Tri Pointe Homes (TPH) 10-Q 7 Aug 14 2014 Q2 Quarterly report Financial data

Document_and_Entity_Informatio

Document and Entity Information	6 Months Ended
	Jun. 30, 2014	Jul. 31, 2014
Document And Entity Information [Abstract]	'	'
Document Type	'10-Q	'
Amendment Flag	'false	'
Document Period End Date	30-Jun-14	'
Document Fiscal Year Focus	'2014	'
Document Fiscal Period Focus	'Q2	'
Trading Symbol	'TPH	'
Entity Registrant Name	'TRI Pointe Homes, Inc.	'
Entity Central Index Key	'0001561680	'
Current Fiscal Year End Date	'--12-31	'
Entity Filer Category	'Non-accelerated Filer	'
Entity Common Stock, Shares Outstanding	'	161,332,533

Consolidated_Balance_Sheets_Un

Consolidated Balance Sheets (Unaudited) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Assets	'	'
Cash and cash equivalents	$26,120	$35,261
Real estate inventories	542,037	455,642
Contracts and accounts receivable	3,965	1,697
Deferred tax assets	4,611	4,611
Other assets	24,454	8,824
Total Assets	601,187	506,035
Liabilities and Stockholders' Equity	'	'
Accounts payable	20,640	23,397
Accrued liabilities	19,466	22,220
Notes payable	227,128	138,112
Total Liabilities	267,234	183,729
Stockholders' Equity:	'	'
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares outstanding as of June 30, 2014 and December 31, 2013, respectively	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized; 31,632,533 and 31,597,907 shares issued and outstanding at June 30, 2014 and December 31, 2013, respectively	316	316
Additional paid-in capital	312,103	310,878
Retained earnings	21,534	11,112
Total Stockholders' Equity	333,953	322,306
Total Liabilities and Stockholders' Equity	$601,187	$506,035

Consolidated_Balance_Sheets_Un1

Consolidated Balance Sheets (Unaudited) (Parenthetical) (USD $)	Jun. 30, 2014	Dec. 31, 2013
Statement Of Financial Position [Abstract]	'	'
Preferred stock, par value	$0.01	$0.01
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares outstanding	'	'
Common stock, par value	$0.01	$0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	31,632,533	31,597,907
Common stock, shares outstanding	31,632,533	31,597,907

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Revenues:	'	'	'	'
Home sales	$87,336	$47,457	$160,148	$71,314
Fee building	'	3,630	'	7,661
Total revenues	87,336	51,087	160,148	78,975
Expenses:	'	'	'	'
Cost of home sales	66,655	38,318	123,087	57,767
Fee building	'	3,395	'	7,020
Sales and marketing	2,886	1,791	5,372	3,121
General and administrative	6,875	4,108	12,767	7,421
Total expenses	76,416	47,612	141,226	75,329
Income from operations	10,920	3,475	18,922	3,646
Transaction expenses (Note 1)	-607	'	-1,155	'
Other income, net	58	89	49	261
Income before income taxes	10,371	3,564	17,816	3,907
Provision for income taxes	-4,247	-1,489	-7,394	-1,562
Net income	$6,124	$2,075	$10,422	$2,345
Earnings per share (Note 2)	'	'	'	'
Basic	$0.19	$0.07	$0.33	$0.08
Diluted	$0.19	$0.07	$0.33	$0.08
Weighted average number of shares (Note 2)	'	'	'	'
Basic	31,632,533	31,597,907	31,622,956	29,940,448
Diluted	31,750,938	31,614,646	31,697,057	29,953,625

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (Unaudited) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Statement Of Income And Comprehensive Income [Abstract]	'	'	'	'
Net income	$6,124	$2,075	$10,422	$2,345
Unrealized loss on marketable securities available for sale:	'	'	'	'
Unrealized holding loss arising during the period	'	-264	'	-163
Reclassification adjustment included in net income	'	21	'	-19
Unrealized loss on marketable securities, net	'	-243	'	-182
Comprehensive income	$6,124	$1,832	$10,422	$2,163

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (Unaudited) (USD $)	6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013
Cash flows from operating activities	'	'
Net income	$10,422	$2,345
Adjustments to reconcile net income to net cash used in operating activities:	'	'
Depreciation and amortization	149	224
Amortization of stock-based compensation	1,528	844
Gain on sale of marketable securities	'	-19
Changes in operating assets and liabilities:	'	'
Real estate inventories	-86,395	-107,748
Contracts and accounts receivable	-2,268	-900
Other assets	-11,084	821
Accounts payable	-2,757	-603
Accrued liabilities	-2,754	2,442
Net cash used in operating activities	-93,159	-102,594
Cash flows from investing activities	'	'
Purchases of furniture and equipment	-248	-290
Purchases of marketable securities	'	-125,000
Sales of marketable securities	'	85,000
Net cash used in investing activities	-248	-40,290
Cash flows from financing activities	'	'
Borrowings from notes payable	431,189	53,850
Repayments of notes payable	-342,173	-48,661
Loan origination fees	-4,447	'
Minimum tax withholding paid on behalf of employees for stock awards	-303	'
Net proceeds from issuance of common stock	'	155,408
Net cash provided by financing activities	84,266	160,597
Net increase (decrease) in cash and cash equivalents	-9,141	17,713
Cash and cash equivalents - beginning of period	35,261	19,824
Cash and cash equivalents - end of period	26,120	37,537
Supplemental disclosure of cash flow information	'	'
Interest paid, net of amounts capitalized	'	'
Income taxes paid	$17,564	'

