Ryland 10-Q 6 May 14 2014 Q1 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	3 Months Ended
	Mar. 31, 2014	5-May-14
Document and Entity Information	'	'
Entity Registrant Name	'RYLAND GROUP INC	'
Entity Central Index Key	'0000085974	'
Document Type	'10-Q	'
Document Period End Date	31-Mar-14	'
Amendment Flag	'false	'
Current Fiscal Year End Date	'--12-31	'
Entity Current Reporting Status	'Yes	'
Entity Filer Category	'Large Accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	46,915,547
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q1	'

CONSOLIDATED_STATEMENTS_OF_EAR

CONSOLIDATED STATEMENTS OF EARNINGS (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
REVENUES	'	'
Homebuilding	$481,485	$363,501
Financial services	8,198	11,179
TOTAL REVENUES	489,683	374,680
EXPENSES	'	'
Cost of sales	379,999	292,336
Selling, general and administrative	62,794	50,517
Financial services	9,609	6,858
Interest	0	3,762
TOTAL EXPENSES	452,402	353,473
OTHER INCOME	'	'
Gain from marketable securities, net	404	705
Other income	485	291
TOTAL OTHER INCOME	889	996
Income from continuing operations before taxes	38,170	22,203
Tax expense	14,643	199
NET INCOME FROM CONTINUING OPERATIONS	23,527	22,004
Income from discontinued operations, net of taxes	0	113
NET INCOME	$23,527	$22,117
NET INCOME PER COMMON SHARE	'	'
Basic (in dollars per share)	$0.50	$0.48
Diluted (in dollars per share)	$0.42	$0.43
AVERAGE COMMON SHARES OUTSTANDING	'	'
Basic (in shares)	46,579,280	45,434,996
Diluted (in shares)	58,126,928	53,362,097
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	$0.03	$0.03

CONSOLIDATED_STATEMENTS_OF_OTH

CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'
Net income	$23,527	$22,117
Other comprehensive income (loss), net of tax:	'	'
Amortization of actuarial loss on defined benefit pension plan, net	5	0
Unrealized gain (loss) on marketable securities, available-for-sale, net	188	-124
Other comprehensive income (loss), net of tax	193	-124
Comprehensive income	$23,720	$21,993

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Cash, cash equivalents and marketable securities	'	'
Cash and cash equivalents	$259,153	$227,986
Restricted cash	85,253	90,034
Marketable securities, available-for-sale	264,689	313,155
Total cash, cash equivalents and marketable securities	609,095	631,175
Housing inventories	'	'
Homes under construction	741,304	643,357
Land under development and improved lots	973,720	973,250
Consolidated inventory not owned	34,469	33,176
Total housing inventories	1,749,493	1,649,783
Property, plant and equipment	26,811	25,437
Mortgage loans held-for-sale	69,037	139,576
Net deferred taxes	174,071	185,904
Other	146,223	148,437
Assets of discontinued operations	0	30
TOTAL ASSETS	2,774,730	2,780,342
LIABILITIES	'	'
Accounts payable	157,257	172,841
Accrued and other liabilities	191,097	212,680
Financial services credit facility	59,119	73,084
Debt	1,397,553	1,397,308
Liabilities of discontinued operations	0	504
TOTAL LIABILITIES	1,805,026	1,856,417
STOCKHOLDERS' EQUITY	'	'
Preferred stock, $1.00 par value: Authorized-10,000 shares Series A Junior Participating Preferred, none outstanding	0	0
Common stock, $1.00 par value: Authorized-199,990,000 shares Issued-46,866,216 shares at March 31, 2014 (46,234,809 shares at December 31, 2013)	46,866	46,235
Retained earnings	906,482	862,968
Accumulated other comprehensive loss	-964	-1,157
TOTAL STOCKHOLDERS' EQUITY FOR THE RYLAND GROUP, INC.	952,384	908,046
NONCONTROLLING INTEREST	17,320	15,879
TOTAL EQUITY	969,704	923,925
TOTAL LIABILITIES AND EQUITY	$2,774,730	$2,780,342

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2014	Dec. 31, 2013
CONSOLIDATED BALANCE SHEETS	'	'
Preferred stock, par value (in dollars per share)	$1	$1
Preferred stock, Authorized shares Series A Junior Participating Preferred	10,000	10,000
Preferred stock, outstanding shares Series A Junior Participating Preferred	0	0
Common stock, par value (in dollars per share)	$1	$1
Common stock, Authorized shares	199,990,000	199,990,000
Common stock, Issued shares	46,866,216	46,234,809

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income from continuing operations	$23,527		$22,004
Adjustments to reconcile net income from continuing operations to net cash used for operating activities:	'		'
Depreciation and amortization	4,718		4,040
Inventory and other asset impairments and write-offs	618		213
Realized gain on marketable securities	-164		-152
Decrease in deferred tax valuation allowance	0		-8,341
Stock-based compensation expense	5,633		4,449
Changes in assets and liabilities:	'		'
Increase in inventories	-100,211		-85,534
Net change in other assets, payables and other liabilities	41,007		55,294
Other operating activities, net	-162		-197
Net cash used for operating activities from continuing operations	-25,034		-8,224
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
Contributions to unconsolidated joint ventures	-31		-35
Return of investment in unconsolidated joint ventures	0		200
Additions to property, plant and equipment	-4,704		-3,819
Purchases of marketable securities, available-for-sale	-119,344		-180,965
Proceeds from sales and maturities of marketable securities, available-for-sale	169,487		206,267
Net cash provided by investing activities from continuing operations	45,408		21,648
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Repayments of borrowings against a revolving credit facility, net	-13,965		0
Increase (decrease) in short-term borrowings	78		-1,462
Common stock dividends	-1,432		-1,382
Issuance of common stock under stock-based compensation	21,331		14,477
Decrease (increase) in restricted cash	4,781		-711
Net cash provided by financing activities from continuing operations	10,793		10,922
Net increase in cash and cash equivalents from continuing operations	31,167		24,346
Cash flows from operating activities-discontinued operations	-27		-15
Cash flows from investing activities-discontinued operations	0		15
Cash flows from financing activities-discontinued operations	0		0
Cash and cash equivalents at beginning of period	228,013	[1]	158,114	[1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD	259,153	[2]	182,460	[2]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'		'
Cash paid for income taxes	-949		-84
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES	'		'
(Increase) decrease in consolidated inventory not owned related to land options	($1,441)		$5,195
[1]	Includes cash and cash equivalents of $27,000 associated with discontinued operations at December 31, 2013 and 2012.
[2]	Includes cash and cash equivalents of $27,000 associated with discontinued operations at March 31, 2013.

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	Dec. 31, 2013	Mar. 31, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF CASH FLOWS	'	'	'
Cash and cash equivalents - discontinued operations	$27,000	$27,000	$27,000

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (USD $)	Total	COMMON STOCK	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
In Thousands, unless otherwise specified
TOTAL EQUITY BALANCE at Dec. 31, 2013	$923,925	'	'	'
STOCKHOLDERS' EQUITY BALANCE at Dec. 31, 2013	908,046	46,235	862,968	-1,157	[1]
Increase (Decrease) in Stockholders' Equity	'	'	'	'
Net income	23,527	0	23,527	0	[1]
Other comprehensive loss, net of tax	193	0	0	193	[1]
Common stock dividends (per share $0.03)	-1,417	0	-1,417	0	[1]
Stock-based compensation	22,035	631	21,404	0	[1]
NONCONTROLLING INTEREST	17,320	'	'	'
TOTAL EQUITY BALANCE at Mar. 31, 2014	969,704	'	'	'
STOCKHOLDERS' EQUITY BALANCE at Mar. 31, 2014	$952,384	$46,866	$906,482	($964)	[1]
[1]	At March 31, 2014, the balance in accumulated other comprehensive loss was comprised of an unrealized actuarial loss on defined benefit pension plan of $1.0 million, net of taxes of $637,000, and an unrealized gain on marketable securities, available-for-sale of $65,000. At December 31, 2013, the balance in accumulated other comprehensive loss was comprised of an unrealized actuarial loss on defined benefit pension plan of $1.0 million, net of taxes of $640,000, and an unrealized loss on marketable securities, available-for-sale of $123,000. (See Note 4, "Accumulated Other Comprehensive Loss.")

CONSOLIDATED_STATEMENTS_OF_STO1

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (Parenthetical) (ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME, USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Dec. 31, 2013
Statement	'	'
Unrealized actuarial loss on defined benefit pension plan, net of taxes	$1,000,000	$1,000,000
Unrealized actuarial loss on defined benefit pension plan, tax	637,000	640,000
Unrealized gain (loss) on marketable securities, available-for-sale	$65,000	($123,000)

Consolidated_Financial_Stateme

Consolidated Financial Statements	3 Months Ended
	Mar. 31, 2014
Consolidated Financial Statements	'
Consolidated Financial Statements	'
	Note 1.  Consolidated Financial Statements
	The consolidated financial statements include the accounts of The Ryland Group, Inc. and its 100 percent-owned subsidiaries (the “Company”). Noncontrolling interest represents the selling entities’ ownership interests in land and lot option purchase contracts. (See Note 11, “Variable Interest Entities (‘VIE’).”) Intercompany transactions have been eliminated in consolidation. Information is presented on a continuing operations basis unless otherwise noted. The results from continuing and discontinued operations are presented separately in the consolidated financial statements. Prior to January 1, 2014, the Company’s other income was included in selling, general and administrative expense. All prior period amounts have been reclassified to conform to the 2014 presentation. For a description of the Company’s accounting policies, see Note A, “Summary of Significant Accounting Policies,” in its 2013 Annual Report on Form 10-K.
	The Consolidated Balance Sheet at March 31, 2014, the Consolidated Statements of Earnings and Other Comprehensive Income for the three-month periods ended March 31, 2014 and 2013, the Consolidated Statements of Cash Flows for the three-month periods ended March 31, 2014 and 2013, and the Consolidated Statement of Stockholders’ Equity as of and for the three-month period ended March 31, 2014, have been prepared by the Company without audit. In the opinion of management, all adjustments, including normally recurring adjustments necessary to present fairly the Company’s financial position, results of operations and cash flows at March 31, 2014, and for all periods presented, have been made. Certain information and footnote disclosures normally included in the financial statements have been condensed or omitted. These financial statements should be read in conjunction with the financial statements and related notes included in the Company’s 2013 Annual Report on Form 10-K.
	The Company has historically experienced, and expects to continue to experience, variability in quarterly results. Accordingly, the results of operations for the three months ended March 31, 2014, are not necessarily indicative of the operating results expected for the year ending December 31, 2014.

Other_Income

Other Income	3 Months Ended
	Mar. 31, 2014
Other Income	'
Other Income	'
	Note 2.  Other Income
	Other income primarily consists of cancellation income from forfeited sales contract deposits, insurance-related income, interest income and various other types of ancillary income. The Company’s other income totaled $485,000 and $291,000 for the three-month periods ended March 31, 2014 and 2013, respectively.

Comprehensive_Income

Comprehensive Income	3 Months Ended
	Mar. 31, 2014
Comprehensive Income	'
Comprehensive Income	'
	Note 3.  Comprehensive Income
	Comprehensive income or loss consists of net income or loss; actuarial gains or losses on defined benefit pension plans; and the increase or decrease in unrealized gains or losses on available-for-sale marketable securities, net of applicable taxes. Comprehensive income totaled $23.7 million and $22.0 million for the three-month periods ended March 31, 2014 and 2013, respectively.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	3 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Loss	'
Accumulated Other Comprehensive Loss	'
	Note 4.  Accumulated Other Comprehensive Loss
	Accumulated other comprehensive income or loss consists of actuarial gains or losses on defined benefit pension plans and unrealized gains or losses on available-for-sale marketable securities, as reported within the Consolidated Statements of Stockholders’ Equity. Reclassification adjustments represent realized gains or losses on the sales of available-for-sale marketable securities and netted gains of $48,000 and $152,000 for the three-month periods ended March 31, 2014 and 2013, respectively. Realized gains or losses were included in “Gain from marketable securities, net” within the Consolidated Statements of Earnings.
	The following table summarizes the components of other comprehensive income (loss) for the three-month periods ended March 31, 2014 and 2013:
		MARCH 31, 2014
	(in thousands)	GROSS OTHER			TAX BENEFIT			NET OTHER
		COMPREHENSIVE						COMPREHENSIVE
		INCOME (LOSS)						INCOME (LOSS)
	Amortization of actuarial loss on defined benefit pension plan	$	8		$	(3	)	$	5
	Unrealized gain on marketable securities, available-for-sale:
	Unrealized gain on marketable securities, available-for-sale	236			-			236
	Less: reclassification adjustments for gains included in net income	(48		)	-			(48		)
	Total unrealized gain on marketable securities, available-for-sale	188			-			188
	Other comprehensive income	$	196		$	(3	)	$	193
		MARCH 31, 2013
	Unrealized loss on marketable securities, available-for-sale:
	Unrealized gain on marketable securities, available-for-sale	$	28		$	-		$	28
	Less: reclassification adjustments for gains included in net income	(152		)	-			(152		)
	Total unrealized loss on marketable securities, available-for-sale	(124		)	-			(124		)
	Other comprehensive loss	$	(124	)	$	-		$	(124	)

Cash_Cash_Equivalents_and_Rest

Cash, Cash Equivalents and Restricted Cash	3 Months Ended
	Mar. 31, 2014
Cash, Cash Equivalents and Restricted Cash	'
Cash, Cash Equivalents and Restricted Cash	'
	Note 5.  Cash, Cash Equivalents and Restricted Cash
	Cash and cash equivalents totaled $259.2 million and $228.0 million at March 31, 2014 and December 31, 2013, respectively. The Company considers all highly liquid short-term investments purchased with an original maturity of three months or less and cash held in escrow accounts to be cash equivalents.
	At March 31, 2014 and December 31, 2013, the Company had restricted cash of $85.3 million and $90.0 million, respectively. The Company has various secured letter of credit agreements that require it to maintain cash deposits as collateral for outstanding letters of credit. Cash restricted under these agreements totaled $84.4 million and $89.5 million at March 31, 2014 and December 31, 2013, respectively. In addition, Ryland Mortgage Company and its subsidiaries and RMC Mortgage Corporation (“RMCMC”), collectively referred to as “RMC,” had restricted cash of $832,000 and $487,000 at March 31, 2014 and December 31, 2013, respectively.

Segment_Information

Segment Information	3 Months Ended
	Mar. 31, 2014
Segment Information	'
Segment Information	'
	Note 6.  Segment Information
	The Company is a leading national homebuilder and provider of mortgage-related financial services. As one of the largest single-family on-site homebuilders in the United States, it operates in 17 states across the country. In accordance with Accounting Standards Codification (“ASC”) No. 280 (“ASC 280”), “Segment Reporting,” the Company has identified six reportable segments: four geographically determined homebuilding regions (North, Southeast, Texas and West); financial services; and corporate. The homebuilding segments specialize in the sale and construction of single-family attached and detached housing. The Company’s financial services segment, which includes RMC, RH Insurance Company, Inc. (“RHIC”) and Columbia National Risk Retention Group, Inc. (“CNRRG”), provides mortgage-related products and services, as well as title and escrow services, to its homebuyers. Corporate is a nonoperating business segment with the sole purpose of supporting operations. In order to best reflect the Company’s financial condition and results of operations, certain corporate expenses are allocated to the homebuilding and financial services segments, along with certain assets and liabilities relating to employee benefit plans.
	The Company evaluates performance and allocates resources based on a number of factors, including segment pretax earnings and risk. The accounting policies of the segments are the same as those described in Note 1, “Consolidated Financial Statements.”
		THREE MONTHS ENDED
		MARCH 31,
	(in thousands)	2014			2013
	REVENUES
	Homebuilding
	North	$	133,564		$	95,682
	Southeast	126,667			105,219
	Texas	111,151			77,337
	West	110,103			85,263
	Financial services	8,198			11,179
	Total	$	489,683		$	374,680
	EARNINGS (LOSS) BEFORE TAXES
	Homebuilding
	North	$	10,794		$	3,339
	Southeast	14,857			7,205
	Texas	7,847			5,023
	West	12,728			7,906
	Financial services	(1,411		)	4,321
	Corporate and unallocated	(6,645		)	(5,591		)
	Total	$	38,170		$	22,203
	The following table provides the Company’s total assets at March 31, 2014 and December 31, 2013:
		MARCH 31, 2014
	(in thousands)	HOUSING			OTHER ASSETS			TOTAL ASSETS
		INVENTORIES
	Homebuilding
	North	$	481,432		$	51,476		$	532,908
	Southeast	438,285			25,528			463,813
	Texas	314,495			31,485			345,980
	West	515,281			36,351			551,632
	Financial services	-			120,991			120,991
	Corporate and unallocated	-			759,406			759,406
	Total	$	1,749,493		$	1,025,237		$	2,774,730
	Homebuilding	31-Dec-13
	North	$	464,777		$	48,314		$	513,091
	Southeast	397,237			24,143			421,380
	Texas	290,018			37,310			327,328
	West	497,751			30,248			527,999
	Financial services	-			193,652			193,652
	Corporate and unallocated	-			796,862			796,862
	Total	$	1,649,783		$	1,130,529		$	2,780,312

Earnings_Per_Share_Reconciliat

Earnings Per Share Reconciliation	3 Months Ended
	Mar. 31, 2014
Earnings Per Share Reconciliation	'
Earnings Per Share Reconciliation	'
	Note 7.  Earnings Per Share Reconciliation
	The Company computes earnings per share in accordance with ASC No. 260, (“ASC 260”), “Earnings per Share,” which requires earnings per share for each class of stock to be calculated using the two-class method. The two-class method is the method by which a company allocates earnings or loss between holders of its common stock and its participating security holders. Under the two-class method, the allocation of earnings or loss between common shareholders and other security holders is based on their respective participation rights in dividends and undistributed earnings for the reporting period. All outstanding nonvested shares of restricted stock that contain non-forfeitable rights to dividends are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method. The Company’s nonvested shares of restricted stock are considered participating securities in accordance with ASC 260.
	The following table displays the computation of basic and diluted earnings per share:
		THREE MONTHS ENDED
		MARCH 31,
	(in thousands, except share data)	2014			2013
	NUMERATOR
	Net income from continuing operations	$	23,527		$	22,004
	Net income from discontinued operations	-			113
	Less: distributed earnings allocated to nonvested restricted stock	-			(3		)
	Less: undistributed earnings allocated to nonvested restricted stock	(30		)	(111		)
	Numerator for basic income per share	23,497			22,003
	Plus: interest on 1.6 percent convertible senior notes due 2018	729			729
	Plus: interest on 0.25 percent convertible senior notes due 2019	299			-
	Plus: undistributed earnings allocated to nonvested restricted stock	30			111
	Less: undistributed earnings reallocated to nonvested restricted stock	(24		)	(95		)
	Numerator for diluted income per share	$	24,531		$	22,748
	DENOMINATOR
	Basic earnings per share–weighted-average shares	46,579,280			45,434,996
	Effect of dilutive securities:
	Share-based payments	957,906			903,321
	1.6 percent convertible senior notes due 2018	7,023,780			7,023,780
	0.25 percent convertible senior notes due 2019	3,565,962			-
	Diluted earnings per share-adjusted weighted-average
	shares and assumed conversions	58,126,928			53,362,097
	NET INCOME PER COMMON SHARE
	Basic	$	0.5		$	0.48
	Diluted	$	0.42		$	0.43

