v3.26.1
VARIABLE INTEREST ENTITIES AND CONSOLIDATED REAL ESTATE NOT OWNED - Summary of Lots Under Option (Details)
$ in Thousands
Jun. 30, 2026
USD ($)
lot
Projected Number of Lots  
Purchase and option contracts — committed | lot 18,710
Purchase and option contracts — refundable deposits, uncommitted | lot 15,252 [1]
Total purchase and option contracts not recorded on balance sheet | lot 33,962 [2]
Purchase Price  
Purchase and option contracts — committed $ 1,548,384
Purchase and option contracts — refundable deposits, uncommitted 1,027,551 [1]
Total purchase and option contracts not recorded on balance sheet 2,575,935 [2]
Option/ Earnest  Money Deposits–Cash  
Purchase and option contracts — committed 132,531
Purchase and option contracts — refundable deposits, uncommitted 36,446 [1]
Total purchase and option contracts not recorded on balance sheet $ 168,977 [2],[3]
Land Under Purchase Contracts And Options, Recorded, Number Of Lots | lot 3,728
Land Under Purchase Contracts And Options, Recorded $ 78,107
Land Under Purchase Contracts And Options, Recorded, Cash Deposits $ 0
[1] We have not completed our acquisition evaluation process and we have not internally committed to purchase these lots.
[2] None of our purchase or option contracts require us to purchase lots, except for our specific performance contracts. The purchase price for specific performance contracts are recorded as consolidated real estate not owned on the accompanying unaudited consolidated balance sheets in Real estate. See Note 2 for details of the Real estate balance.
[3] Amount is reflected on the accompanying unaudited consolidated balance sheets in Deposits on real estate under option or contract as of June 30, 2026.
(4)Deposits for specific performance contracts are recorded on the accompanying unaudited consolidated balance sheets as consolidated real estate not owned in Real estate.