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VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED (Tables) | 3 Months Ended
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Mar. 31, 2019
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 March 31, 2019 (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 | — |  |  | $ | — |  |  | $ | — |  |
Option contracts — non-refundable deposits, committed (1) | 3,620 |  |  | 244,783 |  |  | 27,493 |  |
Purchase contracts — non-refundable deposits, committed (1) | 5,569 |  |  | 198,841 |  |  | 12,738 |  |
Purchase and option contracts —refundable deposits, committed | 764 |  |  | 30,325 |  |  | 481 |  |
Total committed | 9,953 |  |  | 473,949 |  |  | 40,712 |  |
Purchase and option contracts — refundable deposits, uncommitted (2) | 9,567 |  |  | 335,126 |  |  | 4,115 |  |
Total lots under contract or option | 19,520 |  |  | $ | 809,075 |  |  | $ | 44,827 |  |
Total purchase and option contracts not recorded on balance sheet (3) | 19,520 |  |  | $ | 809,075 |  |  | $ | 44,827 |  | (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 March 31, 2019.

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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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