Marketable_Securities_Availabl

Marketable Securities, Available-for-sale	3 Months Ended
	Mar. 31, 2014
Marketable Securities, Available-for-sale	'
Marketable Securities, Available-for-sale	'
	Note 8.  Marketable Securities, Available-for-sale
	The Company’s investment portfolio includes U.S. Treasury securities; obligations of U.S. government agencies; municipal debt securities; corporate debt securities; asset-backed securities of U.S. government agencies and covered bonds; time deposits; and short-term pooled investments. These investments are primarily held in the custody of a single financial institution. As defined in ASC No. 320 (“ASC 320”), “Investments—Debt and Equity Securities,” the Company considers its investment portfolio to be available-for-sale. Accordingly, these investments are recorded at their fair values. The cost of securities sold is based on an average-cost basis. Unrealized gains and losses on these investments were included in “Accumulated other comprehensive loss” within the Consolidated Balance Sheets.
	The Company periodically reviews its available-for-sale securities for other-than-temporary declines in fair values that are below their cost bases, as well as whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. At March 31, 2014 and December 31, 2013, the Company believed that the cost bases for its available-for-sale securities were recoverable in all material respects.
	For the three-month periods ended March 31, 2014 and 2013, net realized earnings associated with the Company’s investment portfolio, which included interest, dividends and net realized gains on sales of marketable securities, totaled $404,000 and $705,000, respectively. These earnings were included in “Gain from marketable securities, net” within the Consolidated Statements of Earnings. Realized gains or losses on the sales of marketable securities were included as reclassification adjustments. (See Note 4, “Accumulated Other Comprehensive Loss.”)
	The following table displays the fair values of marketable securities, available-for-sale, by type of security:
		MARCH 31, 2014
	(in thousands)	AMORTIZED		GROSS		GROSS			ESTIMATED
		COST		UNREALIZED		UNREALIZED			FAIR VALUE
				GAINS		LOSSES
	Type of security:
	U.S. Treasury securities	$	70,542	$	198	$	-		$	70,740
	Obligations of U.S. government agencies	16,288		1		(11		)	16,278
	Municipal debt securities	28,249		655		(771		)	28,133
	Corporate debt securities	119,178		99		(20		)	119,257
	Asset-backed securities	17,785		73		(22		)	17,836
	Total debt securities	252,042		1,026		(824		)	252,244
	Time deposits	1,408		-		-			1,408
	Short-term pooled investments	11,037		-		-			11,037
	Total marketable securities, available-for-sale	$	264,487	$	1,026	$	(824	)	$	264,689
		31-Dec-13
	Type of security:
	U.S. Treasury securities	$	76,355	$	149	$	-		$	76,504
	Obligations of U.S. government agencies	17,074		2		(8		)	17,068
	Municipal debt securities	33,492		492		(1,008		)	32,976
	Corporate debt securities	157,798		102		(21		)	157,879
	Asset-backed securities	20,433		76		(20		)	20,489
	Total debt securities	305,152		821		(1,057		)	304,916
	Time deposits	1,606		-		-			1,606
	Short-term pooled investments	6,633		-		-			6,633
	Total marketable securities, available-for-sale	$	313,391	$	821	$	(1,057	)	$	313,155
	The primary objectives of the Company’s investment portfolio are safety of principal and liquidity. Investments are made with the purpose of achieving the highest rate of return consistent with these two objectives. The Company’s investment policy limits investments to debt rated investment grade or better, as well as to bank and money market instruments and to issues by the U.S. government, U.S. government agencies and municipal or other institutions primarily with investment-grade credit ratings. Policy restrictions are placed on maturities, as well as on concentration by type and issuer.
	The following table displays the fair values of marketable securities, available-for-sale, by contractual maturity:
	(in thousands)	MARCH 31, 2014		31-Dec-13
	Contractual maturity:
	Maturing in one year or less	$	108,440	$	129,384
	Maturing after one year through three years	122,236		154,169
	Maturing after three years	21,568		21,363
	Total debt securities	252,244		304,916
	Time deposits and short-term pooled investments	12,445		8,239
	Total marketable securities, available-for-sale	$	264,689	$	313,155

Housing_Inventories

Housing Inventories	3 Months Ended
	Mar. 31, 2014
Housing Inventories	'
Housing Inventories	'
	Note 9.  Housing Inventories
	Housing inventories consist principally of homes under construction and land under development and improved lots. Inventory includes land and development costs; direct construction costs; capitalized indirect construction costs; capitalized interest; and real estate taxes. The costs of acquiring and developing land and constructing certain related amenities are allocated to the parcels to which these costs relate. Inventories to be held and used are stated at cost unless a community is determined to be impaired, in which case the impaired inventories are written down to their fair values.
	As required by ASC No. 360 (“ASC 360”), “Property, Plant and Equipment,” inventory is reviewed for potential write-downs on an ongoing basis. ASC 360 requires that, in the event that impairment indicators are present and undiscounted cash flows signify that the carrying amount of an asset is not recoverable, impairment charges must be recorded if the fair value of the asset is less than its carrying amount. The Company reviews all communities on a quarterly basis for changes in events or circumstances indicating signs of impairment. Examples of events or changes in circumstances include, but are not limited to: price declines resulting from sustained competitive pressures; a change in the manner in which the asset is being used; a change in assessments by a regulator or municipality; cost increases; the expectation that, more likely than not, an asset will be sold or disposed of significantly before the end of its previously estimated useful life; or the impact of local economic or macroeconomic conditions, such as employment or housing supply, on the market for a given product. Signs of impairment may include, but are not limited to: very low or negative profit margins, the absence of sales activity in an open community and/or significant price differences for comparable parcels of land held-for-sale.
	If it is determined that indicators of impairment exist in a community, undiscounted cash flows are prepared and analyzed at a community level based on expected pricing; sales rates; construction costs; local municipality fees; warranty, closing, carrying, selling, overhead and other related costs; or on similar assets to determine if the realizable values of the assets held are less than their respective carrying amounts. In order to determine assumed sales prices included in cash flow models, the Company analyzes historical sales prices on homes delivered in the community and in other communities located within the same geographic area, as well as sales prices included in its current backlog for such communities. In addition, it analyzes market studies and trends, which generally include statistics on sales prices of similar products in neighboring communities and sales prices of similar products in non-neighboring communities located within the same geographic area. In order to estimate the costs of building and delivering homes, the Company generally assumes cost structures reflecting contracts currently in place with vendors, adjusted for any anticipated cost-reduction initiatives or increases. The Company’s analysis of each community generally assumes current pricing equal to current sales orders for a particular or comparable community. For a minority of communities that the Company does not intend to operate for an extended period of time or where the operating life extends beyond several years, slight increases over current sales prices are assumed in later years. Once a community is considered to be impaired, the Company’s determinations of fair value and new cost basis are primarily based on discounting estimated cash flows at rates commensurate with inherent risks associated with the continuing assets. Discount rates used generally vary from 17.0 percent to 30.0 percent, depending on market risk, the size or life of a community and development risk. Due to the fact that estimates and assumptions included in cash flow models are based on historical results and projected trends, unexpected changes in market conditions that may lead to additional impairment charges in the future cannot be anticipated.
	Valuation adjustments are recorded against homes completed or under construction, land under development or improved lots when analyses indicate that the carrying values are greater than the fair values. Write-downs of impaired inventories to their fair values are recorded as adjustments to the cost basis of the respective inventory. At March 31, 2014 and December 31, 2013, valuation reserves related to impaired inventories totaled $147.5 million and $154.8 million, respectively. The net carrying values of the related inventories totaled $149.3 million and $155.9 million at March 31, 2014 and December 31, 2013, respectively.
	Interest and taxes are capitalized during active development and construction stages. Capitalized interest is amortized when the related inventory is delivered to homebuyers. The following table summarizes the activity that relates to capitalized interest:
	(in thousands)	2014			2013
	Capitalized interest at January 1	$	89,619		$	82,773
	Interest capitalized	17,111			12,894
	Interest amortized to cost of sales	(10,470		)	(11,114		)
	Capitalized interest at March 31	$	96,260		$	84,553
	Interest incurred	$	17,383		$	16,805
	The following table summarizes each reporting segment’s total number of lots owned and lots controlled under option agreements:
		MARCH 31, 2014						31-Dec-13
		LOTS		LOTS				LOTS	LOTS
		OWNED		OPTIONED		TOTAL		OWNED	OPTIONED	TOTAL
	North	6,900		6,969		13,869		6,382	7,455	13,837
	Southeast	8,559		2,765		11,324		8,114	2,439	10,553
	Texas	4,063		2,982		7,045		3,886	3,147	7,033
	West	5,146		1,470		6,616		5,158	1,561	6,719
	Total	24,668		14,186		38,854		23,540	14,602	38,142

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	3 Months Ended
	Mar. 31, 2014
Goodwill and Other Intangible Assets	'
Goodwill and Other Intangible Assets	'
	Note 10.  Goodwill and Other Intangible Assets
	The Company records goodwill associated with its business acquisitions when the consideration paid exceeds the fair value of the net tangible and identifiable intangible assets acquired. The Company’s goodwill balance was $36.9 million at March 31, 2014, which included $13.5 million in the North, $8.1 million in the Southeast, $6.6 million in Texas and $8.7 million in the West. The Company’s goodwill balance was $37.1 million at December 31, 2013, which included $13.7 million in the North, $8.1 million in the Southeast, $6.6 million in Texas and $8.7 million in the West. Goodwill was included in “Other” assets within the Consolidated Balance Sheets. ASC No. 350 (“ASC 350”), “Intangibles–Goodwill and Other,” requires that goodwill and certain intangible assets be reviewed for impairment at least annually. The Company performs impairment tests of its goodwill annually as of November 30 or whenever significant events or changes occur that indicate impairment of goodwill may exist. The Company tests goodwill for impairment by using the two-step process prescribed in ASC 350. The first step identifies potential impairment, while the second step measures the amount of impairment.

Variable_Interest_Entities_VIE

Variable Interest Entities ("VIE")	3 Months Ended
	Mar. 31, 2014
Variable Interest Entities ("VIE")	'
Variable Interest Entities ("VIE")	'
	Note 11.  Variable Interest Entities (“VIE”)
	As required by ASC No. 810 (“ASC 810”), “Consolidation of Variable Interest Entities,” a VIE is to be consolidated by a company if that company has a controlling financial interest in the VIE, defined as both the power to direct the VIE’s activities that most significantly impact the VIE’s economic performance, as well the obligation to absorb its losses or the right to receive its benefits, which are potentially significant to the VIE. ASC 810 also requires disclosures about VIEs that a company is not obligated to consolidate, but in which it has a significant, though not primary, variable interest.
	The Company enters into joint ventures, from time to time, for the purpose of acquisition and co-development of land parcels and lots. Its investment in these joint ventures may create a variable interest in a VIE, depending on the contractual terms of the arrangement. At March 31, 2014 and December 31, 2013, all of the Company’s joint ventures were unconsolidated and accounted for under the equity method as it did not have a controlling financial interest in the joint ventures. (See Note 12, “Investments in Joint Ventures.”) Additionally, in the ordinary course of business, the Company enters into lot option purchase contracts in order to procure land for the construction of homes. Under such lot option purchase contracts, the Company funds stated deposits in consideration for the right to purchase lots at a future point in time, usually at predetermined prices. The Company’s liability is generally limited to forfeiture of nonrefundable deposits, letters of credit and other nonrefundable amounts incurred. In accordance with the requirements of ASC 810, certain of the Company’s lot option purchase contracts may result in the creation of a variable interest in a VIE.
	In compliance with the provisions of ASC 810, the Company consolidated $34.5 million and $33.2 million of inventory not owned related to a lot option purchase contract at March 31, 2014 and December 31, 2013, respectively. Although the Company may not have had legal title to the optioned land, under ASC 810, it had the primary variable interest and was required to consolidate the particular VIE’s assets under option at fair value. To reflect the fair value of the inventory consolidated under ASC 810, the Company included $17.1 million and $17.3 million of its related cash deposits for the lot option purchase contract at March 31, 2014 and December 31, 2013, respectively, in “Consolidated inventory not owned” within the Consolidated Balance Sheets. Noncontrolling interest totaled $17.3 million and $15.9 million with respect to the consolidation of the contract at March 31, 2014 and December 31, 2013, respectively, representing the selling entities’ ownership interest in the VIE. Additionally, the Company had cash deposits and/or letters of credit totaling $36.9 million and $36.6 million at March 31, 2014 and December 31, 2013, respectively, that were associated with lot option purchase contracts having aggregate purchase prices of $473.7 million and $482.8 million, respectively. As the Company did not have the primary variable interest in these contracts, it was not required to consolidate them.

Investments_in_Joint_Ventures

Investments in Joint Ventures	3 Months Ended
	Mar. 31, 2014
Investments in Joint Ventures	'
Investments in Joint Ventures	'
	Note 12.  Investments in Joint Ventures
	The Company enters into joint ventures, from time to time, for the purpose of acquisition and co-development of land parcels and lots, which are then sold to the Company, its joint venture partners or others at market prices. It participates in a number of joint ventures in which it does not have a controlling interest. As of March 31, 2014, the Company participated in six active homebuilding joint ventures in the Austin, Chicago, Denver, San Antonio and Washington, D.C., markets. The Company recognizes its share of the respective joint ventures’ earnings or losses from the sale of lots to other homebuilders. It does not, however, recognize earnings from lots that it purchases from the joint ventures. Instead, the Company reduces its cost basis in each lot by its share of the earnings from the lot.
	The following table summarizes each reporting segment’s total estimated share of lots owned by the Company under its joint ventures:
		MARCH 31, 2014	31-Dec-13
	North	150	150
	Texas	252	252
	West	226	226
	Total	628	628
	At March 31, 2014 and December 31, 2013, the Company’s investments in its unconsolidated joint ventures totaled $12.7 million and $12.6 million, respectively, and were included in “Other” assets within the Consolidated Balance Sheets. For the three months ended March 31, 2014 and 2013, the Company’s equity in earnings from its unconsolidated joint ventures totaled $102,000 and $164,000, respectively.

Debt_and_Credit_Facilities

Debt and Credit Facilities	3 Months Ended
	Mar. 31, 2014
Debt and Credit Facilities	'
Debt and Credit Facilities	'
	Note 13.  Debt and Credit Facilities
	The following table presents the composition of the Company’s homebuilder debt and its financial services credit facility at March 31, 2014 and December 31, 2013:
	(in thousands)	MARCH 31, 2014			31-Dec-13
	Senior notes
	5.4 percent senior notes due January 2015	$	126,481		$	126,481
	8.4 percent senior notes due May 2017	230,000			230,000
	6.6 percent senior notes due May 2020	300,000			300,000
	5.4 percent senior notes due October 2022	250,000			250,000
	Convertible senior notes
	1.6 percent convertible senior notes due May 2018	225,000			225,000
	0.25 percent convertible senior notes due June 2019	267,500			267,500
	Total senior notes and convertible senior notes	1,398,981			1,398,981
	Debt discount	(2,195		)	(2,362		)
	Senior notes and convertible senior notes, net	1,396,786			1,396,619
	Secured notes payable	767			689
	Total debt	$	1,397,553		$	1,397,308
	Financial services credit facility	$	59,119		$	73,084
	At March 31, 2014, the Company had outstanding (a) $126.5 million of 5.4 percent senior notes due January 2015; (b) $230.0 million of 8.4 percent senior notes due May 2017; (c) $225.0 million of 1.6 percent convertible senior notes due May 2018; (d) $267.5 million of 0.25 percent convertible senior notes due June 2019; (e) $300.0 million of 6.6 percent senior notes due May 2020; and (f) $250.0 million of 5.4 percent senior notes due October 2022. Each of the senior notes pays interest semiannually and all, except for the convertible senior notes due May 2018 and June 2019, may be redeemed at a stated redemption price, in whole or in part, at the option of the Company at any time.
	To provide letters of credit required in the ordinary course of its business, the Company has various secured letter of credit agreements that require it to maintain restricted cash deposits for outstanding letters of credit. Outstanding letters of credit totaled $88.6 million and $93.6 million under these agreements at March 31, 2014 and December 31, 2013, respectively.
	To finance its land purchases, the Company may also use seller-financed nonrecourse secured notes payable. At March 31, 2014 and December 31, 2013, outstanding seller-financed nonrecourse secured notes payable totaled $767,000 and $689,000, respectively.
	Senior notes and indenture agreements are subject to certain covenants that include, among other things, restrictions on additional secured debt and the sale of assets. The Company was in compliance with these covenants at March 31, 2014.
	During April 2014, RMCMC entered into a $50.0 million warehouse line of credit with Comerica Bank, which will expire in April 2015. This facility is used to fund, and is secured by, mortgages that were originated by RMCMC and are pending sale. Under the terms of this facility, RMCMC is required to maintain various financial and other covenants and to satisfy certain requirements relating to the mortgages securing the facility.
	During 2011, RMC entered into a $50.0 million repurchase credit facility with JPMorgan Chase Bank, N.A. (“JPM”), which was subsequently increased to $100.0 million during the first quarter of 2014 and will expire in December 2014. This facility is used to fund, and is secured by, mortgages that were originated by RMC and are pending sale. Under the terms of the facility, RMC is required to maintain various financial and other covenants and to satisfy certain requirements relating to the mortgages securing the facility. At March 31, 2014, the Company was in compliance with these covenants. The Company had outstanding borrowings against this credit facility that totaled $59.1 million and $73.1 million at March 31, 2014 and December 31, 2013, respectively. The weighted-average effective interest rate on the outstanding borrowings against this facility was 3.4 percent at March 31, 2014 and December 31, 2013.