Organization_and_Basis_of_Pres

Organization and Basis of Presentation	6 Months Ended
	Jun. 30, 2014
Accounting Policies [Abstract]	'
Organization and Basis of Presentation	'
	1. Organization and Basis of Presentation
	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. The majority of our revenues and profits are generated in California. Unless the context otherwise requires, the terms “we”, “us”, “our”, “TRI Pointe” and “the Company” refer to TRI Pointe Homes, Inc. (and its consolidated subsidiaries).
	Subsequent Events
	Merger with Weyerhaeuser Real Estate Company
	On July 7, 2014 (the “Closing Date”), TRI Pointe consummated the previously announced merger (the “Merger”) of our wholly owned subsidiary, Topaz Acquisition, Inc. (“Merger Sub”), with and into Weyerhaeuser Real Estate Company (“WRECO”), with WRECO surviving the Merger and becoming our wholly owned subsidiary, as contemplated by the Transaction Agreement, dated as of November 3, 2013 (the “Transaction Agreement”), by and among us, Weyerhaeuser Company, WRECO and Merger Sub. In the Merger, TRI Pointe issued 129,700,000 shares of TRI Pointe common stock to the former holders of WRECO common shares, together with cash in lieu of any fractional shares. On the Closing Date, WRECO became a wholly owned subsidiary of TRI Pointe. Immediately following the consummation of the Merger, the ownership of TRI Pointe common stock on a fully diluted basis was as follows: (i) WRECO common shares held by former Weyerhaeuser shareholders were converted into the right to receive, in the aggregate, approximately 79.6% of the then outstanding TRI Pointe common stock, (ii) the TRI Pointe common stock outstanding immediately prior to the consummation of the Merger represented approximately 19.4% of the then outstanding TRI Pointe common stock, and (iii) outstanding equity awards of WRECO and TRI Pointe employees represented the remaining 1.0% of the then outstanding TRI Pointe common stock. On the Closing Date, the former direct parent entity of WRECO paid TRI Pointe an estimated adjustment amount of approximately $31.5 million in cash in accordance with the Transaction Agreement.
	TRI Pointe’s Registration Statement on Form S-4, as amended (Registration No. 333-193248), which was declared effective by the U.S. Securities and Exchange Commission on May 22, 2014, sets forth certain additional information regarding the Merger, the WRECO business, and the intended operations of the combined company created as a result of the Merger.
	Assumption of Senior Notes
	On the Closing Date, TRI Pointe assumed WRECO’s obligations as issuer of $450 million aggregate principal amount of its 4.375% Senior Notes due 2019 and $450 million aggregate principal amount of its 5.875% Senior Notes due 2024 (collectively, the “Notes”). Additionally, WRECO and certain of its subsidiaries (collectively, the “Guarantors”) entered into supplemental indentures (collectively, the “Supplemental Indentures”) pursuant to which they guaranteed TRI Pointe’s obligations with respect to the Notes. The Guarantors also entered into a joinder agreement to the Purchase Agreement, dated as of June 4, 2014, among WRECO, TRI Pointe, and the initial purchasers of the Notes (collectively, the “Initial Purchasers”), pursuant to which the Guarantors became parties to the Purchase Agreement. Additionally, TRI Pointe and the Guarantors entered into joinder agreements to the Registration Rights Agreements, dated as of June 13, 2014, among WRECO and the Initial Purchasers with respect to the Notes, pursuant to which TRI Pointe and the Guarantors were joined as parties to the Registration Rights Agreements.
	The net proceeds of approximately $867.7 million from the offering of the Notes were deposited into two separate escrow accounts following the closing of the offering on June 13, 2014. Upon release of the escrowed funds on the Closing Date and prior to the consummation of the Merger, WRECO paid approximately $743.7 million in cash to its former direct parent, which cash was retained by Weyerhaeuser and its subsidiaries (other than WRECO and its subsidiaries). The payment consisted of the $739.0 million Payment Amount (as defined in the Transaction Agreement) as well as approximately $4.7 million in payment of all unpaid interest on WRECO’s intercompany debt that accrued from November 3, 2013 to the Closing Date. The remaining $124.0 million of proceeds was retained by TRI Pointe.
	Transaction Expenses
	As a result of the Merger, the Company has incurred due diligence, integration and other related transaction expenses during the three and six months ended June 30, 2014 of $607,000 and $1.2 million, respectively. The Company expects to incur significant expenses in connection with the Merger during the three months ended September 30, 2014, including (i) reimbursement of up to $15 million of transaction-related fees and expenses incurred by Weyerhaeuser in accordance with the Transaction Agreement, (ii) approximately $6 million of advisory fees, (iii) approximately $29 million of financing-related fees, $19 million of which will be capitalized as deferred finance related costs, and (iv) accounting, legal and other integration expenses incurred by the Company.
	Basis of Presentation
	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”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with GAAP have been condensed or omitted.
	In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly our consolidated financial position as of June 30, 2014, the results of our consolidated operations for the three and six months ended June 30, 2014 and 2013, and our consolidated cash flows for the six months ended June 30, 2014 and 2013. The results of our consolidated operations for the three and six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year due to the Merger as well as seasonal variations in operating results and other factors. The consolidated balance sheet at December 31, 2013 has been taken from the audited consolidated financial statements as of that date. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013, which are contained in our annual report on Form 10-K for that period.
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries (other than WRECO and its 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 Merger was accounted for in accordance with ASC 805, “Business Combinations.” For accounting purposes, the Merger was treated as a “reverse acquisition” and WRECO was considered the accounting acquirer. Accordingly, WRECO will be reflected as the predecessor and acquirer in the Company’s (the legal acquirer) financial statements for periods ending after June 30, 2014. Our financial statements will reflect the historical financial statements of WRECO as our historical financial statements, except for the legal capital which will reflect our legal capital (common stock). However, because the Merger was not consummated until July 7, 2014, this quarterly report on Form 10-Q includes the unaudited consolidated financial statements (and discussion thereof in Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations”) of the Company as of and for June 30, 2014 on a stand-alone basis. The initial accounting for the Merger (including the allocation of the purchase price to acquired assets and liabilities) is not complete given the limited amount of time since the Closing Date.
	Use of Estimates
	Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of costs and expenses during the reporting period. On an ongoing basis, our management evaluates its estimates and judgments. Our management bases its estimates and judgments on historical experience and on various other factors that we believe to be reasonable under the circumstances. Actual results may differ from our estimates under different assumptions or conditions.
	Recently Issued Accounting Standards
	In April 2014, the FASB issued amendments to Accounting Standards Update 2014-08 (ASU 2014-08), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The update requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. The amendments also expand the disclosure requirements for discontinued operations and add new disclosures for individually significant dispositions that do not qualify as discontinued operations. The amendments are effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014 (early adoption is permitted only for disposals that have not been previously reported). The implementation of the amended guidance is not expected to have a material impact on our consolidated financial position or results of operations.
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: identify the contract(s) with a customer; identify the performance obligations in the contract; determine the transaction price; allocate the transaction price to the performance obligations in the contract; and recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 supersedes the revenue recognition requirements in Accounting Standards Codification Topic No. 605, “Revenue Recognition,” most industry-specific guidance throughout the industry topics of the accounting standards codification, and some cost guidance related to construction-type and production-type contracts. ASU 2014-09 is effective for public entities for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is not permitted. Companies may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements.

