Ryland Inactive 10-Q29 Oct 142014 Q3 Quarterly reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information	9 Months Ended
Document and Entity Information	Sep. 30, 2014	Oct. 28, 2014
Document and Entity Information	'	'
Entity Registrant Name	'RYLAND GROUP INC	'
Entity Central Index Key	'0000085974	'
Document Type	'10-Q	'
Document Period End Date	30-Sep-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	'	46,112,214
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q3	'

CONSOLIDATED_STATEMENTS_OF_EAR

CONSOLIDATED STATEMENTS OF EARNINGS (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
REVENUES	'	'	'	'
Homebuilding	$668,238	$562,909	$1,715,967	$1,404,401
Financial services	11,954	13,514	31,297	39,697
TOTAL REVENUES	680,192	576,423	1,747,264	1,444,098
EXPENSES	'	'	'	'
Cost of sales	519,893	447,077	1,346,083	1,119,487
Selling, general and administrative	75,032	67,215	204,846	176,820
Financial services	7,386	7,497	30,074	21,733
Interest	0	1,277	0	8,120
TOTAL EXPENSES	602,311	523,066	1,581,003	1,326,160
OTHER INCOME	'	'	'	'
Gain from marketable securities, net	421	148	1,254	1,414
Other income	640	481	1,800	1,116
TOTAL OTHER INCOME	1,061	629	3,054	2,530
Income from continuing operations before taxes	78,942	53,986	169,315	120,468
Tax expense (benefit)	30,414	428	65,218	-186,325
NET INCOME FROM CONTINUING OPERATIONS	48,528	53,558	104,097	306,793
Income from discontinued operations, net of taxes	0	91	0	167
NET INCOME	$48,528	$53,649	$104,097	$306,960
NET INCOME PER COMMON SHARE	'	'	'	'
Basic (in dollars per share)	$1.04	$1.16	$2.23	$6.67
Diluted (in dollars per share)	$0.85	$0.95	$1.84	$5.55
AVERAGE COMMON SHARES OUTSTANDING	'	'	'	'
Basic (in shares)	46,613,492	46,174,767	46,702,982	45,882,932
Diluted (in shares)	58,211,583	57,678,989	58,349,280	55,658,536
DIVIDENDS DECLARED PER COMMON SHARE (in dollars per share)	$0.03	$0.03	$0.09	$0.09

CONSOLIDATED_STATEMENTS_OF_OTH

CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATED STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'	'	'
Net income	$48,528	$53,649	$104,097	$306,960
Other comprehensive (loss) income, net of tax:	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	4	0	13	0
Unrealized (loss) gain on marketable securities, available-for-sale, net	-224	686	200	-289
Other comprehensive (loss) income, net of tax	-220	686	213	-289
Comprehensive income	$48,308	$54,335	$104,310	$306,671

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Cash, cash equivalents and marketable securities	'	'
Cash and cash equivalents	$177,698	$227,986
Restricted cash	109,246	90,034
Marketable securities, available-for-sale	214,088	313,155
Total cash, cash equivalents and marketable securities	501,032	631,175
Housing inventories	'	'
Homes under construction	933,963	643,357
Land under development and improved lots	1,075,106	973,250
Consolidated inventory not owned	31,325	33,176
Total housing inventories	2,040,394	1,649,783
Property, plant and equipment	29,406	25,437
Mortgage loans held-for-sale	87,141	139,576
Net deferred taxes	126,432	185,904
Other	152,249	148,437
Assets of discontinued operations	0	30
TOTAL ASSETS	2,936,654	2,780,342
LIABILITIES	'	'
Accounts payable	221,755	172,841
Accrued and other liabilities	215,205	212,680
Financial services credit facilities	79,228	73,084
Debt	1,402,880	1,397,308
Liabilities of discontinued operations	0	504
TOTAL LIABILITIES	1,919,068	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-46,087,214 shares at September 30, 2014 (46,234,809 shares at December 31, 2013)	46,087	46,235
Retained earnings	957,845	862,968
Accumulated other comprehensive loss	-944	-1,157
TOTAL STOCKHOLDERS' EQUITY FOR THE RYLAND GROUP, INC.	1,002,988	908,046
NONCONTROLLING INTEREST	14,598	15,879
TOTAL EQUITY	1,017,586	923,925
TOTAL LIABILITIES AND EQUITY	$2,936,654	$2,780,342

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Sep. 30, 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	46,087,214	46,234,809

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'		'
Net income from continuing operations	$104,097		$306,793
Adjustments to reconcile net income from continuing operations to net cash used for operating activities:	'		'
Depreciation and amortization	16,038		14,476
Inventory and other asset impairments and write-offs	1,383		1,070
Realized gain on marketable securities	-662		-443
Decrease in deferred tax valuation allowance	0		-232,939
Stock-based compensation expense	13,711		13,690
Changes in assets and liabilities:	'		'
Increase in inventories	-396,186		-466,429
Decrease in mortgage loans held-for-sale	52,435		21,487
Decrease in deferred income taxes	59,472		45,466
Net change in other assets, payables and other liabilities	31,539		69,285
Other operating activities, net	-883		-728
Net cash used for operating activities from continuing operations	-119,056		-228,272
CASH FLOWS FROM INVESTING ACTIVITIES	'		'
Contributions to unconsolidated joint ventures	-128		-5,122
Return of investment in unconsolidated joint ventures	900		1,683
Additions to property, plant and equipment	-15,990		-14,475
Purchases of marketable securities, available-for-sale	-367,851		-615,755
Proceeds from sales and maturities of marketable securities, available-for-sale	470,557		634,272
Cash paid to acquire a business	0		-50,887
Net cash provided by (used for) investing activities from continuing operations	87,488		-50,284
CASH FLOWS FROM FINANCING ACTIVITIES	'		'
Cash proceeds of long-term debt	0		267,500
Borrowings against revolving credit facilities, net	6,144		0
Increase (decrease) in short-term borrowings	5,061		-4,549
Common stock dividends	-4,246		-4,144
Common stock repurchases	-29,688		0
Issuance of common stock under stock-based compensation	23,275		27,391
Increase in restricted cash	-19,212		-21,155
Other financing activities	-54		-43
Net cash (used for) provided by financing activities from continuing operations	-18,720		265,000
Net decrease in cash and cash equivalents from continuing operations	-50,288		-13,556
Cash flows from operating activities-discontinued operations	-27		-24
Cash flows from investing activities-discontinued operations	0		24
Cash and cash equivalents at beginning of period	228,013	[1]	158,114	[1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD	177,698	[2]	144,558	[2]
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION	'		'
Cash paid for income taxes	-4,357		-2,303
SUPPLEMENTAL DISCLOSURES OF NONCASH ACTIVITIES	'		'
Decrease in consolidated inventory not owned related to land options	$1,281		$5,693

[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 September 30, 2013.

CONSOLIDATED_STATEMENTS_OF_CAS1

CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) (USD $)	Dec. 31, 2013	Sep. 30, 2013	Dec. 31, 2012
CONSOLIDATED STATEMENTS OF CASH FLOWS	'	'	'
Cash and cash equivalents - discontinued operations	$27,000	$27,000	$27,000

CONSOLIDATED_STATEMENT_OF_STOC

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (USD $)	Total	COMMON STOCK	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
In Thousands, unless otherwise specified	Total	COMMON STOCK	RETAINED EARNINGS	ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME
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	104,097	0	104,097	0	[1]
Other comprehensive income, net of tax	213	0	0	213	[1]
Common stock dividends (per share $0.09)	-4,231	0	-4,231	0	[1]
Stock-based compensation	24,551	712	23,839	0	[1]
Repurchase of common stock	-29,688	-860	-28,828	0	[1]
NONCONTROLLING INTEREST	14,598	'	'	'
TOTAL EQUITY BALANCE at Sep. 30, 2014	1,017,586	'	'	'
STOCKHOLDERS' EQUITY BALANCE at Sep. 30, 2014	$1,002,988	$46,087	$957,845	($944)	[1]

[1]	At September 30, 2014, the balance in accumulated other comprehensive loss was comprised of an unrealized actuarial loss on the defined benefit pension plan of $1.0 million, net of taxes of $632,000, and an unrealized gain on marketable securities, available-for-sale of $77,000. At December 31, 2013, the balance in accumulated other comprehensive loss was comprised of an unrealized actuarial loss on the 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_STATEMENT_OF_STOC1

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Parenthetical) (ACCUMULATED OTHER COMPREHENSIVE (LOSS) INCOME, USD $)	9 Months Ended	12 Months Ended
	Sep. 30, 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	632,000	640,000
Unrealized (loss) gain on marketable securities, available-for-sale, net	$77,000	($123,000)

Consolidated_Financial_Stateme

Consolidated Financial Statements	9 Months Ended
Consolidated Financial Statements	Sep. 30, 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. (See “Critical Accounting Policies” within Management’s Discussion and Analysis of Financial Condition and Results of Operations.)

	The Consolidated Balance Sheet at September 30, 2014, the Consolidated Statements of Earnings and Other Comprehensive Income for the three- and nine-month periods ended September 30, 2014 and 2013, the Consolidated Statements of Cash Flows for the nine-month periods ended September 30, 2014 and 2013, and the Consolidated Statement of Stockholders’ Equity as of and for the nine-month period ended September 30, 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 September 30, 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 and nine months ended September 30, 2014, are not necessarily indicative of the operating results expected for the year ending December 31, 2014.

Other_Income

Other Income	9 Months Ended
Other Income	Sep. 30, 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 $640,000 and $481,000 for the three-month periods ended September 30, 2014 and 2013, respectively, and $1.8 million and $1.1 million for the nine-month periods ended September 30, 2014 and 2013, respectively.

Comprehensive_Income

Comprehensive Income	9 Months Ended
Comprehensive Income	Sep. 30, 2014
Comprehensive Income	'
Comprehensive Income	'
	Note 3. Comprehensive Income

	Comprehensive income consists of net income; amortization of actuarial loss on the defined benefit pension plan; and the increase or decrease in unrealized gains or losses on available-for-sale marketable securities. Comprehensive income totaled $48.3 million and $54.3 million for the three-month periods ended September 30, 2014 and 2013, respectively, and $104.3 million and $306.7 million for the nine-month periods ended September 30, 2014 and 2013, respectively.

Accumulated_Other_Comprehensiv

Accumulated Other Comprehensive Loss	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Loss	'
Accumulated Other Comprehensive Loss	'
	Note 4. Accumulated Other Comprehensive Loss

	Accumulated other comprehensive loss consists of the actuarial loss on the defined benefit pension plan and unrealized gains or losses on available-for-sale marketable securities, as reported within the Consolidated Statement of Stockholders’ Equity. Changes in accumulated other comprehensive loss are reported as other comprehensive income or loss within the Consolidated Statements of Other Comprehensive Income.

	Reclassification adjustments, which represent realized gains or losses on the sales of available-for-sale marketable securities, netted a gain of $139,000 for the three-month period ended September 30, 2014, compared to a net loss of $253,000 for the same period in 2013. Reclassification adjustments netted gains of $311,000 and $88,000 for the nine-month periods ended September 30, 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 (loss) income for the three- and nine-month periods ended September 30, 2014 and 2013:

					THREE MONTHS ENDED SEPTEMBER 30, 2014
	(in thousands)		GROSS OTHER					TAX BENEFIT				NET OTHER
			COMPREHENSIVE									COMPREHENSIVE
			(LOSS) INCOME									(LOSS) INCOME
	Amortization of actuarial loss on defined benefit pension plan			$		6			$	(2	)		$	4
	Unrealized loss on marketable securities, available-for-sale:
		Unrealized loss on marketable securities, available-for-sale		(85			)		-				(85		)
		Less: reclassification adjustments for gains included in net income		(139			)		-				(139		)
		Total unrealized loss on marketable securities, available-for-sale		(224			)		-				(224		)
	Other comprehensive loss			$		(218	)		$	(2	)		$	(220	)

				NINE MONTHS ENDED SEPTEMBER 30, 2014
	Amortization of actuarial loss on defined benefit pension plan			$		21			$	(8	)		$	13
	Unrealized gain on marketable securities, available-for-sale:
		Unrealized gain on marketable securities, available-for-sale		511					-				511
		Less: reclassification adjustments for gains included in net income		(311			)		-				(311		)
		Total unrealized gain on marketable securities, available-for-sale		200					-				200
	Other comprehensive income			$		221			$	(8	)		$	213

				THREE MONTHS ENDED SEPTEMBER 30, 2013
	Unrealized gain on marketable securities, available-for-sale:
		Unrealized gain on marketable securities, available-for-sale		$		433			$	-			$	433
		Less: reclassification adjustments for losses included in net income		253					-				253
		Total unrealized gain on marketable securities, available-for-sale		686					-				686
	Other comprehensive income			$		686			$	-			$	686

							NINE MONTHS ENDED SEPTEMBER 30, 2013
	Unrealized loss on marketable securities, available-for-sale:
		Unrealized loss on marketable securities, available-for-sale		$		(201	)		$	-			$	(201	)
		Less: reclassification adjustments for gains included in net income		(88			)		-				(88		)
		Total unrealized loss on marketable securities, available-for-sale		(289			)		-				(289		)
	Other comprehensive loss			$		(289	)		$	-			$	(289	)

Cash_Cash_Equivalents_and_Rest

Cash, Cash Equivalents and Restricted Cash	9 Months Ended
Cash, Cash Equivalents and Restricted Cash	Sep. 30, 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 $177.7 million and $228.0 million at September 30, 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 September 30, 2014 and December 31, 2013, the Company had restricted cash of $109.2 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 $108.7 million and $89.5 million at September 30, 2014 and December 31, 2013, respectively. In addition, Ryland Mortgage Company and RMC Mortgage Corporation and its subsidiaries (“RMCMC”), collectively referred to as “RMC,” had restricted cash that were related to funds held in trust for third parties of $538,000 and $487,000 at September 30, 2014 and December 31, 2013, respectively.

Segment_Information

Segment Information	9 Months Ended
Segment Information	Sep. 30, 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, along with certain assets and liabilities relating to employee benefit plans, are allocated to the homebuilding and financial services segments.

	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.”

	Selected Segment Information

		THREE MONTHS ENDED							NINE MONTHS ENDED
		SEPTEMBER 30,							SEPTEMBER 30,
	(in thousands)	2014			2013				2014			2013
	REVENUES
	Homebuilding
	North	$	193,066		$	178,318			$	480,741		$	421,818
	Southeast	181,821			159,778				449,279			395,605
	Texas	142,465			119,993				378,754			297,543
	West	150,886			104,820				407,193			289,435
	Financial services	11,954			13,514				31,297			39,697
	Total	$	680,192		$	576,423			$	1,747,264		$	1,444,098
	EARNINGS (LOSS) BEFORE TAXES
	Homebuilding
	North	$	24,422		$	15,261			$	50,170		$	31,342
	Southeast	24,864			17,392				56,984			36,507
	Texas	12,952			9,879				30,375			23,651
	West	18,498			12,217				49,371			30,189
	Financial services	4,632			6,017				1,312			17,964
	Corporate and unallocated	(6,426		)	(6,780		)		(18,897		)	(19,185		)
	Total	$	78,942		$	53,986			$	169,315		$	120,468

	The following table provides the Company’s total assets by segment at September 30, 2014 and December 31, 2013:

		30-Sep-14
	(in thousands)	HOUSING			OTHER ASSETS			TOTAL ASSETS
	(in thousands)	INVENTORIES			OTHER ASSETS			TOTAL ASSETS
	Homebuilding
	North	$	589,415		$	51,239		$	640,654
	Southeast	528,715			29,888			558,603
	Texas	359,730			39,324			399,054
	West	562,534			33,358			595,892
	Financial services	-			136,398			136,398
	Corporate and unallocated	-			606,053			606,053
	Total	$	2,040,394		$	896,260		$	2,936,654

	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	9 Months Ended
	Sep. 30, 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 with nonforfeitable rights to dividends are considered participating securities in accordance with ASC 260. As all of the nonvested shares of restricted stock with nonforfeitable rights to dividends vested in March 2014, the Company had no outstanding participating securities during the three-month period ended September 30, 2014.

