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VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED (Tables) | 12 Months Ended
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Dec. 31, 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 that are not recorded on the balance sheet at December 31, 2018 (dollars in thousands):
|  | Projected Number of Lots (unaudited) |  | Purchase Price (unaudited) |  | Option/ Earnest Money Deposits–Cash |  |
Purchase and option contracts recorded on balance sheet as Real estate not owned |  | — |  |  | $ | — |  |  | $ | — |  |  |
Option contracts — non-refundable deposits, committed (1) |  | 4,325 |  |  | 293,274 |  |  | 31,248 |  |  |
Purchase contracts — non-refundable deposits, committed (1) |  | 5,468 |  |  | 206,986 |  |  | 15,787 |  |  |
Purchase and option contracts —refundable deposits, committed |  | 751 |  |  | 32,974 |  |  | 401 |  |  |
Total committed |  | 10,544 |  |  | 533,234 |  |  | 47,436 |  |  |
Purchase and option contracts — refundable deposits, uncommitted (2) |  | 11,243 |  |  | 377,669 |  |  | 3,974 |  |  |
Total lots under contract or option |  | 21,787 |  |  | $ | 910,903 |  |  | $ | 51,410 |  |  |
Total purchase and option contracts |  | 21,787 |  |  | $ | 910,903 |  |  | $ | 51,410 |  |  | (3)
(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) | Amount is reflected in our consolidated balance sheet in the line item “Deposits on real estate under option or contract” as of December 31, 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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