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VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED (Tables) | 9 Months Ended
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Sep. 30, 2018
Variable Interest Entities and Consolidated Real Estate Not Owned [Abstract] |
Summary of Lots Under Option | The table below presents a summary of our lots under option at September 30, 2018 (dollars in thousands):
| Projected Number of Lots |  | Purchase Price |  | Option/ Earnest Money Deposits–Cash |
Purchase and option contracts recorded on balance sheet as Real estate not owned | 212 |  |  | $ | 36,562 |  |  | $ | 3,886 |  |
Option contracts — non-refundable deposits, committed (1) | 4,105 |  |  | 262,689 |  |  | 27,569 |  |
Purchase contracts — non-refundable deposits, committed (1) | 5,925 |  |  | 191,356 |  |  | 16,753 |  |
Purchase and option contracts —refundable deposits, committed | 1,375 |  |  | 71,916 |  |  | 987 |  |
Total committed | 11,617 |  |  | 562,523 |  |  | 49,195 |  |
Purchase and option contracts — refundable deposits, uncommitted (2) | 15,041 |  |  | 406,151 |  |  | 4,584 |  |
Total lots under contract or option | 26,658 |  |  | $ | 968,674 |  |  | $ | 53,779 |  |
Total purchase and option contracts not recorded on balance sheet (3) | 26,446 |  |  | $ | 932,112 |  |  | $ | 49,893 |  | (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 purchase or option contracts 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 September 30, 2018.

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- Definition The tabular disclosure of the Company's real estate lots currently under option or contract with a third party including a detailed description of the number of lots, the purchase price and the amount of earnest money (if any)as of the balance sheet date. + References No definition available. + Details
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- Definition Variable interest entities and consolidated real estate not owned. + References No definition available. + Details
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