Tri Pointe Homes (TPH) 10-K 27 Feb 14 2013 FY Annual report Financial data

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Feb. 21, 2014	Jun. 28, 2013
Document And Entity Information [Abstract]	'	'	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'
Trading Symbol	'TPH	'	'
Entity Registrant Name	'TRI Pointe Homes, Inc.	'	'
Entity Central Index Key	'0001561680	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Filer Category	'Non-accelerated Filer	'	'
Entity Common Stock, Shares Outstanding	'	31,613,163	'
Entity Public Float	'	'	$259,997,000

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$35,261	$19,824
Real estate inventories	455,642	194,083
Contracts and accounts receivable	1,697	548
Deferred tax assets	4,611	'
Other assets	8,824	3,061
Total Assets	506,035	217,516
Liabilities and Equity	'	'
Accounts payable	23,397	7,823
Accrued liabilities	22,220	3,172
Notes payable	138,112	57,368
Total Liabilities	183,729	68,363
Commitments and contingencies (Note 6)	'	'
Equity:	'	'
Members equity	'	149,153
Stockholders' equity:	'	'
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares outstanding as of December 31, 2013	'	'
Common stock, $0.01 par value, 500,000,000 shares authorized, 31,597,907 shares issued and outstanding as of December 31, 2013	316	'
Additional paid-in capital	310,878	'
Retained earnings	11,112	'
Total Stockholders' equity	322,306	'
Total Equity	322,306	149,153
Total Liabilities and Equity	$506,035	$217,516

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2013
Statement Of Financial Position [Abstract]	'
Preferred stock, par value	$0.01
Preferred stock, shares authorized	50,000,000
Preferred stock, shares outstanding	'
Common stock, par value	$0.01
Common stock, shares authorized	500,000,000
Common stock, shares issued	31,597,907
Common stock, shares outstanding	31,597,907

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues:	'	'	'
Home sales	$247,091	$77,477	$13,525
Fee building	10,864	1,073	5,804
Total revenues	257,955	78,550	19,329
Expenses:	'	'	'
Cost of home sales	193,092	63,688	12,075
Fee building	9,782	924	5,654
Sales and marketing	8,486	4,636	1,553
General and administrative	17,057	6,772	4,620
Total expenses	228,417	76,020	23,902
Income (loss) from operations	29,538	2,530	-4,573
Transaction expense (Note 1)	-4,087	'	'
Other income (expense), net	302	-24	-20
Income (loss) before income taxes	25,753	2,506	-4,593
Provision for income taxes	-10,379	'	'
Net income (loss)	$15,374	$2,506	($4,593)
Earnings (loss) per share (Note 9)	'	'	'
Basic	$0.50	$0.12	($0.36)
Diluted	$0.50	$0.12	($0.36)
Weighted average number of shares (Note 9)	'	'	'
Basic	30,775,989	21,597,907	12,681,352
Diluted	30,797,602	21,597,907	12,681,352

Consolidated_Statements_of_Equ

Consolidated Statements of Equity (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total Stockholders' Equity [Member]	Members' Equity [Member]
In Thousands, except Share data
Beginning Balance at Dec. 31, 2010	$24,858	'	'	'	'	$24,858
Beginning Balance, Number of Common Shares at Dec. 31, 2010	'	'	'	'	'	'
Net income (loss)	-4,593	'	'	'	'	-4,593
Contributions	64,000	'	'	'	'	64,000
Financial Advisory fee paid on capital raised	-2,240	'	'	'	'	-2,240
Stock-based compensation expense	466	'	'	'	'	466
Ending Balance at Dec. 31, 2011	82,491	'	'	'	'	82,491
Ending Balance, Number of Common Shares at Dec. 31, 2011	'	'	'	'	'	'
Net income (loss)	2,506	'	'	'	'	2,506
Contributions	66,000	'	'	'	'	66,000
Financial Advisory fee paid on capital raised	-2,310	'	'	'	'	-2,310
Stock-based compensation expense	466	'	'	'	'	466
Ending Balance at Dec. 31, 2012	149,153	'	'	'	'	149,153
Beginning Balance, Number of Common Shares at Dec. 31, 2012	'	'	'	'	'	'
Net income (loss)	15,374	'	'	15,374	15,374	'
Conversion of members' equity into common stock	'	216	153,199	-4,262	149,153	-149,153
Conversion of members' equity into common stock, Number of Common Shares	'	21,597,907	'	'	'	'
Issuance of common stock, net of issuance costs	155,408	100	155,308	'	155,408	'
Issuance of common stock, net of issuance costs, Number of Common Shares	'	10,000,000	'	'	'	'
Stock-based compensation expense	2,371	'	2,371	'	2,371	'
Ending Balance at Dec. 31, 2013	$322,306	$316	$310,878	$11,112	$322,306	'
Ending Balance, Number of Common Shares at Dec. 31, 2013	'	31,597,907	'	'	'	'

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Cash flows from operating activities	'	'	'
Net income (loss)	$15,374	$2,506	($4,593)
Adjustments to reconcile net income (loss) to net cash used in operating activities:	'	'	'
Depreciation and amortization	866	431	758
Amortization of stock-based compensation	2,371	466	466
Deferred income taxes	-4,611	'	'
Changes in operating assets and liabilities:	'	'	'
Real estate inventories	-261,559	-112,060	-67,915
Contracts and accounts receivable	-1,149	-477	2,035
Other assets	-6,123	-1,686	170
Accounts payable	15,574	5,708	1,662
Accrued liabilities	19,048	875	974
Net cash used in operating activities	-220,209	-104,237	-66,443
Cash flows from investing activities	'	'	'
Purchases of furniture and equipment	-506	-288	-308
Purchases of marketable securities	-125,000	'	'
Sales of marketable securities	125,000	'	'
Net cash used in investing activities	-506	-288	-308
Cash flows from financing activities	'	'	'
Net proceeds from issuance of common stock	155,408	'	'
Cash contributions from member	'	66,000	64,000
Financial advisory fee paid on capital raised	'	-2,310	-2,240
Borrowings from notes payable	258,624	115,888	6,981
Repayments of notes payable	-177,880	-65,393	-3,570
Net cash provided by financing activities	236,152	114,185	65,171
Net increase in cash and cash equivalents	15,437	9,660	-1,580
Cash and cash equivalents - beginning of period	19,824	10,164	11,744
Cash and cash equivalents - end of period	35,261	19,824	10,164
Supplemental disclosure of cash flow information	'	'	'
Interest paid, net of amounts capitalized	'	'	'
Income taxes paid	$7,226	'	'