Fair_Values_of_Financial_and_N

Fair Values of Financial and Nonfinancial Instruments	3 Months Ended
	Mar. 31, 2014
Fair Values of Financial and Nonfinancial Instruments	'
Fair Values of Financial and Nonfinancial Instruments	'
	Note 14.  Fair Values of Financial and Nonfinancial Instruments
	Financial Instruments
	The Company’s financial instruments are held for purposes other than trading. The fair values of these financial instruments are based on quoted market prices, where available, or are estimated using other valuation techniques. Estimated fair values are significantly affected by the assumptions used. As required by ASC No. 820 (“ASC 820”), “Fair Value Measurements and Disclosures,” fair value measurements of financial instruments are categorized as Level 1, Level 2 or Level 3, based on the types of inputs used in estimating fair values.
	Level 1 fair values are those determined using quoted market prices in active markets for identical assets or liabilities. Level 2 fair values are those determined using directly or indirectly observable inputs in the marketplace that are other than Level 1 inputs. Level 3 fair values are those determined using unobservable inputs, including the use of internal assumptions, estimates or models. Valuations, therefore, are sensitive to the assumptions used for these items. Fair values represent the Company’s best estimates as of the balance sheet date and are based on existing conditions and available information at the issuance date of these financial statements. Subsequent changes in conditions or available information may change assumptions and estimates.
	The following table displays the values and methods used for measuring the fair values of financial instruments on a recurring basis:
		FAIR VALUE
	(in thousands)	HIERARCHY	MARCH 31, 2014			31-Dec-13
	Marketable securities, available-for-sale
	U.S. Treasury securities	Level 1	$	70,740		$	76,504
	Obligations of U.S. government agencies	Level 1	16,278			17,068
	Municipal debt securities	Level 2	28,133			32,976
	Corporate debt securities	Level 2	119,257			157,879
	Asset-backed securities	Level 2	17,836			20,489
	Time deposits	Level 2	1,408			1,606
	Short-term pooled investments	Level 1	11,037			6,633
	Mortgage loans held-for-sale	Level 2	69,037			139,576
	Mortgage interest rate lock commitments	Level 2	6,108			5,218
	Forward-delivery contracts	Level 2	(382		)	2,261
	Marketable Securities, Available-for-sale
	At March 31, 2014 and December 31, 2013, the Company had $264.7 million and $313.2 million, respectively, of marketable securities that were available-for-sale and comprised of U.S. Treasury securities; obligations of U.S. government agencies; municipal debt securities; corporate debt securities; asset-backed securities of U.S. government agencies and covered bonds; time deposits; and short-term pooled investments. The Company’s marketable securities, available-for-sale that were identified as Level 2 were valued based on quoted market prices of similar instruments. (See Note 8, “Marketable Securities, Available-for-sale.”)
	Other Financial Instruments
	Mortgage loans held-for-sale and forward-delivery contracts are based on quoted market prices of similar instruments (Level 2). Interest rate lock commitments (“IRLCs”) are valued at their aggregate market price premium or deficit, plus a servicing premium, multiplied by the projected close ratio (Level 2). The market price premium or deficit is based on quoted market prices of similar instruments; the servicing premium is based on contractual investor guidelines for each product; and the projected close ratio is determined utilizing an external modeling system, widely used within the industry, to estimate customer behavior at an individual loan level. At March 31, 2014 and December 31, 2013, contractual principal amounts of mortgage loans held-for-sale totaled $67.6 million and $137.5 million, respectively. The fair values of IRLCs were included in “Other” assets within the Consolidated Balance Sheets, and forward-delivery contracts were included in “Other” assets and “Accrued and other liabilities” within the Consolidated Balance Sheets.
	Gains realized on the IRLC pipeline, including activity and changes in fair value, totaled $891,000 and $1.3 million for the three-month periods ended March 31, 2014 and 2013, respectively. Losses on forward-delivery contracts used to hedge IRLCs totaled $3.1 million for the three-month period ended March 31, 2014, compared to gains on forward-delivery contracts used to hedge IRLCs that totaled $665,000 for the three-month period ended March 31, 2013. Gains on loan sales totaled $5.4 million and $4.8 million for the three-month periods ended March 31, 2014 and 2013, respectively. Net gains and losses related to IRLCs, forward-delivery contracts and loan sales were included in “Financial services” revenues within the Consolidated Statements of Earnings.
	The excess of the aggregate fair value over the aggregate unpaid principal balance for mortgage loans held-for-sale measured at fair value totaled $1.5 million and $2.1 million at March 31, 2014 and December 31, 2013, respectively. These amounts were included in “Financial services” revenues within the Consolidated Statements of Earnings. At March 31, 2014, the Company held two repurchased loans with payments 90 days or more past due that had an aggregate carrying value of $466,000 and an aggregate unpaid principal balance of $737,000. At December 31, 2013, the Company held two repurchased loans with payments 90 days or more past due that had an aggregate carrying value of $467,000 and an aggregate unpaid principal balance of $738,000.
	While recorded fair values represent management’s best estimate based on data currently available, future changes in interest rates or in market prices for mortgage loans, among other factors, could materially impact these fair values.
	Nonfinancial Instruments
	In accordance with ASC 820, the Company measures certain nonfinancial homebuilding assets at their fair values on a nonrecurring basis. (See Note 9, “Housing Inventories.”) There were no housing inventory or other assets held-for-sale impaired at March 31, 2014. At December 31, 2013, there was no housing inventory impaired, however, the fair values of other assets held-for-sale that were impaired totaled $596,000. Impairment charges related to these assets totaled $154,000 for the year ended December 31, 2013.

Income_Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2014
Income Taxes	'
Income Taxes	'
	Note 15.  Income Taxes
	Deferred tax assets are recognized for estimated tax effects that are attributable to deductible temporary differences and tax carryforwards related to tax credits and net operating losses (“NOLs”). They are realized when existing temporary differences are carried back to a profitable year(s) and/or carried forward to a future year(s) having taxable income. Deferred tax assets are reduced by a valuation allowance if an assessment of their components indicates that it is more likely than not that all or some portion of these assets will not be realized. In the assessment for a valuation allowance, appropriate consideration is given to all positive and negative evidence related to the realization of the deferred tax assets. This assessment considers, among other matters, the nature, frequency and severity of current and cumulative losses; actual earnings; forecasts of future earnings; the duration of statutory carryforward periods; the Company’s experience with NOL carryforwards not expiring unused; and tax planning alternatives.
	Based on an evaluation of positive and negative evidence regarding its ability to realize its deferred tax assets in accordance with ASC No. 740 (“ASC 740”), “Income Taxes,” at June 30, 2013, the Company concluded that the positive evidence outweighed the negative evidence and that it was more likely than not that all of its federal deferred tax assets would be realized. These significant changes in evidence at June 30, 2013, led the Company to determine that it was appropriate to reverse all of the valuation allowance against its deferred tax assets. As a result, the Company reversed $187.5 million of the valuation allowance against its deferred tax assets, which was calculated on an annual basis, during the second quarter of 2013. After this reversal, the Company had a valuation allowance of $46.4 million against its deferred tax assets, which represented an estimation of the allowance required for the second half of 2013. At March 31, 2014 and December 31, 2013, the Company had net deferred tax assets of $174.1 million and $185.9 million, respectively, with no valuation allowance against its deferred tax assets.
	Changes in positive and negative evidence, including differences between the Company’s future operating results and estimates could result in the establishment of a valuation allowance against its deferred tax assets. The accounting for deferred taxes is based upon estimates of future results. Differences between the anticipated and actual outcomes of these future results could have a material impact on the Company’s consolidated results of operations or financial position. Also, changes in existing federal and state tax laws and tax rates could affect future tax results and the valuation allowance against the Company’s deferred tax assets.
	For federal purposes, NOLs can be carried forward 20 years; for state purposes, they can generally be carried forward 10 to 20 years, depending on the taxing jurisdiction. Federal NOL carryforwards, if not utilized, will begin to expire in 2031. Additionally, the Company has other carryforwards primarily composed of federal tax credits that can be carried forward 20 years with expiration dates beginning in 2029. The Company anticipates full utilization of these carryforwards and tax credits.
	The Company’s provision for income tax presented overall effective income tax expense rates of 38.4 percent and 0.9 percent for the three months ended March 31, 2014 and 2013, respectively. The change in the overall effective income tax expense rate for the quarter ended March 31, 2014, compared to the same period in 2013, was primarily due to adjustments made to the Company’s deferred tax asset valuation allowance, which offset income generated in the prior period.

LongTerm_Incentive_and_Supplem

Long-Term Incentive and Supplemental Executive Retirement Plans	3 Months Ended
	Mar. 31, 2014
Long-Term Incentive and Supplemental Executive Retirement Plans	'
Long-Term Incentive and Supplemental Executive Retirement Plans	'
	Note 16.  Long-Term Incentive and Supplemental Executive Retirement Plans
	Executive Officer Long-Term Incentive Plan (“LTIP”)
	During the first quarter of 2014, the Company’s Board of Directors approved the 2014 LTIP pursuant to the 2011 Equity and Incentive Plan. The 2014 LTIP provides for a target award of 141,566 performance share units, which are equivalent to shares of common stock. The 2014 LTIP will use a three-year long-term performance period and measure the Company’s relative total stockholder return (“TSR”) and growth in revenues to determine the amount of performance shares earned at the end of the performance period, which is December 31, 2016. Half of the target amount of performance shares is earned by an executive officer if the Company’s TSR is at the 50th percentile of the performance of the compensation peer group as measured over the long-term performance period. If its relative TSR performance exceeds or falls below this target level, half of the target amount of performance shares earned by an executive officer is calculated such that it is reduced to zero at or below the 30th percentile level or increased to a maximum level of 200 percent at or above the 90th percentile level. The other half of the target amount of performance shares is earned if the Company’s revenue growth over the long-term performance period is 30 percent. If its revenue growth exceeds or falls below this target level, half of the target amount of performance shares earned by an executive officer is calculated such that it is reduced to zero for revenue growth at or below 20 percent or increased to a maximum level of 200 percent for revenue growth at or above 40 percent. There are incremental adjustments for the calculation of earned performance shares between these minimum and maximum levels of performance.
	In 2013, the Company’s Board of Directors approved the 2013 LTIP pursuant to the 2011 Equity and Incentive Plan. The 2013 LTIP provides for a target award of 135,332 performance share units, which are equivalent to shares of common stock. The 2013 LTIP will use a three-year long-term performance period and measure the Company’s relative TSR and growth in revenues to determine the amount of performance shares earned at the end of the performance period, which is December 31, 2015. Half of the target amount of performance shares is earned by an executive officer if the Company’s TSR is at the 50th percentile of the performance of the compensation peer group as measured over the long-term performance period. If its relative TSR performance exceeds or falls below this target level, half of the target amount of performance shares earned by an executive officer is calculated such that it is reduced to zero at or below the 30th percentile level or increased to a maximum level of 200 percent at or above the 90th percentile level. The other half of the target amount of performance shares is earned if the Company’s revenue growth over the long-term performance period is 60 percent. If its revenue growth exceeds or falls below this target level, half of the target amount of performance shares earned by an executive officer is calculated such that it is reduced to zero for revenue growth at or below 45 percent or increased to a maximum level of 200 percent for revenue growth at or above 75 percent. There are incremental adjustments for the calculation of earned performance shares between these minimum and maximum levels of performance.
	Supplemental Executive Retirement Plan
	The Company has a supplemental, unfunded, nonqualified retirement plan, which generally vests over five-year periods beginning in 2003, pursuant to which it will pay supplemental pension benefits to key employees upon retirement. In connection with the plan, the Company has purchased cost-recovery life insurance on the lives of certain employees. Insurance contracts associated with the plan are held by trusts established as part of the plan to implement and carry out its provisions and to finance its related benefits. The trusts are owners and beneficiaries of such contracts. The amount of coverage is designed to provide sufficient revenue to cover all costs of the plan if assumptions made as to employment term, mortality experience, policy earnings and other factors are realized. At March 31, 2014 and December 31, 2013, the value of the assets held in trust totaled $15.2 million and was included in “Other” assets within the Consolidated Balance Sheets.
	The following table provides the costs recognized and benefits paid for the Company’s supplemental, unfunded, nonqualified retirement plan during the three-month periods presented:
		THREE MONTHS ENDED
		MARCH 31,
	(in thousands)	2014		2013
	Service costs	$	-	$	10
	Interest costs	121		214
	Amortization of unrecognized actuarial loss	8		-
	Total costs	$	129	$	224
	Benefits paid	$	90	$	-
	The Company recognized investment gains on the cash surrender value of the insurance contracts of $135,000 and $705,000 for the three months ended March 31, 2014 and 2013, respectively. The $15.5 million and $15.4 million projected benefit obligations at March 31, 2014 and December 31, 2013, respectively, were equal to the liabilities included in “Accrued and other liabilities” within the Consolidated Balance Sheets at those dates. The weighted-average discount rates used for the plan were 2.0 percent and 5.5 percent for the quarters ended March 31, 2014 and 2013, respectively.
	The expected future payouts for the Company’s supplemental executive retirement plan as of March 31, 2014, are as follows: 2015—$1.5 million; 2016—$5.4 million; 2017—$1.6 million; 2018—$2.9 million; and 2019 through 2023—$3.2 million.

StockBased_Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2014
Stock-Based Compensation	'
Stock-Based Compensation	'
	Note 17.  Stock-Based Compensation
	The Ryland Group, Inc. 2011 Equity and Incentive Plan (the “Plan”) permits the granting of stock options, restricted stock awards, stock units, cash incentive awards or any combination of the foregoing to employees. Stock options granted in accordance with the Plan generally have a maximum term of seven years and vest in equal annual installments over three years. Certain outstanding stock options granted under predecessor plans have maximum terms of either five or ten years. Outstanding restricted stock units granted under the Plan or its predecessor plans generally vest in three equal annual installments and those granted to senior executives generally vest in one installment at the end of a three-year performance period. At March 31, 2014 and December 31, 2013, stock options or other awards or units available for grant under the Plan or its predecessor plans totaled 3,344,945 and 3,303,855, respectively.
	The Ryland Group, Inc. 2011 Non-Employee Director Stock Plan (the “Director Plan”) provides for a stock award of 3,000 shares to each non-employee director on May 1 of each year. New non-employee directors will receive a pro rata stock award within 30 days after their date of appointment or election, based on the remaining portion of the plan year in which they are appointed or elected. Stock awards are fully vested and nonforfeitable on their applicable award dates. There were 138,830 stock awards available for future grant in accordance with the Director Plan at March 31, 2014 and December 31, 2013. Previously, The Ryland Group, Inc. 2004 Non-Employee Director Equity Plan and its predecessor plans provided for automatic grants of nonstatutory stock options to directors. These stock options are fully vested and have a maximum term of ten years.
	All outstanding stock options, stock awards and restricted stock awards have been granted in accordance with the terms of the applicable Plan, Director Plan and their respective predecessor plans, all of which were approved by the Company’s stockholders. Certain option and share awards provide for accelerated vesting if there is a change in control (as defined in the plans).
	The Company recorded stock-based compensation expense of $5.6 million and $4.4 million for the three months ended March 31, 2014 and 2013, respectively. Stock-based compensation expenses have been allocated to the Company’s business units and included in “Financial services” and “Selling, general and administrative” expenses within the Consolidated Statements of Earnings.
	A summary of stock option activity in accordance with the Company’s equity incentive plans as of March 31, 2014 and 2013, and changes for the three-month periods then ended, follows:
					WEIGHTED-
			WEIGHTED-		AVERAGE	AGGREGATE
			AVERAGE		REMAINING	INTRINSIC
			EXERCISE		CONTRACTUAL	VALUE
		SHARES	PRICE		LIFE (in years)	(in thousands)
	Options outstanding at January 1, 2013	3,419,423	$	26.92	2.9
	Granted	-	-
	Exercised	-340,819	24.71
	Forfeited	-39,089	22.5
	Options outstanding at March 31, 2013	3,039,515	$	27.23	2.8	$	50,621
	Available for future grant	3,105,328
	Total shares reserved at March 31, 2013	6,144,843
	Options exercisable at March 31, 2013	2,303,539	$	30.17	2.1	$	33,257
	Options outstanding at January 1, 2014	2,326,201	$	27.02	2.3
	Granted	-	-
	Exercised	-489,402	30.32
	Forfeited	-13,473	22.07
	Options outstanding at March 31, 2014	1,823,326	$	26.17	2.6	$	32,057
	Available for future grant	3,344,945
	Total shares reserved at March 31, 2014	5,168,271
	Options exercisable at March 31, 2014	1,591,330	$	27.23	2.3	$	27,184
	Stock-based compensation expense related to employee stock options totaled $704,000 and $1.1 million for the three-month periods ended March 31, 2014 and 2013, respectively.
	During the three-month periods ended March 31, 2014 and 2013, the intrinsic values of stock options exercised totaled $6.9 million and $4.9 million, respectively. The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.
	Compensation expense associated with restricted stock unit awards and LTIP awards to senior executives totaled $4.7 million and $3.1 million for the three-month periods ended March 31, 2014 and 2013, respectively. (See Note 16, “Long-Term Incentive and Supplemental Executive Retirement Plans,” for details on the LTIP.)
	The following table summarizes the activity that relates to the Company’s restricted stock unit awards:
		2014	2013
	Restricted stock units at January 1	539,106	774,217
	Shares awarded	131,597	143,594
	Shares vested	-298,791	(344,369	)
	Shares forfeited	-2,428	(21,534	)
	Restricted stock units at March 31	369,484	551,908
	At March 31, 2014, the outstanding restricted stock units are expected to vest as follows: 2015—235,945; 2016—89,675; and 2017—43,864.
	The Company has granted stock awards to its non-employee directors pursuant to the terms of the Director Plan. The Company recorded stock-based compensation expense related to Director Plan stock awards in the amounts of $247,000 and $210,000 for the three-month periods ended March 31, 2014 and 2013, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies	'
Commitments and Contingencies	'
	Note 18.  Commitments and Contingencies
	Commitments
	In the ordinary course of business, the Company acquires rights under option agreements to purchase land or lots for use in future homebuilding operations. At March 31, 2014 and December 31, 2013, it had cash deposits and letters of credit outstanding that totaled $72.7 million and $73.0 million, respectively, pertaining to land and lot option purchase contracts with aggregate purchase prices of $877.4 million and $869.1 million, respectively. At March 31, 2014 and December 31, 2013, the Company had $2.4 million and $2.5 million, respectively, in commitments with respect to option contracts having specific performance provisions.
	IRLCs represent loan commitments with customers at market rates generally up to 180 days before settlement. During 2014 and 2013, the increasing interest rate environment resulted in loan commitments being extended up to 270 days. The Company had outstanding IRLCs with notional amounts that totaled $281.5 million and $269.2 million at March 31, 2014 and December 31, 2013, respectively. Hedging instruments, including forward-delivery contracts, are utilized to mitigate the risk associated with interest rate fluctuations on IRLCs.
	Contingencies
	As an on-site housing producer, the Company is often required by some municipalities to obtain development or performance bonds or letters of credit in support of its contractual obligations. At March 31, 2014, performance bonds totaled $150.8 million, while performance-related cash deposits and letters of credit totaled $59.4 million. At December 31, 2013, performance bonds totaled $138.9 million, while performance-related cash deposits and letters of credit totaled $64.0 million. In the event that any such bonds or letters of credit are called, the Company would be required to reimburse the issuer; it does not, however, believe that any currently outstanding bonds or letters of credit will be called.
	Substantially all of the loans the Company originates are sold within a short period of time in the secondary mortgage market on a servicing-released basis. After the loans are sold, ownership, credit risk and management, including servicing of the loans, passes to the third-party investor. RMC retains no role or interest other than standard industry representations and warranties. The Company retains potential liability for possible claims by loan purchasers that it breached certain limited standard industry representations and warranties in its sale agreements. There has been an increased industrywide effort by loan purchasers to defray losses from mortgages purchased in an unfavorable economic environment by claiming to have found inaccuracies related to sellers’ representations and warranties in particular sale agreements. There is industry debate regarding the extent to which such claims are justified. A significant majority of these claims relates to loans originated in 2005, 2006 and 2007, when underwriting standards were less stringent.
	The following table summarizes the composition of the Company’s mortgage loan types originated, its homebuyers’ average credit scores and its loan-to-value ratios:
		THREE
		MONTHS ENDED
		MARCH 31,		TWELVE MONTHS ENDED DECEMBER 31,
		2014		2013		2012		2011		2010		2009
	Prime	65.6	%	57.2	%	48.6	%	42.2	%	34.9	%	32.9	%
	Government (FHA/VA/USDA)	34.4		42.8		51.4		57.8		65.1		67.1
	Total	100	%	100	%	100	%	100	%	100	%	100	%
	Average FICO credit score	733		733		731		726		723		717
	Average combined loan-to-value ratio	88.6	%	89.8	%	90.1	%	90.3	%	90.8	%	91.4	%
	While the Company’s access to delinquency information is limited subsequent to loan sale, based on a review of information provided voluntarily by certain investors and on government loan reports made available by the U.S. Department of Housing and Urban Development, the Company believes that the average delinquency rates of RMC’s loans are generally in line with industry averages. Delinquency rates for loans originated in 2008 and subsequent years are significantly lower than those originated in 2005 through 2007. The Company primarily attributes this decrease in delinquency rates to the industrywide tightening of credit standards and the elimination of most nontraditional loan products.
	The Company’s mortgage operations have established reserves for possible losses associated with mortgage loans previously originated and sold to investors based upon, among other things, actual past repurchases and losses through the disposition of affected loans; an analysis of repurchase requests received and the validity of those requests; and an estimate of potential liability for valid claims not yet received. Although the amount of an ultimate loss cannot be definitively estimated, the Company has accrued $11.3 million for these types of claims as of March 31, 2014, but it may have additional exposure. (See “Part II, Item 1, Legal Proceedings.”)
	The following table displays the changes in the Company’s mortgage loan loss reserves and related legal reserves during the three-month periods presented:
	(in thousands)	2014			2013
	Balance at January 1	$	11,472		$	10,484
	Provision for losses	94			543
	Settlements made	-231			(46		)
	Balance at March 31	$	11,335		$	10,981
	Subsequent changes in conditions or available information may change assumptions and estimates. Mortgage loan loss reserves and related legal reserves were included in “Accrued and other liabilities” within the Consolidated Balance Sheets, and their associated expenses were included in “Financial services” expense within the Consolidated Statements of Earnings.
	The Company provides product warranties covering workmanship and materials for one year, certain mechanical systems for two years and structural systems for ten years. It estimates and records warranty liabilities based upon historical experience and known risks at the time a home closes as a component of cost of sales, as well as upon identification and quantification of its obligations in cases of unexpected claims. Actual future warranty costs could differ from current estimates.
	The following table summarizes the changes in the Company’s product liability reserves during the three-month periods presented:
	(in thousands)	2014			2013
	Balance at January 1	$	23,139		$	18,188
	Warranties issued	1,801			1,056
	Changes in liability for accruals related to pre-existing warranties	(45		)	393
	Settlements made	(1,784		)	(1,249		)
	Balance at March 31	$	23,111		$	18,388
	The Company requires substantially all of its subcontractors to have workers’ compensation insurance and general liability insurance, including construction defect coverage. RHIC provided insurance services to the homebuilding segments’ subcontractors in certain markets until June 1, 2008. RHIC insurance reserves may have the effect of lowering the Company’s product liability reserves, as collectability of claims against subcontractors enrolled in the RHIC program is generally higher. At March 31, 2014 and December 31, 2013, RHIC had $15.1 million and $13.9 million, respectively, in subcontractor product liability reserves, which were included in “Accrued and other liabilities” within the Consolidated Balance Sheets. Reserves for loss and loss adjustment expense are based upon industry trends and the Company’s annual actuarial projections of historical loss development.
	The following table displays changes in RHIC’s insurance reserves during the three-month periods presented:
	(in thousands)	2014			2013
	Balance at January 1	$	13,857		$	14,813
	Insurance expense provisions or adjustments	1,900			-
	Loss expenses paid	(665		)	(483		)
	Balance at March 31	$	15,092		$	14,330
	Expense provisions or adjustments to RHIC’s insurance reserves were included in “Financial services” expense within the Consolidated Statements of Earnings.
	The Company is party to various legal proceedings generally incidental to its businesses. Litigation reserves have been established based on discussions with counsel and on the Company’s analysis of historical claims. The Company has, and requires its subcontractors to have, general liability insurance to protect it against a portion of its risk of loss and to cover it against construction-related claims. The Company establishes reserves to cover its self-insured retentions and deductible amounts under those policies.
	In view of the inherent unpredictability of outcomes in legal matters, particularly where (a) damages sought are speculative, unspecified or indeterminate; (b) proceedings are in the early stages or impacted significantly by future legal determinations or judicial decisions; (c) matters involve unsettled questions of law, multiple parties, or complex facts and circumstances; or (d) insured risk transfer or coverage is undetermined, there is considerable uncertainty surrounding the timing or resolution of these matters, including a possible eventual loss. Given this inherent unpredictability, actual future litigation costs could differ from the Company’s current estimates. At the same time, the Company believes that adequate provisions have been made for the resolution of all known claims and pending litigation for probable losses. In accordance with ASC No. 450 (“ASC 450”), “Contingencies,” the Company accrues amounts for legal matters where it believes they present loss contingencies that are both probable and reasonably estimable. In such cases, however, the Company may be exposed to losses in excess of any amounts accrued and may occasionally need to adjust the accruals to reflect developments that could affect its estimate of potential losses. Moreover, in accordance with ASC 450, if the Company does not believe that the potential loss from a particular matter is both probable and reasonably estimable, it does not make an accrual and will monitor the matter for any developments that would make the loss contingency both probable and reasonably estimable. For matters as to which the Company believes a loss is probable and reasonably estimable, it had legal reserves of $16.2 million and $17.2 million at March 31, 2014 and December 31, 2013, respectively. (See “Part II, Item 1, Legal Proceedings.”) It currently estimates that the range of reasonably possible losses, in excess of amounts accrued, could be up to approximately $9 million in the aggregate.