Earnings_Per_Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Earnings Per Share	'
	2. Earnings Per Share
	The following table sets forth the components used in the computation of basic and diluted earnings per share (dollars in thousands, except share and per share amounts):
			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2014		2013		2014		2013
	Numerator:
	Net income		$	6,124	$	2,075	$	10,422	$	2,345
	Denominator:
	Basic weighted-average shares outstanding			31,632,533		31,597,907		31,622,956		29,940,448
	Effect of dilutive shares:
	Unvested restricted stock units(1)			118,405		16,739		74,101		13,177
	Diluted weighted-average shares outstanding			31,750,938		31,614,646		31,697,057		29,953,625
	Basic earnings per share(2)		$	0.19	$	0.07	$	0.33	$	0.08
	Diluted earnings per share(1)		$	0.19	$	0.07	$	0.33	$	0.08
	-1	For the three and six months ended June 30, 2014 and 2013, no stock options were included in the diluted income per share calculation as the effect of their inclusion would be antidilutive.
	-2	On January 30, 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. Basic and diluted income (loss) per share for the three and six months ended June 30, 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 IPO price of $17.00 per share.

Real_Estate_Inventories

Real Estate Inventories	6 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Real Estate Inventories	'
	3. Real Estate Inventories
	Real estate inventories consisted of the following (in thousands):
		June 30,			December 31,
		2014			2013
	Inventories owned:
	Deposits and pre-acquisition costs	$	21,889		$	19,714
	Land under development		324,132			326,209
	Homes completed or under construction		168,612			92,901
	Model homes		27,404			16,818
		$	542,037		$	455,642
	Model homes, homes completed, and homes under construction include all costs associated with home construction, including land, development, indirect costs, permits, and vertical construction. Land under development includes costs incurred during site development such as land, development, indirect costs, and permits. Land is classified as held for future development if no significant development has occurred.
	Interest incurred, capitalized and expensed were as follows (in thousands):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Interest incurred	$	2,068		$	579		$	3,304		$	1,313
	Interest capitalized		(2,068	)		(579	)		(3,304	)		(1,313	)
	Interest expensed	$	—		$	—		$	—		$	—
	Capitalized interest in beginning inventory	$	3,078		$	1,842		$	2,264		$	1,364
	Interest capitalized as a cost of inventory		2,068			579			3,304			1,313
	Interest previously capitalized as a cost of inventory, included in cost of sales		(557	)		(502	)		(979	)		(758	)
	Capitalized interest in ending inventory	$	4,589		$	1,919		$	4,589		$	1,919
	Interest is capitalized to real estate inventory during development and other qualifying activities. Interest that is capitalized to real estate inventory is included in cost of sales as related units are closed.

Other_Assets

Other Assets	6 Months Ended
	Jun. 30, 2014
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]	'
Other Assets	'
	4. Other Assets
	Other Assets consisted of the following (in thousands):
		June 30,		December 31,
		2014		2013
	Deferred loan costs	$	4,447	$	704
	Prepaid insurance		9,829		5,469
	Other prepaids		3,273		162
	Other assets		6,905		2,489
		$	24,454	$	8,824