Organization_and_Summary_of_Si

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization and Summary of Significant Accounting Policies	'
	1. Organization and Summary of Significant Accounting Policies
	Organization
	TRI Pointe Homes, Inc. is engaged in the design, construction and sale of innovative single-family homes in major metropolitan areas located throughout California and Colorado. We generate a significant amount of our revenues and profits in California.
	Initial Public Offering
	In January 2013, the Company completed its initial public offering (“IPO”) in which it issued and sold 10 million shares of common stock at the public offering price of $17.00 per share. The Company received proceeds of approximately $155.4 million, net of the underwriting discount and estimated offering expenses. In preparation of the IPO, the Company reorganized from a Delaware limited liability company into a Delaware corporation and was renamed TRI Pointe Homes, Inc. Upon the close of the IPO and as of December 31, 2013, the Company had 31,597,907 common shares outstanding.
	WRECO Transactions
	On November 4, 2013, the Company announced that its board of directors approved a Transaction Agreement with Weyerhaeuser Company, a Washington corporation (“Weyerhaeuser”), pursuant to which Weyerhaeuser Real Estate Company, a Washington corporation and an indirect wholly owned subsidiary of Weyerhaeuser (“WRECO”), will combine with Topaz Acquisition, Inc., a Washington corporation and a wholly owned subsidiary of TRI Pointe (“Merger Sub”) in a transaction valued at approximately $2.7 billion as of that date. Pursuant to the Transaction Agreement, Weyerhaeuser will distribute all the shares of common stock of WRECO (the “WRECO Common Shares”) to its shareholders (i) on a pro rata basis, (ii) in an exchange offer, or (iii) in a combination thereof (the “Distribution”). Weyerhaeuser will determine which approach it will take to consummate the Distribution prior to closing the transaction and no decision has been made at this time. Immediately following the Distribution, Merger Sub will merge with and into WRECO (the “Merger”), with WRECO surviving the Merger and becoming a wholly owned subsidiary of the Company. We expect to issue 129,700,000 shares of our common stock in the Merger, excluding shares to be issued for equity awards held by WRECO employees that are being assumed by us. As a result of the WRECO Transactions, the Company has incurred due diligence and other related transaction expenses during the year of $4.1 million.
	In order to complete the Merger and the related transactions, (i) WRECO will incur new indebtedness of approximately $800 million or more in the form of (a) debt securities, (b) senior unsecured bridge loans, or (c) a combination thereof; (ii) WRECO will make a cash payment of approximately $739 million, subject to adjustment, to Weyerhaeuser NR Company, the current direct parent of WRECO and a subsidiary of Weyerhaeuser, which cash will be retained by Weyerhaeuser and its subsidiaries (other than WRECO and its subsidiaries); and (iii) Weyerhaeuser will cause certain assets relating to Weyerhaeuser’s real estate business to be transferred to, and certain liabilities relating to Weyerhaeuser’s real estate business to be assumed by, WRECO and its subsidiaries and cause certain assets of WRECO that will be excluded from the transaction to be transferred to, and certain liabilities that will be excluded from the transaction to be assumed by, Weyerhaeuser and its subsidiaries (other than WRECO and its subsidiaries).
	Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts have been eliminated upon consolidation. Certain prior period amounts have been reclassified to conform to current period presentation. Subsequent events have been evaluated through the date the financial statements were issued.
	The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”).
	Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” refer to TRI Pointe Homes, Inc. (and its consolidated subsidiaries).
	Use of Estimates
	The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies. Accordingly, actual results could differ materially from these estimates.
	Cash and Cash Equivalents and Concentration of Credit Risk
	We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short term liquid investments with an initial maturity date of less than three months. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
	Real Estate Inventories and Cost of Sales
	We capitalize pre-acquisition, land, development and other allocated costs, including interest, during development and home construction. Applicable costs incurred after development or construction is substantially complete are charged to selling, general and administrative, and other expenses as appropriate. Pre-acquisition costs, including non-refundable land deposits, are expensed to other income (expense) when we determine continuation of the respective project is not probable. In accordance with ASC Topic 835, Interest (“ASC 835”), homebuilding interest capitalized as a cost of inventories owned is included in costs of sales as related units or lots are sold. To the extent our debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively under development. For the years ended December 31, 2013, 2012, and 2011, we did not expense any interest costs as the qualified assets were in excess of debt.
	Land, development and other common costs are typically allocated to inventory using a methodology that approximates the relative-sales-value method. Home construction costs per production phase are recorded using the specific identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development and related common costs (both incurred and estimated to be incurred) based upon the relative-sales-value of the home within each community. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated on a relative-sales-value method to remaining homes in the community. Inventory is stated at cost, unless the carrying amount is determined not to be recoverable, in which case inventory is written down to fair value. We review our real estate assets at each community for indicators of impairment. Real estate assets include projects actively selling and projects under development or held for future development. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, significant decreases in gross margins and sales absorption rates, costs in excess of budget, and actual or projected cash flow losses.
	If there are indications of impairment, we perform a detailed budget and cash flow review of our real estate assets to determine whether the estimated remaining undiscounted future cash flows of the community are more or less than the asset’s carrying value. If the undiscounted cash flows are more than the asset’s carrying value, no impairment adjustment is required. However, if the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and is written down to fair value. These impairment evaluations require us to make estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if expected future undiscounted cash flows will be sufficient to recover the asset’s carrying value.
	When estimating undiscounted cash flows of a community, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; (iv) alternative product offerings that may be offered that could have an impact on sales pace, sales price and/or building costs; and (v) alternative uses for the property.
	Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing sales absorption rates has a direct impact on the estimated per unit sales price of a home, the level of time sensitive costs (such as indirect construction, overhead and carrying costs), and selling and marketing costs (such as model maintenance costs and advertising costs). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flow analysis. For example, if our objective is to preserve operating margins, our cash flow analysis will be different than if the objective is to increase sales. These objectives may vary significantly from community to community and over time. If assets are considered impaired, impairment is determined by the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when assessment is made. These factors are specific to each community and may vary among communities. For the years ended December 31, 2013, 2012 and 2011, no impairment adjustments relating to real estate inventories were recorded.
	Revenue Recognition
	Home Sales and Profit Recognition
	In accordance with Accounting Standards Codification (“ASC”) 360, Property, Plant, and Equipment, revenues from home sales and other real estate sales are recorded and a profit is recognized when the respective units are closed. Home sales and other real estate sales are closed when all conditions of escrow are met, including delivery of the home or other real estate asset, title passage, appropriate consideration is received and collection of associated receivables, if any, is reasonably assured. Sales incentives are a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. The profit we record is based on the calculation of cost of sales, which is dependent on our allocation of costs, as described in more detail above in the section entitled “—Real Estate Inventories and Cost of Sales.”
	Fee Building
	The Company enters into construction management agreements to provide fee building services whereby it will build, market and sell homes on behalf of independent third-party property owners. The independent third-party property owner funds all project costs incurred by the Company to build and sell the homes. The Company primarily enters into cost plus fee contracts where it charges independent third-party property owners for all direct and indirect costs plus a negotiated management fee. For these types of contracts, the Company recognizes revenue based on the actual total costs it has expended and the applicable management fee. The management fee is typically a fixed fee based on a percentage of the cost or home sales revenue of the project depending on the terms of the agreement with the independent third-party property owner. In accordance with ASC 605, Revenue Recognition, revenues from construction management services are recognized over a cost-to-cost approach in applying the percentage-of-completion method. Under this approach, revenue is earned in proportion to total costs incurred, divided by total costs expected to be incurred. The total estimated cost plus the management fee represents the total contract value. The Company recognizes revenue based on the actual labor and other direct costs incurred, plus the portion of the management fee it has earned to date. In the course of providing its services, the Company routinely subcontracts for services and incurs other direct costs on behalf of its clients. These costs are passed through to clients and, in accordance with industry practice and GAAP, are included in the Company’s revenue and cost of revenue. Under certain agreements, the Company is eligible to receive additional incentive compensation, as certain financial thresholds defined in the agreement are achieved. The Company recognizes revenue for any incentive compensation when such financial thresholds are probable of being met and such compensation is deemed to be collectible, generally at the date the amount is communicated to us by the independent third-party property owner.
	The Company also enters into fee building contracts where it does not bear risks for any services outside of its own. For these types of contracts, the Company recognizes revenue as services are performed. The Company does not recognize any revenue or costs related to subcontractors’ cost since it does not bear any risk related to them.
	Warranty Reserves
	Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience rates. We also consider historical experience of our peers due to our limited history related to home sales. Indirect warranty overhead salaries and related costs are charged to the reserve in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary. Our warranty accrual is included in accrued liabilities in the accompanying consolidated balance sheets.
	Variable Interest Entities
	The Company accounts for variable interest entities in accordance with ASC 810, Consolidation (“ASC 810”). Under ASC 810, a variable interest entity (“VIE”) is created when: (a) the equity investment at risk in the entity is not sufficient to permit the entity to finance its activities without additional subordinated financial support provided by other parties, including the equity holders; (b) the entity’s equity holders as a group either (i) lack the direct or indirect ability to make decisions about the entity, or (ii) are not obligated to absorb expected losses of the entity or (iii) do not have the right to receive expected residual returns of the entity; or (c) the entity’s equity holders have voting rights that are not proportionate to their economic interests, and the activities of the entity involve or are conducted on behalf of the equity holder with disproportionately few voting rights. If an entity is deemed to be a VIE pursuant to ASC 810, the enterprise that has both (i) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (ii) the obligation to absorb the expected losses of the entity or right to receive benefits from the entity that could be potentially significant to the VIE is considered the primary beneficiary and must consolidate the VIE. In accordance with ASC 810, we perform ongoing reassessments of whether an enterprise is the primary beneficiary of a VIE. As of December 31, 2013, 2012 and 2011, the Company did not have any investment that was deemed to be a VIE.
	Under ASC 810, a non-refundable deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to write off should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a non-refundable deposit, a VIE may have been created. As of December 31, 2013, 2012 and 2011, the Company was not required to consolidate any VIEs nor did the Company write off any costs that had been capitalized under lot option contracts. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE.
	Stock-Based Compensation
	We account for share-based awards in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees.
	Sales and Marketing Expense
	Sales and marketing costs incurred to sell real estate projects are capitalized if they are reasonably expected to be recovered from the sale of the project or from incidental operations and are incurred for tangible assets that are used directly through the selling period to aid in the sale of the project or services that have been performed to obtain regulatory approval of sales. All other selling expenses and other marketing costs are expensed in the period incurred.
	Income Taxes
	Income taxes are accounted for in accordance with ASC 740, Income Taxes (“ASC 740”). The provision for, or benefit from, income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are evaluated on a quarterly basis to determine if adjustments to the valuation allowance are required. In accordance with ASC 740, we assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more likely than not” standard with respect to whether deferred tax assets will be realized. The ultimate realization of deferred tax assets depends primarily on the generation of future taxable income during the periods in which the differences become deductible. The value of our deferred tax assets will depend on applicable income tax rates. Judgment is required in determining the future tax consequences of events that have been recognized in our consolidated financial statements and/or tax returns. Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial statements.
	Recently Issued Accounting Standards
	On February 5, 2013, the FASB issued Accounting Standards Update 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income (loss). We adopted ASU 2013-02 during the year ended December 31, 2013.

Real_Estate_Inventories

Real Estate Inventories	12 Months Ended
	Dec. 31, 2013
Inventory Disclosure [Abstract]	'
Real Estate Inventories	'
	2. Real Estate Inventories
	Real estate inventories consisted of the following (in thousands):
		December 31,
		2013			2012
	Inventories owned:
	Deposits and pre-acquisition costs	$	19,714		$	12,285
	Land held and land under development		326,209			129,621
	Homes completed or under construction		92,901			40,955
	Model homes		16,818			11,222
		$	455,642		$	194,083
	Model homes, homes completed, and homes under construction include all costs associated with home construction, including land, development, indirects, permits, and vertical construction. Land under development includes costs incurred during site development such as land, development, indirects, and permits. Land is classified as held for future development if no significant development has occurred.
	Interest Capitalization
	Interest is capitalized on inventory during development and other qualifying activities. Interest capitalized as cost of inventory is included in cost of sales as related units are closed. For each of the three years ended December 31, 2013, interest incurred, capitalized, and expensed were as follows (in thousands):
		Year Ended December 31,
		2013			2012			2011
	Interest incurred	$	3,058		$	2,077		$	171
	Interest capitalized		(3,058	)		(2,077	)		(171	)
	Interest expensed	$	—		$	—		$	—
	Capitalized interest in beginning inventory	$	1,364		$	159		$	257
	Interest capitalized as a cost of inventory		3,058			2,077			171
	Interest previously capitalized as a cost of inventory, included in cost of sales		(2,158	)		(872	)		(269	)
	Capitalized interest in ending inventory	$	2,264		$	1,364		$	159

Accrued_Liabilities

Accrued Liabilities	12 Months Ended
	Dec. 31, 2013
Payables And Accruals [Abstract]	'
Accrued Liabilities	'
	3. Accrued Liabilities
	Accrued liabilities consisted of the following (in thousands):
		December 31,
		2013		2012
	Accrued expenses	$	7,605	$	457
	Accrued income tax payable		7,764		—
	Accrued payroll liabilities		3,513		1,122
	Warranty reserves (Note 6)		3,338		1,593
		$	22,220	$	3,172