New_Accounting_Pronouncements

New Accounting Pronouncements	3 Months Ended
	Mar. 31, 2014
New Accounting Pronouncements	'
New Accounting Pronouncements	'
	Note 19.  New Accounting Pronouncements
	ASU 2013-11
	In July 2013, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) No. 2013-11 (“ASU 2013-11”), “Presentation of an Unrecognized Tax Benefit When a Net Operating Loss Carryforward, a Similar Tax Loss or a Tax Credit Carryforward Exists.” The amendments in ASU 2013-11 are intended to end inconsistent practices regarding the presentation of unrecognized tax benefits on the balance sheet. An entity will be required to present an unrecognized tax benefit as a reduction of a deferred tax asset for an NOL or tax credit carryforward whenever the NOL or tax credit carryforward would be available to reduce the additional taxable income or tax due if the tax position is disallowed. An entity is required to apply the amendments prospectively for annual reporting periods beginning after December 15, 2013, and for interim periods within those annual periods. Early adoption and retrospective application are permitted. The Company’s adoption of this guidance did not have a material impact on its consolidated financial statements.
	ASU 2014-08
	In April 2014, the FASB issued ASU No. 2014-08 (“ASU 2014-08”), “Presentation of Financial Statements (Topic 205) and Property, Plant and Equipment: Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity.” The amendments in ASU 2014-08 are intended to change the criteria for reporting discontinued operations and enhance convergence between U.S. generally accepted accounting principles (“GAAP”) and International Financial Reporting Standards (“IFRS”). Under the new guidance, only disposals representing a strategic shift in operations that has a major effect on the organization’s operations and financial results should be presented as discontinued operations. Additionally, expanded disclosures about discontinued operations are required, as well as disclosure of the pretax income attributable to the disposal of a significant part of an organization that does not qualify as a discontinued operation. An entity is required to apply the amendments prospectively for annual reporting periods beginning after December 15, 2014, and for interim periods within those annual periods. Early adoption is permitted, but only for disposals (or classifications as held-for-sale) that have not been reported in financial statements previously issued or available for issuance. The Company does not anticipate that the adoption of this guidance will have a material impact on its consolidated financial statements.

Supplemental_Guarantor_Informa

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2014
Supplemental Guarantor Information	'
Supplemental Guarantor Information	'
	Note 20.  Supplemental Guarantor Information
	The Company’s obligations to pay principal, premium, if any, and interest under its 5.4 percent senior notes due January 2015; 8.4 percent senior notes due May 2017; 1.6 percent convertible senior notes due May 2018; 0.25 percent convertible senior notes due June 2019; 6.6 percent senior notes due May 2020; and 5.4 percent senior notes due October 2022 are guaranteed on a joint and several basis by substantially all of its 100 percent-owned homebuilding subsidiaries (“the Guarantor Subsidiaries”). Such guarantees are full and unconditional.
	In lieu of providing separate financial statements for the Guarantor Subsidiaries, the accompanying condensed consolidating financial statements have been included. Management does not believe that separate financial statements for the Guarantor Subsidiaries are material to investors and are, therefore, not presented.
	In the event that a Guarantor Subsidiary is sold or disposed of (whether by merger, consolidation, sale of its capital stock, or sale of all or substantially all of its assets [other than by lease]), and whether or not the Guarantor Subsidiary is the surviving corporation in such transaction to a Person which is not the Company or a Restricted Subsidiary of the Company, such Guarantor Subsidiary will be released from its obligations under its guarantee if (a) the sale or other disposition is in compliance with the indenture and (b) all the obligations of such Guarantor Subsidiary under any agreements relating to any other indebtedness of the Company or its restricted subsidiaries terminate upon consummation of such transaction. In addition, a Guarantor Subsidiary will be released from its obligations under the indenture if such Subsidiary ceases to be a Restricted Subsidiary (in compliance with the applicable provisions of the indenture).
	The following information presents the consolidating statements of earnings, financial position and cash flows for (a) the parent company and issuer, The Ryland Group, Inc. (“TRG, Inc.”); (b) the Guarantor Subsidiaries; (c) the non-Guarantor Subsidiaries; and (d) the consolidation eliminations used to arrive at the consolidated information for The Ryland Group, Inc. and subsidiaries.
	CONSOLIDATING STATEMENTS OF EARNINGS
		THREE MONTHS ENDED MARCH 31, 2014
								NON-
					GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)	TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	REVENUES	$	250,407	$		240,234	$		8,198	$		(9,156	)   $		489,683
	EXPENSES	228,870			223,079			9,609			(9,156		)	452,402
	OTHER INCOME	695			194			-			-			889
	Income (loss) from continuing	22,232			17,349			(1,411		)	-			38,170
	operations before taxes
	Tax expense (benefit)	8,528			6,656			(541		)	-			14,643
	Equity in net earnings of subsidiaries	9,823			-			-			(9,823		)	-
	NET INCOME (LOSS)	$	23,527	$		10,693	$		(870	)   $		(9,823	)   $		23,527
		THREE MONTHS ENDED MARCH 31, 2013
	REVENUES	$	202,298	$		169,039		$	11,179	$		(7,836	)   $		374,680
	EXPENSES	193,620			160,831			6,858			(7,836		)	353,473
	OTHER INCOME	890			106			-			-			996
	Income from continuing	9,568			8,314			4,321			-			22,203
	operations before taxes
	Tax expense	86			74			39			-			199
	Equity in net earnings of subsidiaries	12,522			-			-			(12,522		)	-
	Net income from continuing	22,004			8,240			4,282			(12,522		)	22,004
	operations
	Income from discontinued operations,	113			53			-			(53		)	113
	net of taxes
	NET INCOME	$	22,117	$		8,293	$		4,282	$		(12,575	)   $		22,117
	CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME
			THREE MONTHS ENDED MARCH 31, 2014
									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	Net income (loss)		$	23,527		$	10,693		$	(870	)	$	(9,823	)	$	23,527
	Other comprehensive income, net of tax:
	Amortization of actuarial loss on defined		5			-			-			-			5
	benefit pension plan, net
	Unrealized gain on marketable securities,		188			-			-			-			188
	available-for-sale, net
	Other comprehensive income, net of tax		193			-			-			-			193
	Comprehensive income (loss)		$	23,720		$	10,693		$	(870	)	$	(9,823	)	$	23,720
			THREE MONTHS ENDED MARCH 31, 2013
	Net income		$	22,117		$	8,293		$	4,282		$	(12,575	)	$	22,117
	Other comprehensive loss, net of tax:
	Unrealized loss on marketable securities,		(124		)	-			-			-			(124		)
	available-for-sale, net
	Other comprehensive loss, net of tax		(124		)	-			-			-			(124		)
	Comprehensive income		$	21,993		$	8,293		$	4,282		$	(12,575	)	$	21,993
	CONSOLIDATING BALANCE SHEETS
			MARCH 31, 2014
									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	ASSETS
	Cash and cash equivalents		$	25,732		$	224,129		$	9,292		$	-		$	259,153
	Marketable securities and restricted cash		324,150			-			25,792			-			349,942
	Consolidated inventory owned		1,030,749			684,275			-			-			1,715,024
	Consolidated inventory not owned		17,149			-			17,320			-			34,469
	Total housing inventories		1,047,898			684,275			17,320			-			1,749,493
	Investment in subsidiaries		378,441			-			-			(378,441		)	-
Intercompany receivables		515,198			-			5,139			(520,337		)	-
Other assets		280,140			53,540			82,462			-			416,142
Assets of discontinued operations		-			-			-			-			-
TOTAL ASSETS		2,571,559			961,944			140,005			(898,778		)	2,774,730
LIABILITIES
Accounts payable and other		221,622			94,851			31,881			-			348,354
accrued liabilities
Financial services credit facility		-			-			59,119			-			59,119
Debt		1,397,553			-			-			-			1,397,553
Intercompany payables		-			520,337			-			(520,337		)	-
Liabilities of discontinued operations		-			-			-			-			-
TOTAL LIABILITIES		1,619,175			615,188			91,000			(520,337		)	1,805,026
EQUITY
STOCKHOLDERS’ EQUITY		952,384			346,756			31,685			(378,441		)	952,384
NONCONTROLLING INTEREST		-			-			17,320			-			17,320
TOTAL LIABILITIES AND EQUITY		$	2,571,559		$	961,944		$	140,005		$	(898,778	)	$	2,774,730
		DECEMBER 31, 2013
ASSETS
Cash and cash equivalents		$	25,521		$	193,356		$	9,109		$	-		$	227,986
Marketable securities and restricted cash		377,267			-			25,922			-			403,189
Consolidated inventory owned		955,943			660,664			-			-			1,616,607
Consolidated inventory not owned		17,297			-			15,879			-			33,176
Total housing inventories		973,240			660,664			15,879			-			1,649,783
Investment in subsidiaries		369,580			-			-			(369,580		)	-
Intercompany receivables		517,057			-			-			(517,057		)	-
Other assets		290,153			54,052			155,149			-			499,354
Assets of discontinued operations		-			30			-			-			30
TOTAL ASSETS		2,552,818			908,102			206,059			(886,637		)	2,780,342
LIABILITIES
Accounts payable and other		247,328			106,420			31,773			-			385,521
accrued liabilities
Financial services credit facility		-			-			73,084			-			73,084
Debt		1,397,308			-			-			-			1,397,308
Intercompany payables		-			465,252			51,805			(517,057		)	-
Liabilities of discontinued operations		136			368			-			-			504
TOTAL LIABILITIES		1,644,772			572,040			156,662			(517,057		)	1,856,417
EQUITY
STOCKHOLDERS’ EQUITY		908,046			336,062			33,518			(369,580		)	908,046
NONCONTROLLING INTEREST		-			-			15,879			-			15,879
TOTAL LIABILITIES AND EQUITY		$	2,552,818		$	908,102		$	206,059		$	(886,637	)	$	2,780,342
CONSOLIDATING STATEMENTS OF CASH FLOWS
		THREE MONTHS ENDED MARCH 31, 2014
					GUARANTOR			NON-GUARANTOR			CONSOLIDATING			CONSOLIDATED
(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) from continuing operations		$	23,527		$	10,693		$	(870	)	$	(9,823	)	$	23,527
Adjustments to reconcile net income (loss) from continuing
operations to net cash (used for) provided by
operating activities		8,546			2,157			102			-			10,805
Changes in assets and liabilities		(104,702		)	(36,059		)	71,734			9,823			(59,204		)
Other operating activities, net		(162		)	-			-			-			(162		)
Net cash (used for) provided by operating activities from		(72,791		)	(23,209		)	70,966			-			(25,034		)
continuing operations
CASH FLOWS FROM INVESTING ACTIVITIES
Contributions to unconsolidated joint ventures		(31		)	-			-			-			(31		)
Additions to property, plant and equipment		(3,596		)	(1,104		)	(4		)	-			(4,704		)
Purchases of marketable securities, available-for-sale		(118,544		)	-			(800		)	-			(119,344		)
Proceeds from sales and maturities of marketable securities,		168,212			-			1,275			-			169,487
available-for-sale
Net cash provided by (used for) investing activities from		46,041			(1,104		)	471			-			45,408
continuing operations
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in debt		78			-			-			-			78
Repayments of borrowings against revolving credit facilities, net		-			-			(13,965		)	-			(13,965		)
Common stock dividends and stock-based compensation		19,899			-			-			-			19,899
Decrease (increase) in restricted cash		5,126			-			(345		)	-			4,781
Intercompany balances		1,858			55,086			(56,944		)	-			-
Net cash provided by (used for) financing activities from		26,961			55,086			(71,254		)	-			10,793
continuing operations
Net increase in cash and cash equivalents from		211			30,773			183			-			31,167
continuing operations
Cash flows from operating activities–discontinued operations		-			(27		)	-			-			(27		)
Cash flows from investing activities–discontinued operations		-			-			-			-			-
Cash flows from financing activities–discontinued operations		-			-			-			-			-
Cash and cash equivalents at beginning of year		25,521			193,383			9,109			-			228,013
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	25,732		$	224,129		$	9,292		$	-		$	259,153
		THREE MONTHS ENDED MARCH 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES
Net income from continuing operations		$	22,004		$	8,240		$	4,282		$	(12,522	)	$	22,004
Adjustments to reconcile net income from continuing
operations to net cash (used for) provided by
operating activities		(1,511		)	1,675			45			-			209
Changes in assets and liabilities		(39,912		)	(50,725		)	47,875			12,522			(30,240		)
Other operating activities, net		(197		)	-			-			-			(197		)
Net cash (used for) provided by operating activities from		(19,616		)	(40,810		)	52,202			-			(8,224		)
continuing operations
CASH FLOWS FROM INVESTING ACTIVITIES
Return of investment in unconsolidated joint ventures, net		165			-			-			-			165
Additions to property, plant and equipment		(1,992		)	(1,613		)	(214		)	-			(3,819		)
Purchases of marketable securities, available-for-sale		(179,915		)	-			(1,050		)	-			(180,965		)
Proceeds from sales and maturities of marketable securities,		204,843			-			1,424			-			206,267
available-for-sale
Net cash provided by (used for) investing activities from		23,101			(1,613		)	160			-			21,648
continuing operations
CASH FLOWS FROM FINANCING ACTIVITIES
Decrease in debt		(1,462		)	-			-			-			(1,462		)
Common stock dividends and stock-based compensation		13,095			-			-			-			13,095
(Increase) decrease in restricted cash		(977		)	-			266			-			(711		)
Intercompany balances		(22,857		)	74,371			(51,514		)	-			-
Net cash (used for) provided by financing activities from		(12,201		)	74,371			(51,248		)	-			10,922
continuing operations
Net (decrease) increase in cash and cash equivalents from		(8,716		)	31,948			1,114			-			24,346
continuing operations
Cash flows from operating activities–discontinued operations		-			(15		)	-			-			(15		)
Cash flows from investing activities–discontinued operations		-			15			-			-			15
Cash flows from financing activities–discontinued operations		-			-			-			-			-
Cash and cash equivalents at beginning of year		32,130			117,865			8,119			-			158,114
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	23,414		$	149,813		$	9,233		$	-		$	182,460

Transactions_with_Affiliates

Transactions with Affiliates	3 Months Ended
	Mar. 31, 2014
Transactions with Affiliates	'
Transactions with Affiliates	'
	Note 21. Transactions with Affiliates
	During 2013, the Company issued $1.5 million of promissory notes to affiliates of the Company’s Philadelphia division for the development and sale of land and lots. These notes will be repaid once each lot and home is sold, and no later than within three years of their issuance. At March 31, 2014 and December 31, 2013, the balances of the promissory notes from these affiliates totaled $364,000 and $1.3 million, respectively. Additionally, the Company leases office space from affiliates in its Philadelphia and Phoenix divisions at market terms.

