Quarterly report pursuant to Section 13 or 15(d)

VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)

v3.5.0.2
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Jun. 30, 2016
USD ($)
lot
Projected Number of Lots  
Purchase and option contracts recorded on balance sheet as Real estate not owned | lot 0
Option contracts not recorded on balance sheet — non-refundable deposits, committed | lot 4,989 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed | lot 3,771 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed | lot 1,275
Total committed (on and off balance sheet) | lot 10,035
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted | lot 6,575 [2]
Total lots under contract or option | lot 16,610
Total purchase and option contracts not recorded on balance sheet | lot 16,610 [3]
Purchase Price  
Purchase and option contracts recorded on balance sheet as Real estate not owned $ 0
Option contracts not recorded on balance sheet — non-refundable deposits, committed 478,880 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 204,837 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 76,101
Total committed (on and off balance sheet) 759,818
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 326,909 [2]
Total lots under contract or option 1,086,727
Total purchase and option contracts not recorded on balance sheet 1,086,727 [3]
Option/ Earnest Money Deposits–Cash  
Purchase and option contracts recorded on balance sheet as Real estate not owned 0
Option contracts not recorded on balance sheet — non-refundable deposits, committed 69,466 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 13,318 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 3,039
Total committed (on and off balance sheet) 85,823
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 5,621 [2]
Total lots under contract or option 91,444
Total purchase and option contracts not recorded on balance sheet $ 91,444 [3],[4]
[1] Deposits are non-refundable except if certain contractual conditions are not performed by the selling party.
[2] Deposits are refundable at our sole discretion. We have not completed our acquisition evaluation process and we have not committed to purchase these lots.
[3] Except for our specific performance contracts recorded on our balance sheet as Real estate not owned, if any, none of our option agreements require us to purchase lots
[4] Amount is reflected on our consolidated balance sheet in Deposits on real estate under option or contract as of June 30, 2016.