| Schedule of real estate inventories |
Real estate inventories are summarized as follows:
| |
|
September 30, 2020 |
|
|
December 31, 2019 |
|
| |
|
(dollars in thousands) |
|
| Deposits and pre-acquisition costs |
|
$ |
18,078 |
|
|
$ |
24,794 |
|
| Land held and land under development |
|
|
224,340 |
|
|
|
178,183 |
|
| Homes completed or under construction |
|
|
449,522 |
|
|
|
369,364 |
|
| Model homes |
|
|
36,215 |
|
|
|
25,838 |
|
| Total real estate inventory |
|
$ |
728,155 |
|
|
$ |
598,179 |
|
|
Real estate inventories are summarized as follows:
| |
|
December 31, |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
(dollars in thousands) |
|
| Deposits and pre-acquisition costs |
|
$ |
24,794 |
|
|
$ |
35,361 |
|
| Land held and land under development |
|
|
178,183 |
|
|
|
120,471 |
|
| Homes completed or under construction |
|
|
369,364 |
|
|
|
404,092 |
|
| Model homes |
|
|
25,838 |
|
|
|
20,549 |
|
| Total owned inventory |
|
|
598,179 |
|
|
|
580,473 |
|
| Real estate inventories not owned |
|
|
— |
|
|
|
66,680 |
|
| Total real estate inventory |
|
$ |
598,179 |
|
|
$ |
647,153 |
|
|