Notes_Payable

Notes Payable	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Notes Payable	'
	4. Notes Payable
	Notes payable consisted of the following (in thousands):
		December 31,
		2013		2012
	Revolving credit facilities	$	90,689	$	6,855
	Acquisition and development loans		31,591		37,996
	Construction loans		15,832		12,517
		$	138,112	$	57,368
	The Company has a secured revolving credit facility which has a maximum loan commitment of $30 million, an initial maturity date of April 19, 2014 and a final maturity date of April 19, 2015. The Company may borrow under the facility in the ordinary course of business to fund its operations, including its land development and homebuilding activities. The amount the Company may borrow is subject to applicable borrowing base provisions and concentration limitations, which may also limit the amount available or outstanding under the facility. The facility is secured by deeds of trust on the real property and improvements thereon, and borrowings are repaid with the net sales proceeds from the sales of homes, subject to a minimum release price. Interest rates charged under the facility include applicable LIBOR and prime rate pricing options, subject to a minimum interest rate floor. As of December 31, 2013, the outstanding balance was $9.1 million with an interest rate of 3.75% per annum, and $20.2 million of availability under the facility after considering the borrowing base provisions and outstanding letters of credit.
	In July 2013, the Company entered into an additional secured, three-year revolving credit facility with the potential for a one-year extension of the term of the loan, subject to specified conditions and payment of an extension fee. The facility provides for a maximum loan commitment of $125 million. On December 26, 2013, we entered into a modification agreement to increase the commitment amount under our secured, three-year revolving credit facility from $125 million to $175 million, subject to specified conditions and the payment of a loan fee. Borrowings under the facility are secured by a first priority lien on borrowing base properties and will be subject to, among other things, a borrowing base formula. Subject to the satisfaction of the conditions to advances set forth in the facility, the Company may borrow solely for the payment or reimbursement of costs or return of capital related to: (a) land acquisition, development and construction of single-family residential lots and homes on and with respect to borrowing base properties (as defined in the facility), or (b) paying off any existing financing secured by the initial borrowing base properties. The interest rate on borrowings will be at a rate based on applicable LIBOR plus a margin, ranging from 250 to 370 basis points depending on our leverage ratio. As of December 31, 2013, the outstanding balance was $81.5 million with an interest rate of 2.92% per annum, and $42.2 million of availability under the facility after considering the borrowing base provisions and outstanding letters of credit.
	The Company enters into secured acquisition and development loan agreements to purchase and develop land parcels. In addition, the Company enters into secured construction loan agreements for the construction of its model and production homes. The acquisition and development loans will be repaid as lots are released from the loans based upon a specific release price, as defined in each respective loan agreement. The construction loans will be repaid with proceeds from home closings based upon a specific release price, as defined in each respective loan agreement.
	As of December 31, 2013, the Company had $43.2 million of aggregate acquisition and development loan commitments and $22.4 million of aggregate construction loan commitments, of which $31.6 million and $15.8 million was outstanding, respectively. The loans have maturity dates ranging from March 2014 and January 2016, including the six month extensions which are at our election (subject to certain conditions) and bear interest at a rate based on applicable LIBOR or Prime Rate pricing options plus an applicable margin, with certain loans containing a minimum interest rate floor of 4.0%. As of December 31, 2013, the weighted average interest rate was 3.5% per annum.
	As of December 31, 2012, the Company’s secured revolving credit facility with a maximum loan commitment of $30.0 million, of which $6.9 million was outstanding, had $21.4 million of availability and an interest rate of 5.5% per annum. In addition, the Company had $68.1 million of aggregate acquisition and development loan commitments and $25.4 million of aggregate construction loan commitments, of which $38.0 million and $12.5 million were outstanding, respectively. The loans had maturity dates ranging from August 2013 to February 2015, including the six month extensions which are at our election (subject to certain conditions) and bear interest at a rate based on applicable LIBOR or Prime Rate pricing options, with interest rate floors ranging from 4.0% to 6.0%. As of December 31, 2012, the weighted average interest rate was 5.2% per annum.
	During the years ended December 31, 2013 and 2012, the Company incurred interest of $3.1 million and $2.1 million, respectively, related to its notes payable. Included in interest incurred was amortization of deferred financing costs of $99,000 and $0 for the years ended December 31, 2013 and 2012, respectfully. Accrued interest payable at December 31, 2013 and 2012 amounted to $347,000 and $273,000, respectfully. All interest incurred during the years ended December 31, 2013 and 2012 was capitalized to real estate inventories.
	Under the revolving credit facilities and construction notes payable, the Company is required to comply with certain financial covenants, including but not limited to (i) a minimum tangible net worth; (ii) a maximum total liabilities to tangible net worth ratio; (iii) a minimum liquidity amount; (iv) maximum fixed charge coverage ratio; and (v) maximum land assets to tangible net worth ratio. The Company was in compliance with all financial covenants as of December 31, 2013 and 2012.

Fair_Value_Disclosures

Fair Value Disclosures	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures	'
	5. Fair Value Disclosures
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories:
		•		Level 1—Quoted prices for identical instruments in active markets
		•		Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date
		•		Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date
	Nonfinancial assets and liabilities include items such as inventory and long lived assets that are measured at fair value when acquired and resulting from impairment, if deemed necessary. During the years ended December 31, 2013 and 2012, the Company did not record any fair value adjustments to those financial and nonfinancial assets and liabilities measured at fair value on a nonrecurring basis.
	Financial instrument as of December 31, 2013 were comprised of secured revolving credit facilities, which provide financing for several real estate projects; secured acquisition and development loan agreements to purchase and develop land parcels, and; secured construction loan agreements for the construction of our model and production homes
	At December 31, 2013 and 2012, as required by ASC 820, Financial Instruments, the following presents net book values and estimated fair values of notes payable (in thousands):
					December 31, 2013				December 31, 2012
			Hierarchy		Cost		Fair Value		Cost		Fair Value
	Notes payable
	Revolving credit facilities		Level 3		$	90,689	$	90,689	$	6,855	$	6,855
	Acquisition and development loans		Level 3			31,591		31,591		37,996		37,996
	Construction loans		Level 3			15,832		15,832		12,517		12,517
	Total notes payable				$	138,112	$	138,112	$	57,368	$	57,368
	Estimated fair values of the outstanding revolving credit facilities, acquisition and development loans, and construction loans at December 31, 2013 and 2012 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. Due to the short term nature of the revolving credit facilities, acquisition and development loans and construction loans, book value approximated fair value at December 31, 2013 and 2012.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	6. Commitments and Contingencies
	Legal Matters
	Lawsuits, claims and proceedings have been or may be instituted or asserted against us in the normal course of business, including actions brought on behalf of various classes of claimants. We are also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, employment practices and environmental protection. As a result, we are subject to periodic examinations or inquiry by agencies administering these laws and regulations.
	We record a reserve for potential legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. We accrue for these matters based on facts and circumstances specific to each matter and revise these estimates when necessary.
	In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, we generally cannot predict their ultimate resolution, related timing or eventual loss. If our evaluations indicate loss contingencies that could be material are not probable, but are reasonably possible, we will disclose their nature with an estimate of possible range of losses or a statement that such loss is not reasonably estimable. At December 31, 2013 and 2012, the Company did not have any accruals for asserted or unasserted matters.
	Warranty
	The Company currently provides a limited one year warranty covering workmanship and materials. In addition, our limited warranty (generally ranging from a minimum of two years up to the period covered by the applicable statute of repose) covers certain defined construction defects. The limited warranty covering construction defects is transferable to subsequent buyers not under direct contract with us and requires that homebuyers agree to the definitions and procedures set forth in the warranty, including the submission of unresolved construction-related disputes to binding arbitration. We reserve up to 1.0% of the sales price of each home we sell to provide the customer service to our homebuyers. We believe that our reserves are adequate to cover the ultimate resolution of our potential liabilities associated with known and anticipated warranty and construction defect related claims and litigation.
	We subcontract our homebuilding work to subcontractors who generally provide us with an indemnity and a certificate of insurance prior to receiving payments for their work and, therefore, claims relating to workmanship and materials are generally the primary responsibility of our subcontractors.
	There can be no assurance, however, that the terms and limitations of the limited warranty will be effective against claims made by homebuyers, that we will be able to renew our insurance coverage or renew it at reasonable rates, that we will not be liable for damages, the cost of repairs, and/or the expense of litigation surrounding possible construction defects, soil subsidence or building related claims or that claims will not arise out of uninsurable events or circumstances not covered by insurance and not subject to effective indemnification agreements with our subcontractors.
	Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience rates. We also consider historical experience of our peers due to our limited history related to home sales. Indirect warranty overhead salaries and related costs are charged to the reserve in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary.
	Warranty reserves consisted of the following (in thousands):
		Year Ended December 31,
		2013			2012			2011
	Warranty reserves, beginning of period	$	1,593		$	985		$	731
	Warranty reserves accrued		2,898			854			470
	Warranty expenditures		(1,153	)		(246	)		(216	)
	Warranty reserves, end of period	$	3,338		$	1,593		$	985
	Performance Bonds
	We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. As of December 31, 2013 and 2012, the Company had outstanding surety bonds totaling $41.4 million and $11.9 million, respectively. The beneficiaries of the bonds are various municipalities. In the unlikely event that any such surety bond issued by a third party is called because the required improvements are not completed, the Company could be obligated to reimburse the issuer of the bond.
	Leases
	We lease certain property and equipment under non-cancelable operating leases. Office leases are for terms up to six years and generally provide renewal options for terms up to an additional five years. In most cases, we expect that, in the normal course of business, leases that expire will be renewed or replaced by other leases. Equipment leases are typically for terms of three to four years.
	We lease our corporate headquarters located in Irvine, California. The lease on this facility consists of approximately 17,000 square feet and expires in October 2016. During the year we signed a letter of intent to lease an additional 20,000 square feet at our corporate headquarters. We expect to occupy the additional 20,000 square feet during the third quarter of 2014 and the additional lease will expire in 2020. In addition, we lease divisional offices in Northern California and Colorado. The lease on the facility in Northern California consists of approximately 6,200 square feet and expires in September 2017. The lease on the facility in Colorado consists of approximately 5,000 square feet and expires in June 2018. As of December 31, 2013, future minimum lease payments under non-cancelable operating lease agreements are as follows (in thousands):
	2014	$	905
	2015		1,346
	2016		1,386
	2017		1,081
	2018		921
	Thereafter		1,411
		$	7,050
	For the years ended December 31, 2013, 2012 and 2011, rental expense was $531,000, $373,000 and $167,000, respectively.
	Purchase Obligations
	In the ordinary course of business, we enter into land option contracts in order to procure lots for the construction of our homes. We are subject to customary obligations associated with entering into contracts for the purchase of land and improved lots. These purchase contracts typically require a cash deposit and the purchase of properties under these contracts is generally contingent upon satisfaction of certain requirements by the sellers, including obtaining applicable property and development entitlements. We also utilize option contracts with land sellers as a method of acquiring land in staged takedowns, to help us manage the financial and market risk associated with land holdings, and to reduce the use of funds from our corporate financing sources. Option contracts generally require a non-refundable deposit for the right to acquire lots over a specified period of time at pre-determined prices. We generally have the right at our discretion to terminate our obligations under both purchase contracts and option contracts by forfeiting our cash deposit with no further financial responsibility to the land seller. As of December 31, 2013, we had $19.7 million of non-refundable cash deposits pertaining to land option contracts and purchase contracts for 1,184 lots with an aggregate remaining purchase price of approximately $262.1 million (net of deposits).
	Our utilization of land option contracts is dependent on, among other things, the availability of land sellers willing to enter into option takedown arrangements, the availability of capital to financial intermediaries to finance the development of optioned lots, general housing market conditions, and local market dynamics. Options may be more difficult to procure from land sellers in strong housing markets and are more prevalent in certain geographic regions.