Notes_Payable

Notes Payable	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Notes Payable	'
	5. Notes Payable
	Notes payable consisted of the following (in thousands):
		June 30,		December 31,
		2014		2013
	Unsecured revolving credit facility	$	210,000	$	—
	Secured revolving credit facilities		—		90,689
	Seller financed loans		17,128		—
	Acquisition and development loans		—		31,591
	Construction loans		—		15,832
		$	227,128	$	138,112
	Revolving Credit Facilities
	In June of 2014 the Company entered into an unsecured $425 million revolving credit facility (the “Facility”) with various lenders, with one lender serving as the administrative agent for the Facility. The Facility matures on July 1, 2018, and contains a sublimit of $75 million for letters of credit. The Company may borrow under the Facility in the ordinary course of business to fund its operations, including its land development and homebuilding activities. Borrowings under the Facility will be governed by, among other things a borrowing base. Interest rates on borrowings under the Facility will be based on either a daily eurocurrency base rate or a eurocurrency rate, in either case, plus a spread ranging from 2.15% to 2.85% depending on the Company’s leverage ratio. As of June 30, 2014, there was $4.4 million of capitalized other debt financing costs, included in other assets, related to the Facility that will amortize over the life of the Facility.
	Prior to the new Facility, the Company had two secured revolving credit facilities, one with a maximum loan commitment of $50 million (“$50 million revolving credit facility”) and another with a maximum loan commitment of $175 million (“$175 million revolving credit facility”), both of which were paid in full and terminated upon consummation of the Facility.
	As of June 30, 2014, the outstanding balance under the Facility was $210 million with an interest rate of 2.74% per annum and $126 million of availability after considering the borrowing base provisions and outstanding letters of credit. As noted above, there were no outstanding balances on the $50 million or $175 million revolving credit facility as of June 30, 2014. As of December 31, 2013, the outstanding balance under the $50 million revolving credit facility was $9.1 million with an interest rate of 3.75% per annum and $20.2 million of availability. As of December 31, 2013, the outstanding balance under the $175 million credit facility was $81.5 million with an interest rate of 2.92% per annum and $42.2 million of availability.
	Seller Financed, Secured Acquisition and Development and Construction Loans
	In May of 2014 the Company entered into a seller financed loan to acquire lots for the construction of homes from an unrelated third party. Principal and interest payments on this loan are due and payable as individual homes associated with the acquired land are delivered with any remaining unpaid balance due in May 2016. As of June 30, 2014, the Company had $17.1 million of notes payable outstanding related to land acquisitions for which seller financing was provided. This note will accrue interest at a rate of 7% per annum, with interest calculated on a daily basis.
	The Company has historically entered into secured acquisition and development loan agreements to purchase and develop land parcels. In addition, the Company has entered into secured construction loan agreements for the construction of its model and production homes. In conjunction with the Facility discussed above, all secured acquisition and development and construction loans were paid in full and terminated in June of 2014. 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.
	Interest Incurred
	During the three months ended June 30, 2014 and 2013, the Company incurred interest of $2.1 million and $579,000, respectively, related to all notes payable outstanding during the period. During the six months ended June 30, 2014 and 2013, the Company incurred interest of $3.3 million and $1.3 million, respectively, related to all notes payable outstanding during the period. Included in interest incurred was amortization of deferred financing costs of $636,000 and $0 for the three months ended June 30, 2014 and 2013, respectively. Included in interest incurred was amortization of deferred financing costs of $717,000 and $0 for the six months ended June 30, 2014 and 2013, respectively. Accrued interest payable at June 30, 2014 and 2013 amounted to $103,000 and $160,000, respectively. All interest incurred during the six months ended June 30, 2014 and 2013 was capitalized to real estate inventories.
	Covenant Requirements
	Under the Facility, the Company is required to comply with certain financial covenants, including but not limited to (i) a minimum consolidated tangible net worth; (ii) a maximum total leverage ratio; and (iii) a minimum interest coverage ratio.
	Under the $50 million and $175 million revolving credit facilities, the Company was 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 applicable financial covenants as of June 30, 2014 and December 31, 2013.
	Senior Notes
	See Note 1, Subsequent Events, for a description of the Senior Notes assumed by the Company as part of the Merger, which closed on July 7, 2014.

Fair_Value_Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures	'
	6. Fair Value Disclosures
	Fair Value Measurements
	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 six months ended June 30, 2014 and the year ended December 31, 2013, 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.
	Fair Value of Financial Instruments
	Financial instruments as of June 30, 2014 were comprised of the Facility and a secured seller financed loan. Financial instruments as of December 31, 2013 were comprised of unsecured and secured revolving credit facilities, secured acquisition and development loan agreements and secured construction loan agreements.
	At June 30, 2014 and December 31, 2013, as required by ASC 820, Financial Instruments, the following presents net book values and estimated fair values of notes payable (in thousands):
						30-Jun-14				31-Dec-13
			Hierarchy		Cost		Fair Value		Cost		Fair Value
	Notes payable
	Unsecured revolving credit facility		Level 2		$	210,000	$	210,000	$	—	$	—
	Secured revolving credit facilities		Level 3			—		—		90,689		90,689
	Seller financed loans		Level 3			17,128		17,128		—		—
	Acquisition and development loans		Level 3			—		—		31,591		31,591
	Construction loans		Level 3			—		—		15,832		15,832
	Total notes payable				$	227,128	$	227,128	$	138,112	$	138,112
	The book value of our seller financed loans and unsecured revolving credit facility at June 30, 2014 approximated fair value due to the limited amount of time since we entered into the arrangements in May 2014 and June 2014, respectively. Estimated fair values of the outstanding secured revolving credit facilities, acquisition and development loans, and construction loans at December 31, 2013 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 secured revolving credit facilities, acquisition and development loans and construction loans, book value approximated fair value at December 31, 2013.

Commitments_and_Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Commitments and Contingencies	'
	7. 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 June 30, 2014, 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 to cover our estimated costs of self-insured retentions and deductible amounts under our general liability insurance policy and estimated costs for claims that may not be covered by applicable insurance or indemnities from our subcontractors. 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.
	Estimated future direct warranty costs are accrued in accrued liabilities on the balance sheet 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.
	We subcontract our homebuilding work to certain subcontractors who 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 the primary responsibility of these subcontractors. However, such indemnity is significantly limited with respect to subcontractors that do not provide us with a certificate of insurance who we add to our general liability insurance policy.
	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 certain of our subcontractors.
	Warranty reserves consisted of the following (in thousands):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Warranty reserves, beginning of period	$	3,636		$	1,575		$	3,338		$	1,593
	Warranty reserves accrued		873			621			1,600			728
	Warranty expenditures		(480	)		(257	)		(909	)		(382	)
	Warranty reserves, end of period	$	4,029		$	1,939		$	4,029		$	1,939
	Performance Bonds
	We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. As of June 30, 2014 and December 31, 2013, the Company had outstanding surety bonds totaling $38.8 million and $41.4 million, respectively. The beneficiaries of the bonds are various municipalities.
	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 June 30, 2014, we had $21.9 million of non-refundable cash deposits pertaining to land option contracts and purchase contracts for 1,224 lots with an aggregate remaining purchase price of approximately $255.7 million (net of deposits). 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.
	We analyze each of our land option contracts under the provisions of ASC 810, Consolidation (“ASC 810”). 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 variable interest entity (“VIE”) may have been created for financial reporting purposes. As of June 30, 2014 and December 31, 2013, 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.

