Century Communities (CCS) 10-K 15 Feb 17 2016 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Feb. 07, 2017	Jun. 30, 2016
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Entity Registrant Name	Century Communities, Inc.
Entity Central Index Key	1,576,940
Entity Filer Category	Accelerated Filer
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Trading Symbol	ccs
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Public Float			$ 269.4
Entity Common Stock, Shares Outstanding		21,608,891

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 29,450	$ 29,287
Cash held in escrow	20,044	11,817
Accounts receivable	5,729	5,241
Inventories	857,885	810,137
Prepaid expenses and other assets	40,457	26,735
Property and equipment, net	11,412	8,375
Investment in unconsolidated subsidiaries	18,275
Amortizable intangible assets, net	2,911	4,784
Goodwill	21,365	21,365
Total Assets	1,007,528	917,741
Liabilities:
Accounts payable	15,708	10,967
Accrued expenses and other liabilities	62,314	106,777
Deferred tax liability, net	1,782	275
Notes payable and revolving line of credit	454,088	390,243
Total liabilities	533,892	508,262
Stockholders' equity:
Preferred Stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 21,620,544 and 21,303,702 shares issued and outstanding at December 31, 2016 and December 31, 2015, respectively	216	213
Additional paid-in capital	355,567	340,953
Retained earnings	117,853	68,313
Total stockholders' equity	473,636	409,479
Total liabilities and stockholders' equity	$ 1,007,528	$ 917,741

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Consolidated Balance Sheets [Abstract]
Preferred stock, par value	$ 0.01	$ 0.01
Preferred stock shares authorized	50,000,000	50,000,000
Preferred stock shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock shares authorized	100,000,000	100,000,000
Common stock shares issued	21,620,544	21,303,702
Common stock shares outstanding	21,620,544	21,303,702

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue
Home sales revenues	$ 292,398	$ 248,075	$ 257,179	$ 181,081	$ 204,519	$ 179,775	$ 186,808	$ 154,335	$ 978,733	$ 725,437	$ 351,823
Land sales revenues									11,799	3,405	4,800
Golf course and other revenue									3,908	5,647	5,769
Total revenue									994,440	734,489	362,392
Costs and expenses
Cost of home sales revenues									786,127	579,203	276,386
Cost of land sales revenues									10,589	3,395	1,808
Cost of golf course and other revenue									3,628	5,037	6,301
Selling, general, and administrative									122,224	87,840	46,795
Total operating costs and expenses									922,568	675,475	331,290
Operating income									71,872	59,014	31,102
Other income (expense):
Interest income									195	129	362
Interest expense									(5)	(10)	(26)
Equity in income of unconsolidated subsidiaries									191
Acquisition expense									(490)	(491)	(1,414)
Other income									940	1,535	736
Gain (loss) on disposition of assets									446	128	199
Income before income tax expense	21,892	19,731	19,097	12,429	20,405	15,945	14,431	9,524	73,149	60,305	30,959
Income tax expense									23,609	20,415	10,937
Net income	$ 15,073	$ 13,342	$ 13,142	$ 7,983	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 49,540	$ 39,890	$ 20,022
Earnings per share:
Basic									$ 2.34	$ 1.88	$ 1.03
Diluted									$ 2.33	$ 1.88	$ 1.03
Weighted average common shares outstanding:
Basic									20,679,189	20,569,012	19,226,504
Diluted									20,791,937	20,569,012	19,226,504

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) shares in Thousands, $ in Thousands	Common Stock [Member]	Paid-In Capital [Member]	Retained Earnings [Member]	Total
Beginning Balance at Dec. 31, 2013	$ 173	$ 262,982	$ 8,401	$ 271,556
Beginning balance (in shares) at Dec. 31, 2013	17,258
Issuance of common stock	$ 40	81,524		81,564
Issuance of common stock, shares	4,000
Repurchase of common stock	$ (6)	(9,740)		(9,746)
Repurchase of common stock, shares	(608)
Repurchase of common stock upon vesting of restricted stock awards		(386)		(386)
Repurchase of common stock upon vesting of restricted stock awards, shares	(17)
Issuance of restricted stock awards, shares	250
Stock-based compensation expense	$ 2	2,150		2,152
Excess tax benefit of stock-based compensation		43		43
Forfeitures of restricted stock awards, shares	(7)
Net income			20,022	20,022
Ending Balance at Dec. 31, 2014	$ 209	336,573	28,423	365,205
Ending balance (in shares) at Dec. 31, 2014	20,876
Repurchase of common stock upon vesting of restricted stock awards		(861)		(861)
Repurchase of common stock upon vesting of restricted stock awards, shares	(44)
Issuance of restricted stock awards, shares	501
Stock-based compensation expense	$ 4	5,241		5,245
Forfeitures of restricted stock awards, shares	(29)
Net income			39,890	39,890
Ending Balance at Dec. 31, 2015	$ 213	340,953	68,313	409,479
Ending balance (in shares) at Dec. 31, 2015	21,304
Issuance of common stock	$ 6	11,363		11,369
Issuance of common stock, shares	578
Repurchase of common stock	$ (2)	(2,391)		(2,393)
Repurchase of common stock, shares	(159)
Repurchase of common stock upon vesting of restricted stock awards	$ (1)	(1,015)		(1,015)
Repurchase of common stock upon vesting of restricted stock awards, shares	(60)
Stock-based compensation expense		6,657		6,656
Forfeitures of restricted stock awards, shares	(42)
Net income			49,540	49,540
Ending Balance at Dec. 31, 2016	$ 216	$ 355,567	$ 117,853	$ 473,636
Ending balance (in shares) at Dec. 31, 2016	21,621

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating activities
Net income	$ 49,540	$ 39,890	$ 20,022
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	5,580	4,713	2,941
Stock-based compensation expense	6,656	5,245	2,152
Deferred income taxes	1,507	1,634	(2,054)
Excess tax benefit on stock-based compensation			(43)
Equity in income of unconsolidated subsidiaries	(191)
Gain on disposition of assets	(446)	(128)	(199)
Changes in assets and liabilities:
Cash held in escrow	(8,227)	(1,821)	(6,968)
Accounts receivable	(488)	(1,438)	(1,803)
Inventories	(91,858)	(208,524)	(160,886)
Prepaid expenses and other assets	(13,420)	4,811	(11,140)
Accounts payable	4,657	(6,102)	3,444
Accrued expenses and other liabilities	854	(1,014)	24,863
Net cash used in operating activities	(45,836)	(162,734)	(129,671)
Investing activities
Purchases of property and equipment	(7,762)	(5,750)	(1,127)
Proceeds from sale of assets	1,464	1,442
Investment in unconsolidated subsidiaries	(17,000)
Proceeds from secured note receivable	97	76
Acquisitions of businesses			(232,585)
Net cash used in investing activities	(23,201)	(4,232)	(233,712)
Financing activities
Borrowings under revolving credit facilities	220,000	180,000	119,000
Payments on revolving credit facilities	(160,000)	(65,000)	(99,000)
Proceeds from issuance of senior notes		58,956	198,478
Proceeds from issuance of insurance premium notes	11,612	1,169	6,760
Principal payments on notes payable	(9,217)	(8,656)	(3,083)
Debt issuance costs	(1,156)	(2,817)	(6,783)
Net proceeds from issuances of common stock	11,369		81,564
Repurchases of common stock upon vesting of restricted stock awards	(1,015)	(861)	(386)
Repurchases of common stock under our stock repurchase program	(2,393)		(9,746)
Excess tax benefit on stock-based compensation			43
Net cash provided by financing activities	69,200	162,791	286,847
Net increase (decrease) in cash and cash equivalents	163	(4,175)	(76,536)
Cash and cash equivalents, Beginning of period	29,287	33,462	109,998
Cash and cash equivalents, End of period	29,450	29,287	33,462
Non-cash investing and financing information
Note receivable from sale of Tuscany golf course		3,000
Seller financed acquisitions of land			4,239
Supplemental cash flow disclosure
Cash paid for income taxes	$ 23,467	$ 18,657	$ 18,458

Nature of Operations and Summar

Nature of Operations and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2016
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations and Summary of Significant Accounting Policies	1. Nature of Operations and Summary of Significant Accounting Policies Nature of Operations Century Communities, Inc. (which we refer to as “we” or “the Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada, Atlanta, Georgia, and Salt Lake City, Utah. Our homebuilding operations are organized into the following six operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston, Nevada and Utah. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We were formed as a Colorado limited liability company in August 2002, and we converted into a Delaware corporation pursuant to the General Corporation Law of the State of Delaware on April 30, 2013. In connection with the conversion, all of the outstanding membership interests were converted into an aggregate of 5.0 million shares of common stock, which represented 100 % of the outstanding shares of the Company’s common stock immediately following the conversion. Also in connection with the conversion, the Company’s name was changed from Century Communities Colorado, LLC to Century Communities, Inc., and a total of 100.0 million shares of the Company’s common stock and 50.0 million shares of preferred stock were authorized for issuance.  Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and each variable interest entity (which we refer to as “VIE”) for which the Company is deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. All numbers related to lots and communities disclosed in the notes to the consolidated financial statements are unaudited. Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates. Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents. Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for less than a few days. Accounts Receivable Accounts receivable primarily consists of contract receivables related to certain contracts in our Central Texas operating segment accounted for under the percentage-of-completion method, income tax receivables and rebate receivables. We periodically review the collectability of our accounts receivables, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible. As of December 31, 2016 and 2015, no allowance was recorded related to accounts receivable. Inventories and Cost of Sales We capitalize pre-acquisition, land, development, and other allocated costs, including interest, during development and home construction. Land, development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is closed, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to completed homes. Inventories are carried at cost unless events and circumstances indicate that the carrying value may not be recoverable. We review for indicators of impairment at the lowest level of identifiable cash flows, which we have determined as the community level. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, decreases in actual or trending gross margins or sales absorption rates, significant unforeseen cost in excess of budget, and actual or projected cash flow losses. If an indicator of impairment is identified, we estimate the recoverability of the community by comparing the estimated future cash flows on an undiscounted basis to its carrying value. If the undiscounted cash flows are more than the carrying value, the community is recoverable and no impairment is recorded. If the undiscounted cash flows are less than the community’s carrying value, the community is deemed impaired and is written down to fair value. We generally estimate the fair value of the community through a discounted cash flow approach. When estimating cash flows of a community, we make various assumptions, including the following: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace based on local housing market conditions, competition, and historical trends; (iii) costs expended to date and expected to be incurred, including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; and (iv) alternative uses for the property. For the years ended December 31, 2016, 2015 and 2014, no inventory impairments were recorded. Home Sales and Profit Recognition Revenues from home sales are recorded and a profit is recognized when the respective units are closed, title has passed, the homeowner’s initial and continuing investment is adequate, and other attributes of ownership have been transferred to the homeowner. Sales incentives are recorded as a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. We also serve as the general contractor for custom homes in our Central Texas operating segment, where the customer and not the Company owns the underlying land (which we refer to as “Build on Your Own Lot Contracts”). Accordingly, we recognize revenue for the Build on Your Own Lot Contracts, which are primarily cost plus contracts, on the percentage-of-completion method where progress toward completion is measured by relating the actual cost of work performed to date to the current estimated total cost of the respective contracts. As the Company makes such estimates, judgments are required to evaluate potential variances in the cost of materials and labor and productivity. During the years ended December 31, 2016, 2015 and 2014, we recognized revenue of $ 7.3 million, $6.1 million and $ 22.0 million, respectively, and incurred costs of $5.3 million, $4.8 million and $17.4 million, respectively, associated with Build on Your Own Lot Contracts, which are presented in home sales revenues and cost of home sales revenues on the consolidated statement of operations, respectively. As of December 31, 2016 and 2015, we had $ 1.0 million and $ 0.8 million in contract receivables, respectively, and $0.4 million and $0.3 million in billings in excess of collections, respectively, related to the Build on Your Own Lot Contracts, which are presented on the consolidated balance sheet in accounts receivable and accrued expenses and other liabilities, respectively. Performance Deposits We are occasionally required to make a land, bond, and utility deposit as each new development is started. These amounts typically are refundable as each home is sold. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheet. Lot Option and Escrow Deposits We enter into lot option purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheet. Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows:     Years  Buildings and improvements 3 – 40 years  Leasehold improvements 3 – 10 years  Machinery and equipment 3 – 15 years  Furniture and fixtures 2 – 7 years  Model furnishings 2 – 5 years  Computer hardware and software 1 – 5 years  Investment in Unconsolidated Subsidiaries  We account for our investment in unconsolidated subsidiaries under the equity method because we exercise significant influence over, but do not control, these entities. Under the equity method, these investments are initially recorded at cost and are subsequently adjusted to reflect our proportionate share of net earnings or losses, distributions received, contributions made and certain other adjustments, as appropriate. Such investments are included in “Investment in unconsolidated subsidiaries” in our consolidated balance sheets. Distributions from these investments that are related to cash earnings from operations are included as operating activities and distributions that are related to capital transactions are included as investing activities in our consolidated statements of cash flows. We recognize our proportionate share of the ongoing earnings or losses of the unconsolidated subsidiary in “equity in income of unconsolidated subsidiaries” in our consolidated statements of operations.  We evaluate our investment in unconsolidated subsidiaries for impairment whenever events or changes in circumstances indicate that there may be an other-than-temporary decline in value. To do so, we calculate the estimated fair value of the investment using a market, income or replacement cost approach, or combination thereof. The amount of impairment recognized, if any, would be the excess of the investment’s carrying amount over its estimated fair value. We consider various factors to determine if a decline in the value of the investment is other-than-temporary. These factors are Level 2 and 3 inputs and include but are not limited to, age of the venture, our intent and ability to retain our investment in the entity, the financial condition and long-term prospects of the entity, expected term of the investment, and the relationships with our partners. If we believe that the decline in the fair value is temporary, no impairment is recorded. The aforementioned factors are taken as a whole by management in determining the valuation of our investment. Should the actual results differ from management’s estimates, the valuation could be negatively affected and may result in a negative impact on our consolidated financial statements. Amortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of trade names, home construction contracts, non-compete agreements, and home plans that were acquired upon closing of the acquisition of Jimmy Jacobs, LVLH, Grand View, and Peachtree. The acquisitions were accounted for as business combinations as defined in Accounting Standards Codification (which we refer to as “ASC”) 805, Business Combinations . A high degree of judgment is made by management on variables, such as revenue growth rates, profitability, and discount rates, when calculating the value of the intangible assets. The identified intangible assets are amortized over their respective estimated useful life. Trade names, non-compete agreements, and other intangibles assets are amortized to selling, general and administrative expenses in the consolidated statement of operations. Intangible assets for cell phone tower leases, and home construction contracts are amortized to other income and cost of home sales revenues, respectively, as income on the related contracts are earned. The estimated lives for each major amortizable classification of intangible assets are as follows:     Years  Trade names 2 – 4 years  Home construction contracts 1 – 2 years  Non-compete agreements 2 – 5 years  Cell phone tower leases 5 – 20 years  Home plans 7 years  Earnest Money Deposits We collect earnest deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2016 and 2015, totaled $7.3 million and $6.7 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheet. Stock-Based Compensation We account for share-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years, for all awards that vest. We value our restricted stock awards and restricted stock units equal to the closing price of our common stock on the New York Stock Exchange on the date of grant. Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company provides a corresponding valuation allowance against the deferred tax asset. As of December 31, 2016 and 2015, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the provision for income taxes on the consolidated statement of operations. As of December 31, 2016 and 2015, we had no reserves for uncertain tax positions. Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a three step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, we will proceed to the third step where the fair value of the reporting unit will be allocated to assets and liabilities as they would in a business combination. Impairment occurs when the carrying amount of goodwill exceeds its estimated fair value calculated in the third step.  As of December 31, 2016 and 2015, we determined our goodwill was no t impaired. Business Combinations We account for business combinations in accordance with ASC 850, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill. Variable Interest Entities We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. We are not the primary beneficiary of any VIE as of December 31, 2016 and 2015. We analyzed each of our land option contracts to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. As a result of our analysis, we determined that as of December 31, 2016, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2016 and 2015, we have non-refundable cash deposits totaling $10.5 million and $2.9 million, respectively, classified in “Prepaid expenses and other assets” in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2016 and 2015, respectively.  Recently Issued Accounting Standards In August 2015, the Financial Accounting Standards Board (which we refer to as “FASB”) issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606).” ASU 2015-14 defers the effective date of ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” and will be effective for the Company beginning on January 1, 2018, including interim reporting periods within that period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We plan to adopt ASU 2015-14 on January 1, 2018 under the modified retrospective approach. We do not believe that there will be a material impact on the amount or timing in recording home sales revenues as a result of adopting ASU 20 1 5-14. We will continue to evaluate the impact that the adoption of ASU 2015-14 will have on other aspects of our business and to our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for the Company beginning January 1, 2019 and interim periods within the annual periods. We are currently evaluating the impact ASU 2016-02 will have on our consolidated financial statements.  In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 was effective for the Company beginning January 1, 2017 and interim periods within the annual periods. Early adoption is permitted in any interim or annual period. We do not expect the adoption of ASU 2016-09 to have a material effect on our consolidated financial statements.  In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows- Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. ASU 2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017. We are currently evaluating the impact ASU 2016-15 will have on our consolidated financial statements. 

Reporting Segments

Reporting Segments	12 Months Ended
	Dec. 31, 2016
Reporting Segments [Abstract]
Reporting Segments	2. Reporting Segments Our homebuilding operations are organized into the following six operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston, Nevada and Utah. Our Corporate operations are a nonoperating segment, as it serves to support our homebuilding operations through functions such as our executive, finance, treasury, human resources, and accounting departments. Our homebuilding reportable segments are engaged in the development, design, construction, marketing and sale of single-family attached and detached homes. Our chief operating decision makers, the Co-CEO’s of our Company, primarily rely on total revenue and income before income tax expense to determine segment profitability. The following tables summarize total revenue and pretax income by operating segment (in thousands):     Year Ended December 31,  2016 2015 2014  Revenue:  Atlanta $ 343,141 $ 269,188 $ 36,726  Central Texas 107,435 77,996 55,845  Colorado 358,267 259,259 181,609  Houston 39,571 38,233 17,458  Nevada 143,395 89,813 70,754  Utah 2,631 — —  Corporate — — —  Total revenue $ 994,440 $ 734,489 $ 362,392   Income before income tax expense:  Atlanta $ 31,138 $ 23,574 $ 899  Central Texas 5,519 5,048 5,053  Colorado 51,713 37,090 29,924  Houston (2,833) (788) (759)  Nevada 15,586 12,425 8,588  Utah (686) — —  Corporate (27,288) (17,044) (12,746)  Total income before income tax expense $ 73,149 $ 60,305 $ 30,959 The following table summarizes total assets by operating segment (in thousands):      As of December 31,  2016 2015  Atlanta $ 262,448 $ 185,331  Central Texas 112,612 117,037  Colorado 293,467 313,653  Houston 25,780 51,534  Nevada 231,057 220,209  Utah 17,133 —  Corporate 65,031 29,977  Total assets $ 1,007,528 $ 917,741 Corporate assets primarily include cash and cash equivalents, prepaid insurance, our investment in unconsolidated subsidiaries, finished lots owned in Charlotte, North Carolina, and certain property and equipment.

