Revenue Recognition (Tables)

3 Months Ended

Mar. 31, 2018

Revenue from Contract with Customer [Abstract]

Disaggregation of Revenue

The following reflects the disaggregation of revenue by primary geographic market, type of customer, product type, and timing of revenue recognition (in thousands):

	Three Months Ended March 31, 2018				Three Months Ended March 31, 2017
	Builder Operations		Land Development		Builder Operations		Land Development
Primary Geographic Market
Texas homebuilding	$	71,548	$	—	$	50,670	$	—
Georgia homebuilding	48,818		—		42,727		—
Texas land development	—		3,999		—		5,753
Georgia land development	—		3,900		—		187
Total revenues	$	120,366	$	7,899	$	93,397	$	5,940
Type of Customer
Homebuyers	$	120,366	$	—	$	93,397	$	—
Homebuilders	—		7,899		—		5,940
Total revenues	$	120,366	$	7,899	$	93,397	$	5,940
Product Type
Residential units	$	120,366	$	—	$	93,397	$	—
Land and lots	—		7,899		—		5,940
Total revenues	$	120,366	$	7,899	$	93,397	$	5,940
Timing of Revenue Recognition
Transferred at a point in time	$	120,366	$	7,899	$	93,397	$	5,940
Total revenues	$	120,366	$	7,899	$	93,397	$	5,940

Contract Balances Included in Customer and Builder Deposits on Balance Sheet

Contract balances included in customer and builder deposits on the condensed consolidated balance sheets are as follows (in thousands):

	March 31, 2018		December 31, 2017		March 31, 2017		December 31, 2016
Customer and builder deposits	$	22,698	$	21,447	$	17,067	$	14,088

Remaining Performance Obligation, Expected Timing of Satisfaction

The Company will recognize the remaining revenue when the lots are taken down, or upon closing for the sale of a land parcel, which is expected to occur as follows (in thousands):

	Total
Remainder of 2018	$	35,773
2019	47,500
2020	19,567
2021	4,536
Total	$	107,376