Condensed Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 173,521	$ 55,436
Cash held in escrow	46,619	35,308
Accounts receivable	22,846	27,438
Inventories	1,898,503	1,995,549
Mortgage loans held for sale	219,615	185,246
Prepaid expenses and other assets	115,095	124,008
Property and equipment, net	33,277	35,998
Deferred tax assets, net	11,911	10,589
Goodwill	30,395	30,395
Total assets	2,551,782	2,499,967
Liabilities:
Accounts payable	49,635	84,794
Accrued expenses and other liabilities	277,526	213,975
Notes payable	897,664	896,704
Revolving line of credit		68,700
Mortgage repurchase facilities	197,469	174,095
Total liabilities	1,422,294	1,438,268
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, none outstanding
Common stock, $0.01 par value, 100,000,000 shares authorized, 33,350,633 and 33,067,375 shares issued and outstanding at June 30, 2020 and December 31, 2019, respectively	334	331
Additional paid-in capital	687,564	684,354
Retained earnings	441,590	377,014
Total stockholders' equity	1,129,488	1,061,699
Total liabilities and stockholders' equity	$ 2,551,782	$ 2,499,967