Business Combinations

Business Combinations	12 Months Ended
	Dec. 31, 2016
Business Combinations [Abstract]
Business Combinations	3. Business Combinations We did not complete any business combinations during the years ended December 31, 2016 and 2015.  Business combinations during the year ended December 31, 2014 Acquisition of LVLH On April 1, 2014, we purchased substantially all of the assets and operations of LVLH, a homebuilder with operations in Las Vegas, Nevada, for a purchase price of approximately $ 165 million. The acquired assets consisted of 1,761 lots within five single-family communities in the greater Las Vegas, Nevada metropolitan area. The 1,761 lots included 57 homes in backlog, 17 model homes and three custom lots. In addition, we acquired two fully operational golf courses and two one-acre commercial plots. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.8 million in acquisition-related costs, which are included in other income (expense) on the consolidated statements of operations. The following table summarizes the amounts recognized as of the acquisition date (in thousands):      Assets acquired and liabilities assumed  Accounts receivable $ 347  Inventories 145,599  Prepaid expenses and other assets 1,876  Property and equipment 8,619  Amortizable intangible assets 3,042  Goodwill 11,283  Total assets $ 170,766   Accounts payable 2,074  Accrued expenses and other liabilities 1,816  Notes payable and capital lease obligations 1,497  Total liabilities $ 5,387 Acquired inventories consist of both acquired land and work in process inventories. We determined the estimate of fair value for acquired land inventory with the assistance of a third party appraiser primarily using a forecasted cash flow approach for the development, marketing, and sale of each community acquired. Significant assumptions included in our estimate include future per lot development costs, construction and overhead costs, mix of products sold in each community as well as average sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 7% to 24 % based upon the stage of production of the individual lot. We determined the estimate of fair value for amortizable intangible assets, which includes a non-solicitation agreement, cell phone tower leases, and home plans, with the assistance of a third party valuation firm. Our estimates of the fair value of the non-solicitation agreement, cell phone tower leases, and homes plans was $1.4 million, $1.4 million and $0.3 million, respectively, which will be amortized over 2 years, 16.6 years, and 7 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 9.1 years. We determined that LVLH’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $ 7.0 million of goodwill is expected to be deductible for tax purposes. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2014 is $70.8 million and $8.6 million, respectively, earned from LVLH subsequent to the acquisition date. Acquisition of Grand View On August 12, 2014, we purchased substantially all of the assets and operations of Grand View in Houston, Texas for a purchase price of approximately $ 13 million and annual earnout payments based on a percentage of adjusted pre-tax income over the next two years. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.1 million in acquisition-related costs, which are included in other income (expense) on the consolidated statements of operations. The following table summarizes the amounts recognized as of the acquisition date (in thousands):    Assets acquired and liabilities assumed  Accounts receivable $ 188  Inventories 12,070  Prepaid expenses and other assets 295  Property and equipment 185  Amortizable intangible assets 1,748  Goodwill 1,746  Total assets $ 16,232   Accrued expenses and other liabilities (inclusive of earnout liability) 3,376  Total liabilities $ 3,376  Acquired inventories consist of both acquired land, work in process and model inventories. We determined the fair value for acquired inventories on a lot by lot basis primarily using a forecasted cash flow approach for the development, marketing, and sale of each lot acquired. Significant assumptions included in our estimate include future construction and overhead costs, sales price, and absorption rates. We estimated the fair value of acquired work in process inventories based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 18 % based upon the stage of production of the individual lot. We determined the estimate of fair value for amortizable intangible assets, which includes a non-compete agreement, a trade name, home plans, and backlog associated with certain custom home contracts, with the assistance of a third party valuation firm. Our estimate of the fair value of the non-compete agreement, trade name, home plans and backlog were $ 0.5 million, $ 1.0 million, $0.1 million, and $0.2 million respectively, which will be amortized over 4 years, 2.7 years, 7 years, and 1.5 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 2.8 years. The fair value of the earnout on the acquisition date of $ 2.5 million was determined with the assistance of a third party valuation firm based on probability weighting scenarios and discounting the potential payments which are based on pre-tax income and range from $ 0 to a maximum of $5.3 million. The maximum earnout amount is subject to downward reductions of up to $ 1.5 million based on the number of future lots acquired over the next two years in our Houston operating segment. We determined that Grand View’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. No goodwill is expected to be deductible for tax purposes. During the year ended December 31, 2015, we recorded measurement period adjustments, which decreased the estimated value of amortizable intangible assets by $0.5 million and decreased the estimated value of inventories by $0.2 million, resulting in an increase in goodwill of $0.7 million. The measurement period adjustments also resulted in a decrease of $0.1 million for the year ended December 31, 2015 to selling, general, and administrative expenses and a reduction of $0.2 million to cost of home sales revenues on the consolidated statements of operations. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2014 is $ 17.5 million and ($0.8) million, respectively, resulting from Grand View subsequent to the acquisition date. Acquisition of Peachtree On November 13, 2014, we acquired substantially all the assets and operations of Peachtree, a leading homebuilder in Atlanta, Georgia for approximately $ 57 million in cash. The acquired assets include land, homes under construction, model homes and lot option contacts in 36 communities in the greater Atlanta area. As a result of the acquisition, we obtained ownership or control of 2,120 lots in the greater Atlanta market. As the acquired assets and processes have the ability to create outputs in the form of revenue from the sale of single family residences, we concluded that the acquisition represents a business combination. We incurred $ 0.5 million in acquisition-related costs, which are included in other income (expense) on the consolidated statements of operations. The following table summarizes our estimates of the fair value of the assets acquired and liabilities assumed as of the acquisition date (in thousands):     Assets acquired and liabilities assumed  Accounts receivable $ 11  Inventories 48,034  Prepaid expenses and other assets 762  Property and equipment 54  Amortizable intangible assets 4,044  Goodwill 7,857  Total assets $ 60,762   Accounts payable 3,304  Accrued expenses and other liabilities 3,108  Total liabilities $ 6,412  Acquired inventories primarily consist of work in process homebuilding inventory in various stages of construction and do not include significant amounts of land held for future development. Accordingly, we estimated the fair value based upon the stage of production of each unit and a gross margin that we believe a market participant would require to complete the remaining development and requisite selling efforts. The stage of production, as of the acquisition date, ranged from finished lots to fully completed single family residences. We estimated a market participant would require a gross margin ranging from 6% to 18 % based upon the stage of production of the individual lot. Due to the preliminary nature of these estimates combined with uncertainties in the estimation process and the significant volatility in demand for new housing, actual results could differ significantly from such estimates. Intangible assets consist of a non-compete agreement with the former owner of Peachtree, acquired home plans and acquired lot option agreements. The non-compete agreement was valued using a with and with-out approach which estimates the impact on future cash flows with and with-out the non-compete agreement. The difference between the projected cash flows is then discounted in order to estimate the fair value of the agreement. We estimated a fair value of $ 3.2 million for the non-compete agreement. Acquired home plans were valued using a replacement cost approach, which resulted in an estimated fair value of $ 0.2 million. The fair value of the acquired lot option agreements of $0.6 million was estimated based upon the difference between the contractual lot option purchase prices and the estimated fair value of similar lots on the acquisition date. The non-compete agreement, home plans and lot option agreements will be amortized over 5, 7 and 3 years, respectively. In total, amortizable intangible assets will be amortized over a weighted average life of 4.8 years. We determined that Peachtree’s carrying costs approximated fair value for all other acquired assets and assumed liabilities. Goodwill includes the anticipated economic value of the acquired workforce. Approximately $ 12.0 million of goodwill is expected to be deductible for tax purposes. During the year ended December 31, 2015, we recorded a measurement period adjustment, which increased the estimated value of amortizable intangible assets and decreased the fair value of goodwill by $0.6 million. The measurement period adjustment also resulted in an increase of $0.1 million for the year ended December 31, 2015 to cost of home sales revenues on our consolidated statements of operations. Included in home sales revenue and income before income taxes on the consolidated statement of operations for the year ended December 31, 2014 is $ 36.7 million resulting from Peachtree subsequent to the acquisition date.

Inventory

Inventory	12 Months Ended
	Dec. 31, 2016
Inventory [Abstract]
Inventory	4. Inventory Inventory included the following (in thousands):     As of December 31,  2016 2015  Homes under construction $ 455,454 $ 374,274  Land and land development 373,496 414,330  Capitalized interest 28,935 21,533  Total inventories $ 857,885 $ 810,137

Amortizable Intangible Assets

Amortizable Intangible Assets	12 Months Ended
	Dec. 31, 2016
Amortizable Intangible Assets [Abstract]
Amortizable Intangible Assets	5. Amortizable Intangible Assets Amortizable intangible assets included the following (in thousands):    As of December 31,  2016 2015  Trade names $ 1,185 $ 2,499  Home construction contracts — 880  Non-compete agreements 5,065 5,084  In place lot option contracts 628 628  Home plans 764 764  Gross intangible assets 7,642 9,855  Accumulated amortization (4,731) (5,071)  Intangible assets, net $ 2,911 $ 4,784 We recognized amortization expense on our intangibles of $1.9 million, $2.4 million and $1.5 million during the years ended December 31, 2016, 2015 and 2014, respectively. During the year ended December 31, 2016, we wrote off fully depreciated amortizable intangible assets totaling $2.2 million and the related accumulated amortization. As of December 31, 2016, expected amortization expense for amortizable intangible assets for each of the next five years, and thereafter, is as follows (in thousands):     2017 $ 1,266  2018 830  2019 675  2020 100  2021 40  Thereafter —  Intangible assets, net 2,911

Property and Equipment

Property and Equipment	12 Months Ended
	Dec. 31, 2016
Property and Equipment [Abstract]
Property and Equipment	 6. Property and Equipment Property and equipment included the following (in thousands):   As of December 31,  2016 2015  Land $ — $ 200  Buildings and improvements 300 958  Leasehold improvements 587 463  Machinery and equipment 605 222  Furniture and fixtures 730 458  Model furnishings 12,315 6,881  Computer hardware and software 3,641 2,538  18,178 11,720  Less accumulated depreciation (6,766) (3,345)  Total property and equipment, net $ 11,412 $ 8,375

Prepaid Expenses and Other Asse

Prepaid Expenses and Other Assets	12 Months Ended
	Dec. 31, 2016
Prepaid Expenses and Other Assets [Abstract]
Prepaid Expenses and Other Assets	7. Prepaid Expenses and Other Assets Prepaid expenses and other assets included the following (in thousands):     As of December 31,  2016 2015  Prepaid insurance $ 12,236 $ 5,696  Lot option and escrow deposits 12,320 4,634  Performance deposits 1,544 1,404  Deferred financing costs revolving line of credit, net 2,637 2,318  Restricted cash 1,505 360  Secured note receivable 2,850 2,947  Assets held for sale 5,857 5,797  Other 1,508 3,579  Total prepaid expenses and other assets $ 40,457 $ 26,735  

Investment in Unconsolidated Su

Investment in Unconsolidated Subsidiaries	12 Months Ended
	Dec. 31, 2016
Investment in Unconsolidated Subsidiaries [Abstract]
Investment in Unconsolidated Subsidiaries	8. Investment in Unconsolidated Subsidiaries On November 1, 2016, we acquired a 50% ownership of W JH LLC (which we refer to as “WJH”), which is the successor to Wade Jurney Homes, Inc. and Wade Jurney of Florida, Inc., for $15.0 million of which $1.0 million is held by the Company for potential indemnification claims for a period of eighteen months following the closing. WJH primarily targets first-time homebuyers in the Southeastern United States. As a result of the transaction, we own 50% of WJH and Wade Jurney Jr., an individual, owns the other 50% interest. Each party contributed an additional $3.0 million in capital to WJH upon its formation and we incurred $0.1 million in related acquisition costs. The Company and Wade Jurney Jr. share responsibility for all of WJH’s strategic decisions, with Wade Jurney Jr. continuing to manage the day-to-day operations under the existing operating model. Our investment in WJH is treated as an unconsolidated investment under the equity method of accounting.  Our aggregate investment in WJH at November 1, 2016 of $18.1 million was more than our share of the underlying net assets of WJH, resulting in outside basis of approximately $7.6 million. Of the $7.6 million in outside basis, we attributed $2.0 million, $1.2 million and $4.4 million to the underlying inventory, trade names and goodwill of WJH, respectively. Amounts allocated to inventory, and intangible assets, will be amortized to equity in earnings over approximately 6 months, and 10 years, respectively.  As of December 31, 2016, our investment in WJH was $18.3 million and we recognized $0.2 million in equity in earnings from the date of acquisition through December 31, 2016.

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	12 Months Ended
	Dec. 31, 2016
Accrued Expenses and Other Liabilities [Abstract]
Accrued Expenses and Other Liabilities	9. Accrued Expenses and Other Liabilities   As of December 31,  2016 2015  Earnest money deposits $ 7,304 $ 6,717  Warranty reserve 2,479 2,622  Accrued compensation costs 12,603 8,114  Land development and home construction accruals 31,486 83,322  Accrued interest 3,039 2,651  Income taxes payable 783 374  Liabilities related to assets held for sale 193 223  Other 4,427 2,754  Total accrued expenses and other liabilities $ 62,314 $ 106,777 

Warranties

Warranties	12 Months Ended
	Dec. 31, 2016
Warranties [Abstract]
Warranties	10. Warranties Estimated future direct warranty costs are accrued and charged to cost of home sales revenues in the period when the related home sales revenues are recognized. Amounts accrued, which are included in accrued expenses and other liabilities on the consolidated balance sheets, are based upon historical experience rates. We subsequently assess the adequacy of our warranty accrual on a quarterly basis through an internal model that incorporates historical payment trends and adjust the amounts recorded if necessary. Based on favorable warranty payment trends relative to our estimates at the time of home closing, we reduced our warranty reserve by $1.4 million, $0.6 million and $0.2 million during the years ended December 31, 2016, 2015 and 2014, respectively, which is included as a reduction to cost of homes sales revenues on our consolidated statement of operations. Changes in our warranty accrual for the years ended December 31, 2016, 2015, and 2014 are detailed in the table below (in thousands):   Year Ended December 31,  2016 2015 2014  Beginning balance $ 2,622 $ 2,194 $ 1,150  Warranty reserves assumed in business combinations — — 591  Warranty expense provisions 2,873 2,676 1,665  Payments (1,610) (1,628) (1,030)  Warranty adjustment (1,406) (620) (182)  Ending balance $ 2,479 $ 2,622 $ 2,194 

Notes Payable and Revolving Lin

Notes Payable and Revolving Line of Credit	12 Months Ended
	Dec. 31, 2016
Notes Payable and Revolving Line of Credit [Abstract]
Notes Payable and Revolving Line of Credit	11. Notes Payable and Revolving Line of Credit Notes payable and revolving line of credit included the following as of December 31, 2016 and 2015 (in thousands):     As of December 31,  2016 2015  6.875% senior notes $ 253,089 $ 251,815  Revolving line of credit 195,000 135,000  Land development notes — 2,677  Insurance premium notes 5,999 751  Total notes payable and revolving line of credit $ 454,088 $ 390,243   6.875% senior notes In May 2014, we completed a private offering of $ 200.0 million in aggregate principal amount of senior unsecured notes due 2022 (which we refer to as the “Initial Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act of 1933, as amended (which we refer to as the “Securities Act”). The Initial Senior Notes were issued at a price equal to 99.239% of their principal amount, and we received net proceeds of approximately $193.3 million. In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “Initial Exchange Notes”), for all of the Initial Senior Notes. The terms of the Initial Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Initial Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Senior Notes do not apply to the Initial Exchange Notes. In April 2015, we completed a private offering of an additional $60 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “Additional Senior Notes”) in reliance on Rule 144A and Regulation S under the Securities Act. The Additional Senior Notes were issued at a price equal to 98.26% of their principal amount, and we received net proceeds of approximately $58.5 million. The Additional Senior Notes are additional notes issued under the indenture pursuant to which the initial $ 200 million in aggregate principal amount of Initial Senior Notes were issued. In October 2015, we completed an offer to exchange $ 60.0 million in aggregate principal amount of our 6.875 % senior notes due 2022 , which are registered under the Securities Act (which we refer to as the “Additional Exchange Notes”), for all of the Additional Senior Notes. The terms of the Additional Exchange Notes are identical in all material respects to the Additional Senior Notes, except that the Additional Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Additional Senior Notes do not apply to the Additional Exchange Notes. The Initial Exchange Notes and the Additional Exchange Notes bear the same CUSIP number, are fungible with each other, and are treated as a single series of notes under the indenture. We refer to the Initial Exchange Notes and the Additional Exchange Notes, collectively, as the “Senior Notes.” The Senior Notes carry a coupon of 6.875 % per annum. The Senior Notes are unsecured senior obligations which are guaranteed on an unsecured senior basis by certain of our current and future subsidiaries. The Senior Notes contain certain restrictive covenants on issuing future secured debt and other transactions. The aggregate principal balance of the Senior Notes is due May 2022 , with interest only payments due semi-annually in May and November of each year. Revolving line of credit On October 21, 2014, we entered into a credit agreement with Texas Capital Bank, National Association, as Administrative Agent and L/C Issuer, and the lenders from time to time party thereto (which we refer to as the “Credit Agreement”). The Credit Agreement provides us with a revolving line of credit of up to $ 120 million (which we refer to as the “Revolving Credit Facility”). Under the terms of the Credit Agreement, we are entitled to request an increase in the size of the Revolving Credit Facility by an amount not exceeding $ 80 million. If the existing lenders elect not to provide the full amount of a requested increase, we may invite one or more other lender(s) to become a party to the Credit Agreement, subject to the approval of the Administrative Agent and L/C Issuer. The Credit Agreement includes a letter of credit sublimit of $ 20 million. The obligations under the Revolving Credit Facility are guaranteed by certain of our subsidiaries. On July 31, 2015, we entered into a First Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which modified the Credit Agreement. The First Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $120 million to $200 million, (ii) extended the maturity date of the Revolving Credit Facility from October 21, 2017 to October 21, 2018 , (iii) admitted Bank of America, N.A. as a new lender under the Revolving Credit Facility, and (iv) increased the amount of the Company’s option to request, from time to time, an increase in the size of the Revolving Credit Facility, from an amount not exceeding $80 million to an amount not exceeding $100 million, subject to the terms and conditions of the First Modification Agreement and the Credit Agreement. On December 22, 2015, we entered into a Second Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which modified the Credit Agreement. The Second Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $200 million to $300 million, and (ii) admitted Compass Bank, an Alabama Banking Corporation, and U.S. Bank National Association as new lenders under the Revolving Credit Facility.  On August 19, 2016, we entered into a Third Modification Agreement with Texas Capital Bank, National Association, as Administrative Agent, the lenders party thereto, and our subsidiary guarantors party thereto, which further modified the Credit Agreement. The Third Modification Agreement, among other things, (i) increased the Revolving Credit Facility from $300 million to $380 million through our exercise of $80 million of the accordion feature of the Credit Agreement, (ii) admitted Citibank, N.A. and Flagstar Bank, FSB as new lenders under the Revolving Credit Facility, (iii) increased certain lenders’ respective commitments to the Revolving Credit Facility, and (iv) extended the maturity date of the Revolving Credit Facility by one year to mature on October 21, 2019 . Unless terminated earlier, on October 21, 2019 , the maturity date of the Revolving Credit Facility, the principal amount thereunder, together with all accrued unpaid interest and other amounts owing thereunder, if any, will be payable in full on such date. Borrowings under the Revolving Credit Facility bear interest at a floating rate equal to the LIBOR plus an applicable margin between 2.75% and 3.25% per annum, or, in the Administrative Agent’s discretion, a base rate plus an applicable margin between 1.75% and 2.25% per annum. The “applicable margins” described above are determined by a schedule based on our leverage ratio, as defined in the Credit Agreement. The Credit Agreement also provides for fronting fees and letter of credit fees payable to the L/C Issuer and commitment fees payable to the Administrative Agent equal to 0.20% of the unused portion of the Revolving Credit Facility. The Credit Agreement contains customary affirmative and negative covenants (including limitations on our ability to grant liens, incur additional debt, pay dividends, redeem our common stock, make certain investments and engage in certain merger, consolidation or asset sale transactions), as well as customary events of default. The Credit Agreement also requires us to maintain (i) a leverage ratio of not more than 1.50 to 1.0 as of the last day of any fiscal quarter, based upon our and our subsidiaries’ (on a consolidated basis) ratio of debt to tangible net worth, (ii) an interest coverage ratio of not less than 1.50 to 1.0 for any four fiscal quarter period, based upon our and our subsidiaries’ (on a consolidated basis) ratio of EBITDA to cash interest expense, (iii) a consolidated tangible net worth of not less than the sum of $250 million, plus 50% of the net proceeds of any issuances of equity interests by us and the guarantors of the Revolving Credit Facility, plus 50% of the amount of our and our subsidiaries’ consolidated net income, (iv) liquidity of not less than $25 million, and (v) a risk asset ratio of not more than 1.25 to 1.0, based upon the ratio of the book value of all risk assets owned by us and our subsidiaries to the our tangible net worth. As of December 31, 2016, we were in compliance with all covenants under the Credit Agreement. As of December 31, 2016 and 2015, we had $ 195.0 million and $135.0 million outstanding on the Credit Agreement, respectively. Other financing obligations As of December 31, 2016, the Company has two insurance premium notes which mature in March 2017 and December 2017 , respectively. These notes bear interest at rates of 3.89% and 3.88% , respectively. During the year ended December 31, 2016, we repaid three outstanding land development notes totaling $2.7 million. As of December 31, 2016 and 2015, we had $6.0 million and $0.8 million, respectively, of outstanding insurance premium notes. As of December 31, 2015, we also had $2.7 million of outstanding land development notes.  Aggregate annual maturities of long-term debt as of December 31, 2016 are as follows (in thousands):    2017 $ 5,999  2018 —  2019 195,000  2020 —  2021 —  Thereafter 260,000  Total 460,999  Less: Discount and deferred financing costs, net on 6.875% senior notes (6,911)  Carrying amount $ 454,088 