	The following table displays the computation of basic and diluted earnings per share:

		THREE MONTHS ENDED					NINE MONTHS ENDED
		SEPTEMBER 30,					SEPTEMBER 30,
	(in thousands, except share data)	2014		2013			2014			2013
	NUMERATOR
	Net income from continuing operations	$	48,528	$	53,558		$	104,097		$	306,793
	Net income from discontinued operations	-		91			-			167
	Less: distributed earnings allocated to nonvested restricted stock	-		(3		)	-			(10		)
	Less: undistributed earnings allocated to nonvested restricted stock	-		(119		)	(44		)	(997		)
	Numerator for basic earnings per share	48,528		53,527			104,053			305,953
	Plus: interest on 1.6 percent convertible senior notes due 2018	729		729			2,187			2,187
	Plus: interest on 0.25 percent convertible senior notes due 2019	299		297			898			407
	Plus: undistributed earnings allocated to nonvested restricted stock	-		119			44			997
	Less: undistributed earnings reallocated to nonvested restricted stock	-		(96		)	(35		)	(824		)
	Numerator for diluted earnings per share	$	49,556	$	54,576		$	107,147		$	308,720

	DENOMINATOR
	Basic earnings per share—weighted-average shares	46,613,492		46,174,767			46,702,982			45,882,932
	Effect of dilutive securities:
	Share-based payments	1,008,349		914,480			1,056,556			995,257
	1.6 percent convertible senior notes due 2018	7,023,780		7,023,780			7,023,780			7,023,780
	0.25 percent convertible senior notes due 2019	3,565,962		3,565,962			3,565,962			1,756,567
	Diluted earnings per share—adjusted weighted-average
	shares and assumed conversions	58,211,583		57,678,989			58,349,280			55,658,536

	NET INCOME PER COMMON SHARE
	Basic	$	1.04	$	1.16		$	2.23		$	6.67
	Diluted	$	0.85	$	0.95		$	1.84		$	5.55

Marketable_Securities_Availabl

Marketable Securities, Available-for-sale	9 Months Ended
	Sep. 30, 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. Gross unrealized losses related to those securities have been in continuous unrealized loss positions for less than 12 months. At September 30, 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 September 30, 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 $421,000 and $148,000, respectively. For the nine-month periods ended September 30, 2014 and 2013, net realized earnings totaled $1.3 million and $1.4 million, 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, which are a component of other comprehensive income. (See Note 4, “Accumulated Other Comprehensive Loss.”)

	The following table displays the fair values of marketable securities, available-for-sale, by type of security:

		SEPTEMBER 30, 2014
	(in thousands)	AMORTIZED		GROSS		GROSS			ESTIMATED
		COST		UNREALIZED		UNREALIZED			FAIR VALUE
				GAINS		LOSSES
	Type of security:
	U.S. Treasury securities	$	19,223	$	4	$	(3	)	$	19,224
	Obligations of U.S. government agencies	21,039		1		(26		)	21,014
	Municipal debt securities	13,099		1,436		(310		)	14,225
	Corporate debt securities	132,101		59		(80		)	132,080
	Asset-backed securities	17,450		89		(12		)	17,527
	Total debt securities	202,912		1,589		(431		)	204,070
	Time deposits	2		-		-			2
	Short-term pooled investments	10,015		1		-			10,016
	Total marketable securities, available-for-sale	$	212,929	$	1,590	$	(431	)	$	214,088

		DECEMBER 31, 2013
	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)	SEPTEMBER 30, 2014		DECEMBER 31, 2013
	Contractual maturity:
	Maturing in one year or less	$	80,094	$	129,384
	Maturing after one year through three years	100,249		154,169
	Maturing after three years	23,727		21,363
	Total debt securities	204,070		304,916
	Time deposits and short-term pooled investments	10,018		8,239
	Total marketable securities, available-for-sale	$	214,088	$	313,155

Housing_Inventories

Housing Inventories	9 Months Ended
Housing Inventories	Sep. 30, 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; certain 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 absorption 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 may be 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. 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 September 30, 2014 and December 31, 2013, valuation reserves related to impaired inventories totaled $134.2 million and $154.8 million, respectively. The net carrying values of the related inventories totaled $160.0 million and $155.9 million at September 30, 2014 and December 31, 2013, respectively.

	The Company periodically writes off earnest money deposits and preacquisition feasibility costs related to land and lot option purchase contracts that it no longer plans to pursue. During the third quarters of 2014 and 2013, the Company wrote off preacquisition feasibility costs of $410,000 and $463,000, respectively. Should homebuilding market conditions weaken or the Company be unsuccessful in renegotiating certain land option purchase contracts, it may write off additional earnest money deposits and preacquisition feasibility costs in future periods.

	Interest and taxes are capitalized during active development and construction stages, and are included in land costs within cost of sales 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	51,443			42,303
	Interest amortized to cost of sales	(34,625		)	(37,153		)
	Capitalized interest at September 30	$	106,437		$	87,923
	Interest incurred	$	52,194		$	50,874

	The following table summarizes each reporting segment’s total number of lots owned and lots controlled under option agreements:

		SEPTEMBER 30, 2014						DECEMBER 31, 2013
		LOTS		LOTS				LOTS	LOTS
		OWNED		OPTIONED		TOTAL		OWNED	OPTIONED	TOTAL
	North	7,512		6,749		14,261		6,382	7,455	13,837
	Southeast	8,586		4,136		12,722		8,114	2,439	10,553
	Texas	4,156		3,049		7,205		3,886	3,147	7,033
	West	5,724		938		6,662		5,158	1,561	6,719
	Total	25,978		14,872		40,850		23,540	14,602	38,142

Goodwill_and_Other_Intangible_

Goodwill and Other Intangible Assets	9 Months Ended
Goodwill and Other Intangible Assets	Sep. 30, 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 September 30, 2014, which included $13.6 million in the North, $8.1 million in the Southeast, $6.5 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. ASC 350 allows an entity to qualitatively assess whether it is necessary to perform step one of the prescribed two-step annual goodwill test. If an entity believes, as a result of its qualitative assessment, that it is more likely than not that the fair value of a reporting unit exceeds its carrying amount, the two-step goodwill impairment test is not required.

Variable_Interest_Entities_VIE

Variable Interest Entities ("VIE")	9 Months Ended
Variable Interest Entities ("VIE")	Sep. 30, 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 September 30, 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 $31.3 million and $33.2 million of inventory not owned related to a lot option purchase contract at September 30, 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 $16.7 million and $17.3 million of its related cash deposits for the lot option purchase contract at September 30, 2014 and December 31, 2013, respectively, in “Consolidated inventory not owned” within the Consolidated Balance Sheets. Noncontrolling interest totaled $14.6 million and $15.9 million with respect to the consolidation of the contract at September 30, 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 $34.9 million and $36.6 million at September 30, 2014 and December 31, 2013, respectively, that were associated with lot option purchase contracts having aggregate purchase prices of $488.6 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	9 Months Ended
	Sep. 30, 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 September 30, 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:

		30-Sep-14	31-Dec-13
	North	155	150
	Texas	245	252
	West	226	226
	Total	626	628

	At September 30, 2014 and December 31, 2013, the Company’s investments in its unconsolidated joint ventures totaled $12.5 million and $12.6 million, respectively, and were included in “Other” assets within the Consolidated Balance Sheets. For the three months ended September 30, 2014 and 2013, the Company’s equity in earnings from its unconsolidated joint ventures totaled $175,000 and $546,000, respectively. For the nine months ended September 30, 2014 and 2013, the Company’s equity in earnings from its unconsolidated joint ventures totaled $538,000 and $787,000, respectively.

Debt_and_Credit_Facilities

Debt and Credit Facilities	9 Months Ended
	Sep. 30, 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 facilities at September 30, 2014 and December 31, 2013:

	(in thousands)	30-Sep-14			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	(1,851		)	(2,362		)
	Senior notes and convertible senior notes, net	1,397,130			1,396,619
	Secured notes payable	5,750			689
	Total debt	$	1,402,880		$	1,397,308
	Financial services credit facilities	$	79,228		$	73,084

	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 $107.7 million and $93.6 million under these agreements at September 30, 2014 and December 31, 2013, respectively.

	To finance its land purchases, the Company may also use nonrecourse secured notes payable. At September 30, 2014 and December 31, 2013, outstanding nonrecourse secured notes payable totaled $5.7 million 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 September 30, 2014.

	During the second quarter of 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. At September 30, 2014, RMCMC was in compliance with these covenants. RMCMC had outstanding borrowings against the facility that totaled $45.4 million at September 30, 2014. The weighted-average effective interest rate on the outstanding borrowings against this credit facility was 3.0 percent at September 30, 2014.

	During 2011, RMCMC 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 2014 and will expire in December 2014. This facility is used to fund, and is secured by, mortgages that were originated by RMCMC and are pending sale. Under the terms of the facility, RMCMC is required to maintain various financial and other covenants and to satisfy certain requirements relating to the mortgages securing the facility. At September 30, 2014, RMCMC was in compliance with these covenants. RMCMC had outstanding borrowings against the facility that totaled $33.8 million and $73.1 million at September 30, 2014 and December 31, 2013, respectively. The weighted-average effective interest rate on the outstanding borrowings against this credit facility was 3.4 percent at September 30, 2014 and December 31, 2013.

Fair_Values_of_Financial_and_N

Fair Values of Financial and Nonfinancial Instruments

9 Months Ended

Sep. 30, 2014

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 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 carrying values of cash, cash equivalents, restricted cash and secured notes payable are reported in the Consolidated Balance Sheets and approximate their fair values due to their short-term natures and liquidity. The aggregate carrying values of the senior notes, net of discount, were $1.4 billion at September 30, 2014 and December 31, 2013. The aggregate fair values of the senior notes were $1.5 billion and $1.6 billion at September 30, 2014 and December 31, 2013, respectively. The fair values of the Company’s senior notes have been determined using quoted market prices (Level 2).

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

30-Sep-14

31-Dec-13

Marketable securities, available-for-sale

U.S. Treasury securities

Level 1

19,224

76,504

Obligations of U.S. government agencies

Level 1

21,014

17,068

Municipal debt securities

Level 2

14,225

32,976

Corporate debt securities

Level 2

132,080

157,879

Asset-backed securities

Level 2

17,527

20,489

Time deposits

Level 2

1,606

Short-term pooled investments

Level 1

10,016

6,633

Mortgage loans held-for-sale

Level 2

87,141

139,576

Mortgage interest rate lock commitments

Level 2

6,594

5,218

Forward-delivery contracts

Level 2

(550

)

2,261

Marketable Securities, Available-for-sale

At September 30, 2014 and December 31, 2013, the Company had $214.1 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 September 30, 2014 and December 31, 2013, contractual principal amounts of mortgage loans held-for-sale totaled $84.8 million and $137.5 million, respectively. The excess of the aggregate fair value over the aggregate unpaid principal balance for mortgage loans held-for-sale measured at fair value totaled $2.3 million and $2.1 million at September 30, 2014 and December 31, 2013, respectively. These amounts were included in “Financial services” revenues within the Consolidated Statements of Earnings. At September 30, 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.

In accordance with ASC No. 825 (“ASC 825”), “Financial Instruments,” the Company elected the fair value option for its IRLCs and its forward delivery contracts. The fair values of IRLCs were included in “Other” assets within the Consolidated Balance Sheets, and the fair values of forward-delivery contracts were included in “Other” assets and “Accrued and other liabilities” within the Consolidated Balance Sheets. For the three-month period ended September 30, 2014, losses realized on the IRLC pipeline, including activity and changes in fair value, totaled $1.8 million, compared to a gain of $7.9 million for the same period in the prior year. Gains realized on the IRLC pipeline totaled $1.4 million and $5.0 million for the nine-month periods ended September 30, 2014 and 2013, respectively. Losses on forward-delivery contracts used to hedge IRLCs totaled $951,000 and $3.3 million for the three-month periods ended September 30, 2014 and 2013, respectively. Losses on forward-delivery contracts used to hedge IRLCs totaled $8.2 million for the nine-month period ended September 30, 2014, compared to gains on forward-delivery contracts that totaled $7.0 million for the nine-month period ended September 30, 2013. Gains on loan sales totaled $7.7 million and $2.3 million for the three-month periods ended September 30, 2014 and 2013, respectively, and $20.5 million and $10.6 million for the nine-month periods ended September 30, 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.

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, IRLCs and forward-delivery contracts, among other factors, could materially impact these fair values.

(See Note 9, “Housing Inventories” for the Company’s fair value measurement of its nonfinancial instruments.)

Income_Taxes

Income Taxes	9 Months Ended
Income Taxes	Sep. 30, 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 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 was used to offset income during the second half of 2013. At September 30, 2014 and December 31, 2013, the Company had net deferred tax assets of $126.4 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. Given that 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 any accompanying 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 resulted in an overall effective income tax expense rate of 38.5 percent for the three and nine months ended September 30, 2014. For the three months ended September 30, 2013, the Company’s provision for income tax presented an overall effective income tax expense rate of 0.8 percent, compared to an overall effective income tax benefit rate of 154.5 percent for the nine months ended September 30, 2013. The change in the overall effective income tax rates for 2014, as compared to 2013, was primarily due to a reversal of the Company’s deferred tax asset valuation allowance during 2013. As of September 30, 2014, tax years 2011 through 2013 remain subject to examination.

LongTerm_Incentive_and_Supplem

Long-Term Incentive and Supplemental Executive Retirement Plans	9 Months Ended
	Sep. 30, 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 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 long-term performance period of three years 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 compensation peer group’s performance 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.

	During 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 long-term performance period of three years 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 compensation peer group’s performance 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, it 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. The values of the assets held in trust totaled $15.4 million and $15.2 million at September 30, 2014 and December 31, 2013, respectively, and were 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- and nine-month periods presented:

		THREE MONTHS ENDED				NINE MONTHS ENDED
		SEPTEMBER 30,				SEPTEMBER 30,
	(in thousands)	2014		2013		2014		2013
	Service costs	$	-	$	11	$	-	$	31
	Interest costs	204		215		498		644
	Amortization of unrecognized actuarial loss	7		-		21		-
	Total costs	$	211	$	226	$	519	$	675
	Benefits paid	$	-	$	-	$	90	$	-

	The Company recognized an investment loss on the cash surrender value of the insurance contracts of $202,000, compared to a gain of $653,000, for the three-month periods ended September 30, 2014 and 2013, respectively, and investment gains of $351,000 and $1.4 million for the nine-month periods ended September 30, 2014 and 2013, respectively. The $15.8 million and $15.4 million projected benefit obligations at September 30, 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 2.1 percent and 5.5 percent for the nine-month periods ended September 30, 2014 and 2013, respectively.