StockBased_Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Stock-Based Compensation	'
	7. Stock-Based Compensation
	The Company’s stock compensation plan, the 2013 Long-Term Incentive Plan (“2013 Incentive Plan”), was adopted by our board of directors in January 2013. The 2013 Incentive Plan provides for the grant of equity-based awards, including options to purchase shares of common stock, stock appreciation rights, common stock, restricted stock, restricted stock units and performance awards. The 2013 Incentive Plan will automatically expire on the tenth anniversary of its effective date. Our board of directors may terminate or amend the 2013 Incentive Plan at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation.
	The number of shares of our common stock that may be issued under the 2013 Incentive Plan is 2,527,833 shares. To the extent that shares of our common stock subject to an outstanding option, stock appreciation right, stock award or performance award granted under the 2013 Incentive Plan or any predecessor plan are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such award or the settlement of such award in cash, then such shares of our common stock generally shall again be available under our the 2013 Incentive Plan. As of December 31, 2013 there were 2,096,416 shares available for future grant in the 2013 Incentive Plan.
	The Company has issued stock option awards and restricted stock unit awards against the 2013 Incentive Plan. The exercise price of our stock-based awards may not be less than the market value of our common stock on the date of grant. The fair value for stock options is established at the date of grant using the Black-Scholes model for time based vesting awards. Our stock option awards typically vest over a one to three year period and expire ten years from the date of grant. Our restricted stock awards are valued based on the closing price of our common stock on the date of grant and typically vest over a one to three year period.
	The following table presents compensation expense recognized related to all stock-based awards (in thousands):
		Year Ended December 31,
		2013			2012		2011
	Total stock-based compensation	$	2,371		$	466	$	466
	As of December 31, 2013, total compensation cost related to all non-vested awards not yet recognized was $4.3 million and the weighted average term over which the expense was expected to be recognized was 1.7 years.
	Summary of Stock Option Activity
	The following table presents a summary of stock option awards relating to our 2013 Incentive Plan for the year ended December 31, 2013 (dollars in thousands, except per share amounts):
		2013
		Options			Weighted		Weighted		Aggregate
					Average		Average		Intrinsic
					Exercise		Remaining		Value
					Price		Contractual
							Life
	Options outstanding at beginning of year		—		$	—		—	$	—
	Granted		285,900			17.04		9.1		827
	Exercised		—			—		—		—
	Forefeited		—			—		—		—
	Options outstanding at end of year		285,900		$	17.04		9.1	$	827
	As of December 31, 2013, there were no stock options vested or exercisable. As of December 31, 2013, 285,900 stock options were expected to vest in the future with a weighted average exercise price of $17.04 and a weighted average remaining contractual life of 9.1 years. There were no stock option grants in 2012 or 2011.
	The fair value for stock option awards granted during the year was established at the date of grant using an option based mode. The fair value of the stock option awards was determined using the following assumptions:
		2013
	Dividend yield		0	%
	Expected volatility		44	%
	Risk-free interest rate		1.89	%
	Expected life		5
	Summary of Restricted Stock Unit Activity
	The following table presents a summary of restricted stock units (“RSUs”) relating to our 2013 Incentive Plan for the year ended December 31, 2013 (dollars in thousands, except per share amounts):
		2013
		Restricted Share			Weighted		Aggregate
		Units			Average		Intrinsic
					Grant Date		Value
					Fair Value
	RSUs outstanding at beginning of year		—		$	—	$	—
	Granted		150,667			17.7		—
	Vested		—			—		—
	Forefeited		(5,150	)		18.3		—
	RSUs outstanding at end of year		145,517		$	17.68	$	2,900
	The fair value of restricted stock awards is measured as of the closing price on the date of grant and is expensed on a straight-line basis over the vesting period of the award. There were no restricted stock awards grants in 2012 or 2011.
	Summary of Equity Based Incentive Units
	On September 24, 2010, the Company granted equity based incentive units to management. In connection with our initial public offering in January 2013, the incentive units converted into shares of common stock. The recipients of the equity based incentive units have all the rights of a stockholder, including the rights to vote those shares and receive any dividends or distributions made with respect to those shares and any shares or other property received in respect of those shares; provided, however, any non-cash dividend or distribution with respect to the common stock shall be subject to the same vesting provisions as the incentive units. The vesting terms of the equity based incentive units are as follows: (1)18.75% of such units vested, subject to limitation in (3) below on the date following the first-year anniversary of the date of such officer’s employment; (2) 56.25% of such units vest, subject to limitation in (3) below in equal quarterly installments between the first and fourth-year anniversary of the date of such officer’s employment; (3) 25% of the awards granted in (1) and (2) will vest upon a liquidity event as defined; and (4) 25% of such units will be converted into a number of shares of restricted stock prior to a liquidity event, as defined. The grant-date fair value of the equity based incentive units granted during the period ended December 31, 2010 was $3.3 million. The Company did not grant any equity based incentive units during the year ended December 31, 2013, 2012 and 2011. No equity based incentive units were forfeited during the years ended December 31, 2013, 2012 and 2011.

Segment_Information

Segment Information	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Segment Information	'
	8. Segment Information
	The Company’s operations are organized into two reportable segments: homebuilding and fee building (construction services). In accordance with ASC 280, Segment Reporting, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply.
	The reportable segments follow the same accounting policies as our consolidated financial statements described in Note 1. Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Financial information relating to reportable segments was as follows (in thousands):
		Year Ended December 31,
		2013		2012		2011
	Revenues
	Homebuilding	$	247,091	$	77,477	$	13,525
	Fee building		10,864		1,073		5,804
		$	257,955	$	78,550	$	19,329
	Gross profit
	Homebuilding	$	53,999	$	13,789	$	1,450
	Fee building		1,082		149		150
		$	55,081	$	13,938	$	1,600
		December 31,
		2013		2012
	Assets
	Homebuilding	$	505,174	$	216,667
	Fee building		861		849
		$	506,035	$	217,516

Earnings_Loss_Per_Share

Earnings (Loss) Per Share	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Earnings (Loss) Per Share	'
	9. Earnings (Loss) Per Share
	Basic and diluted earnings (loss) per share for the three years ended December 31, 2013 give effect to the conversion of the Company’s members’ equity into common stock on January 30, 2013 as though the conversion had occurred as of the beginning of the reporting period or the original date of issuance, if later. The number of shares converted was based on the actual initial public offering price of $17.00 per share.
	The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share (dollars in thousands, except share and per share amounts):
			Year Ended December 31,
			2013		2012		2011
	Numerator:
	Net income (loss)		$	15,374	$	2,506	$	(4,593	)
	Denominator:
	Basic weighted-average shares outstanding			30,775,989		21,597,907		12,681,352
	Effect of dilutive shares:
	Unvested restricted stock units(1)			21,613		—		—
	Diluted weighted-average shares outstanding			30,797,602		21,597,907		12,681,352
	Basic earnings (loss) per share		$	0.5	$	0.12	$	(0.36	)
	Diluted earnings (loss) per share(1)		$	0.5	$	0.12	$	(0.36	)
	-1	For the year ended December 31, 2013, no stock options were included in the diluted earnings per share calculation as the effect of their inclusion would be antidilutive. There were no outstanding options or non-vested shares in 2012 or 2011.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	10. Income Taxes
	As discussed in Note 1, in prior years and for the first 30 calendar days of 2013, the Company was a Delaware limited liability company which was treated as partnership for income tax purposes and was subject to certain minimal taxes and fees; however, income taxes on taxable income or losses realized by the Company were the obligation of the members.
	The (provision) benefit for income taxes includes the following (in thousands):
		Year Ended
		December 31,
		2013
	Current (provision) benefit for income taxes:
	Federal	$	(11,967	)
	State		(3,023	)
	Total		(14,990	)
	Deferred (provision) benefit for income taxes:
	Federal		3,840
	State		771
	Total		4,611
	Provision for income taxes	$	(10,379	)
	The effective tax rate differs from the federal statutory rate of 35% due to the following items (in thousands):
		Year Ended
		December 31,
		2013
	Income before income taxes	$	25,753
	Provision for income taxes at federal statutory rate	$	(9,014	)
	(Increases) decreases in tax resulting from:
	State income taxes, net of federal benefit		(1,464	)
	Permanent differences		(552	)
	Deferred tax assets upon conversion to a corporation		590
	Other		61
	Provision for income taxes	$	(10,379	)
	Effective tax rate		(40	)%
	The Company accounts for income taxes in accordance with ASC 740, Income Taxes (“ASC 740”), which requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statements and tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for the years in which taxes are expected to be paid or recovered. The components of our deferred income tax asset are as follows (in thousands):
		December 31,
		2013
	State tax	$	1,058
	Warranty reserves		1,360
	Transaction expenses		1,466
	Share based compensation		571
	Other		156
	Total deferred tax asset	$	4,611
	Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not unrealizable under ASC 740. We are required to establish a valuation allowance for any portion of the asset we conclude is more likely than not to be unrealizable. Our assessment considers, among other things, the nature, frequency and severity of our current and cumulative losses, forecasts of our future taxable income, the duration of statutory carryforward periods and tax planning alternatives.
	As of December 31, 2013, we had $4.6 million in deferred tax assets with no valuation allowance. The Company will continue to evaluate both positive and negative evidence in determining the need for a valuation allowance against its deferred tax assets. Changes in positive and negative evidence, including differences between the Company’s future operating results and the estimates utilized in the determination of the valuation allowance, could result in changes in the Company’s estimate of the valuation allowance against its deferred tax assets. The accounting for deferred taxes is based upon estimates of future results. Differences between the anticipated and actual outcomes of these future results could have a material impact on the Company’s consolidated results of operations or financial position. Also, changes in existing federal and state tax laws and tax rates could affect future tax results and the valuation allowance against the Company’s deferred tax assets.
	The Company classifies any interest and penalties related to income taxes assessed by jurisdiction as part of income tax expense. The Company has concluded that there were no significant uncertain tax positions requiring recognition in its financial statements, nor has the Company been assessed interest or penalties by any major tax jurisdictions related to the first 30 calendar days of 2013 or prior years. As of December 31, 2013, the earliest tax year still subject to examination by the Internal Revenue Service is 2010. The earliest year still subject to examination by a significant state or local taxing jurisdiction is 2010.

Related_Party_Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions	'
	11. Related Party Transactions
	In March 2011 and December 2012, TRI Pointe (through its predecessor in interest, TPH LLC) acquired 62 lots and 25 lots, respectively, in the Rosedale master planned community located in Azusa, California, for a purchase price of approximately $6.5 million and $3.5 million (plus a potential profit participation should a specific net margin be exceeded), respectively, from an entity in which an affiliate of the Starwood Capital Group owns a minority interest.
	In December 2012, TRI Pointe (through its predecessor in interest, TPH LLC) acquired 57 lots out of a total commitment of 149 lots located in Castle Rock, Colorado, for a purchase price of approximately $3.2 million from an entity managed by an affiliate of the Starwood Capital Group. TRI Pointe has the right to acquire the remaining 92 entitled lots for a purchase price of approximately $5.4 million.
	In March 2013, TRI Pointe acquired an additional 66 lots in the Rosedale master planned community located in Azusa, California, for a purchase price of approximately $15.7 million (plus a potential profit participation should a specific net margin be exceeded) from an entity in which an affiliate of the Starwood Capital Group owns a minority interest. This acquisition was approved by TRI Pointe independent directors.
	In September 2013, TRI Pointe acquired 87 lots located in the master planned community of Sycamore Creek in Riverside, CA, for a purchase price of approximately $11.8 million, and 49 lots located in the community of Topazridge, also located in Riverside, CA, for a purchase price of approximately $6 million. These lots were purchased from entities managed by an affiliate of the Starwood Capital Group. This acquisition was approved by TRI Pointe independent directors.
	In December 2013, TRI Pointe acquired 67 lots located in Castle Rock, Colorado, for a purchase price of approximately $3.8 million from an entity managed by an affiliate of the Starwood Capital Group. This acquisition was approved by TRI Pointe independent directors.
	The Starwood Capital Group (through its affiliate the Starwood Fund) owns 11,985,905 shares of our common stock, which represents 37.9% of our common stock as of February 21, 2014. Additionally, Barry Sternlicht, the Chairman and Chief Executive Officer of Starwood Capital Group, is also chairman of our board.