Interest

Interest	12 Months Ended
	Dec. 31, 2016
Interest [Abstract]
Interest	12. Interest Interest is capitalized to inventories while the related communities are being actively developed and until homes are completed. As our qualifying assets exceeded our outstanding debt during the years ended December 31, 2016, 2015 and 2014, we capitalized all interest costs incurred during these periods, except for interest incurred on capital leases of machinery related to our golf course operations. Our interest costs are as follows (in thousands):    Year Ended December 31,  2016 2015 2014  Interest capitalized beginning of period $ 21,533 11,302 $ 2,820  Interest capitalized during period 26,904 20,313 10,848  Less: capitalized interest in cost of sales (19,502) (10,082) (2,366)  Interest capitalized end of period $ 28,935 21,533 $ 11,302

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Income Taxes	13. Income Taxes Our income tax expense for the years ended December 31, 2016, 2015 and 2014 comprises the following current and deferred amounts (in thousands):   Year Ended December 31,  2016 2015 2014  Current  Federal $ 19,417 $ 16,754 $ 11,860  State and local 2,685 2,027 1,131  Total current 22,102 18,781 12,991  Deferred  Federal 1,357 1,513 (1,923)  State and local 150 121 (131)  Total deferred 1,507 1,634 (2,054)  Income tax expense $ 23,609 $ 20,415 $ 10,937  Total income tax expense differed from the amounts computed by applying the federal statutory income tax rate of 35 % to income before income taxes as a result of the following items (in thousands):   Year Ended December 31,  2016 2015 2014  Statutory income tax expense $ 25,602 $ 21,107 $ 10,836  State income tax expense, net of federal income tax expense 1,954 1,690 643  Domestic production activities deduction (2,146) (1,766) (612)  Federal energy credits (1,944) - -  Other permanent items 221 37 70  Other adjustments (78) (653) -  Income tax expense $ 23,609 $ 20,415 $ 10,937 Deferred income tax assets and liabilities are recognized for the future tax consequences of temporary differences. Temporary differences arise when revenues and expenses for financial reporting are recognized for tax purposes in a different period. ASC 740 requires that a valuation allowance be recorded against deferred tax assets unless it is more likely than not that the deferred tax asset will be utilized. As a result of this analysis, the Company has no t recorded a valuation allowance against its deferred tax assets. The Company will continue to evaluate the need to record valuation allowances against deferred tax assets and will make adjustments in accordance with the accounting standard. The tax effects of temporary differences that give rise to significant portions of the deferred tax assets and liabilities at December 31, 2016 and 2015 (in thousands):   As of December 31,  2016 2015  Deferred tax assets  Warranty reserves $ 928 $ 983  Amortizable intangible assets 113 678  Stock based compensation 2,105 1,513  Accrued compensation and other 845 -  Inventories, additional costs capitalized for tax - 41  Deferred tax asset 3,991 3,215   Deferred tax liabilities  Prepaid expenses 191 514  Property and equipment 2,023 1,420  Accrued expenses 3,057 1,556  Inventories, additional costs capitalized for tax 502 -  Deferred tax liability 5,773 3,490  Net deferred tax liability $ (1,782) $ (275)  The uncertainty provisions of ASC 740 also require the Company to recognize the impact of a tax position in its consolidated financial statements only if the technical merits of that position indicate that the position is more likely than not of being sustained upon audit. During the year, the Company did no t record a reserve for uncertain tax positions. The tax years ended December 31, 2015 , 2014 and 2013 , are open and subject to audit by the Internal Revenue Service and the states of Colorado, Georgia, Nevada, and Texas.

Fair Value Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures	14. Fair Value Disclosures ASC 820, Fair Value Measurement , defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories: Level 1 – Quoted prices for identical instruments in active markets. Level 2 – Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date. Level 3 – Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date. The following table presents carrying values and estimated fair values of financial instruments (in thousands):     December 31, 2016 December 31, 2015  Hierarchy Carrying Fair Value Carrying Fair Value  Secured note receivable (1) Level 2 $ 2,850 $ 2,828 $ 2,947 $ 2,926   6.875% senior notes (2) Level 2 $ 253,089 $ 260,090 $ 251,815 $ 232,503  Revolving line of credit (3) Level 2 195,000 195,000 135,000 135,000  Land development notes (4) Level 2 — — 2,677 2,672  Insurance premium notes (3) Level 2 5,999 5,999 751 751  Total notes payable and revolving line of credit $ 454,088 $ 463,689 $ 390,243 $ 370,926   (1) The estimated fair value of the secured note received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment as of December 31, 2016 and 2015 was based on a cash flow model discounted at market interest rates that considered the underlying risks of the note. (2) Estimated fair value of the Senior Notes at December 31, 2016 and 2015 incorporated recent trading activity of the Senior Notes in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) The estimated fair values of the land development notes at December 31, 2015 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. The carrying amount of cash and cash equivalents approximates fair value. Nonfinancial assets and liabilities include items such as inventory and property and equipment that are measured at fair value when acquired and resulting from impairment, if deemed necessary.

Operating Leases

Operating Leases	12 Months Ended
	Dec. 31, 2016
Operating Leases [Abstract]
Operating Leases	15. Operating Leases The Company maintains noncancellable operating leases for office space. The Company recognizes expense on a straight-line basis over the life of each lease. Rent expense for the years ended December 31, 2016, 2015 and 2014, was $1.4 million, $1.1 million and $0.5 million, respectively, included in selling, general, and administrative on our consolidated statement of operations. Future minimum lease payments as of December 31, 2016 are as follows (in thousands):     2017 $ 1,478  2018 1,261  2019 899  2020 924  2021 543  Thereafter 187  Total $ 5,292

Postretirement Plan

Postretirement Plan	12 Months Ended
	Dec. 31, 2016
Postretirement Plan [Abstract]
Postretirement Plan	16. Postretirement Plan The Company has a 401(k) plan covering substantially all employees. The Company makes matching contributions of 50% of employees’ salary deferral amounts on the first 6% of employees’ compensation. Contributions to the plan during the years ended December 31, 2016, 2015 and 2014 were $0.4 million, $0.2 million and $0.1 million, respectively.  

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2016
Stock-Based Compensation [Abstract]
Stock-Based Compensation	17. Stock-Based Compensation During the year ended December 31, 2016, we granted shares of restricted stock units, which vest over a period of three years from the grant date. Previously, we had issued awards of restricted common stock under our First Amended & Restated 2013 Long-Term Incentive Plan. The following table summarizes the activity of our restricted stock units and restricted common stock for the years ended December 31, 2016, 2015 and 2014 (in thousands):    Year Ended December 31,  2016 2015 2014  Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value  Outstanding, beginning of year 696 $ 18.18 366 $ 20.78 183 $ 19.57  Granted 514 14.28 500 16.92 250 21.34  Vested (297) 18.65 (141) 20.62 (60) 19.58  Forfeited (61) 16.05 (29) 17.42 (7) 19.59  Outstanding, end of year 852 $ 15.81 696 $ 18.18 366 $ 20.78  A summary of our outstanding awards of restricted common stock and restricted stock units are as follows (in thousands, except years):    As of December 31, 2016  Restricted Stock Awards Restricted Stock Units Total  Unvested awards/units 357 495 852  Unrecognized compensation cost $ 3,299 $ 5,002 $ 8,301  Period to recognize compensation cost 1.0 years 2.1 years 1.7 years (weighted average) During the years ended December 31, 2016, 2015 and 2014, the Company recognized stock-based compensation expense of $ 6.7 million, $ 5.2 million and $2.2 million, respectively, which is included in selling, general, and administrative on the consolidated statements of operations.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2016
Stockholders' Equity [Abstract]
Stockholders' Equity	18. Stockholders’ Equity The Company’s authorized capital stock consists of 100.0 million shares of common stock, par value $0.01 per share, and 50.0 million shares of preferred stock, par value $0.01 per share. As of December 31, 2016 and 2015, there were 21.3 million and 20.6 million shares of common stock issued and outstanding, exclusive of the restricted common stock issued, respectively. The Company has also reserved a total of 1.8 million shares of common stock for issuance under our First Amended & Restated 2013 Long-Term Incentive Plan, including outstanding awards. During the year ended December 31, 2016, we repurchased 0.2 million shares of our common stock at a weighted average price of $15.03 per share. On November 7, 2016, we entered into a Distribution Agreement (which we refer to as the “Distribution Agreement”) with J.P. Morgan Securities LLC, Merrill Lynch, Pierce, Fenner & Smith Incorporated, and Citigroup Global Markets Inc. (which we refer to collectively as the “Sales Agents,” and individually as a “Sales Agent”), relating to our common stock. Under the Distribution Agreement we are authorized to offer and sell shares of our common stock having an aggregate offering price of up to $50.0 million from time to time through any of our Sales Agents in “at the market” offerings. During the year ended December 31, 2016, we sold and issued 0.6 million shares of our common stock under the Distribution Agreement, which provided net proceeds to us of $11.4 million.

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	19. Earnings Per Share We use the two-class method of calculating earnings per share (EPS) as our unvested restricted stock awards have non-forfeitable rights to dividends, and accordingly represent a participating security. The two-class method is an earnings allocation method under which EPS is calculated for each class of common stock and participating security considering both dividends declared (or accumulated) and participation rights in undistributed earnings as if all such earnings had been distributed during the period. The following table sets forth the computation of basic and diluted earnings per share for the years ended December 31, 2016, 2015 and 2014 (in thousands, except share and per share information):     Year Ended December 31,  2016 2015 2014  Numerator  Net income $ 49,540 $ 39,890 $ 20,022  Less: Undistributed earnings allocated to participating securities (1,050) (1,323) (296)  Net income allocable to common stockholders $ 48,490 $ 38,567 $ 19,726  Denominator  Weighted average common shares outstanding - basic 20,679,189 20,569,012 19,226,504  Dilutive effect of restricted stock units 112,748 — —  Weighted average common shares outstanding - diluted 20,791,937 20,569,012 19,226,504  Earnings per share:  Basic $ 2.34 $ 1.88 $ 1.03  Diluted $ 2.33 $ 1.88 $ 1.03

Related-Party Transactions

Related-Party Transactions	12 Months Ended
	Dec. 31, 2016
Related-Party Transactions [Abstract]
Related-Party Transactions	20. Related-Party Transactions Prior to our May 2013 private placement, the Company transacted with entities that were controlled by the same individuals who control the Company and are Co-CEOs of the Company. Transactions between entities under common control for land inventory are recorded at the carrying basis of the related party. During the years ended December 31, 2016, 2015 and 2014, we delivered homes for which the land was originally purchased from entities under common control. Recording the lots at the carrying basis of the entities under common control as opposed to the purchase price benefitted gross margins by $2.9 million, $1.8 million, and $2.1 million for the years ended December 31, 2016, 2015 and 2014, respectively. As of December 31, 2016 and 2015, lots with a carrying basis, before development costs, of $0.2 million, and $1.0 million, respectively, which were purchased from entities under common control, were included in inventories on our consolidated balance sheet.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2016
Commitments and Contingencies [Abstract]
Commitments and Contingencies	21 . Commitments and Contingencies Letters of Credit and Performance Bonds In the normal course of business, the Company posts letters of credit and performance bonds related to our land development performance obligations, with local municipalities. As of December 31, 2016 and 2015, we had $ 70.1 million and $63.6 million, respectively, in letters of credit and performance bonds issued and outstanding. Litigation The Company is subject to claims and lawsuits that arise primarily in the ordinary course of business, which consist primarily of construction defect claims. It is the opinion of management that if the claims have merit, parties other than the Company would be, at least in part, liable for the claims, and eventual outcome of these claims will not have a material adverse effect upon our consolidated financial condition, results of operations, or cash flows. When we believe that a loss is probable and estimable, we record a charge to selling, general, and administrative on our consolidated statement of operations for our estimated loss. We do not believe that the ultimate resolution of any claims and lawsuits will have a material adverse effect upon our consolidated financial position, results of operations, or cash flow.

Results of Quarterly Operations

Results of Quarterly Operations (Unaudited)	12 Months Ended
	Dec. 31, 2016
Results Of Quarterly Operations (Unaudited) [Abstract]
Results of Quarterly Operations (Unaudited)	22. Results of Quarterly Operations (Unaudited)    Quarter  First Second Third Fourth  (in thousands, except per share amounts)  2016  Home sales revenues $ 181,081 $ 257,179 $ 248,075 $ 292,398  Gross margin from home sales revenues $ 36,728 $ 49,296 $ 50,425 $ 56,157  Income before tax expense $ 12,429 $ 19,097 $ 19,731 $ 21,892  Net income $ 7,983 $ 13,142 $ 13,342 $ 15,073  Basic and diluted earnings per share $ 0.38 $ 0.62 $ 0.63 $ 0.71   2015  Home sales revenues $ 154,335 $ 186,808 $ 179,775 $ 204,519  Gross margin from home sales revenues $ 29,529 $ 36,583 $ 38,323 $ 41,799  Income before tax expense $ 9,524 $ 14,431 $ 15,945 $ 20,405  Net income $ 6,351 $ 9,798 $ 10,583 $ 13,158  Basic and diluted earnings per share $ 0.30 $ 0.46 $ 0.50 $ 0.62

Disposition of Golf Courses

Disposition of Golf Courses	12 Months Ended
	Dec. 31, 2016
Disposition of Golf Courses [Abstract]
Disposition of Golf Courses	23. Disposition of Golf Courses On May 26, 2015, we disposed of the operations of the golf course in our Tuscany community in our Nevada operating segment for total consideration of $4.0 million, which included $1.0 million in cash and a $3.0 million secured note, and resulted in a gain on sale of $2 thousand. The secured note accrues interest at rates ranging from 4.5% to 5.5% per annum and requires monthly payments of principal and interest with a balloon payment of $2.5 million of principal in May of 2020 . We are currently marketing the golf course in our Rhodes Ranch golf community in our Nevada operating segment for sale and we believe the disposition is probable within one year and, accordingly, the assets and liabilities have continued to be classified as held for sale and presented in prepaid expenses and other assets and accrued expenses and other liabilities on our consolidated balance sheet as of December 31, 2016.

