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
Sep. 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 4,395 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed | lot 4,330 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed | lot 820
Total committed (on and off balance sheet) | lot 9,545
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted | lot 7,343 [2]
Total lots under contract or option | lot 16,888
Total purchase and option contracts not recorded on balance sheet | lot 16,888 [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 437,644 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 266,086 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 31,414
Total committed (on and off balance sheet) 735,144
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 361,238 [2]
Total lots under contract or option 1,096,382
Total purchase and option contracts not recorded on balance sheet 1,096,382 [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 63,645 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 20,079 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 1,855
Total committed (on and off balance sheet) 85,579
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 5,474 [2]
Total lots under contract or option 91,053
Total purchase and option contracts not recorded on balance sheet $ 91,053 [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 September 30, 2016.