Net cash provided by (used in) investing activities	-12,135		-983		2,270
Financing activities	'		'		'
Repayments on revolving lines of credit	'		'		0
Borrowings from financial institutions	'		'		0
Principal payments to financial institutions and others	0		-199		0
Intercompany	-4,155		-26,366		-3,623
Other financing activities	'		1,234		639
Net cash provided by (used in) financing activities	-4,155		-25,331		-2,984
Net increase (decrease) in cash and cash equivalents	-5,339		-808		1,785
Cash and cash equivalents at beginning of year	13,947		14,755		12,970
Cash and cash equivalents at end of year	8,608		13,947		14,755
Consolidation, Eliminations	'		'		'
Operating activities	'		'		'
Net cash provided by (used in) operating activities	2,759		-1,669		-7,325
Investing activities	'		'		'
Purchase of available-for-sale investments	'		'		0
Proceeds from sale of available-for-sale investments	0		0		'
Proceeds from sale of investments in joint venture	'		'		0
Net decrease (increase) in promissory notes from related parties	'		0		135,487
Investments in unconsolidated joint ventures	0		0		0
Distributions from unconsolidated joint ventures	0		'		0
Proceeds from sale of property and equipment	'		'		0
Other investing activities	0		0		0
Net cash provided by (used in) investing activities	0		0		135,487
Financing activities	'		'		'
Repayments on revolving lines of credit	'		'		0
Borrowings from financial institutions	'		'		0
Principal payments to financial institutions and others	0		0		0
Intercompany	-2,759		1,669		-128,162
Other financing activities	'		0		0
Net cash provided by (used in) financing activities	-2,759		1,669		-128,162
Net increase (decrease) in cash and cash equivalents	0		0		0
Cash and cash equivalents at beginning of year	0		0		0
Cash and cash equivalents at end of year	$0		$0		$0

[1]	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2013 were not material.
[2]	Includes Shea Homes Funding Corp., whose cash flows for the year ended December 31, 2012 were not material.
[3]	Includes Shea Homes Funding Corp. since inception on April 26, 2011, whose cash flows were not material.
[4]	Includes Shea Homes Funding Corp., whose financial position at December 31, 2012 was not material.
[5]	Includes Shea Homes Funding Corp., whose financial position at December 31, 2013 was not material.

Subsequent_Events_Additional_I

Subsequent Events - Additional Information (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	10-May-11	Dec. 31, 2013	Dec. 31, 2012	Feb. 28, 2014	Jan. 31, 2014	Feb. 28, 2014	Jan. 31, 2014	Feb. 28, 2014	Jan. 31, 2014
				JFSCI	JFSCI	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event	Subsequent Event
				Related Party Receivables and Payables	Related Party Receivables and Payables		JFSCI	Revolving Credit Facility	Northern California	Southern California	Amended Credit Facility
							Related Party Receivables and Payables
Subsequent Event [Line Items]	'	'	'	'	'	'	'	'	'	'	'
Letters of credit, borrowing capacity	'	'	$75,000,000	'	'	'	'	'	'	'	$75,000,000
Prepayment on notes	'	'	'	3,800,000	1,900,000	'	8,400,000	'	'	'	'
Inventory	1,013,272,000	837,653,000	'	'	'	'	'	'	4,400,000	'	'
Liabilities assumed	'	'	'	'	'	'	'	'	5,700,000	'	'
Revenue participation payments, gross revenues from home closing percentage	'	'	'	'	'	'	'	'	11.00%	'	'
Other liability	245,801,000	233,218,000	'	'	'	'	'	'	19,600,000	'	'
Charges to equity	'	'	'	'	'	'	'	'	25,300,000	'	'
Line of credit facility, maximum borrowing capacity	'	'	'	'	'	125,000,000	'	125,000,000	'	'	'
Line of Credit Facility, Interest Rate Description	'	'	'	'	'	'	'	'The Revolver which bears interest at LIBOR plus 2.75% and matures March 1, 2016.	'	'	'
Maturity date	'	'	'	'	'	'	'	1-Mar-16	'	'	'
Interest rate	'	'	'	'	'	'	'	2.75%	'	'	'
Amortizing period of term loan	'	'	'	'	'	'	'	'18 months	'	'	'
Sale of land	'	'	'	'	'	'	'	'	'	1,000,000	'
Net sales proceeds recorded as an equity contribution	'	'	'	'	'	'	'	'	'	$900,000	'