Stockholders_Equity_and_StockB

Stockholders' Equity and Stock-Based Compensation	6 Months Ended
	Jun. 30, 2014
Text Block [Abstract]	'
Stockholders' Equity and Stock-Based Compensation	'
	8. Stockholders’ Equity and Stock-Based Compensation
	Stockholders’ Equity
	A summary of changes in our stockholders’ equity is presented below (in thousands):
		Six Months Ended June 30, 2013
											Accumulated
					Additional						Other			Total
		Common			Paid-in			Accumulated			Comprehensive			Stockholders’			Members’			Total
		Stock			Capital			Deficit			Income			Equity			Equity			Equity
	Balance at December 31, 2012	$	—		$	—		$	—		$	—		$	—		$	149,153		$	149,153
	Net income		—			—			2,345			—			2,345			—			2,345
	Unrealized loss on available-for-sale-investments		—			—			—			(182	)		(182	)		—			(182	)
	Total comprehensive income														2,163						2,163
	Conversion of members’ equity into common stock		216			153,199			(4,262	)		—			149,153			(149,153	)		—
	Issuance of common stock, net of issuance costs		100			155,308			—			—			155,408			—			155,408
	Stock-based compensation expense		—			844			—			—			844			—			844
	Balance at June 30, 2013	$	316		$	309,351		$	(1,917	)	$	(182	)	$	307,568		$	—		$	307,568
		Six Months Ended June 30, 2014
					Additional						Total
		Common			Paid-in			Retained			Stockholders’
		Stock			Capital			Earnings			Equity
	Balance at December 31, 2013	$	316		$	310,878		$	11,112		$	322,306
	Net income		—			—			10,422			10,422
	Stock-based compensation expense		—			1,528						1,528
	Minimum tax withholding paid on behalf of employees for stock awards		—			(303	)		—			(303	)
	Balance at June 30, 2014	$	316		$	312,103		$	21,534		$	333,953
	In January 2013, the Company completed its IPO in which it issued and sold 10,000,000 shares of common stock at the public offering price of $17.00 per share. The Company received $155.4 million in net proceeds after deducting underwriting discounts and commissions of $11.9 million and other net offering expenses of $2.7 million. 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 June 30, 2013, the Company had 31,597,907 common shares outstanding. As of June 30, 2014, the Company had 31,632,533 common shares outstanding.
	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 and amended with the approval of our stockholders in 2014. 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.
	As amended, the number of shares of our common stock that may be issued under the 2013 Incentive Plan is 11,727,833 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 June 30, 2014 there were 10,942,517 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):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Total stock-based compensation	$	962		$	517		$	1,528		$	844
	As of June 30, 2014, total unrecognized stock based compensation related to all stock-based awards was $7.7 million and the weighted average term over which the expense was expected to be recognized was 2.0 years.
	Summary of Stock Option Activity
	The following table presents a summary of stock option awards relating to our 2013 Incentive Plan for the six months ended June 30, 2014:
		Six Months Ended June, 30 2014
					Weighted			Weighted
					Average			Average			Aggregate
					Exercise			Remaining			Intrinsic
					Price			Contractual			Value
		Options			Per Share			Life			(in 000’s)
	Options outstanding at December 31, 2013		285,900		$	17.04			9.1		$	827
	Granted		154,598			16.17			9.8			—
	Exercised		—			—			—			—
	Forfeited		—			—			—			—
	Options outstanding at June 30, 2014		440,498			16.73			9			—
	Options exercisable at June 30, 2014		97,767			17.11			8.6			—
	On April 7, 2014, the Company granted an aggregate of 154,598 stock options to members of the executive management team. The stock option awards granted on April 7, 2014 ratably vest annually on the anniversary of the grant date over a three year period. The fair value for stock option awards granted on April 7, 2014 was $9.46 per share and was established at the date of grant using an option based model.
	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 six months ended June 30, 2014:
		Six Months Ended June 30, 2014
					Weighted
					Average			Aggregate
					Grant Date			Intrinsic
		Restricted Stock			Fair Value			Value
		Units			Per Share			(in 000’s)
	Nonvested RSUs at December 31, 2013		145,517		$	17.68		$	2,900
	Granted		217,839			16.17			3,424
	Vested		(51,598	)		17.81			—
	Forfeited		(1,566	)		18.3			25
Nonvested RSUs at June 30, 2014		310,192			16.6			4,876
On April 7, 2014, the Company granted an aggregate of 217,839 restricted stock units to employees, officers and directors. The restricted stock units granted to employees and officers on April 7, 2014 ratably vest annually on the anniversary of the grant date over a three year period. The restricted stock units granted to directors on April 7, 2014 vest on January 31, 2015, except the restricted stock units granted to directors who left the Board upon the closing of the WRECO transaction vested on the date they left the Board based on the number of days served in 2014. The fair value of each restricted stock award granted on April 7, 2014 was measured using a price of $16.17 per share, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period.
On August 5, 2014, the Company granted an aggregate of 56,448 restricted stock units to its board of directors. The restricted stock units granted to directors on August 5, 2014 vest on May 1, 2015. The fair value of each restricted stock award granted on August 5, 2014 was measured using $13.34 per share, which was the closing stock price on the date of grant. Each award will be expensed on a straight-line basis over the vesting period.
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 in each such recipient’s employment agreement; and (4) 25% of such units will be converted into a number of shares of restricted stock prior to a liquidity event. 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 and no equity based incentive units were forfeited during the six months ended June 30, 2014. The Merger constituted a liquidity event as defined in each recipient’s employment agreement. As a result, 25% of the equity based incentive units vested. Refer to Note 1, Subsequent Events for a description of the Merger.

Income_Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2014
Income Tax Disclosure [Abstract]	'
Income Taxes	'
	9. Income Taxes
	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 using enacted tax rates for the years in which taxes are expected to be paid or recovered. 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 June 30, 2014 and 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.
	Our income tax provision totaled $4.2 million and $1.5 million for the three months ended June 30, 2014 and 2013, respectively. Our income tax provision totaled $7.4 million and $1.6 million for the six months ended June 30, 2014 and 2013, respectively. 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 prior years. As of June 30, 2014, 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.