Results_of_Quarterly_Operation

Results of Quarterly Operations	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Results of Quarterly Operations	'
	12. Results of Quarterly Operations (Unaudited)
	The following table presents our unaudited quarterly financial data. In our opinion, this information has been prepared on a basis consistent with that of our audited consolidated financial statements and all necessary material adjustments, consisting of normal recurring accruals and adjustments, have been included to present fairly the unaudited quarterly financial data. Our quarterly results of operations for these periods are not necessarily indicative of future results of operations (in thousands, except per share amounts):
			First			Second			Third			Fourth
			Quarter			Quarter			Quarter			Quarter
	2013
	Total revenues		$	27,888		$	51,087		$	58,539		$	120,441
	Cost of homes sales and fee building			(23,074	)		(41,713	)		(45,340	)		(92,747	)
	Gross margin		$	4,814		$	9,374		$	13,199		$	27,694
	Net income		$	270		$	2,075		$	4,686		$	8,343
	Basic earnings per share (1)		$	0.01		$	0.07		$	0.15		$	0.26
	Diluted earnings per share (1)		$	0.01		$	0.07		$	0.15		$	0.26
	2012
	Total revenues		$	4,653		$	7,808		$	10,060		$	56,029
	Cost of homes sales and fee building			(4,137	)		(6,853	)		(8,879	)		(44,743	)
	Gross margin		$	516		$	955		$	1,181		$	11,286
	Net income (loss)		$	(1,143	)	$	(1,317	)	$	(1,480	)	$	6,446
	Basic earnings per share (1)		$	(0.09	)	$	(0.09	)	$	(0.10	)	$	0.3
	Diluted earnings per share (1)		$	(0.09	)	$	(0.09	)	$	(0.10	)	$	0.3
		-1	Some amounts do not add to our full year results presented on our consolidated statement of operations due to rounding differences in quarterly and annual weighted average share calculations.

Organization_and_Summary_of_Si1

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization	'
	Organization
	TRI Pointe Homes, Inc. is engaged in the design, construction and sale of innovative single-family homes in major metropolitan areas located throughout California and Colorado. We generate a significant amount of our revenues and profits in California.
Basis of Presentation	'
	Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts have been eliminated upon consolidation. Certain prior period amounts have been reclassified to conform to current period presentation. Subsequent events have been evaluated through the date the financial statements were issued.
	The accompanying financial statements have been prepared in accordance with U.S. generally accepted accounting principles (“GAAP”) as contained within the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”).
	Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” refer to TRI Pointe Homes, Inc. (and its consolidated subsidiaries)
Use of Estimates	'
	Use of Estimates
	The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies. Accordingly, actual results could differ materially from these estimates.
Cash and Cash Equivalents and Concentration of Credit Risk	'
	Cash and Cash Equivalents and Concentration of Credit Risk
	We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short term liquid investments with an initial maturity date of less than three months. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.
Real Estate Inventories and Cost of Sales	'
	Real Estate Inventories and Cost of Sales
	We capitalize pre-acquisition, land, development and other allocated costs, including interest, during development and home construction. Applicable costs incurred after development or construction is substantially complete are charged to selling, general and administrative, and other expenses as appropriate. Pre-acquisition costs, including non-refundable land deposits, are expensed to other income (expense) when we determine continuation of the respective project is not probable. In accordance with ASC Topic 835, Interest (“ASC 835”), homebuilding interest capitalized as a cost of inventories owned is included in costs of sales as related units or lots are sold. To the extent our debt exceeds our qualified assets as defined in ASC 835, we expense a portion of the interest incurred by us. Qualified assets represent projects that are actively under development. For the years ended December 31, 2013, 2012, and 2011, we did not expense any interest costs as the qualified assets were in excess of debt.
	Land, development and other common costs are typically allocated to inventory using a methodology that approximates the relative-sales-value method. Home construction costs per production phase are recorded using the specific identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development and related common costs (both incurred and estimated to be incurred) based upon the relative-sales-value of the home within each community. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated on a relative-sales-value method to remaining homes in the community. Inventory is stated at cost, unless the carrying amount is determined not to be recoverable, in which case inventory is written down to fair value. We review our real estate assets at each community for indicators of impairment. Real estate assets include projects actively selling and projects under development or held for future development. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, significant decreases in gross margins and sales absorption rates, costs in excess of budget, and actual or projected cash flow losses.
	If there are indications of impairment, we perform a detailed budget and cash flow review of our real estate assets to determine whether the estimated remaining undiscounted future cash flows of the community are more or less than the asset’s carrying value. If the undiscounted cash flows are more than the asset’s carrying value, no impairment adjustment is required. However, if the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and is written down to fair value. These impairment evaluations require us to make estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if expected future undiscounted cash flows will be sufficient to recover the asset’s carrying value.
	When estimating undiscounted cash flows of a community, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; (iv) alternative product offerings that may be offered that could have an impact on sales pace, sales price and/or building costs; and (v) alternative uses for the property.
	Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing sales absorption rates has a direct impact on the estimated per unit sales price of a home, the level of time sensitive costs (such as indirect construction, overhead and carrying costs), and selling and marketing costs (such as model maintenance costs and advertising costs). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flow analysis. For example, if our objective is to preserve operating margins, our cash flow analysis will be different than if the objective is to increase sales. These objectives may vary significantly from community to community and over time. If assets are considered impaired, impairment is determined by the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when assessment is made. These factors are specific to each community and may vary among communities.
Revenue Recognition	'
	Revenue Recognition
	Home Sales and Profit Recognition
	In accordance with Accounting Standards Codification (“ASC”) 360, Property, Plant, and Equipment, revenues from home sales and other real estate sales are recorded and a profit is recognized when the respective units are closed. Home sales and other real estate sales are closed when all conditions of escrow are met, including delivery of the home or other real estate asset, title passage, appropriate consideration is received and collection of associated receivables, if any, is reasonably assured. Sales incentives are a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. The profit we record is based on the calculation of cost of sales, which is dependent on our allocation of costs, as described in more detail above in the section entitled “—Real Estate Inventories and Cost of Sales.”
	Fee Building
	The Company enters into construction management agreements to provide fee building services whereby it will build, market and sell homes on behalf of independent third-party property owners. The independent third-party property owner funds all project costs incurred by the Company to build and sell the homes. The Company primarily enters into cost plus fee contracts where it charges independent third-party property owners for all direct and indirect costs plus a negotiated management fee. For these types of contracts, the Company recognizes revenue based on the actual total costs it has expended and the applicable management fee. The management fee is typically a fixed fee based on a percentage of the cost or home sales revenue of the project depending on the terms of the agreement with the independent third-party property owner. In accordance with ASC 605, Revenue Recognition, revenues from construction management services are recognized over a cost-to-cost approach in applying the percentage-of-completion method. Under this approach, revenue is earned in proportion to total costs incurred, divided by total costs expected to be incurred. The total estimated cost plus the management fee represents the total contract value. The Company recognizes revenue based on the actual labor and other direct costs incurred, plus the portion of the management fee it has earned to date. In the course of providing its services, the Company routinely subcontracts for services and incurs other direct costs on behalf of its clients. These costs are passed through to clients and, in accordance with industry practice and GAAP, are included in the Company’s revenue and cost of revenue. Under certain agreements, the Company is eligible to receive additional incentive compensation, as certain financial thresholds defined in the agreement are achieved. The Company recognizes revenue for any incentive compensation when such financial thresholds are probable of being met and such compensation is deemed to be collectible, generally at the date the amount is communicated to us by the independent third-party property owner.
	The Company also enters into fee building contracts where it does not bear risks for any services outside of its own. For these types of contracts, the Company recognizes revenue as services are performed. The Company does not recognize any revenue or costs related to subcontractors’ cost since it does not bear any risk related to them.
Warranty Reserves	'
	Warranty Reserves
	Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience rates. We also consider historical experience of our peers due to our limited history related to home sales. Indirect warranty overhead salaries and related costs are charged to the reserve in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary. Our warranty accrual is included in accrued liabilities in the accompanying consolidated balance sheets.
Variable Interest Entities	'
	Variable Interest Entities
	The Company accounts for variable interest entities in accordance with ASC 810, Consolidation (“ASC 810”). Under ASC 810, a variable interest entity (“VIE”) is created when: (a) the equity investment at risk in the entity is not sufficient to permit the entity to finance its activities without additional subordinated financial support provided by other parties, including the equity holders; (b) the entity’s equity holders as a group either (i) lack the direct or indirect ability to make decisions about the entity, or (ii) are not obligated to absorb expected losses of the entity or (iii) do not have the right to receive expected residual returns of the entity; or (c) the entity’s equity holders have voting rights that are not proportionate to their economic interests, and the activities of the entity involve or are conducted on behalf of the equity holder with disproportionately few voting rights. If an entity is deemed to be a VIE pursuant to ASC 810, the enterprise that has both (i) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (ii) the obligation to absorb the expected losses of the entity or right to receive benefits from the entity that could be potentially significant to the VIE is considered the primary beneficiary and must consolidate the VIE. In accordance with ASC 810, we perform ongoing reassessments of whether an enterprise is the primary beneficiary of a VIE.
	Under ASC 810, a non-refundable deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to write off should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a non-refundable deposit, a VIE may have been created. As of December 31, 2013, 2012 and 2011, the Company was not required to consolidate any VIEs nor did the Company write off any costs that had been capitalized under lot option contracts. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE.
Stock-Based Compensation	'
	Stock-Based Compensation
	We account for share-based awards in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees.
Sales and Marketing Expense	'
	Sales and Marketing Expense
	Sales and marketing costs incurred to sell real estate projects are capitalized if they are reasonably expected to be recovered from the sale of the project or from incidental operations and are incurred for tangible assets that are used directly through the selling period to aid in the sale of the project or services that have been performed to obtain regulatory approval of sales. All other selling expenses and other marketing costs are expensed in the period incurred.
Income Taxes	'
	Income Taxes
	Income taxes are accounted for in accordance with ASC 740, Income Taxes (“ASC 740”). The provision for, or benefit from, income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are evaluated on a quarterly basis to determine if adjustments to the valuation allowance are required. In accordance with ASC 740, we assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more likely than not” standard with respect to whether deferred tax assets will be realized. The ultimate realization of deferred tax assets depends primarily on the generation of future taxable income during the periods in which the differences become deductible. The value of our deferred tax assets will depend on applicable income tax rates. Judgment is required in determining the future tax consequences of events that have been recognized in our consolidated financial statements and/or tax returns. Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial statements.
Recently Issued Accounting Standards	'
	Recently Issued Accounting Standards
	On February 5, 2013, the FASB issued Accounting Standards Update 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income (loss). We adopted ASU 2013-02 during the year ended December 31, 2013.
Fair Value Measurements and Disclosures	'
	ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories:
		•	Level 1—Quoted prices for identical instruments in active markets
		•	Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date
		•	Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date
Segment Reporting	'
	In accordance with ASC 280, Segment Reporting, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply.

