Annual report pursuant to Section 13 and 15(d)

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

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VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Dec. 31, 2017
USD ($)
lot
Projected Number of Lots (unaudited)  
Purchase and option contracts recorded on balance sheet as Real estate not owned | lot 228
Option contracts — non-refundable deposits, committed | lot 3,822 [1]
Purchase contracts — non-refundable deposits, committed | lot 6,527 [1]
Purchase and option contracts —refundable deposits, committed | lot 355
Total committed | lot 10,932
Purchase and option contracts — refundable deposits, uncommitted | lot 6,326 [2]
Total lots under contract or option | lot 17,258
Total purchase and option contracts | lot 17,030
Purchase Price (unaudited)  
Purchase and option contracts recorded on balance sheet as Real estate not owned $ 38,864
Option contracts — non-refundable deposits, committed 273,925 [1]
Purchase contracts — non-refundable deposits, committed 281,887 [1]
Purchase and option contracts —refundable deposits, committed 18,592
Total committed 613,268
Purchase and option contracts — refundable deposits, uncommitted 187,726 [2]
Total lots under contract or option 800,994
Total purchase and option contracts 762,130
Option/ Earnest Money Deposits–Cash  
Purchase and option contracts recorded on balance sheet as Real estate not owned 3,886
Option contracts — non-refundable deposits, committed 33,623 [1]
Purchase contracts — non-refundable deposits, committed 22,885 [1]
Purchase and option contracts —refundable deposits, committed 517
Total committed 60,911
Purchase and option contracts — refundable deposits, uncommitted 2,920 [2]
Total lots under contract or option 63,831
Total purchase and option contracts $ 59,945 [3]
[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 internally committed to purchase these lots.
[3] Amount is reflected in our consolidated balance sheet in the line item “Deposits on real estate under option or contract” as of December 31, 2017.