	The expected future payouts for the Company’s supplemental executive retirement plan as of September 30, 2014, are as follows: 2015–$1.5 million; 2016–$90,000; 2017–$5.7 million; 2018–$4.6 million; and 2019 through 2023–$3.2 million.

StockBased_Compensation

Stock-Based Compensation	9 Months Ended
Stock-Based Compensation	Sep. 30, 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 September 30, 2014 and December 31, 2013, stock options or other awards or units available for grant under the Plan or its predecessor plans totaled 3,395,345 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 117,830 and 138,830 stock awards available for future grant in accordance with the Director Plan at September 30, 2014 and December 31, 2013, respectively. 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 or upon retirement (as defined in the plans).

	The Company recorded stock-based compensation expense that totaled $3.6 million and $4.5 million for the three months ended September 30, 2014 and 2013, respectively. Stock-based compensation expense totaled $13.7 million for the nine months ended September 30, 2014 and 2013. Stock-based compensation expense has been allocated to the Company’s business units and included in “Selling, general and administrative” and “Financial services” expenses within the Consolidated Statements of Earnings.

	A summary of stock option activity in accordance with the Company’s equity incentive plans as of September 30, 2014 and 2013, and changes for the nine-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	-815,394		25.07
	Forfeited	-60,289		21.24
	Options outstanding at September 30, 2013	2,543,740		$	27.65	2.5	$	40,113
	Available for future grant	3,132,053
	Total shares reserved at September 30, 2013	5,675,793
	Options exercisable at September 30, 2013	1,839,432		$	31.38	1.7	$	24,172
	Options outstanding at January 1, 2014	2,326,201		$	27.02	2.3
	Granted	-		-
	Exercised	-549,400		29.06
	Forfeited	-62,473		48.9
	Options outstanding at September 30, 2014	1,714,328		$	25.57	2.1	$	20,732
	Available for future grant	3,395,345
	Total shares reserved at September 30, 2014	5,109,673
	Options exercisable at September 30, 2014	1,501,331		$	26.56	1.8	$	17,615

	Stock-based compensation expense related to employee stock options totaled $429,000 and $699,000 for the three-month periods ended September 30, 2014 and 2013, respectively, and $1.6 million and $2.8 million for the nine-month periods ended September 30, 2014 and 2013, respectively.

	The intrinsic values of stock options exercised during the three-month periods ended September 30, 2014 and 2013, totaled $175,000 and $756,000, respectively. The intrinsic values of stock options exercised during the nine-month periods ended September 30, 2014 and 2013, totaled $8.1 million and $14.1 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 $3.0 million and $3.6 million for the three-month periods ended September 30, 2014 and 2013, respectively, and $11.5 million and $10.3 million for the nine-month periods ended September 30, 2014 and 2013, respectively. (See Note 16, “Long-Term Incentive and Supplemental Executive Retirement Plans,” for details on the LTIP.)

	The following table summarizes 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	)	(354,369	)
	Shares forfeited	(3,828	)	(21,534	)
	Restricted stock units at September 30	368,084		541,908

	At September 30, 2014, the outstanding restricted stock units are expected to vest as follows: 2015—243,607; 2016—83,238; and 2017—41,239.

	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 $189,000 and $205,000 for the three-month periods ended September 30, 2014 and 2013, respectively, and $625,000 and $589,000 for the nine-month periods ended September 30, 2014 and 2013, respectively.

Commitments_and_Contingencies

Commitments and Contingencies	9 Months Ended
Commitments and Contingencies	Sep. 30, 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 September 30, 2014 and December 31, 2013, it had cash deposits and letters of credit outstanding that totaled $73.7 million and $73.0 million, respectively, pertaining to land and lot option purchase contracts with aggregate purchase prices of $900.6 million and $869.1 million, respectively. At September 30, 2014 and December 31, 2013, the Company had $2.6 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 $229.5 million and $269.2 million at September 30, 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 September 30, 2014, performance bonds totaled $177.1 million, while performance-related cash deposits and letters of credit totaled $81.8 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.

	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:

		NINE
		MONTHS ENDED
		SEPTEMBER 30,		TWELVE MONTHS ENDED DECEMBER 31,
		2014		2013		2012		2011		2010		2009
	Prime	67.2	%	57.2	%	48.6	%	42.2	%	34.9	%	32.9	%
	Government (FHA/VA/USDA)	32.8		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	%	89.8	%	90.1	%	90.3	%	90.8	%	91.4	%

	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 related to 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 $2.4 million for these types of claims as of September 30, 2014, but it may have additional exposure. The Company accrued $11.5 million for these types of claims as of December 31, 2013. (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 nine-month periods presented:

	(in thousands)	2014			2013
	Balance at January 1	$	11,472		$	10,484
	Provision for losses	6,176			1,072
	Settlements made	(15,231		)	(592		)
	Balance at September 30	$	2,417		$	10,964

	During the second quarter of 2014, the Company increased its legal reserve by $5.8 million related to the settlement of Ryland Mortgage Company’s lawsuit with Countrywide Home Loans, Inc. (“Countrywide”) and any other potential claims related to repurchase and indemnity obligations arising out of the sale of mortgage loans associated with loan purchase agreements between Countrywide and Ryland Mortgage Company. During the third quarter of 2014, the Company settled its lawsuit with Countrywide.

	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 nine-month periods presented:

	(in thousands)	2014			2013
	Balance at January 1	$	23,139		$	18,188
	Warranties issued	8,192			5,651
	Changes in liability for accruals related to pre-existing warranties	1,190			739
	Settlements made	(7,561		)	(4,419		)
	Balance at September 30	$	24,960		$	20,159

	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 September 30, 2014 and December 31, 2013, RHIC had $12.1 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 nine-month periods presented:

	(in thousands)	2014			2013
	Balance at January 1	$	13,857		$	14,813
	Insurance expense provisions or adjustments	2,400			-
	Loss expenses paid	(4,177		)	(1,380		)
	Balance at September 30	$	12,080		$	13,433

	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 $7.9 million and $17.2 million at September 30, 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 $1.5 million in the aggregate.

New_Accounting_Pronouncements

New Accounting Pronouncements	9 Months Ended
New Accounting Pronouncements	Sep. 30, 2014
New Accounting Pronouncements	'
New Accounting Pronouncements	'
	Note 19. New Accounting Pronouncements

	ASU 2014-08
	In April 2014, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“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 a discontinued operation. 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. A public 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.

	ASU 2014-09
	In May 2014, the FASB issued ASU No. 2014-09 (“ASU 2014-09”), “Revenue from Contracts with Customers (Topic 606).” The amendments in ASU 2014-09 provide guidance on revenue recognition and supersede the revenue recognition requirements in Topic 605, “Revenue Recognition,” most industry-specific guidance and some cost guidance included in Subtopic 605-35, “Revenue Recognition—Construction-Type and Production-Type Contracts.” The core principle of ASU 2014-09 is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. In doing so, companies will need to use more judgment and make more estimates than is required under the current guidance. These judgments may include identifying performance obligations in the contract, estimating the amount of variable consideration to include in the transaction price and allocating the transaction price to each separate performance obligation. ASU 2014-09 is effective for the Company for annual reporting periods beginning after December 15, 2016, and for interim periods within those annual periods. At that time, the Company may adopt the full retrospective approach or the modified retrospective approach. Early adoption is not permitted. The Company is currently evaluating the method of adoption of this guidance and 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	9 Months Ended
	Sep. 30, 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 an entity 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 SEPTEMBER 30, 2014

									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL

	REVENUES		$	363,306		$	320,271		$	11,954		$	(15,339	)	$	680,192
	EXPENSES		319,887			290,377			7,386			(15,339		)	602,311
	OTHER INCOME		653			344			64			-			1,061

	Income from continuing operations before taxes		44,072			30,238			4,632			-			78,942
	Tax expense		16,980			11,650			1,784			-			30,414
	Equity in net earnings of subsidiaries		21,436			-			-			(21,436		)	-

	NET INCOME		$	48,528		$	18,588		$	2,848		$	(21,436	)	$	48,528


			NINE MONTHS ENDED SEPTEMBER 30, 2014

	REVENUES		$	911,447		$	841,379		$	31,297		$	(36,859	)	$	1,747,264
	EXPENSES		817,494			770,294			30,074			(36,859		)	1,581,003
	OTHER INCOME		2,138			827			89			-			3,054

	Income from continuing operations before taxes		96,091			71,912			1,312			-			169,315
	Tax expense		37,013			27,700			505			-			65,218
	Equity in net earnings of subsidiaries		45,019			-			-			(45,019		)	-

	NET INCOME		$	104,097		$	44,212		$	807		$	(45,019	)	$	104,097


			THREE MONTHS ENDED SEPTEMBER 30, 2013

	REVENUES		$	323,969		$	249,258		$	13,514		$	(10,318	)	$	576,423
	EXPENSES		297,739			228,148			7,497			(10,318		)	523,066
	OTHER INCOME		434			195			-			-			629

	Income from continuing operations before taxes		26,664			21,305			6,017			-			53,986
	Tax (benefit) expense		(1,047		)	1,433			42			-			428
	Equity in net earnings of subsidiaries		25,847			-			-			(25,847		)	-

	Net income from continuing operations		53,558			19,872			5,975			(25,847		)	53,558
	Income (loss) from discontinued operations, net of taxes		91			(21		)	-			21			91

	NET INCOME		$	53,649		$	19,851		$	5,975		$	(25,826	)	$	53,649


			NINE MONTHS ENDED SEPTEMBER 30, 2013

	REVENUES		$	795,603		$	638,081		$	39,697		$	(29,283	)	$	1,444,098
	EXPENSES		741,527			592,183			21,733			(29,283		)	1,326,160
	OTHER INCOME		2,116			414			-			-			2,530

Income from continuing operations before taxes		56,192			46,312			17,964			-			120,468
Tax (benefit) expense		(102,234		)	(84,262		)	171			-			(186,325		)
Equity in net earnings of subsidiaries		148,367			-			-			(148,367		)	-

Net income from continuing operations		306,793			130,574			17,793			(148,367		)	306,793
Income from discontinued operations, net of taxes		167			20			-			(20		)	167

NET INCOME		$	306,960		$	130,594		$	17,793		$	(148,387	)	$	306,960


CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME

		THREE MONTHS ENDED SEPTEMBER 30, 2014

								NON-
					GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL

Net income		$	48,528		$	18,588		$	2,848		$	(21,436	)	$	48,528
Other comprehensive loss, net of tax:
Amortization of actuarial loss on defined benefit pension plan, net		4			-			-			-			4
Unrealized loss on marketable securities, available-for-sale, net		(224		)	-			-			-			(224		)

Other comprehensive loss, net of tax		(220		)	-			-			-			(220		)

Comprehensive income		$	48,308		$	18,588		$	2,848		$	(21,436	)	$	48,308


		NINE MONTHS ENDED SEPTEMBER 30, 2014

Net income		$	104,097		$	44,212		$	807		$	(45,019	)	$	104,097

Other comprehensive income, net of tax:
Amortization of actuarial loss on defined benefit pension plan, net		13			-			-			-			13
Unrealized gain on marketable securities, available-for-sale, net		200			-			-			-			200

Other comprehensive income, net of tax		213			-			-			-			213

Comprehensive income		$	104,310		$	44,212		$	807		$	(45,019	)	$	104,310


		THREE MONTHS ENDED SEPTEMBER 30, 2013
Net income		$	53,649		$	19,851		$	5,975		$	(25,826	)	$	53,649
Other comprehensive income, net of tax:
Unrealized gain on marketable securities, available-for-sale, net		686			-			-			-			686
Other comprehensive income, net of tax		686			-			-			-			686
Comprehensive income		$	54,335		$	19,851		$	5,975		$	(25,826	)	$	54,335


		NINE MONTHS ENDED SEPTEMBER 30, 2013
Net income		$	306,960		$	130,594		$	17,793		$	(148,387	)	$	306,960
Other comprehensive loss, net of tax:
Unrealized loss on marketable securities, available-for-sale, net		(289		)	-			-			-			(289		)
Other comprehensive loss, net of tax		(289		)	-			-			-			(289		)
Comprehensive income		$	306,671		$	130,594		$	17,793		$	(148,387	)	$	306,671


CONSOLIDATING BALANCE SHEETS

			30-Sep-14
									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
(in thousands)			TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
ASSETS
Cash and cash equivalents			$	17,289		$	151,182		$	9,227		$	-		$	177,698
Marketable securities and restricted cash			298,536			-			24,798			-			323,334
Consolidated inventory owned			1,248,991			760,078			-			-			2,009,069
Consolidated inventory not owned			16,727			-			14,598			-			31,325
Total housing inventories			1,265,718			760,078			14,598			-			2,040,394
Investment in subsidiaries			407,410			-			-			(407,410		)	-
Intercompany receivables			473,273			-			-			(473,273		)	-
Other assets			237,195			59,103			98,930			-			395,228
TOTAL ASSETS			2,699,421			970,363			147,553			(880,683		)	2,936,654

LIABILITIES
Accounts payable and other			293,553			122,712			20,695			-			436,960
accrued liabilities
Financial services credit facilities			-			-			79,228			-			79,228
Debt			1,402,880			-			-			-			1,402,880
Intercompany payables			-			467,377			5,896			(473,273		)	-
TOTAL LIABILITIES			1,696,433			590,089			105,819			(473,273		)	1,919,068
EQUITY
STOCKHOLDERS’ EQUITY			1,002,988			380,274			27,136			(407,410		)	1,002,988
NONCONTROLLING INTEREST			-			-			14,598			-			14,598
TOTAL LIABILITIES AND EQUITY			$	2,699,421		$	970,363		$	147,553		$	(880,683	)	$	2,936,654

			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

			NINE MONTHS ENDED SEPTEMBER 30, 2014
						GUARANTOR			NON-GUARANTOR			CONSOLIDATING			CONSOLIDATED
(in thousands)			TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
CASH FLOWS FROM OPERATING ACTIVITIES
Net income from continuing operations			$	104,097		$	44,212		$	807		$	(45,019	)	$	104,097
Adjustments to reconcile net income from continuing operations to net cash (used for) provided by operating activities			23,073			7,101			296			-			30,470
Changes in assets and liabilities			(245,509		)	(89,951		)	37,701			45,019			(252,740		)
Other operating activities, net			(883		)	-			-			-			(883		)
Net cash (used for) provided by operating activities from continuing operations			(119,222		)	(38,638		)	38,804			-			(119,056		)
CASH FLOWS FROM INVESTING ACTIVITIES
Return of investment in unconsolidated joint ventures, net			772			-			-			-			772
Additions to property, plant and equipment			(10,337		)	(5,608		)	(45		)	-			(15,990		)
Purchases of marketable securities, available-for-sale			(366,526		)	-			(1,325		)	-			(367,851		)
Proceeds from sales and maturities of marketable securities, available-for-sale			468,057			-			2,500			-			470,557
Net cash provided by (used for) investing activities from continuing operations			91,966			(5,608		)	1,130			-			87,488
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in debt			5,061			-			-			-			5,061
Borrowings against revolving credit facilities, net			-			-			6,144			-			6,144
Common stock dividends, repurchases and stock-based compensation			(10,659		)	-			-			-			(10,659		)
Increase in restricted cash			(19,161		)	-			(51		)	-			(19,212		)
Intercompany balances			43,783			2,126			(45,909		)	-			-
Other financing activities			-			(54		)	-			-			(54		)
Net cash provided by (used for) financing activities from continuing operations			19,024			2,072			(39,816		)	-			(18,720		)
Net (decrease) increase in cash and cash equivalents from continuing operations			(8,232		)	(42,174		)	118			-			(50,288		)
Cash flows from operating activities—discontinued operations			-			(27		)	-			-			(27		)
Cash and cash equivalents at beginning of year			25,521			193,383			9,109			-			228,013
CASH AND CASH EQUIVALENTS AT END OF PERIOD			$	17,289		$	151,182		$	9,227		$	-		$	177,698