Real_Estate_Inventories_Tables

Real Estate Inventories (Tables)	12 Months Ended
	Dec. 31, 2013
Inventory Disclosure [Abstract]	'
Summary of Real Estate Inventories	'
	Real estate inventories consisted of the following (in thousands):
		December 31,
		2013			2012
	Inventories owned:
	Deposits and pre-acquisition costs	$	19,714		$	12,285
	Land held and land under development		326,209			129,621
	Homes completed or under construction		92,901			40,955
	Model homes		16,818			11,222
		$	455,642		$	194,083
Summary of Interest Incurred, Capitalized and Expensed	'
	For each of the three years ended December 31, 2013, interest incurred, capitalized, and expensed were as follows (in thousands):
		Year Ended December 31,
		2013			2012			2011
	Interest incurred	$	3,058		$	2,077		$	171
	Interest capitalized		(3,058	)		(2,077	)		(171	)
	Interest expensed	$	—		$	—		$	—
	Capitalized interest in beginning inventory	$	1,364		$	159		$	257
	Interest capitalized as a cost of inventory		3,058			2,077			171
	Interest previously capitalized as a cost of inventory, included in cost of sales		(2,158	)		(872	)		(269	)
	Capitalized interest in ending inventory	$	2,264		$	1,364		$	159

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	12 Months Ended
	Dec. 31, 2013
Payables And Accruals [Abstract]	'
Components of Accrued Liabilities	'
	Accrued liabilities consisted of the following (in thousands):
		December 31,
		2013		2012
	Accrued expenses	$	7,605	$	457
	Accrued income tax payable		7,764		—
	Accrued payroll liabilities		3,513		1,122
	Warranty reserves (Note 6)		3,338		1,593
		$	22,220	$	3,172

Notes_Payable_Tables

Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Components of Notes Payable	'
	Notes payable consisted of the following (in thousands):
		December 31,
		2013		2012
	Revolving credit facilities	$	90,689	$	6,855
	Acquisition and development loans		31,591		37,996
	Construction loans		15,832		12,517
		$	138,112	$	57,368

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Net Book Values and Estimated Fair Values of Notes Payable	'
	At December 31, 2013 and 2012, as required by ASC 820, Financial Instruments, the following presents net book values and estimated fair values of notes payable (in thousands):
			December 31, 2013				December 31, 2012
		Hierarchy	Cost		Fair Value		Cost		Fair Value
	Notes payable
	Revolving credit facilities	Level 3	$	90,689	$	90,689	$	6,855	$	6,855
	Acquisition and development loans	Level 3		31,591		31,591		37,996		37,996
	Construction loans	Level 3		15,832		15,832		12,517		12,517
	Total notes payable		$	138,112	$	138,112	$	57,368	$	57,368

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2013
Commitments And Contingencies Disclosure [Abstract]	'
Schedule of Warranty Reserves	'
	Warranty reserves consisted of the following (in thousands):
		Year Ended December 31,
		2013			2012			2011
	Warranty reserves, beginning of period	$	1,593		$	985		$	731
	Warranty reserves accrued		2,898			854			470
	Warranty expenditures		(1,153	)		(246	)		(216	)
	Warranty reserves, end of period	$	3,338		$	1,593		$	985
Schedule of Future Minimum Lease Payments under Non-Cancelable Operating Lease Agreements	'
	As of December 31, 2013, future minimum lease payments under non-cancelable operating lease agreements are as follows (in thousands):
	2014	$	905
	2015		1,346
	2016		1,386
	2017		1,081
	2018		921
	Thereafter		1,411
		$	7,050

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Summary of Compensation Expense Recognized Related to all Stock-Based Awards	'
	The following table presents compensation expense recognized related to all stock-based awards (in thousands):
		Year Ended December 31,
		2013			2012		2011
	Total stock-based compensation	$	2,371		$	466	$	466
Summary of Stock Option Awards	'
	The following table presents a summary of stock option awards relating to our 2013 Incentive Plan for the year ended December 31, 2013 (dollars in thousands, except per share amounts):
		2013
		Options			Weighted		Weighted		Aggregate
					Average		Average		Intrinsic
					Exercise		Remaining		Value
					Price		Contractual
							Life
	Options outstanding at beginning of year		—		$	—		—	$	—
	Granted		285,900			17.04		9.1		827
	Exercised		—			—		—		—
	Forefeited		—			—		—		—
	Options outstanding at end of year		285,900		$	17.04		9.1	$	827
Summary of Fair Value of Stock Option Awards Granted	'
	The fair value for stock option awards granted during the year was established at the date of grant using an option based mode. The fair value of the stock option awards was determined using the following assumptions:
		2013
	Dividend yield		0	%
	Expected volatility		44	%
	Risk-free interest rate		1.89	%
	Expected life		5
Summary of Restricted Stock Units Relating to 2013 Incentive Plan	'
	The following table presents a summary of restricted stock units (“RSUs”) relating to our 2013 Incentive Plan for the year ended December 31, 2013 (dollars in thousands, except per share amounts):
		2013
		Restricted Share			Weighted		Aggregate
		Units			Average		Intrinsic
					Grant Date		Value
					Fair Value
	RSUs outstanding at beginning of year		—		$	—	$	—
	Granted		150,667			17.7		—
	Vested		—			—		—
	Forefeited		(5,150	)		18.3		—
	RSUs outstanding at end of year		145,517		$	17.68	$	2,900

Segment_Information_Tables

Segment Information (Tables)	12 Months Ended
	Dec. 31, 2013
Segment Reporting [Abstract]	'
Summary of Financial Information Relating to Reportable Segments	'
	Financial information relating to reportable segments was as follows (in thousands):
		Year Ended December 31,
		2013		2012		2011
	Revenues
	Homebuilding	$	247,091	$	77,477	$	13,525
	Fee building		10,864		1,073		5,804
		$	257,955	$	78,550	$	19,329
	Gross profit
	Homebuilding	$	53,999	$	13,789	$	1,450
	Fee building		1,082		149		150
		$	55,081	$	13,938	$	1,600
		December 31,
		2013		2012
	Assets
	Homebuilding	$	505,174	$	216,667
	Fee building		861		849
		$	506,035	$	217,516

Earnings_Loss_Per_Share_Tables

Earnings (Loss) Per Share (Tables)	12 Months Ended
	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Computation of Basic and Diluted Earnings (Loss) Per Share	'
	The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share (dollars in thousands, except share and per share amounts):
			Year Ended December 31,
			2013		2012		2011
	Numerator:
	Net income (loss)		$	15,374	$	2,506	$	(4,593	)
	Denominator:
	Basic weighted-average shares outstanding			30,775,989		21,597,907		12,681,352
	Effect of dilutive shares:
	Unvested restricted stock units(1)			21,613		—		—
	Diluted weighted-average shares outstanding			30,797,602		21,597,907		12,681,352
	Basic earnings (loss) per share		$	0.5	$	0.12	$	(0.36	)
	Diluted earnings (loss) per share(1)		$	0.5	$	0.12	$	(0.36	)
	-1	For the year ended December 31, 2013, no stock options were included in the diluted earnings per share calculation as the effect of their inclusion would be antidilutive. There were no outstanding options or non-vested shares in 2012 or 2011.

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
(Provision) Benefit for Income Taxes	'
	The (provision) benefit for income taxes includes the following (in thousands):
		Year Ended
		December 31,
		2013
	Current (provision) benefit for income taxes:
	Federal	$	(11,967	)
	State		(3,023	)
	Total		(14,990	)
	Deferred (provision) benefit for income taxes:
	Federal		3,840
	State		771
	Total		4,611
	Provision for income taxes	$	(10,379	)
Schedule of Reconciliation of Effective Income Tax Rate	'
	The effective tax rate differs from the federal statutory rate of 35% due to the following items (in thousands):
		Year Ended
		December 31,
		2013
	Income before income taxes	$	25,753
	Provision for income taxes at federal statutory rate	$	(9,014	)
	(Increases) decreases in tax resulting from:
	State income taxes, net of federal benefit		(1,464	)
	Permanent differences		(552	)
	Deferred tax assets upon conversion to a corporation		590
	Other		61
	Provision for income taxes	$	(10,379	)
	Effective tax rate		(40	)%
Components of Deferred Income Tax Asset	'
	The components of our deferred income tax asset are as follows (in thousands):
		December 31,
		2013
	State tax	$	1,058
	Warranty reserves		1,360
	Transaction expenses		1,466
	Share based compensation		571
	Other		156
	Total deferred tax asset	$	4,611

Results_of_Quarterly_Operation1

Results of Quarterly Operations (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Schedule of Quarterly Results of Operations	'
	Our quarterly results of operations for these periods are not necessarily indicative of future results of operations (in thousands, except per share amounts):
			First			Second			Third			Fourth
			Quarter			Quarter			Quarter			Quarter
	2013
	Total revenues		$	27,888		$	51,087		$	58,539		$	120,441
	Cost of homes sales and fee building			(23,074	)		(41,713	)		(45,340	)		(92,747	)
	Gross margin		$	4,814		$	9,374		$	13,199		$	27,694
	Net income		$	270		$	2,075		$	4,686		$	8,343
	Basic earnings per share (1)		$	0.01		$	0.07		$	0.15		$	0.26
	Diluted earnings per share (1)		$	0.01		$	0.07		$	0.15		$	0.26
	2012
	Total revenues		$	4,653		$	7,808		$	10,060		$	56,029
	Cost of homes sales and fee building			(4,137	)		(6,853	)		(8,879	)		(44,743	)
	Gross margin		$	516		$	955		$	1,181		$	11,286
	Net income (loss)		$	(1,143	)	$	(1,317	)	$	(1,480	)	$	6,446
	Basic earnings per share (1)		$	(0.09	)	$	(0.09	)	$	(0.10	)	$	0.3
	Diluted earnings per share (1)		$	(0.09	)	$	(0.09	)	$	(0.10	)	$	0.3
		-1	Some amounts do not add to our full year results presented on our consolidated statement of operations due to rounding differences in quarterly and annual weighted average share calculations.

