Real Estate Inventories (Tables)

3 Months Ended

Mar. 31, 2018

Real Estate [Abstract]

Summary of Real Estate Inventories

Real estate inventories consist of the following (in thousands):

	March 31, 2018		December 31, 2017
Real estate inventories:
Land deposits	$	57,775	$	51,833
Land and land under development	992,290		904,410
Homes completed and under construction	905,752		646,198
Model homes	96,000		97,409
Total	$	2,051,817	$	1,699,850
Real estate inventories not owned (1):
Other land options contracts — land banking arrangement	$	282,169	$	—