Supplemental Guarantor Informat

Supplemental Guarantor Information	12 Months Ended
	Dec. 31, 2016
Supplemental Guarantor Information [Abstract]
Supplemental Guarantor Information	24. Supplemental Guarantor Information In May 2014, we completed a private offering of $ 200.0 million in aggregate principal amount of our 6.875% senior unsecured notes due 2022 (which we refer to as the “Initial Senior Notes”). In February 2015, we completed an offer to exchange $200.0 million in aggregate principal amount of our 6.875% Senior Notes due 2022, which are registered under the Securities Act (which we refer to as the “Initial Exchange Notes”), for all of the Initial Senior Notes. The terms of the Initial Exchange Notes are identical in all material respects to the Initial Senior Notes, except that the Initial Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Initial Senior Notes do not apply to the Initial Exchange Notes. In April 2015, we completed a private offering of an additional $60 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “Additional Senior Notes”). In October 2015, we completed an offer to exchange $60.0 million in aggregate principal amount of our 6.875% senior notes due 2022, which are registered under the Securities Act (which we refer to as the “Additional Exchange Notes”), for all of the Additional Senior Notes. The terms of the Additional Exchange Notes are identical in all material respects to the Additional Senior Notes, except that the Additional Exchange Notes are registered under the Securities Act and the transfer restrictions, registration rights, and additional interest provisions applicable to the Additional Senior Notes do not apply to the Additional Exchange Notes. The Additional Senior Notes and the Additional Exchange Notes are additional notes issued under the indenture pursuant to which the Initial Senior Notes and Initial Exchange Notes were issued. The Initial Exchange Notes and the Additional Exchange Notes bear the same CUSIP number, are fungible with each other, and are treated as a single series of notes under the indenture. We refer to the Initial Exchange Notes and the Additional Exchange Notes, collectively, as the “Senior Notes.” The Senior Notes are our unsecured senior obligations, and are fully and unconditionally guaranteed on an unsecured basis, jointly and severally, by substantially all of our direct and indirect wholly-owned operating subsidiaries (which we refer to as “Guarantors”). The Indenture governing the Senior Notes provides that the guarantees of a Guarantor will be automatically and unconditionally released and discharged: (1) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the equity interests of such Guarantor after which the applicable Guarantor is no longer a “Restricted Subsidiary” (as defined in the Indenture), which sale, transfer, exchange or other disposition does not constitute an “Asset Sale” (as defined in the Indenture) or is made in compliance with applicable provisions of the Indenture; (2) upon any sale, transfer, exchange or other disposition (by merger, consolidation or otherwise) of all of the assets of such Guarantor, which sale, transfer, exchange or other disposition does not constitute an Asset Sale or is made in compliance with applicable provisions of the Indenture; provided, that after such sale, transfer, exchange or other disposition, such Guarantor is an “Immaterial Subsidiary” (as defined in the Indenture); (3) unless a default has occurred and is continuing, upon the release or discharge of such Guarantor from its guarantee of any indebtedness for borrowed money of the Company and the Guarantors so long as such Guarantor would not then otherwise be required to provide a guarantee pursuant to the Indenture; provided that if such Guarantor has incurred any indebtedness in reliance on its status as a Guarantor in compliance with applicable provisions of the Indenture, such Guarantor’s obligations under such indebtedness, as the case may be, so incurred are satisfied in full and discharged or are otherwise permitted to be incurred by a Restricted Subsidiary (other than a Guarantor) in compliance with applicable provisions of the Indenture; (4) upon the designation of such Guarantor as an “Unrestricted Subsidiary” (as defined in the Indenture), in accordance with the Indenture; (5) if the Company exercises its legal defeasance option or covenant defeasance option under the Indenture or if the obligations of the Company and the Guarantors are discharged in compliance with applicable provisions of the Indenture, upon such exercise or discharge; or (6) in connection with the dissolution of such Guarantor under applicable law in accordance with the Indenture. As the guarantees were made in connection with the February 2015 exchange offer for the Initial Exchange Notes and October 2015 exchange offer for the Additional Exchange Notes, the Guarantors’ condensed financial information is presented as if the guarantees existed during the periods presented. If any Guarantors are released from the guarantees in future periods, the changes are reflected prospectively. We have determined that separate, full financial statements of the Guarantors would not be material to investors and, accordingly, supplemental financial information is presented below:     Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  Cash held in escrow — 20,044 — — 20,044  Accounts receivable 2,980 2,749 — — 5,729  Investment in subsidiaries 884,665 — — (884,665) —  Inventories — 857,885 — — 857,885  Prepaid expenses and other assets 14,628 25,662 167 — 40,457  Property and equipment, net 1,166 10,224 22 — 11,412  Investment in unconsolidated subsidiaries 18,275 — 18,275  Amortizable intangible assets, net — 2,911 — — 2,911  Goodwill — 21,365 — — 21,365  Total assets $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 257 $ 15,575 $ (124) $ — $ 15,708  Accrued expenses and other liabilities 12,587 49,697 30 — 62,314  Deferred tax liability 1,782 — — — 1,782  Notes payable and revolving line of credit 448,089 5,999 — — 454,088  Total liabilities 462,715 71,271 (94) — 533,892  Stockholders’ equity: 473,636 878,215 6,450 (884,665) 473,636  Total liabilities and stockholders’ equity $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528      Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2015 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 22,002 $ 7,285 $ — $ — $ 29,287  Cash held in escrow — 11,817 — — 11,817  Accounts receivable 1,239 4,002 — — 5,241  Investment in subsidiaries 777,898 — — (777,898) —  Inventories — 810,137 — — 810,137  Prepaid expenses and other assets 3,727 23,008 — — 26,735  Property and equipment, net 857 7,518 — — 8,375  Amortizable intangible assets, net — 4,784 — — 4,784  Goodwill — 21,365 — — 21,365  Total assets $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ — $ 10,967 $ — $ — $ 10,967  Accrued expenses and other liabilities 9,154 97,623 — — 106,777  Deferred tax liability, net 275 — — — 275  Notes payable and revolving line of credit 386,815 3,428 — — 390,243  Total liabilities 396,244 112,018 — — 508,262  Stockholders’ equity: 409,479 777,898 — (777,898) 409,479  Total liabilities and stockholders’ equity $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741       Supplemental Condensed Consolidated Statement of Operations  For the Year Ended December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenue  Home sales revenues $ — $ 978,733 $ — $ — $ 978,733  Land sales revenues — 11,799 — — 11,799  Golf course and other revenue — 3,908 — — 3,908  Total revenue — 994,440 — — 994,440  Costs and expenses  Cost of homes sales revenues — 786,127 — — 786,127  Cost of land sales revenues — 10,589 — — 10,589  Cost of golf course and other revenue — 3,628 — — 3,628  Selling, general and administrative 25,674 96,235 315 — 122,224  Total operating costs and expenses 25,674 896,579 315 — 922,568  Operating income (25,674) 97,861 (315) — 71,872  Other income (expense)  Equity in earnings from consolidated subsidiaries 64,297 — — (64,297) —  Interest income 34 161 — — 195  Interest expense — (5) — — (5)  Equity in earnings from unconsolidated subsidiaries 191 — — — 191  Acquisition expense (490) — — — (490)  Other income — 940 — — 940  Gain on disposition of assets — 446 — — 446  Income before income tax expense 38,358 99,403 (315) (64,297) 73,149  Income tax expense (11,182) 34,791 — — 23,609  Net income $ 49,540 $ 64,612 $ (315) $ (64,297) $ 49,540      Supplemental Condensed Consolidated Statement of Operations  For the Year Ended December 31, 2015 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenue  Home sales revenues $ — $ 725,437 $ — $ — $ 725,437  Land sales revenues — 3,405 — — 3,405  Golf course and other revenue — 5,647 — — 5,647  Total revenue — 734,489 — — 734,489  Costs and expenses  Cost of homes sales revenues — 579,203 — — 579,203  Cost of land sales revenues — 3,395 — — 3,395  Cost of golf course and other revenue — 5,037 — — 5,037  Selling, general and administrative 18,013 69,827 — — 87,840  Total operating costs and expenses 18,013 657,462 — — 675,475  Operating income (18,013) 77,027 — — 59,014  Other income (expense)  Equity in earnings from consolidated subsidiaries 51,197 — — (51,197) —  Interest income 44 85 — — 129  Interest expense — (10) — — (10)  Acquisition expense (491) — — — (491)  Other income — 1,535 — — 1,535  Gain on disposition of assets — 128 — — 128  Income before income tax expense 32,737 78,765 — (51,197) 60,305  Income tax expense (7,153) 27,568 — — 20,415  Net income $ 39,890 $ 51,197 $ — $ (51,197) $ 39,890       Supplemental Condensed Consolidated Statement of Operations  For the Year Ended December 31, 2014 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS   Revenue  Home sales revenues $ — $ 351,823 $ — $ — $ 351,823  Land sales revenues — 4,800 — — 4,800  Golf course and other revenue — 5,769 — — 5,769  Total revenue — 362,392 — — 362,392  Cost of home sale revenues  Cost of homes sales revenues — 276,386 — — 276,386  Cost of land sales revenues — 1,808 — — 1,808  Cost of golf course and other revenue — 6,301 — — 6,301  Selling, general and administrative 12,185 34,610 — — 46,795  Total operating costs and expenses 12,185 319,105 — — 331,290  Operating income (12,185) 43,287 — — 31,102  Other income (expense)  Equity in earnings from consolidated subsidiaries 28,729 — — (28,729) —  Interest income 359 3 — — 362  Interest expense — (26) — — (26)  Acquisition expense (1,414) — — — (1,414)  Other income — 736 — — 736  Gain on disposition of assets — 199 — — 199  Income before income tax expense 15,489 44,199 — (28,729) 30,959  Income tax expense (4,533) 15,470 — — 10,937  Net income $ 20,022 $ 28,729 $ — $ (28,729) $ 20,022      Supplemental Condensed Consolidated Statement of Cash Flows  For the Year Ended December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (16,138) $ (29,123) $ (575) $ — $ (45,836)  Net cash used in investing activities $ (58,032) $ (5,585) $ (23) $ 40,439 $ (23,201)  Financing activities  Borrowings under revolving credit facilities $ 220,000 $ — $ — $ — $ 220,000  Payments on revolving credit facilities (160,000) — — — (160,000)  Proceeds from insurance notes payable — 11,612 — — 11,612  Principal payments on notes payable — (9,217) — — (9,217)  Debt issuance costs (1,156) — — — (1,156)  Repurchases of common stock under our stock repurchase program (2,393) — — — (2,393)  Repurchases of common stock upon vesting of restricted stock awards (1,015) — — — (1,015)  Payments from (and advances to) parent/subsidiary — 33,674 6,765 (40,439) —  Net proceeds from issuances of common stock 11,369 — — — 11,369  Net cash provided by financing activities $ 66,805 $ 36,069 $ 6,765 $ (40,439) $ 69,200  Net decrease in cash and cash equivalents $ (7,365) $ 1,361 $ 6,167 $ — $ 163  Cash and cash equivalents  Beginning of period $ 22,002 $ 7,285 $ — $ — $ 29,287  End of period $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450      Supplemental Condensed Consolidated Statement of Cash Flows  For the Year Ended December 31, 2015 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash used in operating activities $ (3,742) $ (158,992) $ — $ — $ (162,734)  Net cash used in investing activities (167,244) (3,839) — 166,851 (4,232)  Financing activities  Borrowings under revolving credit facilities 180,000 — — — 180,000  Payments on revolving credit facilities (65,000) — — — (65,000)  Proceeds from issuance of senior notes 58,956 — — — 58,956  Proceeds from issuance of notes payable — 1,169 — — 1,169  Principal payments on notes payable — (8,656) — — (8,656)  Debt issuance costs (2,817) — — — (2,817)  Repurchases of common stock upon vesting of restricted stock awards (861) — — — (861)  Payments from (and advances to) parent/subsidiary — 166,851 — (166,851) —  Net cash provided by financing activities 170,278 159,364 — (166,851) 162,791  Net decrease in cash and cash equivalents (708) (3,467) — — (4,175)  Cash and cash equivalents  Beginning of period 22,710 10,752 — — 33,462  End of period $ 22,002 $ 7,285 $ — $ — $ 29,287      Supplemental Condensed Consolidated Statement of Cash Flows  For the Year Ended December 31, 2014 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS   Net cash used in operating activities $ (7,783) $ (121,888) $ — $ — $ (129,671)  Net cash used in investing activities (359,291) (233,001) — 358,580 (233,712)  Financing activities  Borrowings under revolving credit facilities 119,000 — — — 119,000  Payments on revolving credit facilities (99,000) — — — (99,000)  Proceeds from issuance of senior notes 198,478 — — — 198,478  Proceeds from issuance of notes payable — 6,760 — — 6,760  Principal payments on notes payable — (3,083) — — (3,083)  Debt issuance costs (6,783) — — — (6,783)  Net proceeds from issuances of common stock 81,564 — — — 81,564  Repurchases of common stock (9,746) — — — (9,746)  Excess tax benefit on stock-based compensation 43 — — — 43  Payments from (and advances to) parent/subsidiary — 358,580 — (358,580) —  Repurchases of common stock upon vesting of restricted stock awards (386) — — — (386)  Net cash provided by financing activities 283,170 362,257 — (358,580) 286,847  Net increase (decrease) in cash and cash equivalents (83,904) 7,368 — — (76,536)  Cash and cash equivalents  Beginning of period 106,614 3,384 — — 109,998  End of period $ 22,710 $ 10,752 $ — $ — $ 33,462 

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2016
Subsequent Events [Abstract]
Subsequent Events	25. Subsequent Events On January 26, 2017, we completed a private offering of an additional $125 million in aggregate principal amount of our 6.875% senior notes due 2022 (which we refer to as the “January 2017 Senior Notes”). The January 2017 Senior Notes were sold and issued in a private offering, exempt from the registration requirements of the Securities Act, to qualified institutional buyers in reliance on Rule 144A under the Securities Act, and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. The January 2017 Senior Notes are additional notes issued under the Indenture pursuant to which we previously issued $260 million in aggregate principal amount of our 6.875% Senior Notes due 2022 (the “Existing Notes”). The January 2017 Senior Notes and the Existing Notes will be treated as a single series of notes under the Indenture, and will vote as a single class of notes for all matters submitted to a vote of holders under the Indenture. We received net proceeds from the sale of the January 2017 Senior Notes of approximately $125.4 million. 