Organization_and_Summary_of_Si2

Organization and Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended			1 Months Ended	12 Months Ended	1 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Nov. 04, 2013	Dec. 31, 2013	Jan. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
				WRECO Transaction [Member]	WRECO Transaction [Member]	Initial public offering [Member]	Variable Interest Entity, Primary Beneficiary [Member]	Variable Interest Entity, Primary Beneficiary [Member]	Variable Interest Entity, Primary Beneficiary [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]	'	'	'	'	'	'	'	'	'
Common stock shares issued and sold	31,597,907	'	'	'	'	10,000,000	'	'	'
Common stock public offering price	'	'	'	'	'	$17	'	'	'
Net proceeds from common stock sold	'	'	'	'	'	$155,400,000	'	'	'
Common stock, outstanding shares	31,597,907	'	'	'	'	31,597,907	'	'	'
Business acquisition, agreement date	'	'	'	'	4-Nov-13	'	'	'	'
Business acquisition, transaction cost	'	'	'	2,700,000,000	'	'	'	'	'
Common stock shares expected to issue	'	'	'	129,700,000	'	'	'	'	'
Due diligence and other related transaction expenses incurred	'	'	'	4,100,000	'	'	'	'	'
New indebtedness incurred by the merger company	'	'	'	800,000,000	'	'	'	'	'
Cash payment to be made subject to adjustment	'	'	'	739,000,000	'	'	'	'	'
Interest on qualified assets in excess of debt	2,158,000	872,000	269,000	'	'	'	'	'	'
Impairment adjustments relating to real estate inventories	0	0	0	'	'	'	'	'	'
Investments	'	'	'	'	'	'	'No	'No	'No
Costs written off, capitalized under lot option contracts	$0	$0	$0	'	'	'	'	'	'

Real_Estate_Inventories_Summar

Real Estate Inventories - Summary of Real Estate Inventories (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Inventories owned:	'	'
Deposits and pre-acquisition costs	$19,714	$12,285
Land held and land under development	326,209	129,621
Homes completed or under construction	92,901	40,955
Model homes	16,818	11,222
Total real estate inventories	$455,642	$194,083

Real_Estate_Inventories_Summar1

Real Estate Inventories - Summary of Interest Incurred, Capitalized and Expensed (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]	'	'	'
Interest incurred	$3,058	$2,077	$171
Interest capitalized	-3,058	-2,077	-171
Interest expensed	'	'	'
Capitalized interest in beginning inventory	1,364	159	257
Interest capitalized as a cost of inventory	3,058	2,077	171
Interest previously capitalized as a cost of inventory, included in cost of sales	-2,158	-872	-269
Capitalized interest in ending inventory	$2,264	$1,364	$159

Accrued_Liabilities_Components

Accrued Liabilities - Components of Accrued Liabilities (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
In Thousands, unless otherwise specified
Payables And Accruals [Abstract]	'	'	'	'
Accrued expenses	$7,605	$457	'	'
Accrued income tax payable	7,764	'	'	'
Accrued payroll liabilities	3,513	1,122	'	'
Warranty reserves (Note 6)	3,338	1,593	985	731
Total liabilities	$22,220	$3,172	'	'

Notes_Payable_Components_of_No

Notes Payable - Components of Notes Payable (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Notes payable	$138,112	$57,368
Acquisition and development loans [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	31,591	37,996
Construction loans [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	15,832	12,517
Revolving credit facilities [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	$90,689	$6,855

Notes_Payable_Additional_Infor

Notes Payable - Additional Information (Detail) (USD $)

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

1 Months Ended

3 Months Ended

12 Months Ended

0 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 26, 2013

Jul. 31, 2013

Jul. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Jul. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 26, 2013

Jul. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Minimum [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

Notes payable [Member]

Notes payable [Member]

Acquisition and development loans [Member]

Acquisition and development loans [Member]

Construction loans [Member]

Construction loans [Member]

Revolving credit facilities [Member]

Revolving credit facilities [Member]

Revolving credit facilities [Member]

Revolving credit facilities [Member]

Three-year revolving credit facility [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan commitments

$30,000,000

$30,000,000

$30,000,000

'

$175,000,000

$125,000,000

'

'

'

'

'

'

'

$43,200,000

$68,100,000

$22,400,000

$25,400,000

'

'

'

'

'

Initial maturity date

1-Aug-13

1-Mar-14

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19-Apr-14

'

'

Final maturity date

28-Feb-15

31-Jan-16

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

19-Apr-15

'

'

Outstanding balance

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9,100,000

'

81,500,000

Interest rate on revolving credit facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

3.75%

'

2.92%

Available secured revolving credit facility

21,400,000

'

21,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

20,200,000

'

42,200,000

Maturity term

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'3 years

'3 years

'

'

'

Extension period of loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'

'

'

LIBOR interest rate

'

'

'

'

'

'

2.50%

4.00%

4.00%

3.70%

6.00%

'

'

'

'

'

'

'

'

'

'

'

Loan commitments outstanding

57,368,000

138,112,000

57,368,000

'

'

'

'

'

'

'

'

'

'

31,591,000

37,996,000

15,832,000

12,517,000

'

'

90,689,000

6,855,000

'

Weighted average interest rate

5.20%

3.50%

5.20%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest rate on credit facility

5.50%

'

5.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest capitalized to real estate inventories

'

3,058,000

2,077,000

171,000

'

'

'

'

'

'

'

3,100,000

2,100,000

'

'

'

'

'

'

'

'

'

Amortization of deferred financing costs

'

'

'

'

'

'

'

'

'

'

'

99,000

0

'

'

'

'

'

'

'

'

'

Accrued interest payable

$273,000

$347,000

$273,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair_Value_Disclosures_Additio

Fair Value Disclosures - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value Disclosures [Abstract]	'	'
Fair value adjustments to financial and nonfinancial assets	$0	$0
Fair value adjustments to financial and nonfinancial liabilities	$0	$0

Fair_Value_Disclosures_Net_Boo

Fair Value Disclosures - Net Book Values and Estimated Fair Values of Notes Payable (Detail) (USD $)	Dec. 31, 2013	Dec. 31, 2012
In Thousands, unless otherwise specified
Notes payable	'	'
Notes payable, Cost	$138,112	$57,368
Notes payable, Fair Value	138,112	57,368
Revolving credit facilities [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	90,689	6,855
Notes payable, Fair Value	90,689	6,855
Acquisition and development loans [Member]	'	'
Notes payable	'	'
Notes payable, Cost	31,591	37,996
Acquisition and development loans [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	31,591	37,996
Notes payable, Fair Value	31,591	37,996
Construction loans [Member]	'	'
Notes payable	'	'
Notes payable, Cost	15,832	12,517
Construction loans [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	15,832	12,517
Notes payable, Fair Value	$15,832	$12,517

Commitments_and_Contingencies_1

Commitments and Contingencies - Additional Information (Detail) (USD $)	0 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	Lot	Lot
Commitment And Contingencies [Line Items]	'	'	'	'
Accruals for asserted or unasserted matters	$0	$0	$0	'
Reserve percentage to customer service to homebuyers	1.00%	1.00%	'	'
Renewal options	'	'5 years	'	'
Rental expense	'	531,000	373,000	167,000
Non-refundable cash deposits pertaining to land option contracts	19,700,000	19,700,000	'	'
Purchase contracts for lots	1,184	1,184	'	'
Aggregate purchase price	262,100,000	'	'	'
Irvine, California [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease agreements, area	17,000	17,000	'	'
Expiration of lease agreements, month and year	'	'2016-10	'	'
Northern, CA [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease agreements, area	6,200	6,200	'	'
Expiration of lease agreements, month and year	'	'2017-09	'	'
Colorado [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease agreements, area	5,000	5,000	'	'
Expiration of lease agreements, month and year	'	'2018-06	'	'
Surety bonds [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Outstanding surety bonds	$41,400,000	$41,400,000	$11,900,000	'
Office Leases [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease term	'	'6 years	'	'
Additional Lease [Member] | Irvine, California [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease agreements, description	'	'During the year we signed a letter of intent to lease an additional 20,000 square feet at our corporate headquarters. We expect to occupy the additional 20,000 square feet during the third quarter of 2014 and the additional lease will expire in 2020.	'	'
Expiration of lease agreements, year	'	'2020	'	'
Additional Lease [Member] | Irvine, California [Member] | Scenario, Forecast [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease agreements, area	20,000	20,000	'	'
Minimum [Member] | Equipment Leases [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease term	'	'3 years	'	'
Maximum [Member] | Equipment Leases [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Lease term	'	'4 years	'	'

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Movement in Standard Product Warranty Accrual [Roll Forward]	'	'	'
Warranty reserves, beginning of period	$1,593	$985	$731
Warranty reserves accrued	2,898	854	470
Warranty expenditures	-1,153	-246	-216
Warranty reserves, end of period	$3,338	$1,593	$985

Commitments_and_Contingencies_3

Commitments and Contingencies - Schedule of Future Minimum Lease Payments under Non-Cancelable Operating Lease Agreements (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Commitments And Contingencies Disclosure [Abstract]	'
2014	$905
2015	1,346
2016	1,386
2017	1,081
2018	921
Thereafter	1,411
Future minimum lease payments under non-cancelable operating lease agreements	$7,050

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	0 Months Ended	12 Months Ended
In Millions, except Share data, unless otherwise specified	Sep. 24, 2010	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2010
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Compensation cost related to all non-vested awards not yet recognized	'	4.3	'	'	'
Weighted average period, expense to recognize	'	'1 year 8 months 12 days	'	'	'
Stock options vested or exercisable	'	0	'	'	'
Stock options, granted	'	285,900	0	0	'
Stock options expected to vest	'	285,900	'	'	'
Stock options expected to vest, weighted average exercise price	'	17.04	'	'	'
Stock options expected to vest, weighted average remaining contractual life	'	'9 years 1 month 6 days	'	'	'
Restricted stock awards, granted	'	150,667	0	0	'
Stock options [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Expiration from the date of grant	'	'10 years	'	'	'
Equity based incentive units [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting terms description	'The vesting terms of the equity based incentive units are as follows (1)18.75% of such units vested, subject to limitation in (3) below on the date following the first-year anniversary of the date of such officer's employment; (2) 56.25% of such units vest, subject to limitation in (3) below in equal quarterly installments between the first and fourth-year anniversary of the date of such officer's employment; (3) 25% of the awards granted in (1) and (2) will vest upon a liquidity event as defined	'	'	'	'
Equity based incentive granted	'	'	'	'	$3.30
Equity based incentive units, granted	'	0	0	0	'
Equity based incentive units, forfeited	'	0	0	0	'
Minimum [Member] | Stock options [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period	'	'1 year	'	'	'
Minimum [Member] | Restricted stock units [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period	'	'1 year	'	'	'
Maximum [Member] | Stock options [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period	'	'3 years	'	'	'
Maximum [Member] | Restricted stock units [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Vesting period	'	'3 years	'	'	'
2013 Incentive Plan [Member]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Common stock	'	2,527,833	'	'	'
Shares available for future grant	'	2,096,416	'	'	'