Subsequent_Event

Subsequent Event	3 Months Ended
	Mar. 31, 2014
Subsequent Event	'
Subsequent Event	'
	Note 22.  Subsequent Event
	During April 2014, RMCMC entered into a $50.0 million warehouse line of credit with Comerica Bank, which will expire in April 2015. This facility is used to fund, and is secured by, mortgages that were originated by RMCMC and are pending sale. Under the terms of this facility, RMCMC is required to maintain various financial and other covenants and to satisfy certain requirements relating to the mortgages securing the facility.

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	3 Months Ended
	Mar. 31, 2014
Accumulated Other Comprehensive Loss	'
Summary of components of other comprehensive income (loss)	'
		MARCH 31, 2014
	(in thousands)	GROSS OTHER			TAX BENEFIT			NET OTHER
		COMPREHENSIVE						COMPREHENSIVE
		INCOME (LOSS)						INCOME (LOSS)
	Amortization of actuarial loss on defined benefit pension plan	$	8		$	(3	)	$	5
	Unrealized gain on marketable securities, available-for-sale:
	Unrealized gain on marketable securities, available-for-sale	236			-			236
	Less: reclassification adjustments for gains included in net income	(48		)	-			(48		)
	Total unrealized gain on marketable securities, available-for-sale	188			-			188
	Other comprehensive income	$	196		$	(3	)	$	193
		MARCH 31, 2013
	Unrealized loss on marketable securities, available-for-sale:
	Unrealized gain on marketable securities, available-for-sale	$	28		$	-		$	28
	Less: reclassification adjustments for gains included in net income	(152		)	-			(152		)
	Total unrealized loss on marketable securities, available-for-sale	(124		)	-			(124		)
	Other comprehensive loss	$	(124	)	$	-		$	(124	)

Segment_Information_Tables

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2014
Segment Information	'
Schedule of segment revenues and earnings (loss) before taxes	'
		THREE MONTHS ENDED
		MARCH 31,
	(in thousands)	2014			2013
	REVENUES
	Homebuilding
	North	$	133,564		$	95,682
	Southeast	126,667			105,219
	Texas	111,151			77,337
	West	110,103			85,263
	Financial services	8,198			11,179
	Total	$	489,683		$	374,680
	EARNINGS (LOSS) BEFORE TAXES
	Homebuilding
	North	$	10,794		$	3,339
	Southeast	14,857			7,205
	Texas	7,847			5,023
	West	12,728			7,906
	Financial services	(1,411		)	4,321
	Corporate and unallocated	(6,645		)	(5,591		)
	Total	$	38,170		$	22,203
Schedule of segment total assets	'
		MARCH 31, 2014
	(in thousands)	HOUSING			OTHER ASSETS			TOTAL ASSETS
		INVENTORIES
	Homebuilding
	North	$	481,432		$	51,476		$	532,908
	Southeast	438,285			25,528			463,813
	Texas	314,495			31,485			345,980
	West	515,281			36,351			551,632
	Financial services	-			120,991			120,991
	Corporate and unallocated	-			759,406			759,406
	Total	$	1,749,493		$	1,025,237		$	2,774,730
	Homebuilding	31-Dec-13
	North	$	464,777		$	48,314		$	513,091
	Southeast	397,237			24,143			421,380
	Texas	290,018			37,310			327,328
	West	497,751			30,248			527,999
	Financial services	-			193,652			193,652
	Corporate and unallocated	-			796,862			796,862
	Total	$	1,649,783		$	1,130,529		$	2,780,312

Earnings_Per_Share_Reconciliat1

Earnings Per Share Reconciliation (Tables)	3 Months Ended
	Mar. 31, 2014
Earnings Per Share Reconciliation	'
Computation of basic and diluted earnings per share	'
		THREE MONTHS ENDED
		MARCH 31,
	(in thousands, except share data)	2014			2013
	NUMERATOR
	Net income from continuing operations	$	23,527		$	22,004
	Net income from discontinued operations	-			113
	Less: distributed earnings allocated to nonvested restricted stock	-			(3		)
	Less: undistributed earnings allocated to nonvested restricted stock	(30		)	(111		)
	Numerator for basic income per share	23,497			22,003
	Plus: interest on 1.6 percent convertible senior notes due 2018	729			729
	Plus: interest on 0.25 percent convertible senior notes due 2019	299			-
	Plus: undistributed earnings allocated to nonvested restricted stock	30			111
	Less: undistributed earnings reallocated to nonvested restricted stock	(24		)	(95		)
	Numerator for diluted income per share	$	24,531		$	22,748
	DENOMINATOR
	Basic earnings per share–weighted-average shares	46,579,280			45,434,996
	Effect of dilutive securities:
	Share-based payments	957,906			903,321
	1.6 percent convertible senior notes due 2018	7,023,780			7,023,780
	0.25 percent convertible senior notes due 2019	3,565,962			-
	Diluted earnings per share-adjusted weighted-average
	shares and assumed conversions	58,126,928			53,362,097
	NET INCOME PER COMMON SHARE
	Basic	$	0.5		$	0.48
	Diluted	$	0.42		$	0.43

Marketable_Securities_Availabl1

Marketable Securities, Available-for-sale (Tables)	3 Months Ended
	Mar. 31, 2014
Marketable Securities, Available-for-sale	'
Fair value of the available-for-sale marketable securities, by type of security	'
		MARCH 31, 2014
	(in thousands)	AMORTIZED		GROSS		GROSS			ESTIMATED
		COST		UNREALIZED		UNREALIZED			FAIR VALUE
				GAINS		LOSSES
	Type of security:
	U.S. Treasury securities	$	70,542	$	198	$	-		$	70,740
	Obligations of U.S. government agencies	16,288		1		(11		)	16,278
	Municipal debt securities	28,249		655		(771		)	28,133
	Corporate debt securities	119,178		99		(20		)	119,257
	Asset-backed securities	17,785		73		(22		)	17,836
	Total debt securities	252,042		1,026		(824		)	252,244
	Time deposits	1,408		-		-			1,408
	Short-term pooled investments	11,037		-		-			11,037
	Total marketable securities, available-for-sale	$	264,487	$	1,026	$	(824	)	$	264,689
		31-Dec-13
	Type of security:
	U.S. Treasury securities	$	76,355	$	149	$	-		$	76,504
	Obligations of U.S. government agencies	17,074		2		(8		)	17,068
	Municipal debt securities	33,492		492		(1,008		)	32,976
	Corporate debt securities	157,798		102		(21		)	157,879
	Asset-backed securities	20,433		76		(20		)	20,489
	Total debt securities	305,152		821		(1,057		)	304,916
	Time deposits	1,606		-		-			1,606
	Short-term pooled investments	6,633		-		-			6,633
	Total marketable securities, available-for-sale	$	313,391	$	821	$	(1,057	)	$	313,155
Fair value of the available-for-sale marketable securities, by contractual maturity	'
	(in thousands)	MARCH 31, 2014		31-Dec-13
	Contractual maturity:
	Maturing in one year or less	$	108,440	$	129,384
	Maturing after one year through three years	122,236		154,169
	Maturing after three years	21,568		21,363
	Total debt securities	252,244		304,916
	Time deposits and short-term pooled investments	12,445		8,239
	Total marketable securities, available-for-sale	$	264,689	$	313,155

Housing_Inventories_Tables

Housing Inventories (Tables)	3 Months Ended
	Mar. 31, 2014
Housing Inventories	'
Summary of activity that relates to capitalized interest	'
	(in thousands)	2014			2013
	Capitalized interest at January 1	$	89,619		$	82,773
	Interest capitalized	17,111			12,894
	Interest amortized to cost of sales	(10,470		)	(11,114		)
	Capitalized interest at March 31	$	96,260		$	84,553
	Interest incurred	$	17,383		$	16,805
Summary of each reporting segment's total number of lots owned and lots controlled under option agreements	'
		MARCH 31, 2014						31-Dec-13
		LOTS		LOTS				LOTS	LOTS
		OWNED		OPTIONED		TOTAL		OWNED	OPTIONED	TOTAL
	North	6,900		6,969		13,869		6,382	7,455	13,837
	Southeast	8,559		2,765		11,324		8,114	2,439	10,553
	Texas	4,063		2,982		7,045		3,886	3,147	7,033
	West	5,146		1,470		6,616		5,158	1,561	6,719
	Total	24,668		14,186		38,854		23,540	14,602	38,142

Investments_in_Joint_Ventures_

Investments in Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2014
Investments in Joint Ventures	'
Schedule of each reporting segment's total estimated share of lots owned by the entity under its joint ventures	'
		MARCH 31, 2014	31-Dec-13
	North	150	150
	Texas	252	252
	West	226	226
	Total	628	628

Debt_and_Credit_Facilities_Tab

Debt and Credit Facilities (Tables)	3 Months Ended
	Mar. 31, 2014
Debt and Credit Facilities	'
Schedule of long-term and short-term debt and credit facilities	'
	(in thousands)	MARCH 31, 2014			31-Dec-13
	Senior notes
	5.4 percent senior notes due January 2015	$	126,481		$	126,481
	8.4 percent senior notes due May 2017	230,000			230,000
	6.6 percent senior notes due May 2020	300,000			300,000
	5.4 percent senior notes due October 2022	250,000			250,000
	Convertible senior notes
	1.6 percent convertible senior notes due May 2018	225,000			225,000
	0.25 percent convertible senior notes due June 2019	267,500			267,500
	Total senior notes and convertible senior notes	1,398,981			1,398,981
	Debt discount	(2,195		)	(2,362		)
	Senior notes and convertible senior notes, net	1,396,786			1,396,619
	Secured notes payable	767			689
	Total debt	$	1,397,553		$	1,397,308
	Financial services credit facility	$	59,119		$	73,084

Fair_Values_of_Financial_and_N1

Fair Values of Financial and Nonfinancial Instruments (Tables)	3 Months Ended
	Mar. 31, 2014
Fair Values of Financial and Nonfinancial Instruments	'
Fair value measurement methods and values for financial instruments measured on a recurring basis	'
		FAIR VALUE
	(in thousands)	HIERARCHY	MARCH 31, 2014			31-Dec-13
	Marketable securities, available-for-sale
	U.S. Treasury securities	Level 1	$	70,740		$	76,504
	Obligations of U.S. government agencies	Level 1	16,278			17,068
	Municipal debt securities	Level 2	28,133			32,976
	Corporate debt securities	Level 2	119,257			157,879
	Asset-backed securities	Level 2	17,836			20,489
	Time deposits	Level 2	1,408			1,606
	Short-term pooled investments	Level 1	11,037			6,633
	Mortgage loans held-for-sale	Level 2	69,037			139,576
	Mortgage interest rate lock commitments	Level 2	6,108			5,218
	Forward-delivery contracts	Level 2	(382		)	2,261

LongTerm_Incentive_and_Supplem1

Long-Term Incentive and Supplemental Executive Retirement Plans (Tables)	3 Months Ended
	Mar. 31, 2014
Long-Term Incentive and Supplemental Executive Retirement Plans	'
Schedule of costs recognized and benefits paid for the Company's supplemental, unfunded, nonqualified retirement plan	'
		THREE MONTHS ENDED
		MARCH 31,
	(in thousands)	2014		2013
	Service costs	$	-	$	10
	Interest costs	121		214
	Amortization of unrecognized actuarial loss	8		-
	Total costs	$	129	$	224
	Benefits paid	$	90	$	-

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2014
Stock-Based Compensation	'
Summary of stock option activity	'
					WEIGHTED-
			WEIGHTED-		AVERAGE	AGGREGATE
			AVERAGE		REMAINING	INTRINSIC
			EXERCISE		CONTRACTUAL	VALUE
		SHARES	PRICE		LIFE (in years)	(in thousands)
	Options outstanding at January 1, 2013	3,419,423	$	26.92	2.9
	Granted	-	-
	Exercised	-340,819	24.71
	Forfeited	-39,089	22.5
	Options outstanding at March 31, 2013	3,039,515	$	27.23	2.8	$	50,621
	Available for future grant	3,105,328
	Total shares reserved at March 31, 2013	6,144,843
	Options exercisable at March 31, 2013	2,303,539	$	30.17	2.1	$	33,257
	Options outstanding at January 1, 2014	2,326,201	$	27.02	2.3
	Granted	-	-
	Exercised	-489,402	30.32
	Forfeited	-13,473	22.07
	Options outstanding at March 31, 2014	1,823,326	$	26.17	2.6	$	32,057
	Available for future grant	3,344,945
	Total shares reserved at March 31, 2014	5,168,271
	Options exercisable at March 31, 2014	1,591,330	$	27.23	2.3	$	27,184
Summary of activity that relates to the Company's restricted stock unit awards	'
		2014	2013
	Restricted stock units at January 1	539,106	774,217
	Shares awarded	131,597	143,594
	Shares vested	-298,791	(344,369	)
	Shares forfeited	-2,428	(21,534	)
	Restricted stock units at March 31	369,484	551,908

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2014
Commitments and Contingencies	'
Summary of composition of mortgage loans originated, by loan type; credit score; and loan-to-value ratio	'
		THREE
		MONTHS ENDED
		MARCH 31,		TWELVE MONTHS ENDED DECEMBER 31,
		2014		2013		2012		2011		2010		2009
	Prime	65.6	%	57.2	%	48.6	%	42.2	%	34.9	%	32.9	%
	Government (FHA/VA/USDA)	34.4		42.8		51.4		57.8		65.1		67.1
	Total	100	%	100	%	100	%	100	%	100	%	100	%
	Average FICO credit score	733		733		731		726		723		717
	Average combined loan-to-value ratio	88.6	%	89.8	%	90.1	%	90.3	%	90.8	%	91.4	%
Changes in mortgage loan loss reserves and related legal reserves	'
	(in thousands)	2014			2013
	Balance at January 1	$	11,472		$	10,484
	Provision for losses	94			543
	Settlements made	-231			(46		)
	Balance at March 31	$	11,335		$	10,981
Changes in product liability reserves	'
	(in thousands)	2014			2013
	Balance at January 1	$	23,139		$	18,188
	Warranties issued	1,801			1,056
	Changes in liability for accruals related to pre-existing warranties	(45		)	393
	Settlements made	(1,784		)	(1,249		)
	Balance at March 31	$	23,111		$	18,388
Changes in RHIC's insurance reserves	'
	(in thousands)	2014			2013
	Balance at January 1	$	13,857		$	14,813
	Insurance expense provisions or adjustments	1,900			-
	Loss expenses paid	(665		)	(483		)
	Balance at March 31	$	15,092		$	14,330