Segment_Information

Segment Information	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Segment Information	'
	10. 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.
	As of December 31, 2013 we had completed all construction activity related to our fee building projects and do not expect material fee building activity in the future. Financial information relating to reportable segments for the three and six months ended June 30, 2014 and 2013, was as follows (in thousands):
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Revenues
	Homebuilding	$	87,336	$	47,457	$	160,148	$	71,314
	Fee building		—		3,630		—		7,661
		$	87,336	$	51,087	$	160,148	$	78,975
	Gross profit
	Homebuilding	$	20,681	$	9,139	$	37,061	$	13,547
	Fee building		—		235		—		641
		$	20,681	$	9,374	$	37,061	$	14,188
		June 30,		December 31,
		2014		2013
	Assets
	Homebuilding	$	601,187	$	505,174
	Fee building		—		861
		$	601,187	$	506,035

Organization_and_Basis_of_Pres1

Organization and Basis of Presentation (Policies)	6 Months Ended
	Jun. 30, 2014
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. The majority of our revenues and profits are generated in California. Unless the context otherwise requires, the terms “we”, “us”, “our”, “TRI Pointe” and “the Company” refer to TRI Pointe Homes, Inc. (and its consolidated subsidiaries).
Subsequent Events	'
	Subsequent Events
	Merger with Weyerhaeuser Real Estate Company
	On July 7, 2014 (the “Closing Date”), TRI Pointe consummated the previously announced merger (the “Merger”) of our wholly owned subsidiary, Topaz Acquisition, Inc. (“Merger Sub”), with and into Weyerhaeuser Real Estate Company (“WRECO”), with WRECO surviving the Merger and becoming our wholly owned subsidiary, as contemplated by the Transaction Agreement, dated as of November 3, 2013 (the “Transaction Agreement”), by and among us, Weyerhaeuser Company, WRECO and Merger Sub. In the Merger, TRI Pointe issued 129,700,000 shares of TRI Pointe common stock to the former holders of WRECO common shares, together with cash in lieu of any fractional shares. On the Closing Date, WRECO became a wholly owned subsidiary of TRI Pointe. Immediately following the consummation of the Merger, the ownership of TRI Pointe common stock on a fully diluted basis was as follows: (i) WRECO common shares held by former Weyerhaeuser shareholders were converted into the right to receive, in the aggregate, approximately 79.6% of the then outstanding TRI Pointe common stock, (ii) the TRI Pointe common stock outstanding immediately prior to the consummation of the Merger represented approximately 19.4% of the then outstanding TRI Pointe common stock, and (iii) outstanding equity awards of WRECO and TRI Pointe employees represented the remaining 1.0% of the then outstanding TRI Pointe common stock. On the Closing Date, the former direct parent entity of WRECO paid TRI Pointe an estimated adjustment amount of approximately $31.5 million in cash in accordance with the Transaction Agreement.
	TRI Pointe’s Registration Statement on Form S-4, as amended (Registration No. 333-193248), which was declared effective by the U.S. Securities and Exchange Commission on May 22, 2014, sets forth certain additional information regarding the Merger, the WRECO business, and the intended operations of the combined company created as a result of the Merger.
	Assumption of Senior Notes
	On the Closing Date, TRI Pointe assumed WRECO’s obligations as issuer of $450 million aggregate principal amount of its 4.375% Senior Notes due 2019 and $450 million aggregate principal amount of its 5.875% Senior Notes due 2024 (collectively, the “Notes”). Additionally, WRECO and certain of its subsidiaries (collectively, the “Guarantors”) entered into supplemental indentures (collectively, the “Supplemental Indentures”) pursuant to which they guaranteed TRI Pointe’s obligations with respect to the Notes. The Guarantors also entered into a joinder agreement to the Purchase Agreement, dated as of June 4, 2014, among WRECO, TRI Pointe, and the initial purchasers of the Notes (collectively, the “Initial Purchasers”), pursuant to which the Guarantors became parties to the Purchase Agreement. Additionally, TRI Pointe and the Guarantors entered into joinder agreements to the Registration Rights Agreements, dated as of June 13, 2014, among WRECO and the Initial Purchasers with respect to the Notes, pursuant to which TRI Pointe and the Guarantors were joined as parties to the Registration Rights Agreements.
	The net proceeds of approximately $867.7 million from the offering of the Notes were deposited into two separate escrow accounts following the closing of the offering on June 13, 2014. Upon release of the escrowed funds on the Closing Date and prior to the consummation of the Merger, WRECO paid approximately $743.7 million in cash to its former direct parent, which cash was retained by Weyerhaeuser and its subsidiaries (other than WRECO and its subsidiaries). The payment consisted of the $739.0 million Payment Amount (as defined in the Transaction Agreement) as well as approximately $4.7 million in payment of all unpaid interest on WRECO’s intercompany debt that accrued from November 3, 2013 to the Closing Date. The remaining $124.0 million of proceeds was retained by TRI Pointe.
	Transaction Expenses
	As a result of the Merger, the Company has incurred due diligence, integration and other related transaction expenses during the three and six months ended June 30, 2014 of $607,000 and $1.2 million, respectively. The Company expects to incur significant expenses in connection with the Merger during the three months ended September 30, 2014, including (i) reimbursement of up to $15 million of transaction-related fees and expenses incurred by Weyerhaeuser in accordance with the Transaction Agreement, (ii) approximately $6 million of advisory fees, (iii) approximately $29 million of financing-related fees, $19 million of which will be capitalized as deferred finance related costs, and (iv) accounting, legal and other integration expenses incurred by the Company.
Basis of Presentation	'
	Basis of Presentation
	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”) for interim financial information and the rules and regulations of the Securities and Exchange Commission (“SEC”). Accordingly, certain information and footnote disclosures normally included in the annual financial statements prepared in accordance with GAAP have been condensed or omitted.
	In our opinion, the accompanying unaudited consolidated financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly our consolidated financial position as of June 30, 2014, the results of our consolidated operations for the three and six months ended June 30, 2014 and 2013, and our consolidated cash flows for the six months ended June 30, 2014 and 2013. The results of our consolidated operations for the three and six months ended June 30, 2014 are not necessarily indicative of the results to be expected for the full year due to the Merger as well as seasonal variations in operating results and other factors. The consolidated balance sheet at December 31, 2013 has been taken from the audited consolidated financial statements as of that date. These unaudited consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2013, which are contained in our annual report on Form 10-K for that period.
	The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries (other than WRECO and its 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 Merger was accounted for in accordance with ASC 805, “Business Combinations.” For accounting purposes, the Merger was treated as a “reverse acquisition” and WRECO was considered the accounting acquirer. Accordingly, WRECO will be reflected as the predecessor and acquirer in the Company’s (the legal acquirer) financial statements for periods ending after June 30, 2014. Our financial statements will reflect the historical financial statements of WRECO as our historical financial statements, except for the legal capital which will reflect our legal capital (common stock). However, because the Merger was not consummated until July 7, 2014, this quarterly report on Form 10-Q includes the unaudited consolidated financial statements (and discussion thereof in Item 2 “Management’s Discussion and Analysis of Financial Condition and Results of Operations”) of the Company as of and for June 30, 2014 on a stand-alone basis. The initial accounting for the Merger (including the allocation of the purchase price to acquired assets and liabilities) is not complete given the limited amount of time since the Closing Date.
Use of Estimates	'
	Use of Estimates
	Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities at the date of the financial statements and the reported amounts of costs and expenses during the reporting period. On an ongoing basis, our management evaluates its estimates and judgments. Our management bases its estimates and judgments on historical experience and on various other factors that we believe to be reasonable under the circumstances. Actual results may differ from our estimates under different assumptions or conditions.
Recently Issued Accounting Standards	'
	Recently Issued Accounting Standards
	In April 2014, the FASB issued amendments to Accounting Standards Update 2014-08 (ASU 2014-08), Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. The update requires that a disposal representing a strategic shift that has (or will have) a major effect on an entity’s financial results or a business activity classified as held for sale should be reported as discontinued operations. The amendments also expand the disclosure requirements for discontinued operations and add new disclosures for individually significant dispositions that do not qualify as discontinued operations. The amendments are effective prospectively for fiscal years, and interim reporting periods within those years, beginning after December 15, 2014 (early adoption is permitted only for disposals that have not been previously reported). The implementation of the amended guidance is not expected to have a material impact on our consolidated financial position or results of operations.
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09 (ASU 2014-09), Revenue from Contracts with Customers. The core principle of ASU 2014-09 is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. To achieve that core principle, an entity should apply the following steps: identify the contract(s) with a customer; identify the performance obligations in the contract; determine the transaction price; allocate the transaction price to the performance obligations in the contract; and recognize revenue when (or as) the entity satisfies a performance obligation. ASU 2014-09 supersedes the revenue recognition requirements in Accounting Standards Codification Topic No. 605, “Revenue Recognition,” most industry-specific guidance throughout the industry topics of the accounting standards codification, and some cost guidance related to construction-type and production-type contracts. ASU 2014-09 is effective for public entities for annual periods and interim periods within those annual periods beginning after December 15, 2016. Early adoption is not permitted. Companies may use either a full retrospective or a modified retrospective approach to adopt ASU 2014-09. We are currently evaluating the potential impact of adopting this guidance on our consolidated financial statements.
Fair Value Measurements	'
	Fair Value Measurements
	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
Income Taxes	'
	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 using enacted tax rates for the years in which taxes are expected to be paid or recovered. 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.
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.