			NINE MONTHS ENDED SEPTEMBER 30, 2013
						GUARANTOR			NON-GUARANTOR			CONSOLIDATING			CONSOLIDATED
(in thousands)			TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
CASH FLOWS FROM OPERATING ACTIVITIES
Net income from continuing operations			$	306,793		$	130,574		$	17,793		$	(148,367	)	$	306,793
Adjustments to reconcile net income from continuing operations to net cash (used for) provided by operating activities			(210,059		)	5,729			184			-			(204,146		)
Changes in assets and liabilities			(271,647		)	(218,114		)	11,203			148,367			(330,191		)
Other operating activities, net			(728		)	-			-			-			(728		)
Net cash (used for) provided by operating activities from continuing operations			(175,641		)	(81,811		)	29,180			-			(228,272		)
CASH FLOWS FROM INVESTING ACTIVITIES
Return of investment in (contributions to) unconsolidated joint ventures, net			78			(3,517		)	-			-			(3,439		)
Additions to property, plant and equipment			(6,558		)	(7,341		)	(576		)	-			(14,475		)
Purchases of marketable securities, available-for-sale			(612,930		)	-			(2,825		)	-			(615,755		)
Proceeds from sales and maturities of marketable securities, available-for-sale			629,773			-			4,499			-			634,272
Cash paid for business acquisitions			(19,880		)	(31,007		)	-			-			(50,887		)
Net cash (used for) provided by investing activities from continuing operations			(9,517		)	(41,865		)	1,098			-			(50,284		)
CASH FLOWS FROM FINANCING ACTIVITIES
Increase in debt			262,951			-			-			-			262,951
Common stock dividends and stock-based compensation			23,247			-			-			-			23,247
Increase in restricted cash			(16,455		)	-			(4,700		)	-			(21,155		)
Intercompany balances			(94,339		)	117,952			(23,613		)	-			-
Other financing activities			-			(43		)	-			-			(43		)
Net cash provided by (used for) financing activities from continuing operations			175,404			117,909			(28,313		)	-			265,000
Net (decrease) increase in cash and cash equivalents from continuing operations			(9,754		)	(5,767		)	1,965			-			(13,556		)
Cash flows from operating activities—discontinued operations			-			(24		)	-			-			(24		)
Cash flows from investing activities—discontinued operations			-			24			-			-			24
Cash and cash equivalents at beginning of year			32,130			117,865			8,119			-			158,114
CASH AND CASH EQUIVALENTS AT END OF PERIOD			$	22,376		$	112,098		$	10,084		$	-		$	144,558

Transactions_with_Affiliates

Transactions with Affiliates	9 Months Ended
Transactions with Affiliates	Sep. 30, 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 September 30, 2014 and December 31, 2013, the balances of the promissory notes from these affiliates totaled $126,000 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	9 Months Ended
Subsequent Event	Sep. 30, 2014
Subsequent Event	'
Subsequent Event	'
	Note 22. Subsequent Event

	No event has occurred subsequent to September 30, 2014, that has required recognition or disclosure in the Company’s financial statements.

Accumulated_Other_Comprehensiv1

Accumulated Other Comprehensive Loss (Tables)	9 Months Ended
	Sep. 30, 2014
Accumulated Other Comprehensive Loss	'
Summary of components of other comprehensive (loss) income	'


					THREE MONTHS ENDED SEPTEMBER 30, 2014
	(in thousands)		GROSS OTHER					TAX BENEFIT				NET OTHER
			COMPREHENSIVE									COMPREHENSIVE
			(LOSS) INCOME									(LOSS) INCOME
	Amortization of actuarial loss on defined benefit pension plan			$		6			$	(2	)		$	4
	Unrealized loss on marketable securities, available-for-sale:
		Unrealized loss on marketable securities, available-for-sale		(85			)		-				(85		)
		Less: reclassification adjustments for gains included in net income		(139			)		-				(139		)
		Total unrealized loss on marketable securities, available-for-sale		(224			)		-				(224		)
	Other comprehensive loss			$		(218	)		$	(2	)		$	(220	)

				NINE MONTHS ENDED SEPTEMBER 30, 2014
	Amortization of actuarial loss on defined benefit pension plan			$		21			$	(8	)		$	13
	Unrealized gain on marketable securities, available-for-sale:
		Unrealized gain on marketable securities, available-for-sale		511					-				511
		Less: reclassification adjustments for gains included in net income		(311			)		-				(311		)
		Total unrealized gain on marketable securities, available-for-sale		200					-				200
	Other comprehensive income			$		221			$	(8	)		$	213

				THREE MONTHS ENDED SEPTEMBER 30, 2013
	Unrealized gain on marketable securities, available-for-sale:
		Unrealized gain on marketable securities, available-for-sale		$		433			$	-			$	433
		Less: reclassification adjustments for losses included in net income		253					-				253
		Total unrealized gain on marketable securities, available-for-sale		686					-				686
	Other comprehensive income			$		686			$	-			$	686

							NINE MONTHS ENDED SEPTEMBER 30, 2013
	Unrealized loss on marketable securities, available-for-sale:
		Unrealized loss on marketable securities, available-for-sale		$		(201	)		$	-			$	(201	)
		Less: reclassification adjustments for gains included in net income		(88			)		-				(88		)
		Total unrealized loss on marketable securities, available-for-sale		(289			)		-				(289		)
	Other comprehensive loss			$		(289	)		$	-			$	(289	)

Segment_Information_Tables

Segment Information (Tables)	9 Months Ended
Segment Information (Tables)	Sep. 30, 2014
Segment Information	'
Schedule of segment revenues and earnings (loss) before taxes	'
	Selected Segment Information

		THREE MONTHS ENDED							NINE MONTHS ENDED
		SEPTEMBER 30,							SEPTEMBER 30,
	(in thousands)	2014			2013				2014			2013
	REVENUES
	Homebuilding
	North	$	193,066		$	178,318			$	480,741		$	421,818
	Southeast	181,821			159,778				449,279			395,605
	Texas	142,465			119,993				378,754			297,543
	West	150,886			104,820				407,193			289,435
	Financial services	11,954			13,514				31,297			39,697
	Total	$	680,192		$	576,423			$	1,747,264		$	1,444,098
	EARNINGS (LOSS) BEFORE TAXES
	Homebuilding
	North	$	24,422		$	15,261			$	50,170		$	31,342
	Southeast	24,864			17,392				56,984			36,507
	Texas	12,952			9,879				30,375			23,651
	West	18,498			12,217				49,371			30,189
	Financial services	4,632			6,017				1,312			17,964
	Corporate and unallocated	(6,426		)	(6,780		)		(18,897		)	(19,185		)
	Total	$	78,942		$	53,986			$	169,315		$	120,468
Schedule of Company's total assets by segment	'


		30-Sep-14
	(in thousands)	HOUSING			OTHER ASSETS			TOTAL ASSETS
	(in thousands)	INVENTORIES			OTHER ASSETS			TOTAL ASSETS
	Homebuilding
	North	$	589,415		$	51,239		$	640,654
	Southeast	528,715			29,888			558,603
	Texas	359,730			39,324			399,054
	West	562,534			33,358			595,892
	Financial services	-			136,398			136,398
	Corporate and unallocated	-			606,053			606,053
	Total	$	2,040,394		$	896,260		$	2,936,654

	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)	9 Months Ended
	Sep. 30, 2014
Earnings Per Share Reconciliation	'
Computation of basic and diluted earnings per share	'


		THREE MONTHS ENDED					NINE MONTHS ENDED
		SEPTEMBER 30,					SEPTEMBER 30,
	(in thousands, except share data)	2014		2013			2014			2013
	NUMERATOR
	Net income from continuing operations	$	48,528	$	53,558		$	104,097		$	306,793
	Net income from discontinued operations	-		91			-			167
	Less: distributed earnings allocated to nonvested restricted stock	-		(3		)	-			(10		)
	Less: undistributed earnings allocated to nonvested restricted stock	-		(119		)	(44		)	(997		)
	Numerator for basic earnings per share	48,528		53,527			104,053			305,953
	Plus: interest on 1.6 percent convertible senior notes due 2018	729		729			2,187			2,187
	Plus: interest on 0.25 percent convertible senior notes due 2019	299		297			898			407
	Plus: undistributed earnings allocated to nonvested restricted stock	-		119			44			997
	Less: undistributed earnings reallocated to nonvested restricted stock	-		(96		)	(35		)	(824		)
	Numerator for diluted earnings per share	$	49,556	$	54,576		$	107,147		$	308,720

	DENOMINATOR
	Basic earnings per share—weighted-average shares	46,613,492		46,174,767			46,702,982			45,882,932
	Effect of dilutive securities:
	Share-based payments	1,008,349		914,480			1,056,556			995,257
	1.6 percent convertible senior notes due 2018	7,023,780		7,023,780			7,023,780			7,023,780
	0.25 percent convertible senior notes due 2019	3,565,962		3,565,962			3,565,962			1,756,567
	Diluted earnings per share—adjusted weighted-average
	shares and assumed conversions	58,211,583		57,678,989			58,349,280			55,658,536

	NET INCOME PER COMMON SHARE
	Basic	$	1.04	$	1.16		$	2.23		$	6.67
	Diluted	$	0.85	$	0.95		$	1.84		$	5.55

Marketable_Securities_Availabl1

Marketable Securities, Available-for-sale (Tables)	9 Months Ended
	Sep. 30, 2014
Marketable Securities, Available-for-sale	'
Fair value of the available-for-sale marketable securities, by type of security	'


		SEPTEMBER 30, 2014
	(in thousands)	AMORTIZED		GROSS		GROSS			ESTIMATED
		COST		UNREALIZED		UNREALIZED			FAIR VALUE
				GAINS		LOSSES
	Type of security:
	U.S. Treasury securities	$	19,223	$	4	$	(3	)	$	19,224
	Obligations of U.S. government agencies	21,039		1		(26		)	21,014
	Municipal debt securities	13,099		1,436		(310		)	14,225
	Corporate debt securities	132,101		59		(80		)	132,080
	Asset-backed securities	17,450		89		(12		)	17,527
	Total debt securities	202,912		1,589		(431		)	204,070
	Time deposits	2		-		-			2
	Short-term pooled investments	10,015		1		-			10,016
	Total marketable securities, available-for-sale	$	212,929	$	1,590	$	(431	)	$	214,088

		DECEMBER 31, 2013
	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)	SEPTEMBER 30, 2014		DECEMBER 31, 2013
	Contractual maturity:
	Maturing in one year or less	$	80,094	$	129,384
	Maturing after one year through three years	100,249		154,169
	Maturing after three years	23,727		21,363
	Total debt securities	204,070		304,916
	Time deposits and short-term pooled investments	10,018		8,239
	Total marketable securities, available-for-sale	$	214,088	$	313,155

Housing_Inventories_Tables

Housing Inventories (Tables)	9 Months Ended
Housing Inventories (Tables)	Sep. 30, 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	51,443			42,303
	Interest amortized to cost of sales	(34,625		)	(37,153		)
	Capitalized interest at September 30	$	106,437		$	87,923
	Interest incurred	$	52,194		$	50,874
Summary of each reporting segment's total number of lots owned and lots controlled under option agreements	'


		SEPTEMBER 30, 2014						DECEMBER 31, 2013
		LOTS		LOTS				LOTS	LOTS
		OWNED		OPTIONED		TOTAL		OWNED	OPTIONED	TOTAL
	North	7,512		6,749		14,261		6,382	7,455	13,837
	Southeast	8,586		4,136		12,722		8,114	2,439	10,553
	Texas	4,156		3,049		7,205		3,886	3,147	7,033
	West	5,724		938		6,662		5,158	1,561	6,719
	Total	25,978		14,872		40,850		23,540	14,602	38,142

Investments_in_Joint_Ventures_

Investments in Joint Ventures (Tables)	9 Months Ended
Investments in Joint Ventures (Tables)	Sep. 30, 2014
Investments in Joint Ventures	'
Schedule of each reporting segment's total estimated share of lots owned by the entity under its joint ventures	'


		30-Sep-14	31-Dec-13
	North	155	150
	Texas	245	252
	West	226	226
	Total	626	628

Debt_and_Credit_Facilities_Tab

Debt and Credit Facilities (Tables)	9 Months Ended
	Sep. 30, 2014
Debt and Credit Facilities	'
Schedule of long-term and short-term debt and credit facilities	'


	(in thousands)	30-Sep-14			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	(1,851		)	(2,362		)
	Senior notes and convertible senior notes, net	1,397,130			1,396,619
	Secured notes payable	5,750			689
	Total debt	$	1,402,880		$	1,397,308
	Financial services credit facilities	$	79,228		$	73,084

Fair_Values_of_Financial_and_N1

Fair Values of Financial and Nonfinancial Instruments (Tables)	9 Months Ended
	Sep. 30, 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		30-Sep-14				31-Dec-13
	Marketable securities, available-for-sale
	U.S. Treasury securities	Level 1		$		19,224		$		76,504
	Obligations of U.S. government agencies	Level 1		21,014				17,068
	Municipal debt securities	Level 2		14,225				32,976
	Corporate debt securities	Level 2		132,080				157,879
	Asset-backed securities	Level 2		17,527				20,489
	Time deposits	Level 2		2				1,606
	Short-term pooled investments	Level 1		10,016				6,633
	Mortgage loans held-for-sale	Level 2		87,141				139,576
	Mortgage interest rate lock commitments	Level 2		6,594				5,218
	Forward-delivery contracts	Level 2		(550			)	2,261

LongTerm_Incentive_and_Supplem1

Long-Term Incentive and Supplemental Executive Retirement Plans (Tables)	9 Months Ended
	Sep. 30, 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				NINE MONTHS ENDED
		SEPTEMBER 30,				SEPTEMBER 30,
	(in thousands)	2014		2013		2014		2013
	Service costs	$	-	$	11	$	-	$	31
	Interest costs	204		215		498		644
	Amortization of unrecognized actuarial loss	7		-		21		-
	Total costs	$	211	$	226	$	519	$	675
	Benefits paid	$	-	$	-	$	90	$	-

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	9 Months Ended
Stock-Based Compensation (Tables)	Sep. 30, 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	-815,394		25.07
	Forfeited	-60,289		21.24
	Options outstanding at September 30, 2013	2,543,740		$	27.65	2.5	$	40,113
	Available for future grant	3,132,053
	Total shares reserved at September 30, 2013	5,675,793
	Options exercisable at September 30, 2013	1,839,432		$	31.38	1.7	$	24,172
	Options outstanding at January 1, 2014	2,326,201		$	27.02	2.3
	Granted	-		-
	Exercised	-549,400		29.06
	Forfeited	-62,473		48.9
	Options outstanding at September 30, 2014	1,714,328		$	25.57	2.1	$	20,732
	Available for future grant	3,395,345
	Total shares reserved at September 30, 2014	5,109,673
	Options exercisable at September 30, 2014	1,501,331		$	26.56	1.8	$	17,615
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	)	(354,369	)
	Shares forfeited	(3,828	)	(21,534	)
	Restricted stock units at September 30	368,084		541,908