Supplemental_Guarantor_Informa1

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2014
Supplemental Guarantor Information	'
CONSOLIDATING STATEMENTS OF EARNINGS	'
		THREE MONTHS ENDED MARCH 31, 2014
								NON-
					GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)	TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	REVENUES	$	250,407	$		240,234	$		8,198	$		(9,156	)   $		489,683
	EXPENSES	228,870			223,079			9,609			(9,156		)	452,402
	OTHER INCOME	695			194			-			-			889
	Income (loss) from continuing	22,232			17,349			(1,411		)	-			38,170
	operations before taxes
	Tax expense (benefit)	8,528			6,656			(541		)	-			14,643
	Equity in net earnings of subsidiaries	9,823			-			-			(9,823		)	-
	NET INCOME (LOSS)	$	23,527	$		10,693	$		(870	)   $		(9,823	)   $		23,527
		THREE MONTHS ENDED MARCH 31, 2013
	REVENUES	$	202,298	$		169,039		$	11,179	$		(7,836	)   $		374,680
	EXPENSES	193,620			160,831			6,858			(7,836		)	353,473
	OTHER INCOME	890			106			-			-			996
	Income from continuing	9,568			8,314			4,321			-			22,203
	operations before taxes
	Tax expense	86			74			39			-			199
	Equity in net earnings of subsidiaries	12,522			-			-			(12,522		)	-
	Net income from continuing	22,004			8,240			4,282			(12,522		)	22,004
	operations
	Income from discontinued operations,	113			53			-			(53		)	113
	net of taxes
	NET INCOME	$	22,117	$		8,293	$		4,282	$		(12,575	)   $		22,117
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'
			THREE MONTHS ENDED MARCH 31, 2014
									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	Net income (loss)		$	23,527		$	10,693		$	(870	)	$	(9,823	)	$	23,527
	Other comprehensive income, net of tax:
	Amortization of actuarial loss on defined		5			-			-			-			5
	benefit pension plan, net
	Unrealized gain on marketable securities,		188			-			-			-			188
	available-for-sale, net
	Other comprehensive income, net of tax		193			-			-			-			193
	Comprehensive income (loss)		$	23,720		$	10,693		$	(870	)	$	(9,823	)	$	23,720
			THREE MONTHS ENDED MARCH 31, 2013
	Net income		$	22,117		$	8,293		$	4,282		$	(12,575	)	$	22,117
	Other comprehensive loss, net of tax:
	Unrealized loss on marketable securities,		(124		)	-			-			-			(124		)
	available-for-sale, net
	Other comprehensive loss, net of tax		(124		)	-			-			-			(124		)
	Comprehensive income		$	21,993		$	8,293		$	4,282		$	(12,575	)	$	21,993
CONSOLIDATING BALANCE SHEETS	'
			MARCH 31, 2014
									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	ASSETS
	Cash and cash equivalents		$	25,732		$	224,129		$	9,292		$	-		$	259,153
	Marketable securities and restricted cash		324,150			-			25,792			-			349,942
	Consolidated inventory owned		1,030,749			684,275			-			-			1,715,024
	Consolidated inventory not owned		17,149			-			17,320			-			34,469
	Total housing inventories		1,047,898			684,275			17,320			-			1,749,493
	Investment in subsidiaries		378,441			-			-			(378,441		)	-
	Intercompany receivables		515,198			-			5,139			(520,337		)	-
	Other assets		280,140			53,540			82,462			-			416,142
	Assets of discontinued operations		-			-			-			-			-
	TOTAL ASSETS		2,571,559			961,944			140,005			(898,778		)	2,774,730
	LIABILITIES
	Accounts payable and other		221,622			94,851			31,881			-			348,354
	accrued liabilities
	Financial services credit facility		-			-			59,119			-			59,119
	Debt		1,397,553			-			-			-			1,397,553
	Intercompany payables		-			520,337			-			(520,337		)	-
	Liabilities of discontinued operations		-			-			-			-			-
	TOTAL LIABILITIES		1,619,175			615,188			91,000			(520,337		)	1,805,026
	EQUITY
	STOCKHOLDERS’ EQUITY		952,384			346,756			31,685			(378,441		)	952,384
	NONCONTROLLING INTEREST		-			-			17,320			-			17,320
	TOTAL LIABILITIES AND EQUITY		$	2,571,559		$	961,944		$	140,005		$	(898,778	)	$	2,774,730
			DECEMBER 31, 2013
	ASSETS
	Cash and cash equivalents		$	25,521		$	193,356		$	9,109		$	-		$	227,986
	Marketable securities and restricted cash		377,267			-			25,922			-			403,189
	Consolidated inventory owned		955,943			660,664			-			-			1,616,607
	Consolidated inventory not owned		17,297			-			15,879			-			33,176
	Total housing inventories		973,240			660,664			15,879			-			1,649,783
	Investment in subsidiaries		369,580			-			-			(369,580		)	-
	Intercompany receivables		517,057			-			-			(517,057		)	-
	Other assets		290,153			54,052			155,149			-			499,354
	Assets of discontinued operations		-			30			-			-			30
	TOTAL ASSETS		2,552,818			908,102			206,059			(886,637		)	2,780,342
	LIABILITIES
	Accounts payable and other		247,328			106,420			31,773			-			385,521
	accrued liabilities
	Financial services credit facility		-			-			73,084			-			73,084
	Debt		1,397,308			-			-			-			1,397,308
	Intercompany payables		-			465,252			51,805			(517,057		)	-
	Liabilities of discontinued operations		136			368			-			-			504
	TOTAL LIABILITIES		1,644,772			572,040			156,662			(517,057		)	1,856,417
	EQUITY
	STOCKHOLDERS’ EQUITY		908,046			336,062			33,518			(369,580		)	908,046
	NONCONTROLLING INTEREST		-			-			15,879			-			15,879
	TOTAL LIABILITIES AND EQUITY		$	2,552,818		$	908,102		$	206,059		$	(886,637	)	$	2,780,342
CONSOLIDATING STATEMENTS OF CASH FLOWS	'
			THREE MONTHS ENDED MARCH 31, 2014
						GUARANTOR			NON-GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	CASH FLOWS FROM OPERATING ACTIVITIES
	Net income (loss) from continuing operations		$	23,527		$	10,693		$	(870	)	$	(9,823	)	$	23,527
	Adjustments to reconcile net income (loss) from continuing
	operations to net cash (used for) provided by
	operating activities		8,546			2,157			102			-			10,805
	Changes in assets and liabilities		(104,702		)	(36,059		)	71,734			9,823			(59,204		)
	Other operating activities, net		(162		)	-			-			-			(162		)
	Net cash (used for) provided by operating activities from		(72,791		)	(23,209		)	70,966			-			(25,034		)
	continuing operations
	CASH FLOWS FROM INVESTING ACTIVITIES
	Contributions to unconsolidated joint ventures		(31		)	-			-			-			(31		)
	Additions to property, plant and equipment		(3,596		)	(1,104		)	(4		)	-			(4,704		)
	Purchases of marketable securities, available-for-sale		(118,544		)	-			(800		)	-			(119,344		)
	Proceeds from sales and maturities of marketable securities,		168,212			-			1,275			-			169,487
	available-for-sale
	Net cash provided by (used for) investing activities from		46,041			(1,104		)	471			-			45,408
	continuing operations
	CASH FLOWS FROM FINANCING ACTIVITIES
	Increase in debt		78			-			-			-			78
	Repayments of borrowings against revolving credit facilities, net		-			-			(13,965		)	-			(13,965		)
	Common stock dividends and stock-based compensation		19,899			-			-			-			19,899
	Decrease (increase) in restricted cash		5,126			-			(345		)	-			4,781
	Intercompany balances		1,858			55,086			(56,944		)	-			-
	Net cash provided by (used for) financing activities from		26,961			55,086			(71,254		)	-			10,793
	continuing operations
	Net increase in cash and cash equivalents from		211			30,773			183			-			31,167
	continuing operations
	Cash flows from operating activities–discontinued operations		-			(27		)	-			-			(27		)
	Cash flows from investing activities–discontinued operations		-			-			-			-			-
	Cash flows from financing activities–discontinued operations		-			-			-			-			-
	Cash and cash equivalents at beginning of year		25,521			193,383			9,109			-			228,013
	CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	25,732		$	224,129		$	9,292		$	-		$	259,153
			THREE MONTHS ENDED MARCH 31, 2013
	CASH FLOWS FROM OPERATING ACTIVITIES
	Net income from continuing operations		$	22,004		$	8,240		$	4,282		$	(12,522	)	$	22,004
	Adjustments to reconcile net income from continuing
	operations to net cash (used for) provided by
	operating activities		(1,511		)	1,675			45			-			209
	Changes in assets and liabilities		(39,912		)	(50,725		)	47,875			12,522			(30,240		)
	Other operating activities, net		(197		)	-			-			-			(197		)
	Net cash (used for) provided by operating activities from		(19,616		)	(40,810		)	52,202			-			(8,224		)
	continuing operations
	CASH FLOWS FROM INVESTING ACTIVITIES
	Return of investment in unconsolidated joint ventures, net		165			-			-			-			165
	Additions to property, plant and equipment		(1,992		)	(1,613		)	(214		)	-			(3,819		)
	Purchases of marketable securities, available-for-sale		(179,915		)	-			(1,050		)	-			(180,965		)
	Proceeds from sales and maturities of marketable securities,		204,843			-			1,424			-			206,267
	available-for-sale
	Net cash provided by (used for) investing activities from		23,101			(1,613		)	160			-			21,648
	continuing operations
	CASH FLOWS FROM FINANCING ACTIVITIES
	Decrease in debt		(1,462		)	-			-			-			(1,462		)
	Common stock dividends and stock-based compensation		13,095			-			-			-			13,095
	(Increase) decrease in restricted cash		(977		)	-			266			-			(711		)
	Intercompany balances		(22,857		)	74,371			(51,514		)	-			-
	Net cash (used for) provided by financing activities from		(12,201		)	74,371			(51,248		)	-			10,922
	continuing operations
	Net (decrease) increase in cash and cash equivalents from		(8,716		)	31,948			1,114			-			24,346
	continuing operations
	Cash flows from operating activities–discontinued operations		-			(15		)	-			-			(15		)
Cash flows from investing activities–discontinued operations		-			15			-			-			15
Cash flows from financing activities–discontinued operations		-			-			-			-			-
Cash and cash equivalents at beginning of year		32,130			117,865			8,119			-			158,114
CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	23,414		$	149,813		$	9,233		$	-		$	182,460

Consolidated_Financial_Stateme1

Consolidated Financial Statements (Details)	3 Months Ended
	Mar. 31, 2014
Consolidated Financial Statements	'
Ownership interest in subsidiaries (as a percent)	100.00%

Other_Income_Details

Other Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Other Income	'	'
Other income	$485	$291

Comprehensive_Income_Details

Comprehensive Income (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
Comprehensive Income	'	'
Comprehensive income	$23,720	$21,993

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
GROSS OTHER COMPREHENSIVE INCOME (LOSS)	'	'
Amortization of actuarial loss on defined benefit pension plan, gross	$8	'
Unrealized gain (loss) on marketable securities, available-for-sale:	'	'
Unrealized gain on marketable securities, available-for-sale	236	28
Less: reclassification adjustments for gains included in net income	-48	-152
Total unrealized gain (loss) on marketable securities, available-for-sale	188	-124
Other comprehensive income (loss)	196	-124
TAX BENEFIT	'	'
Amortization of actuarial loss on defined benefit pension plan, tax	-3	'
Unrealized gain (loss) on marketable securities, available-for-sale:	'	'
Unrealized gain on marketable securities, available-for-sale	0	0
Less: reclassification adjustments for gains included in net income	0	0
Total unrealized gain (loss) on marketable securities, available-for-sale	0	0
Other comprehensive income (loss)	-3	0
NET OTHER COMPREHENSIVE INCOME (LOSS)	'	'
Amortization of actuarial loss on defined benefit pension plan, net	5	0
Unrealized gain (loss) on marketable securities, available-for-sale:	'	'
Unrealized gain on marketable securities, available -for-sale	236	28
Less: reclassification adjustments for gains included in net income	-48	-152
Total unrealized gain (loss) on marketable securities, available-for-sale	188	-124
Other comprehensive income (loss), net of tax	$193	($124)

Cash_Cash_Equivalents_and_Rest1

Cash, Cash Equivalents and Restricted Cash (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Cash, Cash Equivalents and Restricted Cash	'	'
Cash and cash equivalents	$259,153,000	$227,986,000
Restricted cash deposits kept as collateral for outstanding letters of credit	84,400,000	89,500,000
Restricted cash	'	'
Restricted cash	85,253,000	90,034,000
RMC	'	'
Restricted cash	'	'
Restricted cash	$832,000	$487,000

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	segment
	state
Segment Information	'	'	'
Number of states in which the entity operates	17	'	'
Number of reportable segments	6	'	'
Number of geographic segments	4	'	'
REVENUES	'	'	'
Total	$489,683	$374,680	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	38,170	22,203	'
Total assets	'	'	'
HOUSING INVENTORIES	1,749,493	'	1,649,783
OTHER ASSETS	1,025,237	'	1,130,529
TOTAL ASSETS	2,774,730	'	2,780,312
Homebuilding | North	'	'	'
REVENUES	'	'	'
Total	133,564	95,682	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	10,794	3,339	'
Total assets	'	'	'
HOUSING INVENTORIES	481,432	'	464,777
OTHER ASSETS	51,476	'	48,314
TOTAL ASSETS	532,908	'	513,091
Homebuilding | Southeast	'	'	'
REVENUES	'	'	'
Total	126,667	105,219	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	14,857	7,205	'
Total assets	'	'	'
HOUSING INVENTORIES	438,285	'	397,237
OTHER ASSETS	25,528	'	24,143
TOTAL ASSETS	463,813	'	421,380
Homebuilding | Texas	'	'	'
REVENUES	'	'	'
Total	111,151	77,337	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	7,847	5,023	'
Total assets	'	'	'
HOUSING INVENTORIES	314,495	'	290,018
OTHER ASSETS	31,485	'	37,310
TOTAL ASSETS	345,980	'	327,328
Homebuilding | West	'	'	'
REVENUES	'	'	'
Total	110,103	85,263	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	12,728	7,906	'
Total assets	'	'	'
HOUSING INVENTORIES	515,281	'	497,751
OTHER ASSETS	36,351	'	30,248
TOTAL ASSETS	551,632	'	527,999
Financial Services	'	'	'
REVENUES	'	'	'
Total	8,198	11,179	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	-1,411	4,321	'
Total assets	'	'	'
HOUSING INVENTORIES	0	'	0
OTHER ASSETS	120,991	'	193,652
TOTAL ASSETS	120,991	'	193,652
Corporate and unallocated	'	'	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'
Total	-6,645	-5,591	'
Total assets	'	'	'
HOUSING INVENTORIES	0	'	0
OTHER ASSETS	759,406	'	796,862
TOTAL ASSETS	$759,406	'	$796,862

Earnings_Per_Share_Reconciliat2

Earnings Per Share Reconciliation (Details) (USD $)	3 Months Ended
In Thousands, except Share data, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
NUMERATOR	'	'
Net income (loss) from continuing operations	$23,527	$22,004
Net income from discontinued operations	0	113
Less: distributed earnings allocated to nonvested restricted stock	0	-3
Less: undistributed earnings allocated to nonvested restricted stock	-30	-111
Numerator for basic income per share	23,497	22,003
Plus: undistributed earnings allocated to nonvested restricted stock	30	111
Less: undistributed earnings reallocated to nonvested restricted stock	-24	-95
Numerator for diluted income per share	24,531	22,748
DENOMINATOR	'	'
Basic earnings per share-weighted-average shares	46,579,280	45,434,996
Effect of dilutive securities:	'	'
Share-based payments (in shares)	957,906	903,321
Diluted earnings per share-adjusted weighted-average shares and assumed conversions	58,126,928	53,362,097
NET INCOME PER COMMON SHARE	'	'
Basic (in dollars per share)	$0.50	$0.48
Diluted (in dollars per share)	$0.42	$0.43
1.6 percent convertible senior notes due 2018	'	'
NUMERATOR	'	'
Plus: interest on convertible senior notes	729	729
Effect of dilutive securities:	'	'
Convertible senior notes (in shares)	7,023,780	7,023,780
NET INCOME PER COMMON SHARE	'	'
Interest rate stated percentage	1.60%	'
0.25 percent convertible senior notes due 2019	'	'
NUMERATOR	'	'
Plus: interest on convertible senior notes	$299	$0
Effect of dilutive securities:	'	'
Convertible senior notes (in shares)	3,565,962	0
NET INCOME PER COMMON SHARE	'	'
Interest rate stated percentage	0.25%	'

Marketable_Securities_Availabl2

Marketable Securities, Available-for-sale (Details) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Marketable Securities, Available-for-sale	'	'	'
Gain from marketable securities, net	$404	$705	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	264,487	'	313,391
GROSS UNREALIZED GAINS	1,026	'	821
GROSS UNREALIZED LOSSES	-824	'	-1,057
ESTIMATED FAIR VALUE	264,689	'	313,155
Total debt securities	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	252,042	'	305,152
GROSS UNREALIZED GAINS	1,026	'	821
GROSS UNREALIZED LOSSES	-824	'	-1,057
ESTIMATED FAIR VALUE	252,244	'	304,916
U.S. Treasury securities	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	70,542	'	76,355
GROSS UNREALIZED GAINS	198	'	149
GROSS UNREALIZED LOSSES	0	'	0
ESTIMATED FAIR VALUE	70,740	'	76,504
Obligations of U.S. government agencies	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	16,288	'	17,074
GROSS UNREALIZED GAINS	1	'	2
GROSS UNREALIZED LOSSES	-11	'	-8
ESTIMATED FAIR VALUE	16,278	'	17,068
Municipal debt securities	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	28,249	'	33,492
GROSS UNREALIZED GAINS	655	'	492
GROSS UNREALIZED LOSSES	-771	'	-1,008
ESTIMATED FAIR VALUE	28,133	'	32,976
Corporate debt securities	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	119,178	'	157,798
GROSS UNREALIZED GAINS	99	'	102
GROSS UNREALIZED LOSSES	-20	'	-21
ESTIMATED FAIR VALUE	119,257	'	157,879
Asset-backed securities	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	17,785	'	20,433
GROSS UNREALIZED GAINS	73	'	76
GROSS UNREALIZED LOSSES	-22	'	-20
ESTIMATED FAIR VALUE	17,836	'	20,489
Time deposits	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	1,408	'	1,606
GROSS UNREALIZED GAINS	0	'	0
GROSS UNREALIZED LOSSES	0	'	0
ESTIMATED FAIR VALUE	1,408	'	1,606
Short-term pooled investments	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'
AMORTIZED COST	11,037	'	6,633
GROSS UNREALIZED GAINS	0	'	0
GROSS UNREALIZED LOSSES	0	'	0
ESTIMATED FAIR VALUE	$11,037	'	$6,633

Marketable_Securities_Availabl3

Marketable Securities, Available-for-sale (Details 2) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Contractual maturity:	'	'
ESTIMATED FAIR VALUE	$264,689	$313,155
Total debt securities	'	'
Contractual maturity:	'	'
Maturing in one year or less	108,440	129,384
Maturing after one year through three years	122,236	154,169
Maturing after three years	21,568	21,363
ESTIMATED FAIR VALUE	252,244	304,916
Time deposits and short-term pooled investments	'	'
Contractual maturity:	'	'
ESTIMATED FAIR VALUE	$12,445	$8,239

Housing_Inventories_Details

Housing Inventories (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Housing Inventories	'	'	'
Discount rate, low end of the range (as a percent)	17.00%	'	'
Discount rate, high end of the range (as a percent)	30.00%	'	'
Valuation reserves related to impaired inventories	$147,500,000	'	$154,800,000
Net carrying value of impaired inventories	149,300,000	'	155,900,000
Summary of activity related to capitalized interest	'	'	'
Capitalized interest, balance at the beginning of the period	89,619,000	82,773,000	'
Interest capitalized	17,111,000	12,894,000	'
Interest amortized to cost of sales	-10,470,000	-11,114,000	'
Capitalized interest, balance at the end of the period	96,260,000	84,553,000	'
Interest incurred	$17,383,000	$16,805,000	'
Total continuing operations | Segment total	'	'	'
Lots	'	'	'
LOTS OWNED	24,668	'	23,540
LOTS OPTIONED	14,186	'	14,602
TOTAL	38,854	'	38,142
Total continuing operations | North	'	'	'
Lots	'	'	'
LOTS OWNED	6,900	'	6,382
LOTS OPTIONED	6,969	'	7,455
TOTAL	13,869	'	13,837
Total continuing operations | Southeast	'	'	'
Lots	'	'	'
LOTS OWNED	8,559	'	8,114
LOTS OPTIONED	2,765	'	2,439
TOTAL	11,324	'	10,553
Total continuing operations | Texas	'	'	'
Lots	'	'	'
LOTS OWNED	4,063	'	3,886
LOTS OPTIONED	2,982	'	3,147
TOTAL	7,045	'	7,033
Total continuing operations | West	'	'	'
Lots	'	'	'
LOTS OWNED	5,146	'	5,158
LOTS OPTIONED	1,470	'	1,561
TOTAL	6,616	'	6,719

