CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 507,761	$ 326,437
Restricted cash	3,671	2,135
Total cash, cash equivalents, and restricted cash	511,432	328,572
Owned inventory	5,706,335	3,967,359
Real estate not owned	186,885	19,185
Total real estate inventory	5,893,220	3,986,544
Land deposits	167,029	39,810
Mortgage loans held for sale	208,231	190,880
Derivative assets	8,711	2,099
Lease right of use assets	73,790	36,663
Prepaid expenses and other assets, net	177,372	85,515
Other receivables, net	115,119	70,447
Investments in unconsolidated entities	127,367	128,759
Deferred tax assets, net	268,693	140,466
Property and equipment, net	98,798	85,866
Intangible assets, net	531	637
Goodwill	612,079	149,428
Total assets	8,262,372	5,245,686
Liabilities
Accounts payable	230,312	164,580
Accrued expenses and other liabilities	398,186	325,368
Lease liabilities	79,724	42,317
Income taxes payable	3,127	3,719
Customer deposits	204,336	167,328
Estimated development liability	36,393	36,705
Senior notes, net	2,762,075	1,635,008
Loans payable and other borrowings	299,184	182,531
Revolving credit facility borrowings	485,000	0
Mortgage warehouse borrowings	154,109	123,233
Liabilities attributable to real estate not owned	186,885	19,185
Total liabilities	4,839,331	2,699,974
COMMITMENTS AND CONTINGENCIES (Note 16)
Stockholders’ Equity
Total stockholders’ equity	3,423,041	2,545,712
Total liabilities and stockholders’ equity	$ 8,262,372	$ 5,245,686