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	9 Months Ended
Commitments and Contingencies (Tables)	Sep. 30, 2014
Commitments and Contingencies	'
Summary of composition of mortgage loans originated, by loan type; credit score; and loan-to-value ratio	'


		NINE
		MONTHS ENDED
		SEPTEMBER 30,		TWELVE MONTHS ENDED DECEMBER 31,
		2014		2013		2012		2011		2010		2009
	Prime	67.2	%	57.2	%	48.6	%	42.2	%	34.9	%	32.9	%
	Government (FHA/VA/USDA)	32.8		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	%	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	6,176			1,072
	Settlements made	(15,231		)	(592		)
	Balance at September 30	$	2,417		$	10,964
Changes in product liability reserves	'


	(in thousands)	2014			2013
	Balance at January 1	$	23,139		$	18,188
	Warranties issued	8,192			5,651
	Changes in liability for accruals related to pre-existing warranties	1,190			739
	Settlements made	(7,561		)	(4,419		)
	Balance at September 30	$	24,960		$	20,159
Changes in RHIC's insurance reserves	'


	(in thousands)	2014			2013
	Balance at January 1	$	13,857		$	14,813
	Insurance expense provisions or adjustments	2,400			-
	Loss expenses paid	(4,177		)	(1,380		)
	Balance at September 30	$	12,080		$	13,433

Supplemental_Guarantor_Informa1

Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2014
Supplemental Guarantor Information	'
CONSOLIDATING STATEMENTS OF EARNINGS	'


		THREE MONTHS ENDED SEPTEMBER 30, 2014

								NON-
					GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)	TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL

	REVENUES	$	363,306		$	320,271		$	11,954		$	(15,339	)	$	680,192
	EXPENSES	319,887			290,377			7,386			(15,339		)	602,311
	OTHER INCOME	653			344			64			-			1,061

	Income from continuing operations before taxes	44,072			30,238			4,632			-			78,942
	Tax expense	16,980			11,650			1,784			-			30,414
	Equity in net earnings of subsidiaries	21,436			-			-			(21,436		)	-

	NET INCOME	$	48,528		$	18,588		$	2,848		$	(21,436	)	$	48,528


		NINE MONTHS ENDED SEPTEMBER 30, 2014

	REVENUES	$	911,447		$	841,379		$	31,297		$	(36,859	)	$	1,747,264
	EXPENSES	817,494			770,294			30,074			(36,859		)	1,581,003
	OTHER INCOME	2,138			827			89			-			3,054

	Income from continuing operations before taxes	96,091			71,912			1,312			-			169,315
	Tax expense	37,013			27,700			505			-			65,218
	Equity in net earnings of subsidiaries	45,019			-			-			(45,019		)	-

	NET INCOME	$	104,097		$	44,212		$	807		$	(45,019	)	$	104,097


		THREE MONTHS ENDED SEPTEMBER 30, 2013

	REVENUES	$	323,969		$	249,258		$	13,514		$	(10,318	)	$	576,423
	EXPENSES	297,739			228,148			7,497			(10,318		)	523,066
	OTHER INCOME	434			195			-			-			629

	Income from continuing operations before taxes	26,664			21,305			6,017			-			53,986
	Tax (benefit) expense	(1,047		)	1,433			42			-			428
	Equity in net earnings of subsidiaries	25,847			-			-			(25,847		)	-

	Net income from continuing operations	53,558			19,872			5,975			(25,847		)	53,558
	Income (loss) from discontinued operations, net of taxes	91			(21		)	-			21			91

	NET INCOME	$	53,649		$	19,851		$	5,975		$	(25,826	)	$	53,649


		NINE MONTHS ENDED SEPTEMBER 30, 2013

	REVENUES	$	795,603		$	638,081		$	39,697		$	(29,283	)	$	1,444,098
	EXPENSES	741,527			592,183			21,733			(29,283		)	1,326,160
	OTHER INCOME	2,116			414			-			-			2,530

	Income from continuing operations before taxes	56,192			46,312			17,964			-			120,468
	Tax (benefit) expense	(102,234		)	(84,262		)	171			-			(186,325		)
	Equity in net earnings of subsidiaries	148,367			-			-			(148,367		)	-

	Net income from continuing operations	306,793			130,574			17,793			(148,367		)	306,793
	Income from discontinued operations, net of taxes	167			20			-			(20		)	167

	NET INCOME	$	306,960		$	130,594		$	17,793		$	(148,387	)	$	306,960

CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'


		THREE MONTHS ENDED SEPTEMBER 30, 2014

								NON-
					GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)	TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL

	Net income	$	48,528		$	18,588		$	2,848		$	(21,436	)	$	48,528
	Other comprehensive loss, net of tax:
	Amortization of actuarial loss on defined benefit pension plan, net	4			-			-			-			4
	Unrealized loss on marketable securities, available-for-sale, net	(224		)	-			-			-			(224		)

	Other comprehensive loss, net of tax	(220		)	-			-			-			(220		)

	Comprehensive income	$	48,308		$	18,588		$	2,848		$	(21,436	)	$	48,308


		NINE MONTHS ENDED SEPTEMBER 30, 2014

	Net income	$	104,097		$	44,212		$	807		$	(45,019	)	$	104,097

	Other comprehensive income, net of tax:
	Amortization of actuarial loss on defined benefit pension plan, net	13			-			-			-			13
	Unrealized gain on marketable securities, available-for-sale, net	200			-			-			-			200

	Other comprehensive income, net of tax	213			-			-			-			213

	Comprehensive income	$	104,310		$	44,212		$	807		$	(45,019	)	$	104,310


		THREE MONTHS ENDED SEPTEMBER 30, 2013
	Net income	$	53,649		$	19,851		$	5,975		$	(25,826	)	$	53,649
	Other comprehensive income, net of tax:
	Unrealized gain on marketable securities, available-for-sale, net	686			-			-			-			686
	Other comprehensive income, net of tax	686			-			-			-			686
	Comprehensive income	$	54,335		$	19,851		$	5,975		$	(25,826	)	$	54,335


		NINE MONTHS ENDED SEPTEMBER 30, 2013
	Net income	$	306,960		$	130,594		$	17,793		$	(148,387	)	$	306,960
	Other comprehensive loss, net of tax:
	Unrealized loss on marketable securities, available-for-sale, net	(289		)	-			-			-			(289		)
	Other comprehensive loss, net of tax	(289		)	-			-			-			(289		)
	Comprehensive income	$	306,671		$	130,594		$	17,793		$	(148,387	)	$	306,671

CONSOLIDATING BALANCE SHEETS	'


			30-Sep-14
									NON-
						GUARANTOR			GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	ASSETS
	Cash and cash equivalents		$	17,289		$	151,182		$	9,227		$	-		$	177,698
	Marketable securities and restricted cash		298,536			-			24,798			-			323,334
	Consolidated inventory owned		1,248,991			760,078			-			-			2,009,069
	Consolidated inventory not owned		16,727			-			14,598			-			31,325
	Total housing inventories		1,265,718			760,078			14,598			-			2,040,394
	Investment in subsidiaries		407,410			-			-			(407,410		)	-
	Intercompany receivables		473,273			-			-			(473,273		)	-
	Other assets		237,195			59,103			98,930			-			395,228
	TOTAL ASSETS		2,699,421			970,363			147,553			(880,683		)	2,936,654

	LIABILITIES
	Accounts payable and other		293,553			122,712			20,695			-			436,960
	accrued liabilities
	Financial services credit facilities		-			-			79,228			-			79,228
	Debt		1,402,880			-			-			-			1,402,880
	Intercompany payables		-			467,377			5,896			(473,273		)	-
	TOTAL LIABILITIES		1,696,433			590,089			105,819			(473,273		)	1,919,068
	EQUITY
	STOCKHOLDERS’ EQUITY		1,002,988			380,274			27,136			(407,410		)	1,002,988
	NONCONTROLLING INTEREST		-			-			14,598			-			14,598
	TOTAL LIABILITIES AND EQUITY		$	2,699,421		$	970,363		$	147,553		$	(880,683	)	$	2,936,654

			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	'


			NINE MONTHS ENDED SEPTEMBER 30, 2014
						GUARANTOR			NON-GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	CASH FLOWS FROM OPERATING ACTIVITIES
	Net income from continuing operations		$	104,097		$	44,212		$	807		$	(45,019	)	$	104,097
	Adjustments to reconcile net income from continuing operations to net cash (used for) provided by operating activities		23,073			7,101			296			-			30,470
	Changes in assets and liabilities		(245,509		)	(89,951		)	37,701			45,019			(252,740		)
	Other operating activities, net		(883		)	-			-			-			(883		)
	Net cash (used for) provided by operating activities from continuing operations		(119,222		)	(38,638		)	38,804			-			(119,056		)
	CASH FLOWS FROM INVESTING ACTIVITIES
	Return of investment in unconsolidated joint ventures, net		772			-			-			-			772
	Additions to property, plant and equipment		(10,337		)	(5,608		)	(45		)	-			(15,990		)
	Purchases of marketable securities, available-for-sale		(366,526		)	-			(1,325		)	-			(367,851		)
	Proceeds from sales and maturities of marketable securities, available-for-sale		468,057			-			2,500			-			470,557
	Net cash provided by (used for) investing activities from continuing operations		91,966			(5,608		)	1,130			-			87,488
	CASH FLOWS FROM FINANCING ACTIVITIES
	Increase in debt		5,061			-			-			-			5,061
	Borrowings against revolving credit facilities, net		-			-			6,144			-			6,144
	Common stock dividends, repurchases and stock-based compensation		(10,659		)	-			-			-			(10,659		)
	Increase in restricted cash		(19,161		)	-			(51		)	-			(19,212		)
	Intercompany balances		43,783			2,126			(45,909		)	-			-
	Other financing activities		-			(54		)	-			-			(54		)
	Net cash provided by (used for) financing activities from continuing operations		19,024			2,072			(39,816		)	-			(18,720		)
	Net (decrease) increase in cash and cash equivalents from continuing operations		(8,232		)	(42,174		)	118			-			(50,288		)
	Cash flows from operating activities—discontinued operations		-			(27		)	-			-			(27		)
	Cash and cash equivalents at beginning of year		25,521			193,383			9,109			-			228,013
	CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	17,289		$	151,182		$	9,227		$	-		$	177,698

			NINE MONTHS ENDED SEPTEMBER 30, 2013
						GUARANTOR			NON-GUARANTOR			CONSOLIDATING			CONSOLIDATED
	(in thousands)		TRG, INC.			SUBSIDIARIES			SUBSIDIARIES			ELIMINATIONS			TOTAL
	CASH FLOWS FROM OPERATING ACTIVITIES
	Net income from continuing operations		$	306,793		$	130,574		$	17,793		$	(148,367	)	$	306,793
	Adjustments to reconcile net income from continuing operations to net cash (used for) provided by operating activities		(210,059		)	5,729			184			-			(204,146		)
	Changes in assets and liabilities		(271,647		)	(218,114		)	11,203			148,367			(330,191		)
	Other operating activities, net		(728		)	-			-			-			(728		)
	Net cash (used for) provided by operating activities from continuing operations		(175,641		)	(81,811		)	29,180			-			(228,272		)
	CASH FLOWS FROM INVESTING ACTIVITIES
	Return of investment in (contributions to) unconsolidated joint ventures, net		78			(3,517		)	-			-			(3,439		)
	Additions to property, plant and equipment		(6,558		)	(7,341		)	(576		)	-			(14,475		)
	Purchases of marketable securities, available-for-sale		(612,930		)	-			(2,825		)	-			(615,755		)
	Proceeds from sales and maturities of marketable securities, available-for-sale		629,773			-			4,499			-			634,272
	Cash paid for business acquisitions		(19,880		)	(31,007		)	-			-			(50,887		)
	Net cash (used for) provided by investing activities from continuing operations		(9,517		)	(41,865		)	1,098			-			(50,284		)
	CASH FLOWS FROM FINANCING ACTIVITIES
	Increase in debt		262,951			-			-			-			262,951
	Common stock dividends and stock-based compensation		23,247			-			-			-			23,247
	Increase in restricted cash		(16,455		)	-			(4,700		)	-			(21,155		)
	Intercompany balances		(94,339		)	117,952			(23,613		)	-			-
	Other financing activities		-			(43		)	-			-			(43		)
	Net cash provided by (used for) financing activities from continuing operations		175,404			117,909			(28,313		)	-			265,000
	Net (decrease) increase in cash and cash equivalents from continuing operations		(9,754		)	(5,767		)	1,965			-			(13,556		)
	Cash flows from operating activities—discontinued operations		-			(24		)	-			-			(24		)
	Cash flows from investing activities—discontinued operations		-			24			-			-			24
	Cash and cash equivalents at beginning of year		32,130			117,865			8,119			-			158,114
	CASH AND CASH EQUIVALENTS AT END OF PERIOD		$	22,376		$	112,098		$	10,084		$	-		$	144,558

Consolidated_Financial_Stateme1

Consolidated Financial Statements (Details)	9 Months Ended
Consolidated Financial Statements (Details)	Sep. 30, 2014
Consolidated Financial Statements	'
Ownership interest in subsidiaries (as a percent)	100.00%

Other_Income_Details

Other Income (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Other Income	'	'	'	'
Other income	$640	$481	$1,800	$1,116

Comprehensive_Income_Details

Comprehensive Income (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Comprehensive Income	'	'	'	'
Comprehensive income	$48,308	$54,335	$104,310	$306,671

Accumulated_Other_Comprehensiv2

Accumulated Other Comprehensive Loss (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
GROSS OTHER COMPREHENSIVE (LOSS) INCOME	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, gross	$6	'	$21	'
Unrealized gain (loss) on marketable securities, available-for-sale:	'	'	'	'
Unrealized gain (loss) on marketable securities, available-for-sale	-85	433	511	-201
Less: reclassification adjustments for gains (losses) included in net income	-139	253	-311	-88
Total unrealized gain (loss) on marketable securities, available-for-sale	-224	686	200	-289
Other comprehensive income (loss)	-218	686	221	-289
TAX BENEFIT	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, tax	-2	'	-8	'
Unrealized gain (loss) on marketable securities, available-for-sale, tax:	'	'	'	'
Unrealized gain (loss) on marketable securities, available-for-sale, tax	0	0	0	0
Less: reclassification adjustments for gains (losses) included in net income, tax	0	0	0	0
Total unrealized gain (loss) on marketable securities, available-for-sale, tax	0	0	0	0
Other comprehensive income (loss), tax	-2	0	-8	0
NET OTHER COMPREHENSIVE (LOSS) INCOME	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	4	0	13	0
Unrealized gain (loss) on marketable securities, available-for-sale:	'	'	'	'
Unrealized gain (loss) on marketable securities, available -for-sale	-85	433	511	-201
Less: reclassification adjustments for gains (losses) included in net income	-139	253	-311	-88
Total unrealized gain (loss) on marketable securities, available-for-sale	-224	686	200	-289
Other comprehensive (loss) income, net of tax	($220)	$686	$213	($289)

