Quarterly report pursuant to Section 13 or 15(d)

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

v3.7.0.1
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Jun. 30, 2017
USD ($)
lot
Projected Number of Lots  
Purchase and option contracts recorded on balance sheet as Real estate not owned | lot 65
Option contracts not recorded on balance sheet — non-refundable deposits, committed | lot 4,202 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed | lot 6,974 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed | lot 1,935
Total committed (on and off balance sheet) | lot 13,176
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted | lot 9,323 [2]
Total lots under contract or option | lot 22,499
Total purchase and option contracts not recorded on balance sheet | lot 22,434 [3]
Purchase Price  
Purchase and option contracts recorded on balance sheet as Real estate not owned $ 9,987
Option contracts not recorded on balance sheet — non-refundable deposits, committed 324,101 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 354,503 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 68,966
Total committed (on and off balance sheet) 757,557
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 264,717 [2]
Total lots under contract or option 1,022,274
Total purchase and option contracts not recorded on balance sheet 1,012,287 [3]
Option/ Earnest Money Deposits–Cash  
Purchase and option contracts recorded on balance sheet as Real estate not owned 1,498
Option contracts not recorded on balance sheet — non-refundable deposits, committed 43,139 [1]
Purchase contracts not recorded on balance sheet — non-refundable deposits, committed 25,645 [1]
Purchase contracts not recorded on balance sheet —refundable deposits, committed 1,366
Total committed (on and off balance sheet) 71,648
Total purchase and option contracts not recorded on balance sheet — refundable deposits, uncommitted 4,600 [2]
Total lots under contract or option 76,248
Total purchase and option contracts not recorded on balance sheet $ 74,750 [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 internally committed to purchase these lots.
[3] Except for our specific performance contracts recorded on our balance sheet as Real estate not owned, 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, 2017.