Nature of Operations and Summ32

Nature of Operations and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2016
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Nature of Operations	Nature of Operations Century Communities, Inc. (which we refer to as “we” or “the Company”) is engaged in the development, design, construction, marketing and sale of single-family attached and detached homes in metropolitan areas in Colorado, Austin and San Antonio, Texas (which we refer to as “Central Texas”), Houston, Texas, Las Vegas, Nevada, Atlanta, Georgia, and Salt Lake City, Utah. Our homebuilding operations are organized into the following six operating segments based on the geographic markets in which we operate: Atlanta, Central Texas, Colorado, Houston, Nevada and Utah. In many of our projects, in addition to building homes, we are responsible for the entitlement and development of the underlying land. We were formed as a Colorado limited liability company in August 2002, and we converted into a Delaware corporation pursuant to the General Corporation Law of the State of Delaware on April 30, 2013. In connection with the conversion, all of the outstanding membership interests were converted into an aggregate of 5.0 million shares of common stock, which represented 100 % of the outstanding shares of the Company’s common stock immediately following the conversion. Also in connection with the conversion, the Company’s name was changed from Century Communities Colorado, LLC to Century Communities, Inc., and a total of 100.0 million shares of the Company’s common stock and 50.0 million shares of preferred stock were authorized for issuance. 
Principles of Consolidation	Principles of Consolidation The consolidated financial statements include the accounts of the Company, as well as all subsidiaries in which we have a controlling interest, and each variable interest entity (which we refer to as “VIE”) for which the Company is deemed the primary beneficiary. All intercompany accounts and transactions have been eliminated. All numbers related to lots and communities disclosed in the notes to the consolidated financial statements are unaudited.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. generally accepted accounting principles (GAAP) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Accordingly, actual results could differ from those estimates.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all liquid investments with original maturities of three months or less to be cash equivalents.
Cash Held in Escrow	Cash Held in Escrow Cash held in escrow consists of amounts related to the proceeds from home closings held for our benefit in escrow, which are typically held for less than a few days.
Accounts Receivable	Accounts Receivable Accounts receivable primarily consists of contract receivables related to certain contracts in our Central Texas operating segment accounted for under the percentage-of-completion method, income tax receivables and rebate receivables. We periodically review the collectability of our accounts receivables, and, if it is determined that a receivable might not be fully collectible, an allowance is recorded for the amount deemed uncollectible. As of December 31, 2016 and 2015, no allowance was recorded related to accounts receivable.
Inventories and Cost of Sales	Inventories and Cost of Sales We capitalize pre-acquisition, land, development, and other allocated costs, including interest, during development and home construction. Land, development, and other common costs are allocated to inventory using the relative-sales-value method; however, as lots within a project typically have comparable market values, we generally allocate land, development, and common costs equally to each lot within the project. Home construction costs are recorded using the specific-identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development, and related common costs, both incurred and estimated to be incurred. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated to the remaining homes in the community. When a home is closed, the Company generally has not paid all incurred costs necessary to complete the home, and a liability and a charge to cost of home sales revenues are recorded for the amount that is estimated will ultimately be paid related to completed homes. Inventories are carried at cost unless events and circumstances indicate that the carrying value may not be recoverable. We review for indicators of impairment at the lowest level of identifiable cash flows, which we have determined as the community level. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, decreases in actual or trending gross margins or sales absorption rates, significant unforeseen cost in excess of budget, and actual or projected cash flow losses. If an indicator of impairment is identified, we estimate the recoverability of the community by comparing the estimated future cash flows on an undiscounted basis to its carrying value. If the undiscounted cash flows are more than the carrying value, the community is recoverable and no impairment is recorded. If the undiscounted cash flows are less than the community’s carrying value, the community is deemed impaired and is written down to fair value. We generally estimate the fair value of the community through a discounted cash flow approach. When estimating cash flows of a community, we make various assumptions, including the following: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace based on local housing market conditions, competition, and historical trends; (iii) costs expended to date and expected to be incurred, including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; and (iv) alternative uses for the property. For the years ended December 31, 2016, 2015 and 2014, no inventory impairments were recorded.
Home Sales and Profit Recognition	Home Sales and Profit Recognition Revenues from home sales are recorded and a profit is recognized when the respective units are closed, title has passed, the homeowner’s initial and continuing investment is adequate, and other attributes of ownership have been transferred to the homeowner. Sales incentives are recorded as a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. We also serve as the general contractor for custom homes in our Central Texas operating segment, where the customer and not the Company owns the underlying land (which we refer to as “Build on Your Own Lot Contracts”). Accordingly, we recognize revenue for the Build on Your Own Lot Contracts, which are primarily cost plus contracts, on the percentage-of-completion method where progress toward completion is measured by relating the actual cost of work performed to date to the current estimated total cost of the respective contracts. As the Company makes such estimates, judgments are required to evaluate potential variances in the cost of materials and labor and productivity. During the years ended December 31, 2016, 2015 and 2014, we recognized revenue of $ 7.3 million, $6.1 million and $ 22.0 million, respectively, and incurred costs of $5.3 million, $4.8 million and $17.4 million, respectively, associated with Build on Your Own Lot Contracts, which are presented in home sales revenues and cost of home sales revenues on the consolidated statement of operations, respectively. As of December 31, 2016 and 2015, we had $ 1.0 million and $ 0.8 million in contract receivables, respectively, and $0.4 million and $0.3 million in billings in excess of collections, respectively, related to the Build on Your Own Lot Contracts, which are presented on the consolidated balance sheet in accounts receivable and accrued expenses and other liabilities, respectively.
Performance Deposits	Performance Deposits We are occasionally required to make a land, bond, and utility deposit as each new development is started. These amounts typically are refundable as each home is sold. Performance deposits are included in prepaid expenses and other assets on the consolidated balance sheet.
Lot Option and Escrow Deposits	Lot Option and Escrow Deposits We enter into lot option purchase agreements with unrelated parties to acquire lots for the construction of homes. Under these agreements, we have paid deposits, which in many cases are non-refundable, in consideration for the right, but not the obligation, to purchase land or lots at a future point in time with predetermined terms. Lot option and escrow deposits are included in prepaid expenses and other assets on the consolidated balance sheet.
Property and Equipment	Property and Equipment Property and equipment are stated at cost less accumulated depreciation. Depreciation is charged to expense on the straight-line basis over the estimated useful life of each asset. The estimated useful lives for each major depreciable classification of property and equipment are as follows:     Years  Buildings and improvements 3 – 40 years  Leasehold improvements 3 – 10 years  Machinery and equipment 3 – 15 years  Furniture and fixtures 2 – 7 years  Model furnishings 2 – 5 years  Computer hardware and software 1 – 5 years 
Investment in Unconsolidated Subsidiaries	Investment in Unconsolidated Subsidiaries  We account for our investment in unconsolidated subsidiaries under the equity method because we exercise significant influence over, but do not control, these entities. Under the equity method, these investments are initially recorded at cost and are subsequently adjusted to reflect our proportionate share of net earnings or losses, distributions received, contributions made and certain other adjustments, as appropriate. Such investments are included in “Investment in unconsolidated subsidiaries” in our consolidated balance sheets. Distributions from these investments that are related to cash earnings from operations are included as operating activities and distributions that are related to capital transactions are included as investing activities in our consolidated statements of cash flows. We recognize our proportionate share of the ongoing earnings or losses of the unconsolidated subsidiary in “equity in income of unconsolidated subsidiaries” in our consolidated statements of operations.  We evaluate our investment in unconsolidated subsidiaries for impairment whenever events or changes in circumstances indicate that there may be an other-than-temporary decline in value. To do so, we calculate the estimated fair value of the investment using a market, income or replacement cost approach, or combination thereof. The amount of impairment recognized, if any, would be the excess of the investment’s carrying amount over its estimated fair value. We consider various factors to determine if a decline in the value of the investment is other-than-temporary. These factors are Level 2 and 3 inputs and include but are not limited to, age of the venture, our intent and ability to retain our investment in the entity, the financial condition and long-term prospects of the entity, expected term of the investment, and the relationships with our partners. If we believe that the decline in the fair value is temporary, no impairment is recorded. The aforementioned factors are taken as a whole by management in determining the valuation of our investment. Should the actual results differ from management’s estimates, the valuation could be negatively affected and may result in a negative impact on our consolidated financial statements.
Amortizable Intangible Assets	Amortizable Intangible Assets Amortizable intangible assets consist of the estimated fair value of trade names, home construction contracts, non-compete agreements, and home plans that were acquired upon closing of the acquisition of Jimmy Jacobs, LVLH, Grand View, and Peachtree. The acquisitions were accounted for as business combinations as defined in Accounting Standards Codification (which we refer to as “ASC”) 805, Business Combinations . A high degree of judgment is made by management on variables, such as revenue growth rates, profitability, and discount rates, when calculating the value of the intangible assets. The identified intangible assets are amortized over their respective estimated useful life. Trade names, non-compete agreements, and other intangibles assets are amortized to selling, general and administrative expenses in the consolidated statement of operations. Intangible assets for cell phone tower leases, and home construction contracts are amortized to other income and cost of home sales revenues, respectively, as income on the related contracts are earned. The estimated lives for each major amortizable classification of intangible assets are as follows:     Years  Trade names 2 – 4 years  Home construction contracts 1 – 2 years  Non-compete agreements 2 – 5 years  Cell phone tower leases 5 – 20 years  Home plans 7 years 
Earnest Money Deposits	Earnest Money Deposits We collect earnest deposits at the time a home buyer’s contract is accepted. Earnest money deposits held on homes under contract as of December 31, 2016 and 2015, totaled $7.3 million and $6.7 million, respectively, and are included in accrued expenses and other liabilities on the consolidated balance sheet.
Stock-Based Compensation	Stock-Based Compensation We account for share-based awards in accordance with ASC 718, Compensation—Stock Compensation . ASC 718 requires us to estimate the grant date fair value of stock-based compensation awards and to recognize the fair value as compensation costs over the requisite service period, which is generally three years, for all awards that vest. We value our restricted stock awards and restricted stock units equal to the closing price of our common stock on the New York Stock Exchange on the date of grant.
Income Taxes	Income Taxes We account for income taxes in accordance with ASC 740, Income Taxes , which requires recognition of deferred tax assets and liabilities at enacted income tax rates for the temporary differences between the financial reporting bases and the tax bases of its assets and liabilities. Any effects of changes in income tax rates or tax laws are included in the provision for income taxes in the period of enactment. When it is more likely than not that a portion or all of a deferred tax asset will not be realized in the future, the Company provides a corresponding valuation allowance against the deferred tax asset. As of December 31, 2016 and 2015, we had no valuation allowance recorded against our deferred tax assets. In addition, when it is more likely than not that a tax position will be sustained upon examination by a tax authority that has full knowledge of all relevant information, the Company measures the amount of tax benefit from the position and records the largest amount of tax benefit that is more likely than not of being realized after settlement with a tax authority. The Company’s policy is to recognize interest to be paid on an underpayment of income taxes in interest expense and any related statutory penalties in the provision for income taxes on the consolidated statement of operations. As of December 31, 2016 and 2015, we had no reserves for uncertain tax positions.
Goodwill	Goodwill We evaluate goodwill for possible impairment in accordance with ASC 350, Intangibles–Goodwill and Other, on an annual basis, or more frequently if events or changes in circumstances indicate that the carrying amount of such assets may not be recoverable. We use a three step process to assess whether or not goodwill can be realized. The first step is a qualitative assessment that analyzes current economic indicators associated with a particular reporting unit. If the qualitative assessment indicates a stable or improved fair value, no further testing is required. If a qualitative assessment indicates that a significant decline to fair value of a reporting unit is more likely than not, we will proceed to the second step where we calculate the fair value of a reporting unit based on discounted future cash flows. If this step indicates that the carrying value of a reporting unit is in excess of its fair value, we will proceed to the third step where the fair value of the reporting unit will be allocated to assets and liabilities as they would in a business combination. Impairment occurs when the carrying amount of goodwill exceeds its estimated fair value calculated in the third step.  As of December 31, 2016 and 2015, we determined our goodwill was no t impaired.
Business Combinations	Business Combinations We account for business combinations in accordance with ASC 850, Business Combinations , if the acquired assets assumed and liabilities incurred constitute a business. We consider acquired companies to constitute a business if the acquired net assets and processes have the ability to create outputs in the form of revenue. For acquired companies constituting a business, we recognize the identifiable assets acquired and liabilities assumed at their acquisition-date fair values and recognize any excess of total consideration paid over the fair value of the identifiable net assets as goodwill.
Variable Interest Entities	Variable Interest Entities We review land option contracts where we have a non-refundable deposit to determine whether the corresponding land seller is a VIE and, if so, whether we are the primary beneficiary. In determining whether we are the primary beneficiary, we consider, among other things, whether we have the power to direct the activities that most significantly impact the economic performance of the VIE. In making this determination, we consider whether we have the power to direct certain activities, including, but not limited to, determining or limiting the scope or purpose of the VIE, the ability to sell or transfer property owned or controlled by the VIE, or arranging financing for the VIE. We are not the primary beneficiary of any VIE as of December 31, 2016 and 2015. We analyzed each of our land option contracts to determine whether the land seller is a VIE and, if so, whether we are the primary beneficiary. Although we do not have legal title to the underlying land, we are required to consolidate a VIE if we are the primary beneficiary. As a result of our analysis, we determined that as of December 31, 2016, we were not the primary beneficiary of any VIE from which we have acquired rights to land under the land option contract. As of December 31, 2016 and 2015, we have non-refundable cash deposits totaling $10.5 million and $2.9 million, respectively, classified in “Prepaid expenses and other assets” in our consolidated balance sheets for land option contracts. The non-refundable deposit is our maximum exposure to loss for the transactions as of December 31, 2016 and 2015, respectively.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In August 2015, the Financial Accounting Standards Board (which we refer to as “FASB”) issued ASU 2015-14, “Revenue from Contracts with Customers (Topic 606).” ASU 2015-14 defers the effective date of ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606)” and will be effective for the Company beginning on January 1, 2018, including interim reporting periods within that period. Early adoption is permitted as of annual reporting periods beginning after December 15, 2016. We plan to adopt ASU 2015-14 on January 1, 2018 under the modified retrospective approach. We do not believe that there will be a material impact on the amount or timing in recording home sales revenues as a result of adopting ASU 20 1 5-14. We will continue to evaluate the impact that the adoption of ASU 2015-14 will have on other aspects of our business and to our consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases (Topic 842).” ASU 2016-02 requires the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under previous GAAP. ASU 2016-02 is effective for the Company beginning January 1, 2019 and interim periods within the annual periods. We are currently evaluating the impact ASU 2016-02 will have on our consolidated financial statements.  In March 2016, the FASB issued ASU 2016-09, “Compensation – Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting.” ASU 2016-09 simplifies several aspects of the accounting for share-based payment transactions including income tax consequences, classification of awards as either equity or liabilities, and classification on the statement of cash flows. ASU 2016-09 was effective for the Company beginning January 1, 2017 and interim periods within the annual periods. Early adoption is permitted in any interim or annual period. We do not expect the adoption of ASU 2016-09 to have a material effect on our consolidated financial statements.  In August 2016, the FASB issued ASU 2016-15, “Statement of Cash Flows- Classification of Certain Cash Receipts and Cash Payments.” ASU 2016-15 consists of eight provisions that provide guidance on the classification of certain cash receipts and cash payments in the statement of cash flows. ASU 2016-15 is effective for annual reporting periods, and interim periods therein, beginning after December 15, 2017. We are currently evaluating the impact ASU 2016-15 will have on our consolidated financial statements.

Nature of Operations and Summ33

Nature of Operations and Summary of Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2016
Nature of Operations and Summary of Significant Accounting Policies [Abstract]
Schedule Of Estimated Lives Of Property Plant And Equipment	   Years  Buildings and improvements 3 – 40 years  Leasehold improvements 3 – 10 years  Machinery and equipment 3 – 15 years  Furniture and fixtures 2 – 7 years  Model furnishings 2 – 5 years  Computer hardware and software 1 – 5 years 
Schedule Of Amortizable Classification Of Intangible Assets	   Years  Trade names 2 – 4 years  Home construction contracts 1 – 2 years  Non-compete agreements 2 – 5 years  Cell phone tower leases 5 – 20 years  Home plans 7 years 

Reporting Segments (Tables)

Reporting Segments (Tables)	12 Months Ended
	Dec. 31, 2016
Reporting Segments [Abstract]
Schedule Of Home Sale Revenues And Pretax Income By Segment	   Year Ended December 31,  2016 2015 2014  Revenue:  Atlanta $ 343,141 $ 269,188 $ 36,726  Central Texas 107,435 77,996 55,845  Colorado 358,267 259,259 181,609  Houston 39,571 38,233 17,458  Nevada 143,395 89,813 70,754  Utah 2,631 — —  Corporate — — —  Total revenue $ 994,440 $ 734,489 $ 362,392   Income before income tax expense:  Atlanta $ 31,138 $ 23,574 $ 899  Central Texas 5,519 5,048 5,053  Colorado 51,713 37,090 29,924  Houston (2,833) (788) (759)  Nevada 15,586 12,425 8,588  Utah (686) — —  Corporate (27,288) (17,044) (12,746)  Total income before income tax expense $ 73,149 $ 60,305 $ 30,959 
Schedule Of Total Assets By Segment	   As of December 31,  2016 2015  Atlanta $ 262,448 $ 185,331  Central Texas 112,612 117,037  Colorado 293,467 313,653  Houston 25,780 51,534  Nevada 231,057 220,209  Utah 17,133 —  Corporate 65,031 29,977  Total assets $ 1,007,528 $ 917,741 

Business Combinations (Tables)

Business Combinations (Tables)	12 Months Ended
	Dec. 31, 2016
Las Vegas Land Holdings [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	   Assets acquired and liabilities assumed  Accounts receivable $ 347  Inventories 145,599  Prepaid expenses and other assets 1,876  Property and equipment 8,619  Amortizable intangible assets 3,042  Goodwill 11,283  Total assets $ 170,766   Accounts payable 2,074  Accrued expenses and other liabilities 1,816  Notes payable and capital lease obligations 1,497  Total liabilities $ 5,387 
Grand View Builders Inc. [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	  Assets acquired and liabilities assumed  Accounts receivable $ 188  Inventories 12,070  Prepaid expenses and other assets 295  Property and equipment 185  Amortizable intangible assets 1,748  Goodwill 1,746  Total assets $ 16,232   Accrued expenses and other liabilities (inclusive of earnout liability) 3,376  Total liabilities $ 3,376 
Peachtree Communities [Member]
Business Combinations [Line Items]
Schedule Of Final Recognized Assets Acquired And Liabilities Assumed	   Assets acquired and liabilities assumed  Accounts receivable $ 11  Inventories 48,034  Prepaid expenses and other assets 762  Property and equipment 54  Amortizable intangible assets 4,044  Goodwill 7,857  Total assets $ 60,762   Accounts payable 3,304  Accrued expenses and other liabilities 3,108  Total liabilities $ 6,412 

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2016
Inventory [Abstract]
Schedule Of Inventories	   As of December 31,  2016 2015  Homes under construction $ 455,454 $ 374,274  Land and land development 373,496 414,330  Capitalized interest 28,935 21,533  Total inventories $ 857,885 $ 810,137 

Amortizable Intangible Assets (

Amortizable Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Amortizable Intangible Assets [Abstract]
Schedule Of Amortizable Intagible Assets	  As of December 31,  2016 2015  Trade names $ 1,185 $ 2,499  Home construction contracts — 880  Non-compete agreements 5,065 5,084  In place lot option contracts 628 628  Home plans 764 764  Gross intangible assets 7,642 9,855  Accumulated amortization (4,731) (5,071)  Intangible assets, net $ 2,911 $ 4,784 
Schedule Of Future Amortization Expense	  2017 $ 1,266  2018 830  2019 675  2020 100  2021 40  Thereafter —  Intangible assets, net 2,911 

Property and Equipment (Tables)

Property and Equipment (Tables)	12 Months Ended
	Dec. 31, 2016
Property and Equipment [Abstract]
Schedule Of Property And Equipment	  As of December 31,  2016 2015  Land $ — $ 200  Buildings and improvements 300 958  Leasehold improvements 587 463  Machinery and equipment 605 222  Furniture and fixtures 730 458  Model furnishings 12,315 6,881  Computer hardware and software 3,641 2,538  18,178 11,720  Less accumulated depreciation (6,766) (3,345)  Total property and equipment, net $ 11,412 $ 8,375 

Prepaid Expenses and Other As39

Prepaid Expenses and Other Assets (Tables)	12 Months Ended
	Dec. 31, 2016
Prepaid Expenses and Other Assets [Abstract]
Schedule Of Prepaid Expenses And Other Assets	   As of December 31,  2016 2015  Prepaid insurance $ 12,236 $ 5,696  Lot option and escrow deposits 12,320 4,634  Performance deposits 1,544 1,404  Deferred financing costs revolving line of credit, net 2,637 2,318  Restricted cash 1,505 360  Secured note receivable 2,850 2,947  Assets held for sale 5,857 5,797  Other 1,508 3,579  Total prepaid expenses and other assets $ 40,457 $ 26,735 

Accrued Expenses and Other Li40

Accrued Expenses and Other Liabilities (Tables)	12 Months Ended
	Dec. 31, 2016
Accrued Expenses and Other Liabilities [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	  As of December 31,  2016 2015  Earnest money deposits $ 7,304 $ 6,717  Warranty reserve 2,479 2,622  Accrued compensation costs 12,603 8,114  Land development and home construction accruals 31,486 83,322  Accrued interest 3,039 2,651  Income taxes payable 783 374  Liabilities related to assets held for sale 193 223  Other 4,427 2,754  Total accrued expenses and other liabilities $ 62,314 $ 106,777 

Warranties (Tables)

Warranties (Tables)	12 Months Ended
	Dec. 31, 2016
Warranties [Abstract]
Schedule Of Changes In Warranty Accrual	  Year Ended December 31,  2016 2015 2014  Beginning balance $ 2,622 $ 2,194 $ 1,150  Warranty reserves assumed in business combinations — — 591  Warranty expense provisions 2,873 2,676 1,665  Payments (1,610) (1,628) (1,030)  Warranty adjustment (1,406) (620) (182)  Ending balance $ 2,479 $ 2,622 $ 2,194 

Notes Payable and Revolving L42

Notes Payable and Revolving Line of Credit (Tables)	12 Months Ended
	Dec. 31, 2016
Notes Payable and Revolving Line of Credit [Abstract]
Schedule Of Notes Payable And Revolving Loan Agreement	   As of December 31,  2016 2015  6.875% senior notes $ 253,089 $ 251,815  Revolving line of credit 195,000 135,000  Land development notes — 2,677  Insurance premium notes 5,999 751  Total notes payable and revolving line of credit $ 454,088 $ 390,243 
Schedule Of Maturities Of Long Term Debt	  2017 $ 5,999  2018 —  2019 195,000  2020 —  2021 —  Thereafter 260,000  Total 460,999  Less: Discount and deferred financing costs, net on 6.875% senior notes (6,911)  Carrying amount $ 454,088 

Interest (Tables)

Interest (Tables)	12 Months Ended
	Dec. 31, 2016
Interest [Abstract]
Schedule Of Capitalized Interest Costs	   Year Ended December 31,  2016 2015 2014  Interest capitalized beginning of period $ 21,533 11,302 $ 2,820  Interest capitalized during period 26,904 20,313 10,848  Less: capitalized interest in cost of sales (19,502) (10,082) (2,366)  Interest capitalized end of period $ 28,935 21,533 $ 11,302 

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2016
Income Taxes [Abstract]
Schedule Of Income Tax Expense	  Year Ended December 31,  2016 2015 2014  Current  Federal $ 19,417 $ 16,754 $ 11,860  State and local 2,685 2,027 1,131  Total current 22,102 18,781 12,991  Deferred  Federal 1,357 1,513 (1,923)  State and local 150 121 (131)  Total deferred 1,507 1,634 (2,054)  Income tax expense $ 23,609 $ 20,415 $ 10,937 
Schedule Of Components Of Income Tax Expense By Expense	  Year Ended December 31,  2016 2015 2014  Statutory income tax expense $ 25,602 $ 21,107 $ 10,836  State income tax expense, net of federal income tax expense 1,954 1,690 643  Domestic production activities deduction (2,146) (1,766) (612)  Federal energy credits (1,944) - -  Other permanent items 221 37 70  Other adjustments (78) (653) -  Income tax expense $ 23,609 $ 20,415 $ 10,937 
Schedule Of Deferred Tax Assets And Liabilities	  As of December 31,  2016 2015  Deferred tax assets  Warranty reserves $ 928 $ 983  Amortizable intangible assets 113 678  Stock based compensation 2,105 1,513  Accrued compensation and other 845 -  Inventories, additional costs capitalized for tax - 41  Deferred tax asset 3,991 3,215   Deferred tax liabilities  Prepaid expenses 191 514  Property and equipment 2,023 1,420  Accrued expenses 3,057 1,556  Inventories, additional costs capitalized for tax 502 -  Deferred tax liability 5,773 3,490  Net deferred tax liability $ (1,782) $ (275) 

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments	   December 31, 2016 December 31, 2015  Hierarchy Carrying Fair Value Carrying Fair Value  Secured note receivable (1) Level 2 $ 2,850 $ 2,828 $ 2,947 $ 2,926   6.875% senior notes (2) Level 2 $ 253,089 $ 260,090 $ 251,815 $ 232,503  Revolving line of credit (3) Level 2 195,000 195,000 135,000 135,000  Land development notes (4) Level 2 — — 2,677 2,672  Insurance premium notes (3) Level 2 5,999 5,999 751 751  Total notes payable and revolving line of credit $ 454,088 $ 463,689 $ 390,243 $ 370,926   (1) The estimated fair value of the secured note received in connection with the disposition of the golf course in our Tuscany community in our Nevada operating segment as of December 31, 2016 and 2015 was based on a cash flow model discounted at market interest rates that considered the underlying risks of the note. (2) Estimated fair value of the Senior Notes at December 31, 2016 and 2015 incorporated recent trading activity of the Senior Notes in inactive markets. (3) Carrying amount approximates fair value due to short-term nature and interest rate terms. (4) The estimated fair values of the land development notes at December 31, 2015 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt.