Earnings_Per_Share_Tables

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2014
Earnings Per Share [Abstract]	'
Computation of Basic and Diluted Earnings Per Share	'
	The following table sets forth the components used in the computation of basic and diluted earnings per share (dollars in thousands, except share and per share amounts):
			Three Months Ended				Six Months Ended
			June 30,				June 30,
			2014		2013		2014		2013
	Numerator:
	Net income		$	6,124	$	2,075	$	10,422	$	2,345
	Denominator:
	Basic weighted-average shares outstanding			31,632,533		31,597,907		31,622,956		29,940,448
	Effect of dilutive shares:
	Unvested restricted stock units(1)			118,405		16,739		74,101		13,177
	Diluted weighted-average shares outstanding			31,750,938		31,614,646		31,697,057		29,953,625
	Basic earnings per share(2)		$	0.19	$	0.07	$	0.33	$	0.08
	Diluted earnings per share(1)		$	0.19	$	0.07	$	0.33	$	0.08
	-1	For the three and six months ended June 30, 2014 and 2013, no stock options were included in the diluted income per share calculation as the effect of their inclusion would be antidilutive.
	-2	On January 30, 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. Basic and diluted income (loss) per share for the three and six months ended June 30, 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 IPO price of $17.00 per share.

Real_Estate_Inventories_Tables

Real Estate Inventories (Tables)	6 Months Ended
	Jun. 30, 2014
Inventory Disclosure [Abstract]	'
Summary of Real Estate Inventories	'
	Real estate inventories consisted of the following (in thousands):
		June 30,			December 31,
		2014			2013
	Inventories owned:
	Deposits and pre-acquisition costs	$	21,889		$	19,714
	Land under development		324,132			326,209
	Homes completed or under construction		168,612			92,901
	Model homes		27,404			16,818
		$	542,037		$	455,642
Summary of Interest Incurred, Capitalized and Expensed	'
	Interest incurred, capitalized and expensed were as follows (in thousands):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Interest incurred	$	2,068		$	579		$	3,304		$	1,313
	Interest capitalized		(2,068	)		(579	)		(3,304	)		(1,313	)
	Interest expensed	$	—		$	—		$	—		$	—
	Capitalized interest in beginning inventory	$	3,078		$	1,842		$	2,264		$	1,364
	Interest capitalized as a cost of inventory		2,068			579			3,304			1,313
	Interest previously capitalized as a cost of inventory, included in cost of sales		(557	)		(502	)		(979	)		(758	)
	Capitalized interest in ending inventory	$	4,589		$	1,919		$	4,589		$	1,919

Other_Assets_Tables

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2014
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]	'
Schedule of Other Assets	'
	Other Assets consisted of the following (in thousands):
		June 30,		December 31,
		2014		2013
	Deferred loan costs	$	4,447	$	704
	Prepaid insurance		9,829		5,469
	Other prepaids		3,273		162
	Other assets		6,905		2,489
		$	24,454	$	8,824

