Quarterly report pursuant to Section 13 or 15(d)

Investments in Unconsolidated Entities (Details 1)

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Investments in Unconsolidated Entities (Details 1) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2014
Dec. 31, 2013
Schedule of Equity Method Investments [Line Items]    
Cash $ 4,759 $ 7,299
Real estate 34,445 34,949
Other assets 2,807 3,067
Total assets 42,011 45,315
Accounts payable and other liabilities 4,349 2,889
Notes and mortgages payable 13,347 13,453
Total liabilities and equity 42,011 45,315
Meritage Homes [Member]
    
Schedule of Equity Method Investments [Line Items]    
JV Equity 7,838 [1] 10,332 [1]
JV Partners [Member]
    
Schedule of Equity Method Investments [Line Items]    
JV Equity $ 16,477 $ 18,641
[1] Balance represents Meritage’s interest, as reflected in the financial records of the respective joint ventures. This balance may differ from the balance reflected in our consolidated financial statements due to the following reconciling items: (i) timing differences for revenue and distributions recognition, (ii) step-up basis and corresponding amortization, (iii) income deferrals as discussed in Note (2) below and (iv) the cessation of allocation of losses from joint ventures in which we have previously written down our investment balance to zero and where we have no commitment to fund additional losses.