Operating Leases (Tables)

Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2016
Operating Leases [Abstract]
Schedule Of Future Minimum Lease Payments	  2017 $ 1,478  2018 1,261  2019 899  2020 924  2021 543  Thereafter 187  Total $ 5,292 

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2016
Stock-Based Compensation [Abstract]
Schedule Of Restricted Stock Award Activity	  Year Ended December 31,  2016 2015 2014  Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value Shares Weighted average per share grant date fair value  Outstanding, beginning of year 696 $ 18.18 366 $ 20.78 183 $ 19.57  Granted 514 14.28 500 16.92 250 21.34  Vested (297) 18.65 (141) 20.62 (60) 19.58  Forfeited (61) 16.05 (29) 17.42 (7) 19.59  Outstanding, end of year 852 $ 15.81 696 $ 18.18 366 $ 20.78 
Summary Of Outstanding Restricted Stock Awards And Units	  As of December 31, 2016  Restricted Stock Awards Restricted Stock Units Total  Unvested awards/units 357 495 852  Unrecognized compensation cost $ 3,299 $ 5,002 $ 8,301  Period to recognize compensation cost 1.0 years 2.1 years 1.7 years (weighted average) 

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2016
Earnings Per Share [Abstract]
Schedule Of Earnings Per Share, Basic And Diluted	   Year Ended December 31,  2016 2015 2014  Numerator  Net income $ 49,540 $ 39,890 $ 20,022  Less: Undistributed earnings allocated to participating securities (1,050) (1,323) (296)  Net income allocable to common stockholders $ 48,490 $ 38,567 $ 19,726  Denominator  Weighted average common shares outstanding - basic 20,679,189 20,569,012 19,226,504  Dilutive effect of restricted stock units 112,748 — —  Weighted average common shares outstanding - diluted 20,791,937 20,569,012 19,226,504  Earnings per share:  Basic $ 2.34 $ 1.88 $ 1.03  Diluted $ 2.33 $ 1.88 $ 1.03 

Results of Quarterly Operatio49

Results of Quarterly Operations (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2016
Results Of Quarterly Operations (Unaudited) [Abstract]
Schedule Of Quarterly Financial Information	  Quarter  First Second Third Fourth  (in thousands, except per share amounts)  2016  Home sales revenues $ 181,081 $ 257,179 $ 248,075 $ 292,398  Gross margin from home sales revenues $ 36,728 $ 49,296 $ 50,425 $ 56,157  Income before tax expense $ 12,429 $ 19,097 $ 19,731 $ 21,892  Net income $ 7,983 $ 13,142 $ 13,342 $ 15,073  Basic and diluted earnings per share $ 0.38 $ 0.62 $ 0.63 $ 0.71   2015  Home sales revenues $ 154,335 $ 186,808 $ 179,775 $ 204,519  Gross margin from home sales revenues $ 29,529 $ 36,583 $ 38,323 $ 41,799  Income before tax expense $ 9,524 $ 14,431 $ 15,945 $ 20,405  Net income $ 6,351 $ 9,798 $ 10,583 $ 13,158  Basic and diluted earnings per share $ 0.30 $ 0.46 $ 0.50 $ 0.62 

Supplemental Guarantor Inform50

Supplemental Guarantor Information (Tables)	12 Months Ended
	Dec. 31, 2016
Supplemental Guarantor Information [Abstract]
Supplemental Condensed Consolidated Balance Sheet	   Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450  Cash held in escrow — 20,044 — — 20,044  Accounts receivable 2,980 2,749 — — 5,729  Investment in subsidiaries 884,665 — — (884,665) —  Inventories — 857,885 — — 857,885  Prepaid expenses and other assets 14,628 25,662 167 — 40,457  Property and equipment, net 1,166 10,224 22 — 11,412  Investment in unconsolidated subsidiaries 18,275 — 18,275  Amortizable intangible assets, net — 2,911 — — 2,911  Goodwill — 21,365 — — 21,365  Total assets $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ 257 $ 15,575 $ (124) $ — $ 15,708  Accrued expenses and other liabilities 12,587 49,697 30 — 62,314  Deferred tax liability 1,782 — — — 1,782  Notes payable and revolving line of credit 448,089 5,999 — — 454,088  Total liabilities 462,715 71,271 (94) — 533,892  Stockholders’ equity: 473,636 878,215 6,450 (884,665) 473,636  Total liabilities and stockholders’ equity $ 936,351 $ 949,486 $ 6,356 $ (884,665) $ 1,007,528      Supplemental Condensed Consolidated Balance Sheet  As of December 31, 2015 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Assets  Cash and cash equivalents $ 22,002 $ 7,285 $ — $ — $ 29,287  Cash held in escrow — 11,817 — — 11,817  Accounts receivable 1,239 4,002 — — 5,241  Investment in subsidiaries 777,898 — — (777,898) —  Inventories — 810,137 — — 810,137  Prepaid expenses and other assets 3,727 23,008 — — 26,735  Property and equipment, net 857 7,518 — — 8,375  Amortizable intangible assets, net — 4,784 — — 4,784  Goodwill — 21,365 — — 21,365  Total assets $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741  Liabilities and stockholders’ equity  Liabilities:  Accounts payable $ — $ 10,967 $ — $ — $ 10,967  Accrued expenses and other liabilities 9,154 97,623 — — 106,777  Deferred tax liability, net 275 — — — 275  Notes payable and revolving line of credit 386,815 3,428 — — 390,243  Total liabilities 396,244 112,018 — — 508,262  Stockholders’ equity: 409,479 777,898 — (777,898) 409,479  Total liabilities and stockholders’ equity $ 805,723 $ 889,916 $ — $ (777,898) $ 917,741 
Supplemental Condensed Consolidated Statement Of Operations	   Supplemental Condensed Consolidated Statement of Operations  For the Year Ended December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenue  Home sales revenues $ — $ 978,733 $ — $ — $ 978,733  Land sales revenues — 11,799 — — 11,799  Golf course and other revenue — 3,908 — — 3,908  Total revenue — 994,440 — — 994,440  Costs and expenses  Cost of homes sales revenues — 786,127 — — 786,127  Cost of land sales revenues — 10,589 — — 10,589  Cost of golf course and other revenue — 3,628 — — 3,628  Selling, general and administrative 25,674 96,235 315 — 122,224  Total operating costs and expenses 25,674 896,579 315 — 922,568  Operating income (25,674) 97,861 (315) — 71,872  Other income (expense)  Equity in earnings from consolidated subsidiaries 64,297 — — (64,297) —  Interest income 34 161 — — 195  Interest expense — (5) — — (5)  Equity in earnings from unconsolidated subsidiaries 191 — — — 191  Acquisition expense (490) — — — (490)  Other income — 940 — — 940  Gain on disposition of assets — 446 — — 446  Income before income tax expense 38,358 99,403 (315) (64,297) 73,149  Income tax expense (11,182) 34,791 — — 23,609  Net income $ 49,540 $ 64,612 $ (315) $ (64,297) $ 49,540      Supplemental Condensed Consolidated Statement of Operations  For the Year Ended December 31, 2015 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Revenue  Home sales revenues $ — $ 725,437 $ — $ — $ 725,437  Land sales revenues — 3,405 — — 3,405  Golf course and other revenue — 5,647 — — 5,647  Total revenue — 734,489 — — 734,489  Costs and expenses  Cost of homes sales revenues — 579,203 — — 579,203  Cost of land sales revenues — 3,395 — — 3,395  Cost of golf course and other revenue — 5,037 — — 5,037  Selling, general and administrative 18,013 69,827 — — 87,840  Total operating costs and expenses 18,013 657,462 — — 675,475  Operating income (18,013) 77,027 — — 59,014  Other income (expense)  Equity in earnings from consolidated subsidiaries 51,197 — — (51,197) —  Interest income 44 85 — — 129  Interest expense — (10) — — (10)  Acquisition expense (491) — — — (491)  Other income — 1,535 — — 1,535  Gain on disposition of assets — 128 — — 128  Income before income tax expense 32,737 78,765 — (51,197) 60,305  Income tax expense (7,153) 27,568 — — 20,415  Net income $ 39,890 $ 51,197 $ — $ (51,197) $ 39,890       Supplemental Condensed Consolidated Statement of Operations  For the Year Ended December 31, 2014 (in thousands)   Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS   Revenue  Home sales revenues $ — $ 351,823 $ — $ — $ 351,823  Land sales revenues — 4,800 — — 4,800  Golf course and other revenue — 5,769 — — 5,769  Total revenue — 362,392 — — 362,392  Cost of home sale revenues  Cost of homes sales revenues — 276,386 — — 276,386  Cost of land sales revenues — 1,808 — — 1,808  Cost of golf course and other revenue — 6,301 — — 6,301  Selling, general and administrative 12,185 34,610 — — 46,795  Total operating costs and expenses 12,185 319,105 — — 331,290  Operating income (12,185) 43,287 — — 31,102  Other income (expense)  Equity in earnings from consolidated subsidiaries 28,729 — — (28,729) —  Interest income 359 3 — — 362  Interest expense — (26) — — (26)  Acquisition expense (1,414) — — — (1,414)  Other income — 736 — — 736  Gain on disposition of assets — 199 — — 199  Income before income tax expense 15,489 44,199 — (28,729) 30,959  Income tax expense (4,533) 15,470 — — 10,937  Net income $ 20,022 $ 28,729 $ — $ (28,729) $ 20,022 
Supplemental Condensed Consolidated Statement Of Cash Flows	    Supplemental Condensed Consolidated Statement of Cash Flows  For the Year Ended December 31, 2016 ( in thousands )  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash provided by/(used in) operating activities $ (16,138) $ (29,123) $ (575) $ — $ (45,836)  Net cash used in investing activities $ (58,032) $ (5,585) $ (23) $ 40,439 $ (23,201)  Financing activities  Borrowings under revolving credit facilities $ 220,000 $ — $ — $ — $ 220,000  Payments on revolving credit facilities (160,000) — — — (160,000)  Proceeds from insurance notes payable — 11,612 — — 11,612  Principal payments on notes payable — (9,217) — — (9,217)  Debt issuance costs (1,156) — — — (1,156)  Repurchases of common stock under our stock repurchase program (2,393) — — — (2,393)  Repurchases of common stock upon vesting of restricted stock awards (1,015) — — — (1,015)  Payments from (and advances to) parent/subsidiary — 33,674 6,765 (40,439) —  Net proceeds from issuances of common stock 11,369 — — — 11,369  Net cash provided by financing activities $ 66,805 $ 36,069 $ 6,765 $ (40,439) $ 69,200  Net decrease in cash and cash equivalents $ (7,365) $ 1,361 $ 6,167 $ — $ 163  Cash and cash equivalents  Beginning of period $ 22,002 $ 7,285 $ — $ — $ 29,287  End of period $ 14,637 $ 8,646 $ 6,167 $ — $ 29,450      Supplemental Condensed Consolidated Statement of Cash Flows  For the Year Ended December 31, 2015 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS  Net cash used in operating activities $ (3,742) $ (158,992) $ — $ — $ (162,734)  Net cash used in investing activities (167,244) (3,839) — 166,851 (4,232)  Financing activities  Borrowings under revolving credit facilities 180,000 — — — 180,000  Payments on revolving credit facilities (65,000) — — — (65,000)  Proceeds from issuance of senior notes 58,956 — — — 58,956  Proceeds from issuance of notes payable — 1,169 — — 1,169  Principal payments on notes payable — (8,656) — — (8,656)  Debt issuance costs (2,817) — — — (2,817)  Repurchases of common stock upon vesting of restricted stock awards (861) — — — (861)  Payments from (and advances to) parent/subsidiary — 166,851 — (166,851) —  Net cash provided by financing activities 170,278 159,364 — (166,851) 162,791  Net decrease in cash and cash equivalents (708) (3,467) — — (4,175)  Cash and cash equivalents  Beginning of period 22,710 10,752 — — 33,462  End of period $ 22,002 $ 7,285 $ — $ — $ 29,287      Supplemental Condensed Consolidated Statement of Cash Flows  For the Year Ended December 31, 2014 (in thousands)  Guarantor Non Guarantor Elimination Consolidated  CCS Subsidiaries Subsidiaries Entries CCS   Net cash used in operating activities $ (7,783) $ (121,888) $ — $ — $ (129,671)  Net cash used in investing activities (359,291) (233,001) — 358,580 (233,712)  Financing activities  Borrowings under revolving credit facilities 119,000 — — — 119,000  Payments on revolving credit facilities (99,000) — — — (99,000)  Proceeds from issuance of senior notes 198,478 — — — 198,478  Proceeds from issuance of notes payable — 6,760 — — 6,760  Principal payments on notes payable — (3,083) — — (3,083)  Debt issuance costs (6,783) — — — (6,783)  Net proceeds from issuances of common stock 81,564 — — — 81,564  Repurchases of common stock (9,746) — — — (9,746)  Excess tax benefit on stock-based compensation 43 — — — 43  Payments from (and advances to) parent/subsidiary — 358,580 — (358,580) —  Repurchases of common stock upon vesting of restricted stock awards (386) — — — (386)  Net cash provided by financing activities 283,170 362,257 — (358,580) 286,847  Net increase (decrease) in cash and cash equivalents (83,904) 7,368 — — (76,536)  Cash and cash equivalents  Beginning of period 106,614 3,384 — — 109,998  End of period $ 22,710 $ 10,752 $ — $ — $ 33,462 

Nature of Operations and Summ51

Nature of Operations and Summary of Significant Accounting Policies (Narrative) (Details) $ in Thousands	Apr. 30, 2013shares	Dec. 31, 2016USD ($)shares	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)shares	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2016USD ($)segmentshares	Dec. 31, 2015USD ($)shares	Dec. 31, 2014USD ($)
Summary of Significant Accounting Policies [Line Items]
Number of geographic operating segments | segment										6
Allowance for doubtful accounts receivable		$ 0				$ 0				$ 0	$ 0
Aggregate common stock shares | shares	5,000,000
Percentage of ownership before transaction	100.00%
Common stock shares authorized | shares	100,000,000	100,000,000				100,000,000				100,000,000	100,000,000
Preferred stock shares authorized | shares	50,000,000	50,000,000				50,000,000				50,000,000	50,000,000
Requisite service period										3 years
Impairment of real estate inventory										$ 0	$ 0	$ 0
Home sales revenues		$ 292,398	$ 248,075	$ 257,179	$ 181,081	$ 204,519	$ 179,775	$ 186,808	$ 154,335	978,733	725,437	351,823
Earnest money deposits		7,300				6,700				7,300	6,700
Tax valuation allowance		0				0				0	0
Reserves for uncetain tax positions		0				0				0	0
Goodwill impairment										0	0
Variable Interest Entity, Not Primary Beneficiary [Member] | Prepaid Expenses and Other Assets [Member]
Summary of Significant Accounting Policies [Line Items]
Non-refundable cash deposits		10,500				2,900				10,500	2,900
Grand View Builders Inc. [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues												17,500
Peachtree Communities [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues											36,700
Build On Your Own Lot [Member]
Summary of Significant Accounting Policies [Line Items]
Home sales revenues										7,300	6,100	22,000
Cost of home sales revenues										5,300	4,800	$ 17,400
Billed contracts receivable		1,000				800				1,000	800
Billings in excess of cost		$ 400				$ 300				$ 400	$ 300

Nature of Operations and Summ52

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Property and Equipment) (Details)	12 Months Ended
	Dec. 31, 2016
Building And Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Building And Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	40 years
Leasehold Improvements [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Leasehold Improvements [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	10 years
Machinery and Equipment [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	3 years
Machinery and Equipment [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	15 years
Furniture and Fixtures [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	2 years
Furniture and Fixtures [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	7 years
Model Furnishings [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	2 years
Model Furnishings [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	5 years
Computer Hardware and Software [Member] | Minimum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	1 year
Computer Hardware and Software [Member] | Maximum
Property, Plant and Equipment [Line Items]
Estimated useful life of asset	5 years

Nature of Operations and Summ53

Nature of Operations and Summary of Significant Accounting Policies (Schedule Of Amortizable Classification Of Intangible Assets) (Details)	12 Months Ended
	Dec. 31, 2016
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	7 years
Minimum | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Minimum | Home Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	1 year
Minimum | Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Minimum | Cell Phone Tower Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years
Maximum | Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	4 years
Maximum | Home Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	2 years
Maximum | Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	5 years
Maximum | Cell Phone Tower Leases [Member]
Finite-Lived Intangible Assets [Line Items]
Estimated useful life of intangible assets	20 years

Reporting Segments (Schedule Of

Reporting Segments (Schedule Of Segment Reporting Information) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenue									$ 994,440	$ 734,489	$ 362,392
Total income before income tax expense	$ 21,892	$ 19,731	$ 19,097	$ 12,429	$ 20,405	$ 15,945	$ 14,431	$ 9,524	73,149	60,305	30,959
Total assets	1,007,528				917,741				1,007,528	917,741
Atlanta [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									343,141	269,188	36,726
Total income before income tax expense									31,138	23,574	899
Total assets	262,448				185,331				262,448	185,331
Central Texas [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									107,435	77,996	55,845
Total income before income tax expense									5,519	5,048	5,053
Total assets	112,612				117,037				112,612	117,037
Colorado [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									358,267	259,259	181,609
Total income before income tax expense									51,713	37,090	29,924
Total assets	293,467				313,653				293,467	313,653
Houston [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									39,571	38,233	17,458
Total income before income tax expense									(2,833)	(788)	(759)
Total assets	25,780				51,534				25,780	51,534
Nevada [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									143,395	89,813	70,754
Total income before income tax expense									15,586	12,425	8,588
Total assets	231,057				220,209				231,057	220,209
Utah [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total revenue									2,631
Total income before income tax expense									(686)
Total assets	17,133								17,133
Corporate [Member] | Operating Segments [Member]
Segment Reporting Information [Line Items]
Total income before income tax expense									(27,288)	(17,044)	$ (12,746)
Total assets	$ 65,031				$ 29,977				$ 65,031	$ 29,977

Business Combinations (Narrativ

Business Combinations (Narrative) (Details)

Nov. 13, 2014USD ($)item

Aug. 12, 2014USD ($)

Apr. 01, 2014USD ($)item

Dec. 31, 2016USD ($)