Cash_Cash_Equivalents_and_Rest1

Cash, Cash Equivalents and Restricted Cash (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Cash, Cash Equivalents and Restricted Cash	'	'
Cash and cash equivalents	$177,698,000	$227,986,000
Restricted cash deposits kept as collateral for outstanding letters of credit	108,700,000	89,500,000
Restricted cash	'	'
Restricted cash	109,246,000	90,034,000
RMC	'	'
Restricted cash	'	'
Restricted cash	$538,000	$487,000

Segment_Information_Details

Segment Information (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	state		segment
			state
Segment Information	'	'	'	'	'
Number of states in which the entity operates	17	'	17	'	'
Number of reportable segments	'	'	6	'	'
Number of geographic segments	'	'	4	'	'
REVENUES	'	'	'	'	'
Total	$680,192	$576,423	$1,747,264	$1,444,098	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	78,942	53,986	169,315	120,468	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	2,040,394	'	2,040,394	'	1,649,783
OTHER ASSETS	896,260	'	896,260	'	1,130,529
TOTAL ASSETS	2,936,654	'	2,936,654	'	2,780,312
Homebuilding \| North	'	'	'	'	'
REVENUES	'	'	'	'	'
Total	193,066	178,318	480,741	421,818	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	24,422	15,261	50,170	31,342	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	589,415	'	589,415	'	464,777
OTHER ASSETS	51,239	'	51,239	'	48,314
TOTAL ASSETS	640,654	'	640,654	'	513,091
Homebuilding \| Southeast	'	'	'	'	'
REVENUES	'	'	'	'	'
Total	181,821	159,778	449,279	395,605	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	24,864	17,392	56,984	36,507	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	528,715	'	528,715	'	397,237
OTHER ASSETS	29,888	'	29,888	'	24,143
TOTAL ASSETS	558,603	'	558,603	'	421,380
Homebuilding \| Texas	'	'	'	'	'
REVENUES	'	'	'	'	'
Total	142,465	119,993	378,754	297,543	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	12,952	9,879	30,375	23,651	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	359,730	'	359,730	'	290,018
OTHER ASSETS	39,324	'	39,324	'	37,310
TOTAL ASSETS	399,054	'	399,054	'	327,328
Homebuilding \| West	'	'	'	'	'
REVENUES	'	'	'	'	'
Total	150,886	104,820	407,193	289,435	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	18,498	12,217	49,371	30,189	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	562,534	'	562,534	'	497,751
OTHER ASSETS	33,358	'	33,358	'	30,248
TOTAL ASSETS	595,892	'	595,892	'	527,999
Financial Services	'	'	'	'	'
REVENUES	'	'	'	'	'
Total	11,954	13,514	31,297	39,697	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	4,632	6,017	1,312	17,964	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	0	'	0	'	0
OTHER ASSETS	136,398	'	136,398	'	193,652
TOTAL ASSETS	136,398	'	136,398	'	193,652
Corporate and unallocated	'	'	'	'	'
EARNINGS (LOSS) BEFORE TAXES	'	'	'	'	'
Total	-6,426	-6,780	-18,897	-19,185	'
Total assets	'	'	'	'	'
HOUSING INVENTORIES	0	'	0	'	0
OTHER ASSETS	606,053	'	606,053	'	796,862
TOTAL ASSETS	$606,053	'	$606,053	'	$796,862

Earnings_Per_Share_Reconciliat2

Earnings Per Share Reconciliation (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, except Share data, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Earnings Per Share Reconciliation	'	'	'	'
Number of participating securities outstanding (in shares)	0	'	'	'
NUMERATOR	'	'	'	'
Net income from continuing operations	$48,528	$53,558	$104,097	$306,793
Net income from discontinued operations	0	91	0	167
Less: distributed earnings allocated to nonvested restricted stock	0	-3	0	-10
Less: undistributed earnings allocated to nonvested restricted stock	0	-119	-44	-997
Numerator for basic earnings per share	48,528	53,527	104,053	305,953
Plus: undistributed earnings allocated to nonvested restricted stock	0	119	44	997
Less: undistributed earnings reallocated to nonvested restricted stock	0	-96	-35	-824
Numerator for diluted earnings per share	49,556	54,576	107,147	308,720
DENOMINATOR	'	'	'	'
Basic earnings per share-weighted-average shares	46,613,492	46,174,767	46,702,982	45,882,932
Effect of dilutive securities:	'	'	'	'
Share-based payments (in shares)	1,008,349	914,480	1,056,556	995,257
Diluted earnings per share-adjusted weighted-average shares and assumed conversions	58,211,583	57,678,989	58,349,280	55,658,536
NET INCOME PER COMMON SHARE	'	'	'	'
Basic (in dollars per share)	$1.04	$1.16	$2.23	$6.67
Diluted (in dollars per share)	$0.85	$0.95	$1.84	$5.55
1.6 percent convertible senior notes due 2018	'	'	'	'
NUMERATOR	'	'	'	'
Plus: interest on convertible senior notes	729	729	2,187	2,187
Effect of dilutive securities:	'	'	'	'
Convertible senior notes (in shares)	7,023,780	7,023,780	7,023,780	7,023,780
NET INCOME PER COMMON SHARE	'	'	'	'
Interest rate stated percentage	1.60%	'	1.60%	'
0.25 percent convertible senior notes due 2019	'	'	'	'
NUMERATOR	'	'	'	'
Plus: interest on convertible senior notes	$299	$297	$898	$407
Effect of dilutive securities:	'	'	'	'
Convertible senior notes (in shares)	3,565,962	3,565,962	3,565,962	1,756,567
NET INCOME PER COMMON SHARE	'	'	'	'
Interest rate stated percentage	0.25%	'	0.25%	'

Marketable_Securities_Availabl2

Marketable Securities, Available-for-sale (Details) (USD $)	3 Months Ended		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Marketable Securities, Available-for-sale	'	'	'	'	'
Gain from marketable securities, net	$421	$148	$1,254	$1,414	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	212,929	'	212,929	'	313,391
GROSS UNREALIZED GAINS	1,590	'	1,590	'	821
GROSS UNREALIZED LOSSES	-431	'	-431	'	-1,057
ESTIMATED FAIR VALUE	214,088	'	214,088	'	313,155
Total debt securities	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	202,912	'	202,912	'	305,152
GROSS UNREALIZED GAINS	1,589	'	1,589	'	821
GROSS UNREALIZED LOSSES	-431	'	-431	'	-1,057
ESTIMATED FAIR VALUE	204,070	'	204,070	'	304,916
U.S. Treasury securities	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	19,223	'	19,223	'	76,355
GROSS UNREALIZED GAINS	4	'	4	'	149
GROSS UNREALIZED LOSSES	-3	'	-3	'	0
ESTIMATED FAIR VALUE	19,224	'	19,224	'	76,504
Obligations of U.S. government agencies	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	21,039	'	21,039	'	17,074
GROSS UNREALIZED GAINS	1	'	1	'	2
GROSS UNREALIZED LOSSES	-26	'	-26	'	-8
ESTIMATED FAIR VALUE	21,014	'	21,014	'	17,068
Municipal debt securities	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	13,099	'	13,099	'	33,492
GROSS UNREALIZED GAINS	1,436	'	1,436	'	492
GROSS UNREALIZED LOSSES	-310	'	-310	'	-1,008
ESTIMATED FAIR VALUE	14,225	'	14,225	'	32,976
Corporate debt securities	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	132,101	'	132,101	'	157,798
GROSS UNREALIZED GAINS	59	'	59	'	102
GROSS UNREALIZED LOSSES	-80	'	-80	'	-21
ESTIMATED FAIR VALUE	132,080	'	132,080	'	157,879
Asset-backed securities	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	17,450	'	17,450	'	20,433
GROSS UNREALIZED GAINS	89	'	89	'	76
GROSS UNREALIZED LOSSES	-12	'	-12	'	-20
ESTIMATED FAIR VALUE	17,527	'	17,527	'	20,489
Time deposits	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	2	'	2	'	1,606
GROSS UNREALIZED GAINS	0	'	0	'	0
GROSS UNREALIZED LOSSES	0	'	0	'	0
ESTIMATED FAIR VALUE	2	'	2	'	1,606
Short-term pooled investments	'	'	'	'	'
Schedule of fair values of available-for-sale marketable securities	'	'	'	'	'
AMORTIZED COST	10,015	'	10,015	'	6,633
GROSS UNREALIZED GAINS	1	'	1	'	0
GROSS UNREALIZED LOSSES	0	'	0	'	0
ESTIMATED FAIR VALUE	$10,016	'	$10,016	'	$6,633

Marketable_Securities_Availabl3

Marketable Securities, Available-for-sale (Details 2) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Contractual maturity:	'	'
ESTIMATED FAIR VALUE	$214,088	$313,155
Total debt securities	'	'
Contractual maturity:	'	'
Maturing in one year or less	80,094	129,384
Maturing after one year through three years	100,249	154,169
Maturing after three years	23,727	21,363
ESTIMATED FAIR VALUE	204,070	304,916
Time deposits and short-term pooled investments	'	'
Contractual maturity:	'	'
ESTIMATED FAIR VALUE	$10,018	$8,239

Housing_Inventories_Details

Housing Inventories (Details) (USD $)	3 Months Ended		9 Months Ended
Housing Inventories (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Housing Inventories	'	'	'	'	'
Valuation reserves related to impaired inventories	$134,200,000	'	$134,200,000	'	$154,800,000
Net carrying value of impaired inventories	160,000,000	'	160,000,000	'	155,900,000
Preacquisition feasibility costs written off	410,000	463,000	'	'	'
Summary of activity related to capitalized interest	'	'	'	'	'
Capitalized interest, balance at the beginning of the period	'	'	89,619,000	82,773,000	'
Interest capitalized	'	'	51,443,000	42,303,000	'
Interest amortized to cost of sales	'	'	-34,625,000	-37,153,000	'
Capitalized interest, balance at the end of the period	106,437,000	87,923,000	106,437,000	87,923,000	'
Interest incurred	'	'	$52,194,000	$50,874,000	'
Total continuing operations	'	'	'	'	'
Lots	'	'	'	'	'
LOTS OWNED	25,978	'	25,978	'	23,540
LOTS OPTIONED	14,872	'	14,872	'	14,602
TOTAL	40,850	'	40,850	'	38,142
Total continuing operations \| North	'	'	'	'	'
Lots	'	'	'	'	'
LOTS OWNED	7,512	'	7,512	'	6,382
LOTS OPTIONED	6,749	'	6,749	'	7,455
TOTAL	14,261	'	14,261	'	13,837
Total continuing operations \| Southeast	'	'	'	'	'
Lots	'	'	'	'	'
LOTS OWNED	8,586	'	8,586	'	8,114
LOTS OPTIONED	4,136	'	4,136	'	2,439
TOTAL	12,722	'	12,722	'	10,553
Total continuing operations \| Texas	'	'	'	'	'
Lots	'	'	'	'	'
LOTS OWNED	4,156	'	4,156	'	3,886
LOTS OPTIONED	3,049	'	3,049	'	3,147
TOTAL	7,205	'	7,205	'	7,033
Total continuing operations \| West	'	'	'	'	'
Lots	'	'	'	'	'
LOTS OWNED	5,724	'	5,724	'	5,158
LOTS OPTIONED	938	'	938	'	1,561
TOTAL	6,662	'	6,662	'	6,719

Goodwill_and_Other_Intangible_1

Goodwill and Other Intangible Assets (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Millions, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
Goodwill and Other Intangible Assets	'	'
Goodwill	$36.90	$37.10
North	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	13.6	13.7
Southeast	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	8.1	8.1
Texas	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	6.5	6.6
West	'	'
Goodwill and Other Intangible Assets	'	'
Goodwill	$8.70	$8.70

Variable_Interest_Entities_VIE1

Variable Interest Entities ("VIE") (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
Lot Option Purchase Disclosures	'	'
Consolidated inventory not owned	$31,325,000	$33,176,000
Noncontrolling interest	14,598,000	15,879,000
Primary variable interest \| Lot option purchase contracts	'	'
Lot Option Purchase Disclosures	'	'
Consolidated inventory not owned	31,300,000	33,200,000
Cash deposits	16,700,000	17,300,000
Noncontrolling interest	14,600,000	15,900,000
Not primary variable interest \| Lot option purchase contracts	'	'
Lot Option Purchase Disclosures	'	'
Cash deposits and/or letters of credit	34,900,000	36,600,000
Aggregate purchase price	$488,600,000	$482,800,000

Investments_in_Joint_Ventures_1

Investments in Joint Ventures (Details) (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
	item	Sep. 30, 2013	item	Sep. 30, 2013	Dec. 31, 2013
Investments in Joint Ventures	'	'	'	'	'
Number of active homebuilding joint ventures	6	'	6	'	'
Unconsolidated Joint Ventures	'	'	'	'	'
Investments in unconsolidated joint ventures	$12,500,000	'	$12,500,000	'	$12,600,000
Equity in earnings from unconsolidated joint ventures	$175,000	$546,000	$538,000	$787,000	'
Joint ventures	'	'	'	'	'
Lots	'	'	'	'	'
JV Lots Optioned	626	'	626	'	628
North \| Joint ventures	'	'	'	'	'
Lots	'	'	'	'	'
JV Lots Optioned	155	'	155	'	150
Texas \| Joint ventures	'	'	'	'	'
Lots	'	'	'	'	'
JV Lots Optioned	245	'	245	'	252
West \| Joint ventures	'	'	'	'	'
Lots	'	'	'	'	'
JV Lots Optioned	226	'	226	'	226

Debt_and_Credit_Facilities_Det

Debt and Credit Facilities (Details) (USD $)

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Sep. 30, 2014

Dec. 31, 2013

Dec. 31, 2011

Sep. 30, 2014

Jun. 30, 2014

5.4 percent senior notes due January 2015

8.4 percent senior notes due May 2017

6.6 percent senior notes due May 2020

5.4 percent senior notes due October 2022

1.6 percent convertible senior notes due May 2018

0.25 percent convertible senior notes due June 2019

Seller-financed nonrecourse secured notes

Repurchase credit facility

Warehouse line of credit

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

Comerica Bank

RMCMC

Debt

Total senior notes and convertible senior notes

$1,398,981,000

$126,481,000

$230,000,000

$300,000,000

$250,000,000

$225,000,000

$267,500,000

Debt discount

-1,851,000

-2,362,000

Senior notes and convertible senior notes, net

1,397,130,000

1,396,619,000

Secured notes payable

5,750,000

689,000

5,700,000

689,000

Total debt

1,402,880,000

1,397,308,000

Financial services credit facilities

79,228,000

73,084,000

33,800,000

73,100,000

45,400,000

Other debt disclosures

Interest rate stated percentage

5.40%

8.40%

6.60%

5.40%

1.60%

0.25%

Letters of credit outstanding

107,700,000

93,600,000

Maximum borrowing capacity

$100,000,000

$50,000,000

Weighted average interest rate (as a percent)