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Millions, unless otherwise specified
Goodwill and Other Intangible Assets	'	'
Goodwill	$36.90	$37.10
North	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	13.5	13.7
Southeast	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	8.1	8.1
Texas	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	6.6	6.6
West	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	$8.70	$8.70

Variable_Interest_Entities_VIE1

Variable Interest Entities ("VIE") (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
Lot Option Purchase Disclosures	'	'
Consolidated inventory not owned	$34,469,000	$33,176,000
Noncontrolling interest	17,320,000	15,879,000
Primary variable interest | Lot option purchase contracts	'	'
Lot Option Purchase Disclosures	'	'
Consolidated inventory not owned	34,500,000	33,200,000
Cash deposits	17,100,000	17,300,000
Noncontrolling interest	17,300,000	15,900,000
Not primary variable interest | Lot option purchase contracts	'	'
Lot Option Purchase Disclosures	'	'
Cash deposits and/or letters of credit	36,900,000	36,600,000
Aggregate purchase price	$473,700,000	$482,800,000

Investments_in_Joint_Ventures_1

Investments in Joint Ventures (Details) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
	item
Investments in Joint Ventures	'	'	'
Number of active homebuilding joint ventures	6	'	'
Unconsolidated Joint Ventures	'	'	'
Investments in unconsolidated joint ventures	$12,700,000	'	$12,600,000
Equity in earnings from unconsolidated joint ventures	$102,000	$164,000	'
Joint ventures | Segment total	'	'	'
Lots	'	'	'
JV Lots Optioned	628	'	628
North | Joint ventures	'	'	'
Lots	'	'	'
JV Lots Optioned	150	'	150
Texas | Joint ventures	'	'	'
Lots	'	'	'
JV Lots Optioned	252	'	252
West | Joint ventures	'	'	'
Lots	'	'	'
JV Lots Optioned	226	'	226

Debt_and_Credit_Facilities_Det

Debt and Credit Facilities (Details) (USD $)

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Mar. 31, 2014

Dec. 31, 2013

Dec. 31, 2011

Apr. 30, 2014

5.4 percent senior notes due January 2015

5.4 percent senior notes due January 2015

8.4 percent senior notes due May 2017

8.4 percent senior notes due May 2017

6.6 percent senior notes due May 2020

6.6 percent senior notes due May 2020

5.4 percent senior notes due October 2022

5.4 percent senior notes due October 2022

1.6 percent convertible senior notes due May 2018

1.6 percent convertible senior notes due May 2018

0.25 percent convertible senior notes due June 2019

0.25 percent convertible senior notes due June 2019

Seller-financed nonrecourse secured notes

Seller-financed nonrecourse secured notes

Repurchase credit facility

Repurchase credit facility

Repurchase credit facility

Warehouse line of credit

JPMorgan Chase Bank, N.A. ("JPM")

JPMorgan Chase Bank, N.A. ("JPM")

JPMorgan Chase Bank, N.A. ("JPM")

Comerica Bank

Subsequent event

RMCMC

Debt

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total senior notes and convertible senior notes

$1,398,981,000

$1,398,981,000

$126,481,000

$126,481,000

$230,000,000

$230,000,000

$300,000,000

$300,000,000

$250,000,000

$250,000,000

$225,000,000

$225,000,000

$267,500,000

$267,500,000

'

'

'

'

'

'

Debt discount

-2,195,000

-2,362,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Senior notes and convertible senior notes, net

1,396,786,000

1,396,619,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured notes payable

767,000

689,000

'

'

'

'

'

'

'

'

'

'

'

'

767,000

689,000

'

'

'

'

Total debt

1,397,553,000

1,397,308,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Financial services credit facility

59,119,000

73,084,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

59,100,000

73,100,000

'

'

Other debt disclosures

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate stated percentage

'

'

5.40%

'

8.40%

'

6.60%

'

5.40%

'

1.60%

'

0.25%

'

'

'

'

'

'

'

Letters of credit outstanding

88,600,000

93,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum borrowing capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$100,000,000

'

$50,000,000

$50,000,000

Weighted average interest rate (as a percent)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.40%

3.40%

'

'

Fair_Values_of_Financial_and_N2

Fair Values of Financial and Nonfinancial Instruments (Details) (USD $)	Mar. 31, 2014	Dec. 31, 2013
	loan	loan
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	$264,689,000	$313,155,000
Mortgage loans held-for-sale, unpaid principal balance	67,600,000	137,500,000
Mortgage loans held-for-sale, difference between the aggregate fair value and the aggregate unpaid principal balance	1,500,000	2,100,000
Number of loans 90 days or more past due	2	2
Mortgage loans held-for-sale, aggregate carrying value of loans with payments 90 days or more past due	466,000	467,000
Mortgage loans held-for-sale, aggregate unpaid principal balance of loans with payments 90 days or more past due	737,000	738,000
U.S. Treasury securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	70,740,000	76,504,000
Obligations of U.S. government agencies	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	16,278,000	17,068,000
Municipal debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	28,133,000	32,976,000
Corporate debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	119,257,000	157,879,000
Asset-backed securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	17,836,000	20,489,000
Time deposits	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	1,408,000	1,606,000
Short-term pooled investments	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	11,037,000	6,633,000
Level 1 | Recurring Measurement | U.S. Treasury securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	70,740,000	76,504,000
Level 1 | Recurring Measurement | Obligations of U.S. government agencies	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	16,278,000	17,068,000
Level 1 | Recurring Measurement | Short-term pooled investments	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	11,037,000	6,633,000
Level 2 | Recurring Measurement | Mortgage loans held-for-sale	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	69,037,000	139,576,000
Level 2 | Recurring Measurement | Mortgage interest rate lock commitments ("IRLCs")	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	6,108,000	5,218,000
Level 2 | Recurring Measurement | Forward-delivery contracts	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	-382,000	2,261,000
Level 2 | Recurring Measurement | Municipal debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	28,133,000	32,976,000
Level 2 | Recurring Measurement | Corporate debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	119,257,000	157,879,000
Level 2 | Recurring Measurement | Asset-backed securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	17,836,000	20,489,000
Level 2 | Recurring Measurement | Time deposits	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	$1,408,000	$1,606,000

Fair_Values_of_Financial_and_N3

Fair Values of Financial and Nonfinancial Instruments (Details 2) (USD $)	3 Months Ended					12 Months Ended	3 Months Ended	12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
			Mortgage interest rate lock commitments ("IRLCs")	Mortgage interest rate lock commitments ("IRLCs")	Measured on a non-recurring basis	Measured on a non-recurring basis	Measured on a non-recurring basis	Measured on a non-recurring basis
					Housing inventory	Housing inventory	Other assets held-for-sale	Other assets held-for-sale
Financial and nonfinancial instruments	'	'	'	'	'	'	'	'
Gains realized on the IRLC pipeline	'	'	$891,000	$1,300,000	'	'	'	'
Gains (losses) from instruments used to hedge IRLCs	'	'	-3,100,000	665,000	'	'	'	'
Gains on loan sales	'	'	5,400,000	4,800,000	'	'	'	'
Fair value of impaired assets	'	'	'	'	'	'	'	596,000
Impairment charges	$618,000	$213,000	'	'	$0	$0	$0	$154,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2013
Income Taxes	'	'	'	'
Reversal of valuation allowance against the company's deferred tax assets	'	$187.50	'	'
Net deferred tax assets	174.1	'	'	185.9
Valuation allowance against deferred tax assets	$0	$46.40	'	$0
Overall effective income tax expense rate (as a percent)	38.40%	'	0.90%	'
Federal	'	'	'	'
Income Taxes	'	'	'	'
Period of NOL carryforward	'20 years	'	'	'
Period of federal tax credit carryforwards	'20 years	'	'	'
State | Minimum	'	'	'	'
Income Taxes	'	'	'	'
Period of NOL carryforward	'10 years	'	'	'
State | Maximum	'	'	'	'
Income Taxes	'	'	'	'
Period of NOL carryforward	'20 years	'	'	'

LongTerm_Incentive_and_Supplem2

Long-Term Incentive and Supplemental Executive Retirement Plans (Details)	3 Months Ended
	Mar. 31, 2014
2014 LTIP	'
Long-term incentive plan	'
Threshold TSR percentile of the performance to earn half of the target amount of performance shares	50.00%
Threshold percent of revenue growth over the long-term performance period to earn half of the target amount of performance shares	30.00%
2014 LTIP | Maximum	'
Long-term incentive plan	'
TSR percentile level of the performance to earn zero percent of half of the target amount of performance shares	30.00%
TSR percentile level of the performance to earn 200 percent of half of the target amount of performance shares	90.00%
Percent of revenue growth over the long-term performance period to earn zero percent of half of the target amount of performance shares	20.00%
Percent of revenue growth over the long-term performance period to earn to 200 percent of half of the target amount of performance shares	40.00%
2014 LTIP | TSR at or below the 30 percentile level | Minimum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	0.00%
2014 LTIP | TSR at or above the 90 percentile level | Maximum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	200.00%
2014 LTIP | Revenue growth at or below 20 percent | Minimum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	0.00%
2014 LTIP | Revenue growth at or above 40 percent | Maximum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	200.00%
2014 LTIP | Performance share units	'
Long-term incentive plan	'
Number of performance share units approved under the plan	141,566
Long-term performance period	'3 years
2013 LTIP	'
Long-term incentive plan	'
Threshold TSR percentile of the performance to earn half of the target amount of performance shares	50.00%
Threshold percent of revenue growth over the long-term performance period to earn half of the target amount of performance shares	60.00%
2013 LTIP | Maximum	'
Long-term incentive plan	'
TSR percentile level of the performance to earn zero percent of half of the target amount of performance shares	30.00%
TSR percentile level of the performance to earn 200 percent of half of the target amount of performance shares	90.00%
Percent of revenue growth over the long-term performance period to earn zero percent of half of the target amount of performance shares	45.00%
Percent of revenue growth over the long-term performance period to earn to 200 percent of half of the target amount of performance shares	75.00%
2013 LTIP | TSR at or below the 30 percentile level | Minimum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	0.00%
2013 LTIP | TSR at or above the 90 percentile level | Maximum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	200.00%
2013 LTIP | Revenue growth at or below 45 percent | Minimum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	0.00%
2013 LTIP | Revenue growth at or above 75 percent | Maximum	'
Long-term incentive plan	'
Percentage of target amount of performance shares earned by an executive officer	200.00%
2013 LTIP | Performance share units	'
Long-term incentive plan	'
Number of performance share units approved under the plan	135,332
Long-term performance period	'3 years

LongTerm_Incentive_and_Supplem3

Long-Term Incentive and Supplemental Executive Retirement Plans (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013
Costs recognized and benefits paid	'	'	'
Amortization of actuarial loss on defined benefit pension plan, gross	$8,000	'	'
Supplemental Executive Retirement plan	'	'	'
Employee benefit plan	'	'	'
Retirement plan vesting period	'5 years	'	'
Value of assets held in trust	15,200,000	'	15,200,000
Costs recognized and benefits paid	'	'	'
Service costs	0	10,000	'
Interest costs	121,000	214,000	'
Amortization of actuarial loss on defined benefit pension plan, gross	8,000	0	'
Total costs	129,000	224,000	'
Benefits paid	90,000	0	'
Investment gain (loss)	135,000	705,000	'
Projected benefit obligations	15,500,000	'	15,400,000
Weighted-average discount rate (as a percent)	2.00%	5.50%	'
Expected future payouts	'	'	'
2015	1,500,000	'	'
2016	5,400,000	'	'
2017	1,600,000	'	'
2018	2,900,000	'	'
2019 through 2023	$3,200,000	'	'

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		12 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Dec. 31, 2013	Dec. 31, 2012
Stock option / award activity	'	'	'	'
Available for future grant (in shares)	3,344,945	'	3,303,855	'
Stock options / awards	'	'	'	'
Stock-based compensation expense	$5,600,000	$4,400,000	'	'
Intrinsic values of stock options exercised	6,900,000	4,900,000	'	'
Stock options	'	'	'	'
Stock-based compensation	'	'	'	'
Vesting period	'3 years	'	'	'
Stock option / award activity	'	'	'	'
Options outstanding at the beginning of the period (in shares)	2,326,201	3,419,423	3,419,423	'
Granted (in shares)	0	0	'	'
Exercised (in shares)	-489,402	-340,819	'	'
Forfeited (in shares)	-13,473	-39,089	'	'
Options outstanding at the end of the period (in shares)	1,823,326	3,039,515	2,326,201	3,419,423
Available for future grant (in shares)	3,344,945	3,105,328	'	'
Total shares reserved at the end of period	5,168,271	6,144,843	'	'
Options exercisable at the end of period (in shares)	1,591,330	2,303,539	'	'
WEIGHTED-AVERAGE EXERCISE PRICE	'	'	'	'
Options outstanding at the beginning of the period (in dollars per option)	$27.02	$26.92	$26.92	'
Granted (in dollars per option)	$0	$0	'	'
Exercised (in dollars per option)	$30.32	$24.71	'	'
Forfeited (in dollars per option)	$22.07	$22.50	'	'
Options outstanding at the end of the period (in dollars per option)	$26.17	$27.23	$27.02	$26.92
Options exercisable at the end of period (in dollars per option)	$27.23	$30.17	'	'
WEIGHTED-AVERAGE REMAINING CONTRACTUAL LIFE (in years)	'	'	'	'
Weighted average remaining contractual life, Options outstanding at the end of the period	'2 years 7 months 6 days	'2 years 9 months 18 days	'2 years 3 months 18 days	'2 years 10 months 24 days
Weighted average remaining contractual life, Options exercisable at the end of the period	'2 years 3 months 18 days	'2 years 1 month 6 days	'	'
AGGREGATE INTRINSIC VALUE	'	'	'	'
Aggregate intrinsic value, Options outstanding at the end of the period	32,057,000	50,621,000	'	'
Aggregate intrinsic value, Options exercisable at the end of period	27,184,000	33,257,000	'	'
Stock options / awards	'	'	'	'
Stock-based compensation expense	704,000	1,100,000	'	'
2011 Equity and Incentive Plan	'	'	'	'
Stock-based compensation	'	'	'	'
Number of equal annual installments in which awards vest, with performance criteria	3	'	'	'
2011 Equity and Incentive Plan | Senior executive officers	'	'	'	'
Stock-based compensation	'	'	'	'
Vesting period	'3 years	'	'	'
Number of equal annual installments in which awards vest, with performance criteria	1	'	'	'
2011 Equity and Incentive Plan | Maximum	'	'	'	'
Stock-based compensation	'	'	'	'
Expiration period of stock options from date of grant	'7 years	'	'	'
Predecessor plans to the 2011 Equity and Incentive Plan | Minimum	'	'	'	'
Stock-based compensation	'	'	'	'
Expiration period of stock options from date of grant	'5 years	'	'	'
Predecessor plans to the 2011 Equity and Incentive Plan | Maximum	'	'	'	'
Stock-based compensation	'	'	'	'
Expiration period of stock options from date of grant	'10 years	'	'	'
2004 Non-Employee Director Equity Plan and predecessor plans | Maximum	'	'	'	'
Stock-based compensation	'	'	'	'
Expiration period of stock options from date of grant	'10 years	'	'	'
Non-Employee Director Stock Plans	'	'	'	'
Stock options / awards	'	'	'	'
Stock-based compensation expense	247,000	210,000	'	'
2011 Non-Employee Director Stock Plan (the Director Plan)	'	'	'	'
Stock-based compensation	'	'	'	'
Number of shares authorized for issuance to each director	3,000	'	'	'
The maximum period of time that can elapse subsequent to a new director's appointment prior to receipt of an initial award in accordance with the plan	'30 days	'	'	'
Stock option / award activity	'	'	'	'
Available for future grant (in shares)	138,830	'	138,830	'
Restricted stock units | Senior executive officers	'	'	'	'
Stock options / awards	'	'	'	'
Stock-based compensation expense	$4,700,000	$3,100,000	'	'

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 2) (Restricted stock units)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Restricted stock units	'	'
Restricted stock units	'	'
Restricted stock units at the beginning of the period (in shares)	539,106	774,217
Shares awarded	131,597	143,594
Shares vested	-298,791	-344,369
Shares forfeited	-2,428	-21,534
Restricted stock units at the end of the period (in shares)	369,484	551,908
Outstanding restricted shares vesting schedule	'	'
Outstanding restricted stock unit awards, vesting in 2015 (in shares)	235,945	'
Outstanding restricted stock unit awards, vesting in 2016 (in shares)	89,675	'
Outstanding restricted stock unit awards, vesting in 2017 (in shares)	43,864	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	3 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2009
	score	score	score	score	score	score
Commitments and Contingencies	'	'	'	'	'	'
Mortgage loan types originated (as a percent)	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Average FICO credit score	733	733	731	726	723	717
Average combined loan-to-value ratio (as a percent)	88.60%	89.80%	90.10%	90.30%	90.80%	91.40%
Mortgage interest rate lock commitments ("IRLCs")	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Maximum number of days of interest rate commitment before closing	'180 days	'	'	'	'	'
Maximum number of days of loan commitment extension	'270 days	'270 days	'	'	'	'
Notional amount	281.5	269.2	'	'	'	'
Development bonds	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Guarantee obligations estimated exposure pertaining to land development and improvements	150.8	138.9	'	'	'	'
Performance-related cash deposits and letters of credit	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Guarantee obligations estimated exposure pertaining to land development and improvements	59.4	64	'	'	'	'
Prime	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Mortgage loan types originated (as a percent)	65.60%	57.20%	48.60%	42.20%	34.90%	32.90%
Government (FHA/VA/USDA)	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Mortgage loan types originated (as a percent)	34.40%	42.80%	51.40%	57.80%	65.10%	67.10%
Lot option purchase contracts	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Cash deposits and/or letters of credit	72.7	73	'	'	'	'
Aggregate purchase price	877.4	869.1	'	'	'	'
Purchase commitments, specific performance	2.4	2.5	'	'	'	'

Commitments_and_Contingencies_2

Commitments and Contingencies (Details 2) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Mar. 31, 2013	Mar. 31, 2014	Dec. 31, 2013
			Insurance reserves	Insurance reserves	Legal reserves	Legal reserves
			RHIC	RHIC
Changes in the entity's loan loss and related legal reserves	'	'	'	'	'	'
Balance at the beginning of the period	$11,472,000	$10,484,000	'	'	'	'
Provision for losses	94,000	543,000	'	'	'	'
Settlements made	-231,000	-46,000	'	'	'	'
Balance at the end of the period	11,335,000	10,981,000	'	'	'	'
Product warranty	'	'	'	'	'	'
Number of years of product warranty for workmanship and materials	'1 year	'	'	'	'	'
Number of years of product warranty for mechanical systems	'2 years	'	'	'	'	'
Number of years of product warranty for structural systems	'10 years	'	'	'	'	'
Product liability reserves	'	'	'	'	'	'
Balance at the beginning of the period	23,139,000	18,188,000	'	'	'	'
Warranties issued	1,801,000	1,056,000	'	'	'	'
Changes in liability for accruals related to pre-existing warranties	-45,000	393,000	'	'	'	'
Settlements made	-1,784,000	-1,249,000	'	'	'	'
Balance at the end of the period	23,111,000	18,388,000	'	'	'	'
Changes in entity's subcontractor insurance reserves	'	'	'	'	'	'
Balance at the beginning of period	'	'	13,857,000	14,813,000	'	'
Insurance expense provisions or adjustments	'	'	1,900,000	0	'	'
Loss expenses paid	'	'	-665,000	-483,000	'	'
Balance at the end of period	'	'	15,092,000	14,330,000	'	'
Changes in entity's legal reserves	'	'	'	'	'	'
Legal reserves	'	'	'	'	16,200,000	17,200,000
Reasonably possible losses in excess of amounts accrued	'	'	'	'	$9,000,000	'