Sep. 30, 2016USD ($)

Jun. 30, 2016USD ($)

Mar. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Sep. 30, 2015USD ($)

Jun. 30, 2015USD ($)

Mar. 31, 2015USD ($)

Dec. 31, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 31, 2014USD ($)

Nov. 01, 2016USD ($)

Business Combinations [Line Items]

Incurred acquisition-related costs

$ 100,000

Weighted average life of intangible assets

2 years 9 months 18 days

Increase (decrease) to cost of home sales revenues

$ (786,127,000)

$ (579,203,000)

$ (276,386,000)

Home sales revenues

$ 292,398,000

$ 248,075,000

$ 257,179,000

$ 181,081,000

$ 204,519,000

$ 179,775,000

$ 186,808,000

$ 154,335,000

978,733,000

725,437,000

351,823,000

Income before income taxes

21,892,000

$ 19,731,000

$ 19,097,000

$ 12,429,000

$ 20,405,000

$ 15,945,000

$ 14,431,000

$ 9,524,000

$ 73,149,000

60,305,000

30,959,000

Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Purchase price

$ 165,000,000

Number of lots | item

1,761

Number of communities | item

5

Number of homes in backlog | item

57

Number of model homes | item

17

Number of custom home lots | item

3

Number of fully operational golf courses | item

2

Number of one-acre commercial plots | item

2

Incurred acquisition-related costs

$ 800,000

Weighted average life of intangible assets

9 years 1 month 6 days

Goodwill amount expected to be tax deductible

$ 7,000,000

$ 7,000,000

Home sales revenues

70,800,000

Income before income taxes

8,600,000

Las Vegas Land Holdings [Member] | Minimum

Business Combinations [Line Items]

Market gross margin

7.00%

7.00%

Las Vegas Land Holdings [Member] | Maximum

Business Combinations [Line Items]

Market gross margin

24.00%

24.00%

Grand View Builders Inc. [Member]

Business Combinations [Line Items]

Purchase price

$ 13,000,000

Incurred acquisition-related costs

100,000

Fair value of acquisition earnout

$ 2,500,000

Earnout period

2 years

Maximum earnout downward reduction amount

$ 1,500,000

Goodwill amount expected to be tax deductible

$ 0

$ 0

Home sales revenues

17,500,000

Income before income taxes

$ (800,000)

Grand View Builders Inc. [Member] | Measurement Period Adjustments [Member]

Business Combinations [Line Items]

Increase (decrease) in the estimated value of amortizable intangible assets

(500,000)

Increase (decrease) in the fair value of the inventories

(200,000)

Increase (decrease) in goodwill

700,000

Increase (decrease) of selling, general, and administrative expenses

(100,000)

Increase (decrease) to cost of home sales revenues

(200,000)

Grand View Builders Inc. [Member] | Minimum

Business Combinations [Line Items]

Market gross margin

6.00%

6.00%

Potential earnout payments

0

Grand View Builders Inc. [Member] | Maximum

Business Combinations [Line Items]

Market gross margin

18.00%

18.00%

Potential earnout payments

$ 5,300,000

Peachtree Communities [Member]

Business Combinations [Line Items]

Purchase price

$ 57,000,000

Number of lots | item

2,120

Number of communities | item

36

Incurred acquisition-related costs

$ 500,000

Weighted average life of intangible assets

4 years 9 months 18 days

Goodwill amount expected to be tax deductible

$ 12,000,000

$ 12,000,000

Home sales revenues

36,700,000

Peachtree Communities [Member] | Measurement Period Adjustments [Member]

Business Combinations [Line Items]

Increase (decrease) in goodwill

(600,000)

Increase (decrease) to cost of home sales revenues

$ 100,000

Peachtree Communities [Member] | Minimum

Business Combinations [Line Items]

Market gross margin

6.00%

6.00%

Peachtree Communities [Member] | Maximum

Business Combinations [Line Items]

Market gross margin

18.00%

18.00%

Non-solicitation Agreement [Member] | Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 1,400,000

Amortization period

2 years

Cell Phone Tower Leases [Member] | Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 1,400,000

Amortization period

16 years 7 months 6 days

Home Plans [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 100,000

Amortization period

7 years

Home Plans [Member] | Las Vegas Land Holdings [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 300,000

Amortization period

7 years

Home Plans [Member] | Peachtree Communities [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 200,000

Amortization period

7 years

Non-Compete Agreements [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 500,000

Amortization period

4 years

Non-Compete Agreements [Member] | Peachtree Communities [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 3,200,000

Amortization period

5 years

Trade Names [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 1,000,000

Amortization period

2 years 8 months 12 days

Backlog [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 200,000

Amortization period

1 year 6 months

Lot Option Agreements [Member] | Peachtree Communities [Member]

Business Combinations [Line Items]

Estimate of fair value

$ 600,000

Amortization period

3 years

Business Combinations (Schedule

Business Combinations (Schedule Of Assets And Liabilities Acquired) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Nov. 13, 2014	Aug. 12, 2014	Apr. 01, 2014
Assets acquired and liabilities assumed
Goodwill	$ 21,365	$ 21,365
Las Vegas Land Holdings [Member]
Assets acquired and liabilities assumed
Accounts receivable					$ 347
Inventories					145,599
Prepaid expenses and other assets					1,876
Property and equipment					8,619
Amortizable intangible assets					3,042
Goodwill					11,283
Total assets					170,766
Accounts payable					2,074
Accrued expenses and other liabilities					1,816
Notes payable and capital lease obligations					1,497
Total liabilities					$ 5,387
Grand View Builders Inc. [Member]
Assets acquired and liabilities assumed
Accounts receivable				$ 188
Inventories				12,070
Prepaid expenses and other assets				295
Property and equipment				185
Amortizable intangible assets				1,748
Goodwill				1,746
Total assets				16,232
Accrued expenses and other liabilities (inclusive of earnout liability)				3,376
Total liabilities				$ 3,376
Peachtree Communities [Member]
Assets acquired and liabilities assumed
Accounts receivable			$ 11
Inventories			48,034
Prepaid expenses and other assets			762
Property and equipment			54
Amortizable intangible assets			4,044
Goodwill			7,857
Total assets			60,762
Accounts payable			3,304
Accrued expenses and other liabilities			3,108
Total liabilities			$ 6,412

Inventory (Schedule Of Inventor

Inventory (Schedule Of Inventories) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Inventory [Abstract]
Homes under construction	$ 455,454	$ 374,274
Land and land development	373,496	414,330
Capitalized interest	28,935	21,533	$ 11,302	$ 2,820
Total inventories	$ 857,885	$ 810,137

Amortizable Intangible Assets58

Amortizable Intangible Assets (Schedule Of Amortizable Intangible Assets) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 7,642	$ 9,855
Accumulated amortization	(4,731)	(5,071)
Intangible assets, net	2,911	4,784
Amortization expense	1,900	2,400	$ 1,500
Total write off depreciated amortizable intangible assets and related accumulated amortization	2,200
Trade Names [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	1,185	2,499
Home Construction Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets		880
Non-Compete Agreements [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	5,065	5,084
In Place Lot Option Contracts [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	628	628
Home Plans [Member]
Finite-Lived Intangible Assets [Line Items]
Gross intangible assets	$ 764	$ 764

Amortizable Intangible Assets59

Amortizable Intangible Assets (Schedule Of Future Amortization Expense) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Amortizable Intangible Assets [Abstract]
2,017	$ 1,266
2,018	830
2,019	675
2,020	100
2,021	40
Thereafter
Intangible assets, net	$ 2,911	$ 4,784

Property and Equipment - (Sched

Property and Equipment - (Schedule Of Property And Equipment) (Detail) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Property, Plant and Equipment [Line Items]
Property and equipment	$ 18,178	$ 11,720
Less accumulated depreciation	(6,766)	(3,345)
Total property and equipment, net	11,412	8,375
Land [Member]
Property, Plant and Equipment [Line Items]
Property and equipment		200
Building And Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	300	958
Leasehold Improvements [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	587	463
Machinery and Equipment [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	605	222
Furniture and Fixtures [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	730	458
Model Furnishings [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	12,315	6,881
Computer Hardware and Software [Member]
Property, Plant and Equipment [Line Items]
Property and equipment	$ 3,641	$ 2,538

Prepaid Expenses and Other As61

Prepaid Expenses and Other Assets (Schedule Of Prepaid Expenses And Other Assets) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Prepaid Expenses and Other Assets [Abstract]
Prepaid insurance	$ 12,236	$ 5,696
Lot option and escrow deposits	12,320	4,634
Performance deposits	1,544	1,404
Deferred financing costs revolving line of credit, net	2,637	2,318
Restricted cash	1,505	360
Secured note receivable	2,850	2,947
Assets held for sale	5,857	5,797
Other	1,508	3,579
Total prepaid expenses and other assets	$ 40,457	$ 26,735

Investment in Unconsolidated 62

Investment in Unconsolidated Subsidiaries (Narrative) (Details) - USD ($) $ in Millions	Nov. 01, 2016	Dec. 31, 2016
Schedule of Equity Method Investments [Line Items]
Invested amount	$ 15	$ 18.3
Potential indemnification claims amount	$ 1
Indemnification claims period	18 months
Incurred acquisition-related costs	$ 0.1
Aggregate investment amount	18.1
Outside basis	7.6
Equity in earnings		$ 0.2
Inventory [Member]
Schedule of Equity Method Investments [Line Items]
Outside basis	$ 2
Amortization period	6 months
Goodwill [Member]
Schedule of Equity Method Investments [Line Items]
Outside basis	$ 4.4
Intangible Assets [Member]
Schedule of Equity Method Investments [Line Items]
Amortization period	10 years
Trade Names [Member]
Schedule of Equity Method Investments [Line Items]
Outside basis	$ 1.2
WJH [Member]
Schedule of Equity Method Investments [Line Items]
Ownership interest	50.00%
Formation [Member]
Schedule of Equity Method Investments [Line Items]
Invested amount	$ 3
Formation [Member] | WJH [Member]
Schedule of Equity Method Investments [Line Items]
Invested amount	$ 3

Accrued Expenses and Other Li63

Accrued Expenses and Other Liabilities (Schedule Of Accrued Expenses And Other Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Accrued Expenses and Other Liabilities [Abstract]
Earnest money deposits	$ 7,304	$ 6,717
Warranty reserve	2,479	2,622	$ 2,194	$ 1,150
Accrued compensation costs	12,603	8,114
Land development and home construction accruals	31,486	83,322
Accrued interest	3,039	2,651
Income taxes payable	783	374
Liabilities related to assets held for sale	193	223
Other	4,427	2,754
Total accrued expenses and other liabilities	$ 62,314	$ 106,777

Warranties (Schedule Of Changes

Warranties (Schedule Of Changes In Warranty Accrual) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Warranties [Abstract]
Beginning balance	$ 2,622	$ 2,194	$ 1,150
Warranty reserves assumed in business combinations			591
Warranty expense provisions	2,873	2,676	1,665
Payments	(1,610)	(1,628)	(1,030)
Warranty adjustment	(1,406)	(620)	(182)
Ending balance	$ 2,479	$ 2,622	$ 2,194

Notes Payable and Revolving L65

Notes Payable and Revolving Line of Credit (Narrative) (Details)

Aug. 19, 2016USD ($)

Jul. 31, 2015USD ($)

Jul. 30, 2015USD ($)

Oct. 21, 2014USD ($)

Oct. 31, 2015USD ($)

Apr. 30, 2015USD ($)

Feb. 28, 2015USD ($)

May 31, 2014USD ($)

Dec. 31, 2016USD ($)loan

Aug. 18, 2016USD ($)

Dec. 31, 2015USD ($)

Dec. 22, 2015USD ($)

Dec. 21, 2015USD ($)

Debt Instrument [Line Items]

Line of credit facility, outstanding amount

$ 195,000,000

$ 135,000,000

Land development notes, outstanding

2,677,000

Insurance premium notes, outstanding

$ 5,999,000

751,000

First Modification Agreement [Member] | Bank of America [Member]

Debt Instrument [Line Items]

Uncommitted option to increase credit facility

$ 100,000,000

$ 80,000,000

Land Development Notes And Insurance Premium Notes [Member] | Minimum

Debt Instrument [Line Items]

Interest and principal payment percentage

3.89%

Land Development Notes And Insurance Premium Notes [Member] | Maximum

Debt Instrument [Line Items]

Interest and principal payment percentage

3.88%

Senior Notes [Member]

Debt Instrument [Line Items]

Interest rate

6.875%

Maturity date

2022-05

Initial Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 200,000,000

Net proceeds from issuance of senior debt

$ 193,300,000

Discount rate

99.239%

Maturity year

2,022

Initial Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 200,000,000

Interest rate

6.875%

Maturity year

2,022

Additional Senior Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 60,000,000

Net proceeds from issuance of senior debt

$ 58,500,000

Interest rate

6.875%

Discount rate

98.26%

Maturity year

2,022

Additional Exchange Notes [Member]

Debt Instrument [Line Items]

Principal amount

$ 60,000,000

Interest rate

6.875%

Maturity year

2,022

Land Development Notes [Member]

Debt Instrument [Line Items]

Number of notes payable | loan

3

Insurance Premium Note [Member]

Debt Instrument [Line Items]

Number of notes payable | loan

2

Inusrance Premium Note One [Member]

Debt Instrument [Line Items]

Maturity end date

Mar. 31, 2017

Inusrance Premium Note Two [Member]

Debt Instrument [Line Items]

Maturity end date

Dec. 31, 2017

Revolving Credit Facility [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2019

Revolving Credit Facility [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2017

Line of credit facility. maximum borrowing capacity

$ 120,000,000

$ 120,000,000

Revolving Credit Facility [Member] | First Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 200,000,000

$ 200,000,000

Revolving Credit Facility [Member] | First Modification Agreement [Member] | Texas Capital Bank [Member] | Extended Maturity [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2018

Revolving Credit Facility [Member] | Second Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 300,000,000

Revolving Credit Facility [Member] | Third Modification Agreement [Member] | Texas Capital Bank [Member]

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

$ 380,000,000

$ 300,000,000

Revolving Credit Facility [Member] | Third Modification Agreement [Member] | Texas Capital Bank [Member] | Extended Maturity [Member]

Debt Instrument [Line Items]

Maturity date

Oct. 21, 2019

Line Of Credit [Member]

Debt Instrument [Line Items]

Covenant description

The Credit Agreement also requires us to maintain (i) a leverage ratio of not more than 1.50 to 1.0 as of the last day of any fiscal quarter, based upon our and our subsidiaries' (on a consolidated basis) ratio of debt to tangible net worth, (ii) an interest coverage ratio of not less than 1.50 to 1.0 for any four fiscal quarter period, based upon our and our subsidiaries' (on a consolidated basis) ratio of EBITDA to cash interest expense, (iii) a consolidated tangible net worth of not less than the sum of $250 million, plus 50% of the net proceeds of any issuances of equity interests by us and the guarantors of the Revolving Credit Facility, plus 50% of the amount of our and our subsidiaries' consolidated net income, (iv) liquidity of not less than $25 million, and (v) a risk asset ratio of not more than 1.25 to 1.0, based upon the ratio of the book value of all risk assets owned by us and our subsidiaries to the our tangible net worth.

Commitment fee percentage

0.20%

Consolidated tangible net worth

$ 250,000,000

Percentage of proceeds from equity issuance

50.00%

Percentage of subsidiaries' consolidated net income

50.00%

Liquidity value

$ 25,000,000

Line of credit facility, outstanding amount

$ 195,000,000

$ 135,000,000

Line Of Credit [Member] | Minimum

Debt Instrument [Line Items]

Leverage ratio

1

Interest coverage ratio

1

Line Of Credit [Member] | Maximum

Debt Instrument [Line Items]

Line of credit facility. maximum borrowing capacity

80,000,000

Letter of credit sublimit

$ 20,000,000

Leverage ratio

1.50

Interest coverage ratio

1.50

Risk asset ratio

1.25

Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

2.75%

Line Of Credit [Member] | London Interbank Offered Rate (LIBOR) | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

3.25%

Line Of Credit [Member] | Base Rate [Member] | Minimum

Debt Instrument [Line Items]

Basis spread on variable rate

1.75%

Line Of Credit [Member] | Base Rate [Member] | Maximum

Debt Instrument [Line Items]

Basis spread on variable rate

2.25%

Notes Payable and Revolving L66

Notes Payable and Revolving Line of Credit (Schedule Of Notes Payable And Revolving Line Of Credit) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Notes Payable and Revolving Line of Credit [Abstract]
6.875% senior notes	$ 253,089	$ 251,815
Revolving line of credit	195,000	135,000
Land development notes		2,677
Insurance premium notes	5,999	751
Total notes payable and revolving line of credit (Carrying amount)	$ 454,088	$ 390,243

Notes Payable and Revolving Loa

Notes Payable and Revolving Loan Agreement (Schedule Of Maturities Of Long Term Debt) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Notes Payable and Revolving Line of Credit [Abstract]
2,017	$ 5,999
2,018
2,019	195,000
2,020
2,021
Thereafter	260,000
Total	460,999
Less: Discount and deferred financing costs, net on 6.875% senior notes	(6,911)
Total notes payable and revolving line of credit (Carrying amount)	$ 454,088	$ 390,243

Interest (Schedule Of Capitaliz

Interest (Schedule Of Capitalized Interest Costs) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest [Abstract]
Interest capitalized beginning of period	$ 21,533	$ 11,302	$ 2,820
Interest capitalized during period	26,904	20,313	10,848
Less: capitalized interest in cost of sales	(19,502)	(10,082)	(2,366)
Interest capitalized end of period	$ 28,935	$ 21,533	$ 11,302

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Tax Examination [Line Items]
Effective tax rate	35.00%	35.00%	35.00%
Income tax expense	$ 23,609	$ 20,415	$ 10,937
Tax valuation allowance	0	0
Reserves for uncetain tax positions	$ 0	$ 0
Internal Revenue Service [Member] | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
Internal Revenue Service [Member] | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
Internal Revenue Service [Member] | Tax Year 2015 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,015
State Jurisdiction [Member] | COLORADO | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | COLORADO | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | COLORADO | Tax Year 2015 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,015
State Jurisdiction [Member] | GEORGIA | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | GEORGIA | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | GEORGIA | Tax Year 2015 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,015
State Jurisdiction [Member] | NEVADA | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | NEVADA | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | NEVADA | Tax Year 2015 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,015
State Jurisdiction [Member] | TEXAS | Tax Year 2013 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,013
State Jurisdiction [Member] | TEXAS | Tax Year 2014 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,014
State Jurisdiction [Member] | TEXAS | Tax Year 2015 [Member]
Income Tax Examination [Line Items]
Income tax year open for audit	2,015

Income Taxes (Schedule Of Incom

Income Taxes (Schedule Of Income Tax Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Federal	$ 19,417	$ 16,754	$ 11,860
State and local	2,685	2,027	1,131
Total current	22,102	18,781	12,991
Federal	1,357	1,513	(1,923)
State and local	150	121	(131)
Total deferred	1,507	1,634	(2,054)
Income tax expense	$ 23,609	$ 20,415	$ 10,937

