Quarterly report pursuant to Section 13 or 15(d)

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

v3.23.3
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Sep. 30, 2023
USD ($)
lot
Projected Number of Lots  
Option contracts — non-refundable deposits, committed | lot 7,498 [1]
Purchase contracts — non-refundable deposits, committed | lot 7,554 [1]
Purchase and option contracts —refundable deposits, committed | lot 996
Total committed | lot 16,048
Purchase and option contracts — refundable deposits, uncommitted | lot 28,416 [2]
Total lots under contract or option | lot 44,464
Total purchase and option contracts not recorded on balance sheet | lot 44,464 [3]
Purchase Price  
Option contracts — non-refundable deposits, committed $ 399,674 [1]
Purchase contracts — non-refundable deposits, committed 248,934 [1]
Purchase and option contracts —refundable deposits, committed 72,759
Total committed 721,367
Purchase and option contracts — refundable deposits, uncommitted 901,198 [2]
Total lots under contract or option 1,622,565
Total purchase and option contracts not recorded on balance sheet 1,622,565 [3]
Option/ Earnest  Money Deposits–Cash  
Option contracts — non-refundable deposits, committed 41,794 [1]
Purchase contracts — non-refundable deposits, committed 31,360 [1]
Purchase and option contracts —refundable deposits, committed 4,891
Total committed 78,045
Purchase and option contracts — refundable deposits, uncommitted 15,456 [2]
Total lots under contract or option 93,501
Total purchase and option contracts not recorded on balance sheet $ 93,501 [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, 2023.