3.40%

3.00%

Fair_Values_of_Financial_and_N2

Fair Values of Financial and Nonfinancial Instruments (Details) (USD $)	Sep. 30, 2014	Dec. 31, 2013
	loan	loan
Fair value measurement for financial instruments	'	'
Senior notes, net	$1,397,130,000	$1,396,619,000
Marketable securities, available-for-sale	214,088,000	313,155,000
Mortgage loans held-for-sale, unpaid principal balance	84,800,000	137,500,000
Mortgage loans held-for-sale, difference between the aggregate fair value and the aggregate unpaid principal balance	2,300,000	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	19,224,000	76,504,000
Obligations of U.S. government agencies	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	21,014,000	17,068,000
Municipal debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	14,225,000	32,976,000
Corporate debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	132,080,000	157,879,000
Asset-backed securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	17,527,000	20,489,000
Time deposits	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	2,000	1,606,000
Short-term pooled investments	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	10,016,000	6,633,000
Level 1 \| Recurring Measurement \| U.S. Treasury securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	19,224,000	76,504,000
Level 1 \| Recurring Measurement \| Obligations of U.S. government agencies	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	21,014,000	17,068,000
Level 1 \| Recurring Measurement \| Short-term pooled investments	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	10,016,000	6,633,000
Level 2 \| Recurring Measurement \| Mortgage loans held-for-sale	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	87,141,000	139,576,000
Level 2 \| Recurring Measurement \| Mortgage interest rate lock commitments ("IRLCs")	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	6,594,000	5,218,000
Level 2 \| Recurring Measurement \| Forward-delivery contracts	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	-550,000	2,261,000
Level 2 \| Recurring Measurement \| Municipal debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	14,225,000	32,976,000
Level 2 \| Recurring Measurement \| Corporate debt securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	132,080,000	157,879,000
Level 2 \| Recurring Measurement \| Asset-backed securities	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	17,527,000	20,489,000
Level 2 \| Recurring Measurement \| Time deposits	'	'
Fair value measurement for financial instruments	'	'
Marketable securities, available-for-sale	2,000	1,606,000
Carrying value	'	'
Fair value measurement for financial instruments	'	'
Senior notes, net	1,400,000,000	1,400,000,000
Total Fair Value	'	'
Fair value measurement for financial instruments	'	'
Senior notes, net	$1,500,000,000	$1,600,000,000

Fair_Values_of_Financial_and_N3

Fair Values of Financial and Nonfinancial Instruments (Details 2) (Mortgage interest rate lock commitments ("IRLCs"), USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
Mortgage interest rate lock commitments ("IRLCs")	'	'	'	'
Financial and nonfinancial instruments	'	'	'	'
Gains (losses) realized on the IRLC pipeline	($1,800,000)	$7,900,000	$1,400,000	$5,000,000
Gains (losses) from instruments used to hedge IRLCs	-951,000	-3,300,000	-8,200,000	7,000,000
Gains on loan sales	$7,700,000	$2,300,000	$20,500,000	$10,600,000

Income_Taxes_Details

Income Taxes (Details) (USD $)	3 Months Ended			9 Months Ended
In Millions, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Jun. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Income Taxes	'	'	'	'	'	'
Reversal of valuation allowance against the company's deferred tax assets	'	'	$187.50	'	'	'
Net deferred tax assets	126.4	'	'	126.4	'	185.9
Valuation allowance against deferred tax assets	$0	'	$46.40	$0	'	$0
Overall effective income tax expense (benefit) rate (as a percent)	38.50%	0.80%	'	38.50%	-154.50%	'
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)	9 Months Ended
	Sep. 30, 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		9 Months Ended
	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013
Costs recognized and benefits paid	'	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, gross	$6,000	'	$21,000	'	'
Supplemental Executive Retirement plan	'	'	'	'	'
Employee benefit plan	'	'	'	'	'
Retirement plan vesting period	'	'	'5 years	'	'
Value of assets held in trust	15,400,000	'	15,400,000	'	15,200,000
Costs recognized and benefits paid	'	'	'	'	'
Service costs	0	11,000	0	31,000	'
Interest costs	204,000	215,000	498,000	644,000	'
Amortization of actuarial loss on defined benefit pension plan, gross	7,000	0	21,000	0	'
Total costs	211,000	226,000	519,000	675,000	'
Benefits paid	0	0	90,000	0	'
Investment gain (loss)	-202,000	653,000	351,000	1,400,000	'
Projected benefit obligations	15,800,000	'	15,800,000	'	15,400,000
Weighted-average discount rate (as a percent)	2.10%	5.50%	2.10%	5.50%	'
Expected future payouts	'	'	'	'	'
2015	1,500,000	'	1,500,000	'	'
2016	90,000	'	90,000	'	'
2017	5,700,000	'	5,700,000	'	'
2018	4,600,000	'	4,600,000	'	'
2019 through 2023	$3,200,000	'	$3,200,000	'	'

StockBased_Compensation_Detail

Stock-Based Compensation (Details) (USD $)	3 Months Ended		9 Months Ended		12 Months Ended
Stock-Based Compensation (Details) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Stock option / award activity	'	'	'	'	'	'
Available for future grant (in shares)	3,395,345	'	3,395,345	'	3,303,855	'
Stock options / awards	'	'	'	'	'	'
Stock-based compensation expense	$3,600,000	$4,500,000	$13,700,000	$13,700,000	'	'
Intrinsic values of stock options exercised	175,000	756,000	8,100,000	14,100,000	'	'
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)	'	'	-549,400	-815,394	'	'
Forfeited (in shares)	'	'	-62,473	-60,289	'	'
Options outstanding at the end of the period (in shares)	1,714,328	2,543,740	1,714,328	2,543,740	2,326,201	3,419,423
Available for future grant (in shares)	3,395,345	3,132,053	3,395,345	3,132,053	'	'
Total shares reserved at the end of period	5,109,673	5,675,793	5,109,673	5,675,793	'	'
Options exercisable at the end of period (in shares)	1,501,331	1,839,432	1,501,331	1,839,432	'	'
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)	'	'	$29.06	$25.07	'	'
Forfeited (in dollars per option)	'	'	$48.90	$21.24	'	'
Options outstanding at the end of the period (in dollars per option)	$25.57	$27.65	$25.57	$27.65	$27.02	$26.92
Options exercisable at the end of period (in dollars per option)	$26.56	$31.38	$26.56	$31.38	'	'
WEIGHTED-AVERAGE REMAINING CONTRACTUAL LIFE (in years)	'	'	'	'	'	'
Weighted average remaining contractual life, Options outstanding at the end of the period	'	'	'2 years 1 month 6 days	'2 years 6 months	'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	'	'	'1 year 9 months 18 days	'1 year 8 months 12 days	'	'
AGGREGATE INTRINSIC VALUE	'	'	'	'	'	'
Aggregate intrinsic value, Options outstanding at the end of the period	20,732,000	40,113,000	20,732,000	40,113,000	'	'
Aggregate intrinsic value, Options exercisable at the end of period	17,615,000	24,172,000	17,615,000	24,172,000	'	'
Stock options / awards	'	'	'	'	'	'
Stock-based compensation expense	429,000	699,000	1,600,000	2,800,000	'	'
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	189,000	205,000	625,000	589,000	'	'
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)	117,830	'	117,830	'	138,830	'
Restricted stock units \| Senior executive officers	'	'	'	'	'	'
Stock options / awards	'	'	'	'	'	'
Stock-based compensation expense	$3,000,000	$3,600,000	$11,500,000	$10,300,000	'	'

StockBased_Compensation_Detail1

Stock-Based Compensation (Details 2) (Restricted stock units)	9 Months Ended
	Sep. 30, 2014	Sep. 30, 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	-354,369
Shares forfeited	-3,828	-21,534
Restricted stock units at the end of the period (in shares)	368,084	541,908
Outstanding restricted shares vesting schedule	'	'
Outstanding restricted stock unit awards, vesting in 2015 (in shares)	243,607	'
Outstanding restricted stock unit awards, vesting in 2016 (in shares)	83,238	'
Outstanding restricted stock unit awards, vesting in 2017 (in shares)	41,239	'

Commitments_and_Contingencies_1

Commitments and Contingencies (Details) (USD $)	9 Months Ended	12 Months Ended
In Millions, unless otherwise specified	Sep. 30, 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)	88.00%	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	229.5	269.2	'	'	'	'
Development bonds	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Guarantee obligations estimated exposure pertaining to land development and improvements	177.1	138.9	'	'	'	'
Performance-related cash deposits and letters of credit	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Guarantee obligations estimated exposure pertaining to land development and improvements	81.8	64	'	'	'	'
Prime	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Mortgage loan types originated (as a percent)	67.20%	57.20%	48.60%	42.20%	34.90%	32.90%
Government (FHA/VA/USDA)	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Mortgage loan types originated (as a percent)	32.80%	42.80%	51.40%	57.80%	65.10%	67.10%
Lot option purchase contracts	'	'	'	'	'	'
Commitments and Contingencies	'	'	'	'	'	'
Cash deposits and/or letters of credit	73.7	73	'	'	'	'
Aggregate purchase price	900.6	869.1	'	'	'	'
Purchase commitments, specific performance	2.6	2.5	'	'	'	'

Commitments_and_Contingencies_2

Commitments and Contingencies (Details 2) (USD $)	3 Months Ended	9 Months Ended
	Jun. 30, 2014	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 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	'	6,176,000	1,072,000	'	'	'	'
Settlements made	'	-15,231,000	-592,000	'	'	'	'
Balance at the end of the period	'	2,417,000	10,964,000	'	'	'	'
Increase in legal reserve related to the settlement of Ryland Mortgage Company's lawsuit with Countrywide	5,800,000	'	'	'	'	'	'
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	'	8,192,000	5,651,000	'	'	'	'
Changes in liability for accruals related to pre-existing warranties	'	1,190,000	739,000	'	'	'	'
Settlements made	'	-7,561,000	-4,419,000	'	'	'	'
Balance at the end of the period	'	24,960,000	20,159,000	'	'	'	'
Changes in entity's subcontractor insurance reserves	'	'	'	'	'	'	'
Balance at the beginning of period	'	'	'	13,857,000	14,813,000	'	'
Insurance expense provisions or adjustments	'	'	'	2,400,000	0	'	'
Loss expenses paid	'	'	'	-4,177,000	-1,380,000	'	'
Balance at the end of period	'	'	'	12,080,000	13,433,000	'	'
Changes in entity's legal reserves	'	'	'	'	'	'	'
Legal reserves	'	'	'	'	'	7,900,000	17,200,000
Reasonably possible losses in excess of amounts accrued	'	'	'	'	'	$1,500,000	'

Supplemental_Guarantor_Informa2

Supplemental Guarantor Information (Details)	9 Months Ended
Supplemental Guarantor Information (Details)	Sep. 30, 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		9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATING STATEMENTS OF EARNINGS	'	'	'	'
REVENUES	$680,192	$576,423	$1,747,264	$1,444,098
EXPENSES	602,311	523,066	1,581,003	1,326,160
OTHER INCOME	1,061	629	3,054	2,530
Income from continuing operations before taxes	78,942	53,986	169,315	120,468
Tax expense (benefit)	30,414	428	65,218	-186,325
Equity in net earnings of subsidiaries	0	0	0	0
NET INCOME FROM CONTINUING OPERATIONS	48,528	53,558	104,097	306,793
Income (loss) from discontinued operations, net of taxes	0	91	0	167
NET INCOME	48,528	53,649	104,097	306,960
CONSOLIDATING ELIMINATIONS	'	'	'	'
CONSOLIDATING STATEMENTS OF EARNINGS	'	'	'	'
REVENUES	-15,339	-10,318	-36,859	-29,283
EXPENSES	-15,339	-10,318	-36,859	-29,283
OTHER INCOME	0	0	0	0
Income from continuing operations before taxes	0	0	0	0
Tax expense (benefit)	0	0	0	0
Equity in net earnings of subsidiaries	-21,436	-25,847	-45,019	-148,367
NET INCOME FROM CONTINUING OPERATIONS	'	-25,847	-45,019	-148,367
Income (loss) from discontinued operations, net of taxes	'	21	'	-20
NET INCOME	-21,436	-25,826	-45,019	-148,387
TRG, INC. \| Reportable legal entities	'	'	'	'
CONSOLIDATING STATEMENTS OF EARNINGS	'	'	'	'
REVENUES	363,306	323,969	911,447	795,603
EXPENSES	319,887	297,739	817,494	741,527
OTHER INCOME	653	434	2,138	2,116
Income from continuing operations before taxes	44,072	26,664	96,091	56,192
Tax expense (benefit)	16,980	-1,047	37,013	-102,234
Equity in net earnings of subsidiaries	21,436	25,847	45,019	148,367
NET INCOME FROM CONTINUING OPERATIONS	'	53,558	104,097	306,793
Income (loss) from discontinued operations, net of taxes	'	91	'	167
NET INCOME	48,528	53,649	104,097	306,960
GUARANTOR SUBSIDIARIES \| Reportable legal entities	'	'	'	'
CONSOLIDATING STATEMENTS OF EARNINGS	'	'	'	'
REVENUES	320,271	249,258	841,379	638,081
EXPENSES	290,377	228,148	770,294	592,183
OTHER INCOME	344	195	827	414
Income from continuing operations before taxes	30,238	21,305	71,912	46,312
Tax expense (benefit)	11,650	1,433	27,700	-84,262
Equity in net earnings of subsidiaries	0	0	0	0
NET INCOME FROM CONTINUING OPERATIONS	'	19,872	44,212	130,574
Income (loss) from discontinued operations, net of taxes	'	-21	'	20
NET INCOME	18,588	19,851	44,212	130,594
NON-GUARANTOR SUBSIDIARIES \| Reportable legal entities	'	'	'	'
CONSOLIDATING STATEMENTS OF EARNINGS	'	'	'	'
REVENUES	11,954	13,514	31,297	39,697
EXPENSES	7,386	7,497	30,074	21,733
OTHER INCOME	64	0	89	0
Income from continuing operations before taxes	4,632	6,017	1,312	17,964
Tax expense (benefit)	1,784	42	505	171
Equity in net earnings of subsidiaries	0	0	0	0
NET INCOME FROM CONTINUING OPERATIONS	'	5,975	807	17,793
Income (loss) from discontinued operations, net of taxes	'	0	'	0
NET INCOME	$2,848	$5,975	$807	$17,793

Supplemental_Guarantor_Informa4

Supplemental Guarantor Information (Details 3) (USD $)	3 Months Ended		9 Months Ended
Supplemental Guarantor Information (Details 3) (USD $)	Sep. 30, 2014	Sep. 30, 2013	Sep. 30, 2014	Sep. 30, 2013
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'	'	'
Net income	$48,528,000	$53,649,000	$104,097,000	$306,960,000
Other comprehensive (loss) income, net of tax:	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	4,000	0	13,000	0
Unrealized (loss) gain on marketable securities, available-for-sale, net	-224,000	686,000	200,000	-289,000
Other comprehensive (loss) income, net of tax	-220,000	686,000	213,000	-289,000
Comprehensive income	48,308,000	54,335,000	104,310,000	306,671,000
CONSOLIDATING ELIMINATIONS	'	'	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'	'	'
Net income	-21,436,000	-25,826,000	-45,019,000	-148,387,000
Other comprehensive (loss) income, net of tax:	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	0	'	0	'
Unrealized (loss) gain on marketable securities, available-for-sale, net	0	0	0	0
Other comprehensive (loss) income, net of tax	0	0	0	0
Comprehensive income	-21,436,000	-25,826,000	-45,019,000	-148,387,000
TRG, INC. \| Reportable legal entities	'	'	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'	'	'
Net income	48,528,000	53,649,000	104,097,000	306,960,000
Other comprehensive (loss) income, net of tax:	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	4,000	'	13,000	'
Unrealized (loss) gain on marketable securities, available-for-sale, net	-224,000	686,000	200,000	-289,000
Other comprehensive (loss) income, net of tax	-220,000	686,000	213,000	-289,000
Comprehensive income	48,308,000	54,335,000	104,310,000	306,671,000
GUARANTOR SUBSIDIARIES \| Reportable legal entities	'	'	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'	'	'
Net income	18,588,000	19,851,000	44,212,000	130,594,000
Other comprehensive (loss) income, net of tax:	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	0	'	0	'
Unrealized (loss) gain on marketable securities, available-for-sale, net	0	0	0	0
Other comprehensive (loss) income, net of tax	0	0	0	0
Comprehensive income	18,588,000	19,851,000	44,212,000	130,594,000
NON-GUARANTOR SUBSIDIARIES \| Reportable legal entities	'	'	'	'
CONSOLIDATING STATEMENTS OF OTHER COMPREHENSIVE INCOME	'	'	'	'
Net income	2,848,000	5,975,000	807,000	17,793,000
Other comprehensive (loss) income, net of tax:	'	'	'	'
Amortization of actuarial loss on defined benefit pension plan, net	0	'	0	'
Unrealized (loss) gain on marketable securities, available-for-sale, net	0	0	0	0
Other comprehensive (loss) income, net of tax	0	0	0	0
Comprehensive income	$2,848,000	$5,975,000	$807,000	$17,793,000