Income Taxes (Schedule Of Compo

Income Taxes (Schedule Of Components Of Income Tax Expense By Expense) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Income Taxes [Abstract]
Statutory income tax expense	$ 25,602	$ 21,107	$ 10,836
State income tax expense, net of federal income tax expense	1,954	1,690	643
Domestic production activities deduction	(2,146)	(1,766)	(612)
Federal energy credits	(1,944)
Other permanent items	221	37	70
Other adjustments	(78)	(653)
Income tax expense	$ 23,609	$ 20,415	$ 10,937

Income Taxes (Schedule Of Defer

Income Taxes (Schedule Of Deferred Tax Assets And Liabilities) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Income Taxes [Abstract]
Warranty reserves	$ 928	$ 983
Amortizable intangible assets	113	678
Stock based compensation	2,105	1,513
Accrued compensation and other	845
Inventories, additional costs capitalized for tax		41
Deferred tax asset	3,991	3,215
Prepaid expenses	191	514
Property and equipment	2,023	1,420
Accrued expenses	3,057	1,556
Inventories, additional costs capitalized for tax	502
Deferred tax liabiliy	5,773	3,490
Net deferred tax liability	$ (1,782)	$ (275)

Fair Value Disclosures (Schedul

Fair Value Disclosures (Schedule Of Carrying Values And Estimated Fair Values Of Financial Instruments) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015
Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit	$ 454,088	$ 390,243
Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total notes payable and revolving line of credit	463,689	370,926
Level 2 [Member] | Carrying Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	2,850	2,947
6.875% senior notes	253,089	251,815
Revolving line of credit	195,000	135,000
Land development notes		2,677
Insurance premium notes	5,999	751
Level 2 [Member] | Fair Value [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Secured note receivable	2,828	2,926
6.875% senior notes	260,090	232,503
Revolving line of credit	195,000	135,000
Land development notes		2,672
Insurance premium notes	$ 5,999	$ 751

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Operating Leases [Abstract]
Rent expense	$ 1.4	$ 1.1	$ 0.5

Operating Leases (Schedule Of F

Operating Leases (Schedule Of Future Minimum Lease Payments) (Details) $ in Thousands	Dec. 31, 2016USD ($)
Operating Leases [Abstract]
2,017	$ 1,478
2,018	1,261
2,019	899
2,020	924
2,021	543
Thereafter	187
Future minimum lease payments	$ 5,292

Postretirement Plan (Narrative)

Postretirement Plan (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Postretirement Plan [Abstract]
Matching contribution, percentage	50.00%
Employer contribution, percet of employee's gross pay	6.00%
Contribution, amount	$ 0.4	$ 0.2	$ 0.1

Stock-Based Compensation (Narra

Stock-Based Compensation (Narrative) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock-Based Compensation [Abstract]
Compensation expense	$ 6.7	$ 5.2	$ 2.2

Stock-Based Compensation (Summa

Stock-Based Compensation (Summarizes Of Restricted Stock Award Activity) (Details) - $ / shares shares in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Stock-Based Compensation [Abstract]
Outstanding, beginning balance (shares)	696	366	183
Granted (shares)	514	500	250
Vested (shares)	(297)	(141)	(60)
Forfeited (shares)	(61)	(29)	(7)
Outstanding, ending balance (shares)	852	696	366
Outstanding, beginning balance (Weighted average date grant fair value)	$ 18.18	$ 20.78	$ 19.57
Granted (Weighted average grant date fair value)	14.28	16.92	21.34
Vested (Weighted average grant date fair value)	18.65	20.62	19.58
Forfeited (Weighted average grant date fair value)	16.05	17.42	19.59
Outstanding, ending balance (Weighted average date grant fair value)	$ 15.81	$ 18.18	$ 20.78

Stock-Based Compensation (Sum79

Stock-Based Compensation (Summary Of Outstanding Restricted Stock Awards And Units) (Details) - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units	852	696	366	183
Unrecognized compensation cost	$ 8,301
Period to recognize compensation cost	1 year 8 months 12 days
Restricted Stock Awards [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units	357
Unrecognized compensation cost	$ 3,299
Period to recognize compensation cost	1 year
Restricted Stock Units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unvested awards/units	495
Unrecognized compensation cost	$ 5,002
Period to recognize compensation cost	2 years 1 month 6 days

Stockholders' Equity (Narrative

Stockholders' Equity (Narrative) (Details) - USD ($) $ / shares in Units, $ in Thousands	Nov. 07, 2016	Dec. 31, 2016	Dec. 31, 2014	Dec. 31, 2015	Apr. 30, 2013
Class of Stock [Line Items]
Common stock shares authorized		100,000,000		100,000,000	100,000,000
Common stock, par value		$ 0.01		$ 0.01
Preferred stock shares authorized		50,000,000		50,000,000	50,000,000
Preferred stock, par value		$ 0.01		$ 0.01
Common stock shares outstanding, excluding restricted common shares		21,300,000		20,600,000
Common stock shares for stock award issuance				1,800,000
Weighted average price per share		$ 15.03
Aggregate offering price	$ 50,000
Common stock shares sold and issued		21,620,544		21,303,702
Net proceeds from issuances of common stock		$ 11,369	$ 81,564
Distribution Agreement [Member]
Class of Stock [Line Items]
Common stock shares sold and issued		600,000

Earnings Per Share (Schedule Of

Earnings Per Share (Schedule Of Earnings Per Share, Basic And Diluted) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Numerator
Net income	$ 15,073	$ 13,342	$ 13,142	$ 7,983	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 49,540	$ 39,890	$ 20,022
Less: Undistributed earnings allocated to participating securities									(1,050)	(1,323)	(296)
Net income allocable to common stockholders									$ 48,490	$ 38,567	$ 19,726
Denominator
Weighted average common shares outstanding - basic									20,679,189	20,569,012	19,226,504
Dilutive effect of restricted stock units									112,748
Weighted average common shares outstanding - diluted									20,791,937	20,569,012	19,226,504
Earnings per share:
Basic									$ 2.34	$ 1.88	$ 1.03
Diluted									$ 2.33	$ 1.88	$ 1.03

Related-Party Transactions - Na

Related-Party Transactions - Narrative (Detail) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Related-Party Transactions [Abstract]
Gross margin benefit	$ 2.9	$ 1.8	$ 2.1
Carrying basis of lots before development costs	$ 0.2	$ 1

Commitments and Contingencies (

Commitments and Contingencies (Narrative) (Details) - USD ($) $ in Millions	Dec. 31, 2016	Dec. 31, 2015
Commitments and Contingencies [Abstract]
Outstanding letters of credit and performance bonds	$ 70.1	$ 63.6

Results of Quarterly Operatio84

Results of Quarterly Operations (Unaudited) (Schedule Of Quarterly Financial Information) (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Results Of Quarterly Operations (Unaudited) [Abstract]
Home sales revenues	$ 292,398	$ 248,075	$ 257,179	$ 181,081	$ 204,519	$ 179,775	$ 186,808	$ 154,335	$ 978,733	$ 725,437	$ 351,823
Gross margin from home sales revenues	56,157	50,425	49,296	36,728	41,799	38,323	36,583	29,529
Total income before income tax expense	21,892	19,731	19,097	12,429	20,405	15,945	14,431	9,524	73,149	60,305	30,959
Net income	$ 15,073	$ 13,342	$ 13,142	$ 7,983	$ 13,158	$ 10,583	$ 9,798	$ 6,351	$ 49,540	$ 39,890	$ 20,022
Basic and diluted earnings per share	$ 0.71	$ 0.63	$ 0.62	$ 0.38	$ 0.62	$ 0.50	$ 0.46	$ 0.30

Disposition of Golf Courses (Na

Disposition of Golf Courses (Narrative) (Details) - Tuscany Golf Course [Member] - Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2016USD ($)
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Total consideration amount	$ 4,000
Cash from total consideration amount	1,000
Secured note from total consideration amount	3,000
Gain on sale	$ 2
Term of payments for principal and interest	monthly
Date of balloon payment	May 31, 2020
Balloon payment of secure note	$ 2,500
Minimum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest rate	4.50%
Maximum
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Interest rate	5.50%

Supplemental Guarantor Inform86

Supplemental Guarantor Information (Narrative) (Details) - USD ($)	1 Months Ended
	Oct. 31, 2015	Apr. 30, 2015	Feb. 28, 2015	May 31, 2014
Initial Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount				$ 200,000,000
Maturity year				2,022
Initial Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount			$ 200,000,000
Interest rate			6.875%
Maturity year			2,022
Additional Senior Notes [Member]
Debt Instrument [Line Items]
Principal amount		$ 60,000,000
Interest rate		6.875%
Maturity year		2,022
Additional Exchange Notes [Member]
Debt Instrument [Line Items]
Principal amount	$ 60,000,000
Interest rate	6.875%
Maturity year	2,022

Supplemental Guarantor Inform87

Supplemental Guarantor Information (Supplemental Condensed Consolidated Balance Sheet) (Details) - USD ($) $ in Thousands	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 29,450	$ 29,287	$ 33,462	$ 109,998
Cash held in escrow	20,044	11,817
Accounts receivable	5,729	5,241
Inventories	857,885	810,137
Prepaid expenses and other assets	40,457	26,735
Property and equipment, net	11,412	8,375
Investment in unconsolidated subsidiaries	18,275
Amortizable intangible assets, net	2,911	4,784
Goodwill	21,365	21,365
Total Assets	1,007,528	917,741
Liabilities:
Accounts payable	15,708	10,967
Accrued expenses and other liabilities	62,314	106,777
Deferred tax liability, net	1,782	275
Notes payable and revolving line of credit	454,088	390,243
Total liabilities	533,892	508,262
Stockholders' equity:	473,636	409,479	365,205	271,556
Total liabilities and stockholders' equity	1,007,528	917,741
CCS [Member]
Assets
Cash and cash equivalents	14,637	22,002	22,710	106,614
Accounts receivable	2,980	1,239
Investment in subsidiaries	884,665	777,898
Prepaid expenses and other assets	14,628	3,727
Property and equipment, net	1,166	857
Investment in unconsolidated subsidiaries	18,275
Total Assets	936,351	805,723
Liabilities:
Accounts payable	257
Accrued expenses and other liabilities	12,587	9,154
Deferred tax liability, net	1,782	275
Notes payable and revolving line of credit	448,089	386,815
Total liabilities	462,715	396,244
Stockholders' equity:	473,636	409,479
Total liabilities and stockholders' equity	936,351	805,723
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	8,646	7,285	$ 10,752	$ 3,384
Cash held in escrow	20,044	11,817
Accounts receivable	2,749	4,002
Inventories	857,885	810,137
Prepaid expenses and other assets	25,662	23,008
Property and equipment, net	10,224	7,518
Amortizable intangible assets, net	2,911	4,784
Goodwill	21,365	21,365
Total Assets	949,486	889,916
Liabilities:
Accounts payable	15,575	10,967
Accrued expenses and other liabilities	49,697	97,623
Notes payable and revolving line of credit	5,999	3,428
Total liabilities	71,271	112,018
Stockholders' equity:	878,215	777,898
Total liabilities and stockholders' equity	949,486	889,916
Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	6,167
Prepaid expenses and other assets	167
Property and equipment, net	22
Total Assets	6,356
Liabilities:
Accounts payable	(124)
Accrued expenses and other liabilities	30
Total liabilities	(94)
Stockholders' equity:	6,450
Total liabilities and stockholders' equity	6,356
Elimination Entries [Member]
Assets
Investment in subsidiaries	(884,665)	(777,898)
Total Assets	(884,665)	(777,898)
Liabilities:
Stockholders' equity:	(884,665)	(777,898)
Total liabilities and stockholders' equity	$ (884,665)	$ (777,898)

Supplemental Guarantor Inform88

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Operations) (Details) - USD ($) $ in Thousands	3 Months Ended								12 Months Ended
	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Revenue
Home sales revenues	$ 292,398	$ 248,075	$ 257,179	$ 181,081	$ 204,519	$ 179,775	$ 186,808	$ 154,335	$ 978,733	$ 725,437	$ 351,823
Land sales revenues									11,799	3,405	4,800
Golf course and other revenue									3,908	5,647	5,769
Total revenue									994,440	734,489	362,392
Cost of home sales revenues									786,127	579,203	276,386
Cost of land sales revenues									10,589	3,395	1,808
Cost of golf course and other revenue									3,628	5,037	6,301
Selling, general, and administrative									122,224	87,840	46,795
Total operating costs and expenses									922,568	675,475	331,290
Operating income									71,872	59,014	31,102
Other income (expense):
Interest income									195	129	362
Interest expense									(5)	(10)	(26)
Equity in income of unconsolidated subsidiaries									191
Acquisition expense									(490)	(491)	(1,414)
Other income									940	1,535	736
Gain on disposition of assets									446	128	199
Income before income tax expense	21,892	19,731	19,097	12,429	20,405	15,945	14,431	9,524	73,149	60,305	30,959
Income tax expense									23,609	20,415	10,937
Net income	$ 15,073	$ 13,342	$ 13,142	$ 7,983	$ 13,158	$ 10,583	$ 9,798	$ 6,351	49,540	39,890	20,022
CCS [Member]
Revenue
Selling, general, and administrative									25,674	18,013	12,185
Total operating costs and expenses									25,674	18,013	12,185
Operating income									(25,674)	(18,013)	(12,185)
Other income (expense):
Equity in earnings from consolidated subsidiaries									64,297	51,197	28,729
Interest income									34	44	359
Equity in income of unconsolidated subsidiaries									191
Acquisition expense									(490)	(491)	(1,414)
Income before income tax expense									38,358	32,737	15,489
Income tax expense									(11,182)	(7,153)	(4,533)
Net income									49,540	39,890	20,022
Guarantor Subsidiaries [Member]
Revenue
Home sales revenues									978,733	725,437	351,823
Land sales revenues									11,799	3,405	4,800
Golf course and other revenue									3,908	5,647	5,769
Total revenue									994,440	734,489	362,392
Cost of home sales revenues									786,127	579,203	276,386
Cost of land sales revenues									10,589	3,395	1,808
Cost of golf course and other revenue									3,628	5,037	6,301
Selling, general, and administrative									96,235	69,827	34,610
Total operating costs and expenses									896,579	657,462	319,105
Operating income									97,861	77,027	43,287
Other income (expense):
Interest income									161	85	3
Interest expense									(5)	(10)	(26)
Other income									940	1,535	736
Gain on disposition of assets									446	128	199
Income before income tax expense									99,403	78,765	44,199
Income tax expense									34,791	27,568	15,470
Net income									64,612	51,197	28,729
Non-Guarantor Subsidiaries [Member]
Revenue
Selling, general, and administrative									315
Total operating costs and expenses									315
Operating income									(315)
Other income (expense):
Income before income tax expense									(315)
Net income									(315)
Elimination Entries [Member]
Other income (expense):
Equity in earnings from consolidated subsidiaries									(64,297)	(51,197)	(28,729)
Income before income tax expense									(64,297)	(51,197)	(28,729)
Net income									$ (64,297)	$ (51,197)	$ (28,729)

Supplemental Guarantor Inform89

Supplemental Guarantor Information (Supplemental Condensed Consolidated Statement Of Cash Flows) (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	$ (45,836)	$ (162,734)	$ (129,671)
Net cash used in investing activities	(23,201)	(4,232)	(233,712)
Financing activities
Borrowings under revolving credit facilities	220,000	180,000	119,000
Payments on revolving credit facilities	(160,000)	(65,000)	(99,000)
Proceeds from issuance of senior notes		58,956	198,478
Proceeds from issuances of insurance notes payable	11,612	1,169	6,760
Principal payments on notes payable	(9,217)	(8,656)	(3,083)
Debt issuance costs	(1,156)	(2,817)	(6,783)
Net proceeds from issuances of common stock	11,369		81,564
Repurchases of common stock under our stock repurchase program	(2,393)		(9,746)
Repurchases of common stock upon vesting of restricted stock awards	(1,015)	(861)	(386)
Excess tax benefit on stock-based compensation			43
Net cash provided by financing activities	69,200	162,791	286,847
Net increase (decrease) in cash and cash equivalents	163	(4,175)	(76,536)
Cash and cash equivalents, Beginning of period	29,287	33,462	109,998
Cash and cash equivalents, End of period	29,450	29,287	33,462
CCS [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	(16,138)	(3,742)	(7,783)
Net cash used in investing activities	(58,032)	(167,244)	(359,291)
Financing activities
Borrowings under revolving credit facilities	220,000	180,000	119,000
Payments on revolving credit facilities	(160,000)	(65,000)	(99,000)
Proceeds from issuance of senior notes		58,956	198,478
Debt issuance costs	(1,156)	(2,817)	(6,783)
Net proceeds from issuances of common stock	11,369		81,564
Repurchases of common stock under our stock repurchase program	(2,393)		(9,746)
Repurchases of common stock upon vesting of restricted stock awards	(1,015)	(861)	(386)
Excess tax benefit on stock-based compensation			43
Net cash provided by financing activities	66,805	170,278	283,170
Net increase (decrease) in cash and cash equivalents	(7,365)	(708)	(83,904)
Cash and cash equivalents, Beginning of period	22,002	22,710	106,614
Cash and cash equivalents, End of period	14,637	22,002	22,710
Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	(29,123)	(158,992)	(121,888)
Net cash used in investing activities	(5,585)	(3,839)	(233,001)
Financing activities
Proceeds from issuances of insurance notes payable	11,612	1,169	6,760
Principal payments on notes payable	(9,217)	(8,656)	(3,083)
Payments from (and advances to) parent/subsidiary	33,674	166,851	358,580
Net cash provided by financing activities	36,069	159,364	362,257
Net increase (decrease) in cash and cash equivalents	1,361	(3,467)	7,368
Cash and cash equivalents, Beginning of period	7,285	10,752	3,384
Cash and cash equivalents, End of period	8,646	7,285	10,752
Non-Guarantor Subsidiaries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in operating activities	(575)
Net cash used in investing activities	(23)
Financing activities
Payments from (and advances to) parent/subsidiary	6,765
Net cash provided by financing activities	6,765
Net increase (decrease) in cash and cash equivalents	6,167
Cash and cash equivalents, End of period	6,167
Elimination Entries [Member]
Condensed Cash Flow Statements, Captions [Line Items]
Net cash used in investing activities	40,439	166,851	358,580
Financing activities
Payments from (and advances to) parent/subsidiary	(40,439)	(166,851)	(358,580)
Net cash provided by financing activities	$ (40,439)	$ (166,851)	$ (358,580)

Subsequent Events (Narrative) (

Subsequent Events (Narrative) (Details) - Subsequent Event - USD ($)	Jan. 26, 2017	Jan. 25, 2017
January 2017 Senior Notes [Member]
Subsequent Event [Line Items]
Principal amount	$ 125,000,000
Interest rate	6.875%
Maturity year	2,022
Net proceeds from the sale of the notes	$ 125,400,000
Existing Notes [Member]
Subsequent Event [Line Items]
Principal amount		$ 260,000,000
Interest rate		6.875%
Maturity year		2,022