StockBased_Compensation_Summar

Stock-Based Compensation - Summary of Compensation Expense Recognized Related to all Stock-Based Awards (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'	'
Total stock-based compensation	$2,371	$466	$466

StockBased_Compensation_Summar1

Stock-Based Compensation - Summary of Stock Option Awards (Detail) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'	'
Options, Outstanding, Balance	'	'	'
Options, Granted	285,900	0	0
Options, Exercised	'	'	'
Options, Forfeited	'	'	'
Options, Outstanding, Balance	285,900	'	'
Weighted Average Exercise Price, Outstanding, Balance	'	'	'
Weighted Average Exercise Price, Granted	$17.04	'	'
Weighted Average Exercise Price, Exercised	'	'	'
Weighted Average Exercise Price, Forfeited	'	'	'
Weighted Average Exercise Price, Outstanding, Balance	$17.04	'	'
Weighted Average Remaining Contractual Life, Granted	'9 years 1 month 6 days	'	'
Weighted Average Remaining Contractual Life, Outstanding	'9 years 1 month 6 days	'	'
Aggregate Intrinsic Value, Outstanding, Balance	'	'	'
Aggregate Intrinsic Value, Granted	827	'	'
Aggregate Intrinsic Value, Exercised	'	'	'
Aggregate Intrinsic Value, Forfeited	'	'	'
Aggregate Intrinsic Value, Outstanding, Balance	$827	'	'

StockBased_Compensation_Summar2

Stock-Based Compensation - Summary of Fair Value of Stock Option Awards Granted (Detail)	12 Months Ended
	Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'
Dividend yield	0.00%
Expected volatility	44.00%
Risk-free interest rate	1.89%
Expected life	'5 years

StockBased_Compensation_Summar3

Stock-Based Compensation - Summary of Restricted Stock Units Relating to 2013 Incentive Plan (Detail) (USD $)	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'	'
Restricted Share Units, Outstanding Beginning Balance	'	'	'
Restricted Share Units, Granted	150,667	0	0
Restricted Share Units, Vested	'	'	'
Restricted Share Units, Forfeited	-5,150	'	'
Restricted Share Units, Outstanding Ending Balance	145,517	'	'
Weighted Average Grant Date Fair Value, Outstanding Beginning Balance	'	'	'
Weighted Average Grant Date Fair Value, Granted	$17.70	'	'
Weighted Average Grant Date Fair Value, Vested	'	'	'
Weighted Average Grant Date Fair Value, Forefeited	$18.30	'	'
Weighted Average Grant Date Fair Value, Outstanding Ending Balance	$17.68	'	'
Aggregate Intrinsic Value, Outstanding Beginning balance	'	'	'
Aggregate Intrinsic Value, Granted	'	'	'
Aggregate Intrinsic Value, Vested	'	'	'
Aggregate Intrinsic Value, Forefeited	'	'	'
Aggregate Intrinsic Value, Outstanding Ending balance	$2,900	'	'

Segment_Information_Additional

Segment Information - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2013
	Segment
Segment Reporting [Abstract]	'
Number of reportable segments	2

Segment_Information_Summary_of

Segment Information - Summary of Financial Information Relating to Reportable Segments (Detail) (USD $)	3 Months Ended								12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues	'	'	'	'	'	'	'	'	'	'	'
Total revenues	'	'	'	'	'	'	'	'	$247,091	$77,477	$13,525
Total revenues	'	'	'	'	'	'	'	'	10,864	1,073	5,804
Total revenues	120,441	58,539	51,087	27,888	56,029	10,060	7,808	4,653	257,955	78,550	19,329
Gross profit	'	'	'	'	'	'	'	'	'	'	'
Gross profit	27,694	13,199	9,374	4,814	11,286	1,181	955	516	55,081	13,938	1,600
Assets	'	'	'	'	'	'	'	'	'	'	'
Assets	506,035	'	'	'	217,516	'	'	'	506,035	217,516	'
Homebuilding [Member]	'	'	'	'	'	'	'	'	'	'	'
Revenues	'	'	'	'	'	'	'	'	'	'	'
Total revenues	'	'	'	'	'	'	'	'	247,091	77,477	13,525
Gross profit	'	'	'	'	'	'	'	'	'	'	'
Gross profit	'	'	'	'	'	'	'	'	53,999	13,789	1,450
Assets	'	'	'	'	'	'	'	'	'	'	'
Assets	505,174	'	'	'	216,667	'	'	'	505,174	216,667	'
Fee building [Member]	'	'	'	'	'	'	'	'	'	'	'
Revenues	'	'	'	'	'	'	'	'	'	'	'
Total revenues	'	'	'	'	'	'	'	'	10,864	1,073	5,804
Gross profit	'	'	'	'	'	'	'	'	'	'	'
Gross profit	'	'	'	'	'	'	'	'	1,082	149	150
Assets	'	'	'	'	'	'	'	'	'	'	'
Assets	$861	'	'	'	$849	'	'	'	$861	$849	'

Earnings_Loss_Per_Share_Additi

Earnings (Loss) Per Share - Additional Information (Detail) (Initial public offering [Member], USD $)	Jan. 31, 2013
Initial public offering [Member]	'
Class of Stock [Line Items]	'
Common stock public offering price	$17

Earnings_Loss_Per_Share_Comput

Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Numerator:	'	'	'	'	'	'	'	'	'	'	'
Net income (loss)	$8,343	$4,686	$2,075	$270	$6,446	($1,480)	($1,317)	($1,143)	$15,374	$2,506	($4,593)
Denominator:	'	'	'	'	'	'	'	'	'	'	'
Basic weighted-average shares outstanding	'	'	'	'	'	'	'	'	30,775,989	21,597,907	12,681,352
Effect of dilutive shares:	'	'	'	'	'	'	'	'	'	'	'
Unvested restricted stock units	'	'	'	'	'	'	'	'	'	0	0
Diluted weighted-average shares outstanding	'	'	'	'	'	'	'	'	30,797,602	21,597,907	12,681,352
Basic earnings (loss) per share	$0.26	$0.15	$0.07	$0.01	$0.30	($0.10)	($0.09)	($0.09)	$0.50	$0.12	($0.36)
Diluted earnings (loss) per share	$0.26	$0.15	$0.07	$0.01	$0.30	($0.10)	($0.09)	($0.09)	$0.50	$0.12	($0.36)
Restricted Stock [Member]	'	'	'	'	'	'	'	'	'	'	'
Effect of dilutive shares:	'	'	'	'	'	'	'	'	'	'	'
Unvested restricted stock units	'	'	'	'	'	'	'	'	21,613	'	'

Earnings_Loss_Per_Share_Comput1

Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Parenthetical) (Detail)	12 Months Ended
	Dec. 31, 2012	Dec. 31, 2011	Dec. 31, 2013
			Stock options [Member]
Class of Stock [Line Items]	'	'	'
Options outstanding	0	0	0
Non-vested shares outstanding	0	0	0

Income_Taxes_Provision_Benefit

Income Taxes - (Provision) Benefit for Income Taxes (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013
Current (provision) benefit for income taxes:	'
Federal	($11,967)
State	-3,023
Current, Total	-14,990
Deferred (provision) benefit for income taxes:	'
Federal	3,840
State	771
Deferred, Total	4,611
Provision for income taxes	($10,379)

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Effective tax rate differs from federal statutory rate	35.00%
Deferred tax assets	$4,611,000
Deferred tax assets, valuation allowance	$0

Income_Taxes_Effective_Tax_Rat

Income Taxes - Effective Tax Rate Differs from Federal Statutory Rate (Detail) (USD $)	12 Months Ended
In Thousands, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Tax Disclosure [Abstract]	'	'	'
Income before income taxes	$25,753	$2,506	($4,593)
Provision for income taxes at federal statutory rate	-9,014	'	'
State income taxes, net of federal benefit	-1,464	'	'
Permanent differences	-552	'	'
Deferred tax assets upon conversion to a corporation	590	'	'
Other	61	'	'
Provision for income taxes	($10,379)	'	'
Effective tax rate	-40.00%	'	'

Income_Taxes_Components_of_Def

Income Taxes - Components of Deferred Income Tax Asset (Detail) (USD $)	Dec. 31, 2013
In Thousands, unless otherwise specified
Income Tax Disclosure [Abstract]	'
State tax	$1,058
Warranty reserves	1,360
Transaction expenses	1,466
Share based compensation	571
Other	156
Total deferred tax asset	$4,611

Related_Party_Transactions_Add

Related Party Transactions - Additional Information (Detail) (USD $)	0 Months Ended	1 Months Ended							1 Months Ended
In Millions, except Share data, unless otherwise specified	Dec. 31, 2013	Dec. 31, 2012	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Feb. 21, 2014	Sep. 30, 2013	Sep. 30, 2013
	Lot	Right to acquire [Member]	Rosedale master planned community [Member]	Rosedale master planned community [Member]	Rosedale master planned community [Member]	Starwood Capital Group Affiliate [Member]	Starwood Capital Group Affiliate [Member]	Starwood Capital Group Affiliate [Member]	Community of Sycamore Creek [Member]	Community of Topazridge [Member]
		Lot	Lot	Lot	Lot	Lot	Lot	Scenario, Forecast [Member]	Lot	Lot
Related Party Transaction [Line Items]	'	'	'	'	'	'	'	'	'	'
Number of lots acquired	'	92	66	25	62	67	57	'	87	49
Purchase price of acquired lots	$262.10	$5.40	$15.70	$3.50	$6.50	$3.80	$3.20	'	$11.80	$6
Total available number of lots	1,184	'	'	'	'	'	149	'	'	'
Number of common stock shares owned	31,597,907	'	'	'	'	'	'	11,985,905	'	'
Common stock shares owned	'	'	'	'	'	'	'	37.90%	'	'

Results_of_Quarterly_Operation2

Results of Quarterly Operations - Schedule of Quarterly Results of Operations (Detail) (USD $)	3 Months Ended								12 Months Ended
In Thousands, except Per Share data, unless otherwise specified	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Income Statement [Abstract]	'	'	'	'	'	'	'	'	'	'	'
Total revenues	$120,441	$58,539	$51,087	$27,888	$56,029	$10,060	$7,808	$4,653	$257,955	$78,550	$19,329
Cost of homes sales and fee building	-92,747	-45,340	-41,713	-23,074	-44,743	-8,879	-6,853	-4,137	'	'	'
Gross margin	27,694	13,199	9,374	4,814	11,286	1,181	955	516	55,081	13,938	1,600
Net income	$8,343	$4,686	$2,075	$270	$6,446	($1,480)	($1,317)	($1,143)	$15,374	$2,506	($4,593)
Basic earnings per share	$0.26	$0.15	$0.07	$0.01	$0.30	($0.10)	($0.09)	($0.09)	$0.50	$0.12	($0.36)
Diluted earnings per share	$0.26	$0.15	$0.07	$0.01	$0.30	($0.10)	($0.09)	($0.09)	$0.50	$0.12	($0.36)