Supplemental_Guarantor_Informa5

Supplemental Guarantor Information (Details 4) (USD $)	Sep. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified	Sep. 30, 2014	Dec. 31, 2013
ASSETS	'	'
Cash and cash equivalents	$177,698	$227,986
Marketable securities and restricted cash	323,334	403,189
Consolidated inventory owned	2,009,069	1,616,607
Consolidated inventory not owned	31,325	33,176
Total housing inventories	2,040,394	1,649,783
Investment in subsidiaries	0	0
Intercompany receivables	0	0
Other assets	395,228	499,354
Assets of discontinued operations	0	30
TOTAL ASSETS	2,936,654	2,780,342
LIABILITIES	'	'
Accounts payable and other accrued liabilities	436,960	385,521
Financial services credit facilities	79,228	73,084
Debt	1,402,880	1,397,308
Intercompany payables	0	0
Liabilities of discontinued operations	0	504
TOTAL LIABILITIES	1,919,068	1,856,417
EQUITY	'	'
STOCKHOLDERS' EQUITY	1,002,988	908,046
NONCONTROLLING INTEREST	14,598	15,879
TOTAL LIABILITIES AND EQUITY	2,936,654	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	-407,410	-369,580
Intercompany receivables	-473,273	-517,057
Other assets	0	0
Assets of discontinued operations	'	0
TOTAL ASSETS	-880,683	-886,637
LIABILITIES	'	'
Accounts payable and other accrued liabilities	0	0
Financial services credit facilities	0	0
Debt	0	0
Intercompany payables	-473,273	-517,057
Liabilities of discontinued operations	'	0
TOTAL LIABILITIES	-473,273	-517,057
EQUITY	'	'
STOCKHOLDERS' EQUITY	-407,410	-369,580
NONCONTROLLING INTEREST	0	0
TOTAL LIABILITIES AND EQUITY	-880,683	-886,637
TRG, INC. \| Reportable legal entities	'	'
ASSETS	'	'
Cash and cash equivalents	17,289	25,521
Marketable securities and restricted cash	298,536	377,267
Consolidated inventory owned	1,248,991	955,943
Consolidated inventory not owned	16,727	17,297
Total housing inventories	1,265,718	973,240
Investment in subsidiaries	407,410	369,580
Intercompany receivables	473,273	517,057
Other assets	237,195	290,153
Assets of discontinued operations	'	0
TOTAL ASSETS	2,699,421	2,552,818
LIABILITIES	'	'
Accounts payable and other accrued liabilities	293,553	247,328
Financial services credit facilities	0	0
Debt	1,402,880	1,397,308
Intercompany payables	0	0
Liabilities of discontinued operations	'	136
TOTAL LIABILITIES	1,696,433	1,644,772
EQUITY	'	'
STOCKHOLDERS' EQUITY	1,002,988	908,046
NONCONTROLLING INTEREST	0	0
TOTAL LIABILITIES AND EQUITY	2,699,421	2,552,818
GUARANTOR SUBSIDIARIES \| Reportable legal entities	'	'
ASSETS	'	'
Cash and cash equivalents	151,182	193,356
Marketable securities and restricted cash	0	0
Consolidated inventory owned	760,078	660,664
Consolidated inventory not owned	0	0
Total housing inventories	760,078	660,664
Investment in subsidiaries	0	0
Intercompany receivables	0	0
Other assets	59,103	54,052
Assets of discontinued operations	'	30
TOTAL ASSETS	970,363	908,102
LIABILITIES	'	'
Accounts payable and other accrued liabilities	122,712	106,420
Financial services credit facilities	0	0
Debt	0	0
Intercompany payables	467,377	465,252
Liabilities of discontinued operations	'	368
TOTAL LIABILITIES	590,089	572,040
EQUITY	'	'
STOCKHOLDERS' EQUITY	380,274	336,062
NONCONTROLLING INTEREST	0	0
TOTAL LIABILITIES AND EQUITY	970,363	908,102
NON-GUARANTOR SUBSIDIARIES \| Reportable legal entities	'	'
ASSETS	'	'
Cash and cash equivalents	9,227	9,109
Marketable securities and restricted cash	24,798	25,922
Consolidated inventory owned	0	0
Consolidated inventory not owned	14,598	15,879
Total housing inventories	14,598	15,879
Investment in subsidiaries	0	0
Intercompany receivables	0	0
Other assets	98,930	155,149
Assets of discontinued operations	'	0
TOTAL ASSETS	147,553	206,059
LIABILITIES	'	'
Accounts payable and other accrued liabilities	20,695	31,773
Financial services credit facilities	79,228	73,084
Debt	0	0
Intercompany payables	5,896	51,805
Liabilities of discontinued operations	'	0
TOTAL LIABILITIES	105,819	156,662
EQUITY	'	'
STOCKHOLDERS' EQUITY	27,136	33,518
NONCONTROLLING INTEREST	14,598	15,879
TOTAL LIABILITIES AND EQUITY	$147,553	$206,059

Supplemental_Guarantor_Informa6

Supplemental Guarantor Information (Details 5) (USD $)	3 Months Ended				9 Months Ended
In Thousands, unless otherwise specified	Sep. 30, 2014		Sep. 30, 2013		Sep. 30, 2014		Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES	'		'		'		'
Net income (loss) from continuing operations	$48,528		$53,558		$104,097		$306,793
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	'		'		30,470		-204,146
Changes in assets and liabilities	'		'		-252,740		-330,191
Other operating activities, net	'		'		-883		-728
Net cash used for operating activities from continuing operations	'		'		-119,056		-228,272
CASH FLOWS FROM INVESTING ACTIVITIES	'		'		'		'
Return of investment in (contributions to) unconsolidated joint ventures, net	'		'		772		-3,439
Additions to property, plant and equipment	'		'		-15,990		-14,475
Purchases of marketable securities, available-for-sale	'		'		-367,851		-615,755
Proceeds from sales and maturities of marketable securities, available-for-sale	'		'		470,557		634,272
Cash paid for business acquisitions	'		'		0		-50,887
Net cash provided by (used for) investing activities from continuing operations	'		'		87,488		-50,284
CASH FLOWS FROM FINANCING ACTIVITIES	'		'		'		'
Increase in debt	'		'		5,061		262,951
Borrowings against revolving credit facilities, net	'		'		6,144		0
Common stock dividends, repurchases and stock-based compensation	'		'		-10,659		23,247
Increase in restricted cash	'		'		-19,212		-21,155
Intercompany balances	'		'		0		0
Other financing activities	'		'		-54		-43
Net cash (used for) provided by financing activities from continuing operations	'		'		-18,720		265,000
Net decrease in cash and cash equivalents from continuing operations	'		'		-50,288		-13,556
Cash flows from operating activities-discontinued operations	'		'		-27		-24
Cash flows from investing activities-discontinued operations	'		'		0		24
Cash and cash equivalents at beginning of period	'		'		228,013	[1]	158,114	[1]
CASH AND CASH EQUIVALENTS AT END OF PERIOD	177,698	[2]	144,558	[2]	177,698	[2]	144,558	[2]
CONSOLIDATING ELIMINATIONS	'		'		'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'		'		'
Net income (loss) from continuing operations	'		-25,847		-45,019		-148,367
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	'		'		45,019		148,367
Other operating activities, net	'		'		0		0
Net cash used for operating activities from continuing operations	'		'		0		0
CASH FLOWS FROM INVESTING ACTIVITIES	'		'		'		'
Return of investment in (contributions to) 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
Cash paid for business acquisitions	'		'		'		0
Net cash provided by (used for) investing activities from continuing operations	'		'		0		0
CASH FLOWS FROM FINANCING ACTIVITIES	'		'		'		'
Increase in debt	'		'		0		0
Borrowings against revolving credit facilities, net	'		'		0		'
Common stock dividends, repurchases and stock-based compensation	'		'		0		0
Increase in restricted cash	'		'		0		0
Intercompany balances	'		'		0		0
Other financing activities	'		'		0		0
Net cash (used for) provided by financing activities from continuing operations	'		'		0		0
Net decrease 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
Cash and cash equivalents at beginning of period	'		'		0		0
CASH AND CASH EQUIVALENTS AT END OF PERIOD	0		0		0		0
TRG, INC. \| Reportable legal entities	'		'		'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'		'		'
Net income (loss) from continuing operations	'		53,558		104,097		306,793
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	'		'		23,073		-210,059
Changes in assets and liabilities	'		'		-245,509		-271,647
Other operating activities, net	'		'		-883		-728
Net cash used for operating activities from continuing operations	'		'		-119,222		-175,641
CASH FLOWS FROM INVESTING ACTIVITIES	'		'		'		'
Return of investment in (contributions to) unconsolidated joint ventures, net	'		'		772		78
Additions to property, plant and equipment	'		'		-10,337		-6,558
Purchases of marketable securities, available-for-sale	'		'		-366,526		-612,930
Proceeds from sales and maturities of marketable securities, available-for-sale	'		'		468,057		629,773
Cash paid for business acquisitions	'		'		'		-19,880
Net cash provided by (used for) investing activities from continuing operations	'		'		91,966		-9,517
CASH FLOWS FROM FINANCING ACTIVITIES	'		'		'		'
Increase in debt	'		'		5,061		262,951
Borrowings against revolving credit facilities, net	'		'		0		'
Common stock dividends, repurchases and stock-based compensation	'		'		-10,659		23,247
Increase in restricted cash	'		'		-19,161		-16,455
Intercompany balances	'		'		43,783		-94,339
Other financing activities	'		'		0		0
Net cash (used for) provided by financing activities from continuing operations	'		'		19,024		175,404
Net decrease in cash and cash equivalents from continuing operations	'		'		-8,232		-9,754
Cash flows from operating activities-discontinued operations	'		'		0		0
Cash flows from investing activities-discontinued operations	'		'		'		0
Cash and cash equivalents at beginning of period	'		'		25,521		32,130
CASH AND CASH EQUIVALENTS AT END OF PERIOD	17,289		22,376		17,289		22,376
GUARANTOR SUBSIDIARIES \| Reportable legal entities	'		'		'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'		'		'
Net income (loss) from continuing operations	'		19,872		44,212		130,574
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	'		'		7,101		5,729
Changes in assets and liabilities	'		'		-89,951		-218,114
Other operating activities, net	'		'		0		0
Net cash used for operating activities from continuing operations	'		'		-38,638		-81,811
CASH FLOWS FROM INVESTING ACTIVITIES	'		'		'		'
Return of investment in (contributions to) unconsolidated joint ventures, net	'		'		0		-3,517
Additions to property, plant and equipment	'		'		-5,608		-7,341
Purchases of marketable securities, available-for-sale	'		'		0		0
Proceeds from sales and maturities of marketable securities, available-for-sale	'		'		0		0
Cash paid for business acquisitions	'		'		'		-31,007
Net cash provided by (used for) investing activities from continuing operations	'		'		-5,608		-41,865
CASH FLOWS FROM FINANCING ACTIVITIES	'		'		'		'
Increase in debt	'		'		0		0
Borrowings against revolving credit facilities, net	'		'		0		'
Common stock dividends, repurchases and stock-based compensation	'		'		0		0
Increase in restricted cash	'		'		0		0
Intercompany balances	'		'		2,126		117,952
Other financing activities	'		'		-54		-43
Net cash (used for) provided by financing activities from continuing operations	'		'		2,072		117,909
Net decrease in cash and cash equivalents from continuing operations	'		'		-42,174		-5,767
Cash flows from operating activities-discontinued operations	'		'		-27		-24
Cash flows from investing activities-discontinued operations	'		'		'		24
Cash and cash equivalents at beginning of period	'		'		193,383		117,865
CASH AND CASH EQUIVALENTS AT END OF PERIOD	151,182		112,098		151,182		112,098
NON-GUARANTOR SUBSIDIARIES \| Reportable legal entities	'		'		'		'
CASH FLOWS FROM OPERATING ACTIVITIES	'		'		'		'
Net income (loss) from continuing operations	'		5,975		807		17,793
Adjustments to reconcile net income (loss) from continuing operations to net cash (used for) provided by operating activities	'		'		296		184
Changes in assets and liabilities	'		'		37,701		11,203
Other operating activities, net	'		'		0		0
Net cash used for operating activities from continuing operations	'		'		38,804		29,180
CASH FLOWS FROM INVESTING ACTIVITIES	'		'		'		'
Return of investment in (contributions to) unconsolidated joint ventures, net	'		'		0		0
Additions to property, plant and equipment	'		'		-45		-576
Purchases of marketable securities, available-for-sale	'		'		-1,325		-2,825
Proceeds from sales and maturities of marketable securities, available-for-sale	'		'		2,500		4,499
Cash paid for business acquisitions	'		'		'		0
Net cash provided by (used for) investing activities from continuing operations	'		'		1,130		1,098
CASH FLOWS FROM FINANCING ACTIVITIES	'		'		'		'
Increase in debt	'		'		0		0
Borrowings against revolving credit facilities, net	'		'		6,144		'
Common stock dividends, repurchases and stock-based compensation	'		'		0		0
Increase in restricted cash	'		'		-51		-4,700
Intercompany balances	'		'		-45,909		-23,613
Other financing activities	'		'		0		0
Net cash (used for) provided by financing activities from continuing operations	'		'		-39,816		-28,313
Net decrease in cash and cash equivalents from continuing operations	'		'		118		1,965
Cash flows from operating activities-discontinued operations	'		'		0		0
Cash flows from investing activities-discontinued operations	'		'		'		0
Cash and cash equivalents at beginning of period	'		'		9,109		8,119
CASH AND CASH EQUIVALENTS AT END OF PERIOD	$9,227		$10,084		$9,227		$10,084

[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 September 30, 2013.

Transactions_with_Affiliates_D

Transactions with Affiliates (Details) (Affiliates of the Company's Philadelphia division, Promissory notes, USD $)	Sep. 30, 2014	Dec. 31, 2013	Dec. 31, 2013
	Sep. 30, 2014	Dec. 31, 2013	Maximum
Transactions with Affiliates	'	'	'
Amount of notes receivable	'	$1,500,000	'
Notes receivable term	'	'	'3 years
Outstanding balance	$126,000	$1,300,000	'