Annual report pursuant to Section 13 and 15(d)

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

v3.10.0.1
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Dec. 31, 2018
USD ($)
lot
Projected Number of Lots (unaudited)  
Purchase and option contracts recorded on balance sheet as Real estate not owned | lot 0
Option contracts — non-refundable deposits, committed | lot 4,325 [1]
Purchase contracts — non-refundable deposits, committed | lot 5,468 [1]
Purchase and option contracts —refundable deposits, committed | lot 751
Total committed | lot 10,544
Purchase and option contracts — refundable deposits, uncommitted | lot 11,243 [2]
Total lots under contract or option | lot 21,787
Total purchase and option contracts | lot 21,787
Purchase Price (unaudited)  
Purchase and option contracts recorded on balance sheet as Real estate not owned $ 0
Option contracts — non-refundable deposits, committed 293,274 [1]
Purchase contracts — non-refundable deposits, committed 206,986 [1]
Purchase and option contracts —refundable deposits, committed 32,974
Total committed 533,234
Purchase and option contracts — refundable deposits, uncommitted 377,669 [2]
Total lots under contract or option 910,903
Total purchase and option contracts 910,903
Option/ Earnest Money Deposits–Cash  
Purchase and option contracts recorded on balance sheet as Real estate not owned 0
Option contracts — non-refundable deposits, committed 31,248 [1]
Purchase contracts — non-refundable deposits, committed 15,787 [1]
Purchase and option contracts —refundable deposits, committed 401
Total committed 47,436
Purchase and option contracts — refundable deposits, uncommitted 3,974 [2]
Total lots under contract or option 51,410
Total purchase and option contracts $ 51,410 [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, 2018.