Quarterly report pursuant to Section 13 or 15(d)

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

v3.24.3
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Sep. 30, 2024
USD ($)
lot
Projected Number of Lots  
Option contracts — non-refundable deposits, committed | lot 8,365 [1]
Purchase contracts — non-refundable deposits, committed | lot 15,497 [1]
Purchase and option contracts —refundable deposits, committed | lot 3,075
Total committed | lot 26,937
Purchase and option contracts — refundable deposits, uncommitted | lot 41,552 [2]
Total lots under contract or option | lot 68,489
Total purchase and option contracts not recorded on balance sheet | lot 68,489 [3]
Purchase Price  
Option contracts — non-refundable deposits, committed $ 623,677 [1]
Purchase contracts — non-refundable deposits, committed 501,215 [1]
Purchase and option contracts —refundable deposits, committed 100,699
Total committed 1,225,591
Purchase and option contracts — refundable deposits, uncommitted 1,920,826 [2]
Total lots under contract or option 3,146,417
Total purchase and option contracts not recorded on balance sheet 3,146,417 [3]
Option/ Earnest  Money Deposits–Cash  
Option contracts — non-refundable deposits, committed 95,518 [1]
Purchase contracts — non-refundable deposits, committed 82,223 [1]
Purchase and option contracts —refundable deposits, committed 13,610
Total committed 191,351
Purchase and option contracts — refundable deposits, uncommitted 16,110 [2]
Total lots under contract or option 207,461
Total purchase and option contracts not recorded on balance sheet $ 207,461 [3],[4]
Land Under Purchase Contracts And Options, Recorded, Number Of Lots | lot 0
Land Under Purchase Contracts And Options, Recorded $ 0
Land Under Purchase Contracts And Options, Recorded, Cash Deposits $ 0
[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] Except for our specific performance contracts recorded on the accompanying unaudited consolidated balance sheets as Real estate not owned (if any), none of our purchase or option contracts require us to purchase lots.
[4] Amount is reflected on the accompanying unaudited consolidated balance sheets in Deposits on real estate under option or contract as of September 30, 2024.