Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.2
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Jun. 30, 2023
USD ($)
lot
Projected Number of Lots  
Option contracts — non-refundable deposits, committed | lot 6,890 [1]
Purchase contracts — non-refundable deposits, committed | lot 5,408 [1]
Purchase and option contracts —refundable deposits, committed | lot 2,109
Total committed | lot 14,407
Purchase and option contracts — refundable deposits, uncommitted | lot 21,171 [2]
Total lots under contract or option | lot 35,578
Total purchase and option contracts not recorded on balance sheet | lot 35,578 [3]
Purchase Price  
Option contracts — non-refundable deposits, committed $ 400,805 [1]
Purchase contracts — non-refundable deposits, committed 154,591 [1]
Purchase and option contracts —refundable deposits, committed 158,893
Total committed 714,289
Purchase and option contracts — refundable deposits, uncommitted 779,805 [2]
Total lots under contract or option 1,494,094
Total purchase and option contracts not recorded on balance sheet 1,494,094 [3]
Option/ Earnest  Money Deposits–Cash  
Option contracts — non-refundable deposits, committed 37,672 [1]
Purchase contracts — non-refundable deposits, committed 19,930 [1]
Purchase and option contracts —refundable deposits, committed 2,035
Total committed 59,637
Purchase and option contracts — refundable deposits, uncommitted 11,347 [2]
Total lots under contract or option 70,984
Total purchase and option contracts not recorded on balance sheet $ 70,984 [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 June 30, 2023.