Supplemental_Guarantor_Informa2

Supplemental Guarantor Information (Details)	3 Months Ended
	Mar. 31, 2014
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Ownership interest in subsidiaries (as a percent)	100.00%
5.4 percent senior notes due January 2015	'
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Interest rate stated percentage	5.40%
8.4 percent senior notes due May 2017	'
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Interest rate stated percentage	8.40%
1.6 percent convertible senior notes due May 2018	'
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Interest rate stated percentage	1.60%
0.25 percent convertible senior notes due June 2019	'
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Interest rate stated percentage	0.25%
6.6 percent senior notes due May 2020	'
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Interest rate stated percentage	6.60%
5.4 percent senior notes due October 2022	'
Interest rate on obligations of the parent, guaranteed by the Guarantor Subsidiaries	'
Interest rate stated percentage	5.40%

Supplemental_Guarantor_Informa3

Supplemental Guarantor Information (Details 2) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATING STATEMENT OF EARNING	'	'
REVENUES	$489,683	$374,680
EXPENSES	452,402	353,473
OTHER INCOME	889	996
Income from continuing operations before taxes	38,170	22,203
Tax expense (benefit)	14,643	199
Equity in net earnings of subsidiaries	0	0
NET INCOME FROM CONTINUING OPERATIONS	23,527	22,004
Income from discontinued operations, net of taxes	0	113
NET INCOME	23,527	22,117
CONSOLIDATING ELIMINATIONS	'	'
CONSOLIDATING STATEMENT OF EARNING	'	'
REVENUES	-9,156	-7,836
EXPENSES	-9,156	-7,836
OTHER INCOME	0	0
Income from continuing operations before taxes	0	0
Tax expense (benefit)	0	0
Equity in net earnings of subsidiaries	-9,823	-12,522
NET INCOME FROM CONTINUING OPERATIONS	-9,823	-12,522
Income from discontinued operations, net of taxes	'	-53
NET INCOME	-9,823	-12,575
TRG, INC. | Reportable legal entities	'	'
CONSOLIDATING STATEMENT OF EARNING	'	'
REVENUES	250,407	202,298
EXPENSES	228,870	193,620
OTHER INCOME	695	890
Income from continuing operations before taxes	22,232	9,568
Tax expense (benefit)	8,528	86
Equity in net earnings of subsidiaries	9,823	12,522
NET INCOME FROM CONTINUING OPERATIONS	23,527	22,004
Income from discontinued operations, net of taxes	'	113
NET INCOME	23,527	22,117
GUARANTOR SUBSIDIARIES | Reportable legal entities	'	'
CONSOLIDATING STATEMENT OF EARNING	'	'
REVENUES	240,234	169,039
EXPENSES	223,079	160,831
OTHER INCOME	194	106
Income from continuing operations before taxes	17,349	8,314
Tax expense (benefit)	6,656	74
Equity in net earnings of subsidiaries	0	0
NET INCOME FROM CONTINUING OPERATIONS	10,693	8,240
Income from discontinued operations, net of taxes	'	53
NET INCOME	10,693	8,293
NON-GUARANTOR SUBSIDIARIES | Reportable legal entities	'	'
CONSOLIDATING STATEMENT OF EARNING	'	'
REVENUES	8,198	11,179
EXPENSES	9,609	6,858
OTHER INCOME	0	0
Income from continuing operations before taxes	-1,411	4,321
Tax expense (benefit)	-541	39
Equity in net earnings of subsidiaries	0	0
NET INCOME FROM CONTINUING OPERATIONS	-870	4,282
Income from discontinued operations, net of taxes	'	0
NET INCOME	($870)	$4,282

Supplemental_Guarantor_Informa4

Supplemental Guarantor Information (Details 3) (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'
Net income	$23,527,000	$22,117,000
Other comprehensive income (loss), net of tax:	'	'
Amortization of actuarial loss on defined benefit pension plan, net	5,000	0
Unrealized gain (loss) on marketable securities, available-for-sale, net	188,000	-124,000
Other comprehensive income (loss), net of tax	193,000	-124,000
Comprehensive income	23,720,000	21,993,000
CONSOLIDATING ELIMINATIONS	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'
Net income	-9,823,000	-12,575,000
Other comprehensive income (loss), net of tax:	'	'
Amortization of actuarial loss on defined benefit pension plan, net	0	'
Unrealized gain (loss) on marketable securities, available-for-sale, net	0	0
Other comprehensive income (loss), net of tax	0	0
Comprehensive income	-9,823,000	-12,575,000
TRG, INC. | Reportable legal entities	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'
Net income	23,527,000	22,117,000
Other comprehensive income (loss), net of tax:	'	'
Amortization of actuarial loss on defined benefit pension plan, net	5,000	'
Unrealized gain (loss) on marketable securities, available-for-sale, net	188,000	-124,000
Other comprehensive income (loss), net of tax	193,000	-124,000
Comprehensive income	23,720,000	21,993,000
GUARANTOR SUBSIDIARIES | Reportable legal entities	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'
Net income	10,693,000	8,293,000
Other comprehensive income (loss), net of tax:	'	'
Amortization of actuarial loss on defined benefit pension plan, net	0	'
Unrealized gain (loss) on marketable securities, available-for-sale, net	0	0
Other comprehensive income (loss), net of tax	0	0
Comprehensive income	10,693,000	8,293,000
NON-GUARANTOR SUBSIDIARIES | Reportable legal entities	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'
Net income	-870,000	4,282,000
Other comprehensive income (loss), net of tax:	'	'
Amortization of actuarial loss on defined benefit pension plan, net	0	'
Unrealized gain (loss) on marketable securities, available-for-sale, net	0	0
Other comprehensive income (loss), net of tax	0	0
Comprehensive income	($870,000)	$4,282,000

Supplemental_Guarantor_Informa5

Supplemental Guarantor Information (Details 4) (USD $)	Mar. 31, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
ASSETS	'	'
Cash and cash equivalents	$259,153	$227,986
Marketable securities and restricted cash	349,942	403,189
Consolidated inventory owned	1,715,024	1,616,607
Consolidated inventory not owned	34,469	33,176
Total housing inventories	1,749,493	1,649,783
Investment in subsidiaries	0	0
Intercompany receivables	0	0
Other assets	416,142	499,354
Assets of discontinued operations	0	30
TOTAL ASSETS	2,774,730	2,780,342
LIABILITIES	'	'
Accounts payable and other accrued liabilities	348,354	385,521
Financial services credit facility	59,119	73,084
Debt	1,397,553	1,397,308
Intercompany payables	0	0
Liabilities of discontinued operations	0	504
TOTAL LIABILITIES	1,805,026	1,856,417
EQUITY	'	'
STOCKHOLDERS' EQUITY	952,384	908,046
NONCONTROLLING INTEREST	17,320	15,879
TOTAL LIABILITIES AND EQUITY	2,774,730	2,780,342
CONSOLIDATING ELIMINATIONS	'	'
ASSETS	'	'
Cash and cash equivalents	0	0
Marketable securities and restricted cash	0	0
Consolidated inventory owned	0	0
Consolidated inventory not owned	0	0
Total housing inventories	0	0
Investment in subsidiaries	-378,441	-369,580
Intercompany receivables	-520,337	-517,057
Other assets	0	0
Assets of discontinued operations	0	0
TOTAL ASSETS	-898,778	-886,637
LIABILITIES	'	'
Accounts payable and other accrued liabilities	0	0
Financial services credit facility	0	0
Debt	0	0
Intercompany payables	-520,337	-517,057
Liabilities of discontinued operations	0	0
TOTAL LIABILITIES	-520,337	-517,057
EQUITY	'	'
STOCKHOLDERS' EQUITY	-378,441	-369,580
NONCONTROLLING INTEREST	0	0
TOTAL LIABILITIES AND EQUITY	-898,778	-886,637
TRG, INC. | Reportable legal entities	'	'
ASSETS	'	'
Cash and cash equivalents	25,732	25,521
Marketable securities and restricted cash	324,150	377,267
Consolidated inventory owned	1,030,749	955,943
Consolidated inventory not owned	17,149	17,297
Total housing inventories	1,047,898	973,240
Investment in subsidiaries	378,441	369,580
Intercompany receivables	515,198	517,057
Other assets	280,140	290,153
Assets of discontinued operations	0	0
TOTAL ASSETS	2,571,559	2,552,818
LIABILITIES	'	'
Accounts payable and other accrued liabilities	221,622	247,328
Financial services credit facility	0	0
Debt	1,397,553	1,397,308
Intercompany payables	0	0
Liabilities of discontinued operations	0	136
TOTAL LIABILITIES	1,619,175	1,644,772
EQUITY	'	'
STOCKHOLDERS' EQUITY	952,384	908,046
NONCONTROLLING INTEREST	0	0
TOTAL LIABILITIES AND EQUITY	2,571,559	2,552,818
GUARANTOR SUBSIDIARIES | Reportable legal entities	'	'
ASSETS	'	'
Cash and cash equivalents	224,129	193,356
Marketable securities and restricted cash	0	0
Consolidated inventory owned	684,275	660,664
Consolidated inventory not owned	0	0
Total housing inventories	684,275	660,664
Investment in subsidiaries	0	0
Intercompany receivables	0	0
Other assets	53,540	54,052
Assets of discontinued operations	0	30
TOTAL ASSETS	961,944	908,102
LIABILITIES	'	'
Accounts payable and other accrued liabilities	94,851	106,420
Financial services credit facility	0	0
Debt	0	0
Intercompany payables	520,337	465,252
Liabilities of discontinued operations	0	368
TOTAL LIABILITIES	615,188	572,040
EQUITY	'	'
STOCKHOLDERS' EQUITY	346,756	336,062
NONCONTROLLING INTEREST	0	0
TOTAL LIABILITIES AND EQUITY	961,944	908,102
NON-GUARANTOR SUBSIDIARIES | Reportable legal entities	'	'
ASSETS	'	'
Cash and cash equivalents	9,292	9,109
Marketable securities and restricted cash	25,792	25,922
Consolidated inventory owned	0	0
Consolidated inventory not owned	17,320	15,879
Total housing inventories	17,320	15,879
Investment in subsidiaries	0	0
Intercompany receivables	5,139	0
Other assets	82,462	155,149
Assets of discontinued operations	0	0
TOTAL ASSETS	140,005	206,059
LIABILITIES	'	'
Accounts payable and other accrued liabilities	31,881	31,773
Financial services credit facility	59,119	73,084
Debt	0	0
Intercompany payables	0	51,805
Liabilities of discontinued operations	0	0
TOTAL LIABILITIES	91,000	156,662
EQUITY	'	'
STOCKHOLDERS' EQUITY	31,685	33,518
NONCONTROLLING INTEREST	17,320	15,879
TOTAL LIABILITIES AND EQUITY	$140,005	$206,059

Supplemental_Guarantor_Informa6

Supplemental Guarantor Information (Details 5) (USD $)	3 Months Ended
In Thousands, unless otherwise specified	Mar. 31, 2014		Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income (loss) from continuing operations	$23,527		$22,004
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	10,805		209
Changes in assets and liabilities	-59,204		-30,240
Other operating activities, net	-162		-197
Net cash used for operating activities from continuing operations	-25,034		-8,224
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
(Contributions to) return of investment in unconsolidated joint ventures, net	-31		165
Additions to property, plant and equipment	-4,704		-3,819
Purchases of marketable securities, available-for-sale	-119,344		-180,965
Proceeds from sales and maturities of marketable securities, available-for-sale	169,487		206,267
Net cash provided by investing activities from continuing operations	45,408		21,648
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Increase (decrease) in debt	78		-1,462
Repayments of borrowings against revolving credit facilities, net	-13,965		0
Common stock dividends and stock-based compensation	19,899		13,095
Decrease (increase) in restricted cash	4,781		-711
Intercompany balances	0		0
Net cash provided by financing activities from continuing operations	10,793		10,922
Net increase in cash and cash equivalents from continuing operations	31,167		24,346
Cash flows from operating activities-discontinued operations	-27		-15
Cash flows from investing activities-discontinued operations	0		15
Cash flows from financing activities-discontinued operations	0		0
Cash and cash equivalents at beginning of period	228,013	[1]	158,114	[1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD	259,153	[2]	182,460	[2]
CONSOLIDATING ELIMINATIONS	'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income (loss) from continuing operations	-9,823		-12,522
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	0		0
Changes in assets and liabilities	9,823		12,522
Other operating activities, net	0		0
Net cash used for operating activities from continuing operations	0		0
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
(Contributions to) return of investment in unconsolidated joint ventures, net	0		0
Additions to property, plant and equipment	0		0
Purchases of marketable securities, available-for-sale	0		0
Proceeds from sales and maturities of marketable securities, available-for-sale	0		0
Net cash provided by investing activities from continuing operations	0		0
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Increase (decrease) in debt	0		0
Repayments of borrowings against revolving credit facilities, net	0		'
Common stock dividends and stock-based compensation	0		0
Decrease (increase) in restricted cash	0		0
Intercompany balances	0		0
Net cash provided by financing activities from continuing operations	0		0
Net increase in cash and cash equivalents from continuing operations	0		0
Cash flows from operating activities-discontinued operations	0		0
Cash flows from investing activities-discontinued operations	0		0
Cash flows from financing activities-discontinued operations	0		0
Cash and cash equivalents at beginning of period	0		0
CASH AND CASH EQUIVALENTS AT END OF PERIOD	0		0
TRG, INC. | Reportable legal entities	'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income (loss) from continuing operations	23,527		22,004
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	8,546		-1,511
Changes in assets and liabilities	-104,702		-39,912
Other operating activities, net	-162		-197
Net cash used for operating activities from continuing operations	-72,791		-19,616
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
(Contributions to) return of investment in unconsolidated joint ventures, net	-31		165
Additions to property, plant and equipment	-3,596		-1,992
Purchases of marketable securities, available-for-sale	-118,544		-179,915
Proceeds from sales and maturities of marketable securities, available-for-sale	168,212		204,843
Net cash provided by investing activities from continuing operations	46,041		23,101
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Increase (decrease) in debt	78		-1,462
Repayments of borrowings against revolving credit facilities, net	0		'
Common stock dividends and stock-based compensation	19,899		13,095
Decrease (increase) in restricted cash	5,126		-977
Intercompany balances	1,858		-22,857
Net cash provided by financing activities from continuing operations	26,961		-12,201
Net increase in cash and cash equivalents from continuing operations	211		-8,716
Cash flows from operating activities-discontinued operations	0		0
Cash flows from investing activities-discontinued operations	0		0
Cash flows from financing activities-discontinued operations	0		0
Cash and cash equivalents at beginning of period	25,521		32,130
CASH AND CASH EQUIVALENTS AT END OF PERIOD	25,732		23,414
GUARANTOR SUBSIDIARIES | Reportable legal entities	'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income (loss) from continuing operations	10,693		8,240
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	2,157		1,675
Changes in assets and liabilities	-36,059		-50,725
Other operating activities, net	0		0
Net cash used for operating activities from continuing operations	-23,209		-40,810
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
(Contributions to) return of investment in unconsolidated joint ventures, net	0		0
Additions to property, plant and equipment	-1,104		-1,613
Purchases of marketable securities, available-for-sale	0		0
Proceeds from sales and maturities of marketable securities, available-for-sale	0		0
Net cash provided by investing activities from continuing operations	-1,104		-1,613
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Increase (decrease) in debt	0		0
Repayments of borrowings against revolving credit facilities, net	0		'
Common stock dividends and stock-based compensation	0		0
Decrease (increase) in restricted cash	0		0
Intercompany balances	55,086		74,371
Net cash provided by financing activities from continuing operations	55,086		74,371
Net increase in cash and cash equivalents from continuing operations	30,773		31,948
Cash flows from operating activities-discontinued operations	-27		-15
Cash flows from investing activities-discontinued operations	0		15
Cash flows from financing activities-discontinued operations	0		0
Cash and cash equivalents at beginning of period	193,383		117,865
CASH AND CASH EQUIVALENTS AT END OF PERIOD	224,129		149,813
NON-GUARANTOR SUBSIDIARIES | Reportable legal entities	'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income (loss) from continuing operations	-870		4,282
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	102		45
Changes in assets and liabilities	71,734		47,875
Other operating activities, net	0		0
Net cash used for operating activities from continuing operations	70,966		52,202
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
(Contributions to) return of investment in unconsolidated joint ventures, net	0		0
Additions to property, plant and equipment	-4		-214
Purchases of marketable securities, available-for-sale	-800		-1,050
Proceeds from sales and maturities of marketable securities, available-for-sale	1,275		1,424
Net cash provided by investing activities from continuing operations	471		160
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Increase (decrease) in debt	0		0
Repayments of borrowings against revolving credit facilities, net	-13,965		'
Common stock dividends and stock-based compensation	0		0
Decrease (increase) in restricted cash	-345		266
Intercompany balances	-56,944		-51,514
Net cash provided by financing activities from continuing operations	-71,254		-51,248
Net increase in cash and cash equivalents from continuing operations	183		1,114
Cash flows from operating activities-discontinued operations	0		0
Cash flows from investing activities-discontinued operations	0		0
Cash flows from financing activities-discontinued operations	0		0
Cash and cash equivalents at beginning of period	9,109		8,119
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$9,292		$9,233
[1]	Includes cash and cash equivalents of $27,000 associated with discontinued operations at December 31, 2013 and 2012.
[2]	Includes cash and cash equivalents of $27,000 associated with discontinued operations at March 31, 2013.

Transactions_with_Affiliates_D

Transactions with Affiliates (Details) (Affiliates of the Company's Philadelphia division, Promissory notes, USD $)	Mar. 31, 2014	Dec. 31, 2013	Dec. 31, 2013
			Maximum
Transactions with Affiliates	'	'	'
Amount of notes receivable	'	$1,500,000	'
Notes receivable term	'	'	'3 years
Outstanding balance	$364,000	$1,300,000	'

Subsequent_Event_Details

Subsequent Event (Details) (Subsequent event, RMCMC, Warehouse line of credit, Comerica Bank, USD $)	Apr. 30, 2014
In Millions, unless otherwise specified
Subsequent event | RMCMC | Warehouse line of credit | Comerica Bank	'
Subsequent Event	'
Maximum borrowing capacity	$50