Notes_Payable_Tables

Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2014
Debt Disclosure [Abstract]	'
Components of Notes Payable	'
	Notes payable consisted of the following (in thousands):
		June 30,		December 31,
		2014		2013
	Unsecured revolving credit facility	$	210,000	$	—
	Secured revolving credit facilities		—		90,689
	Seller financed loans		17,128		—
	Acquisition and development loans		—		31,591
	Construction loans		—		15,832
		$	227,128	$	138,112

Fair_Value_Disclosures_Tables

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2014
Fair Value Disclosures [Abstract]	'
Net Book Values and Estimated Fair Values of Notes Payable	'
	At June 30, 2014 and December 31, 2013, as required by ASC 820, Financial Instruments, the following presents net book values and estimated fair values of notes payable (in thousands):
				30-Jun-14				31-Dec-13
		Hierarchy	Cost		Fair Value		Cost		Fair Value
	Notes payable
	Unsecured revolving credit facility	Level 2	$	210,000	$	210,000	$	—	$	—
	Secured revolving credit facilities	Level 3		—		—		90,689		90,689
	Seller financed loans	Level 3		17,128		17,128		—		—
	Acquisition and development loans	Level 3		—		—		31,591		31,591
	Construction loans	Level 3		—		—		15,832		15,832
	Total notes payable		$	227,128	$	227,128	$	138,112	$	138,112

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2014
Commitments And Contingencies Disclosure [Abstract]	'
Schedule of Warranty Reserves	'
	Warranty reserves consisted of the following (in thousands):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Warranty reserves, beginning of period	$	3,636		$	1,575		$	3,338		$	1,593
	Warranty reserves accrued		873			621			1,600			728
	Warranty expenditures		(480	)		(257	)		(909	)		(382	)
	Warranty reserves, end of period	$	4,029		$	1,939		$	4,029		$	1,939

Stockholders_Equity_and_StockB1

Stockholders' Equity and Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2014
Text Block [Abstract]	'
Summary of Changes in Stockholders' Equity	'
	A summary of changes in our stockholders’ equity is presented below (in thousands):
		Six Months Ended June 30, 2013
											Accumulated
					Additional						Other			Total
		Common			Paid-in			Accumulated			Comprehensive			Stockholders’			Members’			Total
		Stock			Capital			Deficit			Income			Equity			Equity			Equity
	Balance at December 31, 2012	$	—		$	—		$	—		$	—		$	—		$	149,153		$	149,153
	Net income		—			—			2,345			—			2,345			—			2,345
	Unrealized loss on available-for-sale-investments		—			—			—			(182	)		(182	)		—			(182	)
	Total comprehensive income														2,163						2,163
	Conversion of members’ equity into common stock		216			153,199			(4,262	)		—			149,153			(149,153	)		—
	Issuance of common stock, net of issuance costs		100			155,308			—			—			155,408			—			155,408
	Stock-based compensation expense		—			844			—			—			844			—			844
	Balance at June 30, 2013	$	316		$	309,351		$	(1,917	)	$	(182	)	$	307,568		$	—		$	307,568
		Six Months Ended June 30, 2014
					Additional						Total
		Common			Paid-in			Retained			Stockholders’
		Stock			Capital			Earnings			Equity
	Balance at December 31, 2013	$	316		$	310,878		$	11,112		$	322,306
	Net income		—			—			10,422			10,422
	Stock-based compensation expense		—			1,528						1,528
	Minimum tax withholding paid on behalf of employees for stock awards		—			(303	)		—			(303	)
	Balance at June 30, 2014	$	316		$	312,103		$	21,534		$	333,953
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):
		Three Months Ended						Six Months Ended
		June 30,						June 30,
		2014			2013			2014			2013
	Total stock-based compensation	$	962		$	517		$	1,528		$	844
Summary of Stock Option Awards	'
	The following table presents a summary of stock option awards relating to our 2013 Incentive Plan for the six months ended June 30, 2014:
		Six Months Ended June, 30 2014
					Weighted			Weighted
					Average			Average			Aggregate
					Exercise			Remaining			Intrinsic
					Price			Contractual			Value
		Options			Per Share			Life			(in 000’s)
	Options outstanding at December 31, 2013		285,900		$	17.04			9.1		$	827
	Granted		154,598			16.17			9.8			—
	Exercised		—			—			—			—
	Forfeited		—			—			—			—
	Options outstanding at June 30, 2014		440,498			16.73			9			—
	Options exercisable at June 30, 2014		97,767			17.11			8.6			—
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 six months ended June 30, 2014:
		Six Months Ended June 30, 2014
					Weighted
					Average			Aggregate
					Grant Date			Intrinsic
		Restricted Stock			Fair Value			Value
		Units			Per Share			(in 000’s)
	Nonvested RSUs at December 31, 2013		145,517		$	17.68		$	2,900
	Granted		217,839			16.17			3,424
	Vested		(51,598	)		17.81			—
	Forfeited		(1,566	)		18.3			25
	Nonvested RSUs at June 30, 2014		310,192			16.6			4,876

Segment_Information_Tables

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2014
Segment Reporting [Abstract]	'
Summary of Financial Information Relating to Reportable Segments	'
	Financial information relating to reportable segments for the three and six months ended June 30, 2014 and 2013, was as follows (in thousands):
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2014		2013		2014		2013
	Revenues
	Homebuilding	$	87,336	$	47,457	$	160,148	$	71,314
	Fee building		—		3,630		—		7,661
		$	87,336	$	51,087	$	160,148	$	78,975
	Gross profit
	Homebuilding	$	20,681	$	9,139	$	37,061	$	13,547
	Fee building		—		235		—		641
		$	20,681	$	9,374	$	37,061	$	14,188
		June 30,		December 31,
		2014		2013
	Assets
	Homebuilding	$	601,187	$	505,174
	Fee building		—		861
		$	601,187	$	506,035

Organization_and_Basis_of_Pres2

Organization and Basis of Presentation - Additional Information (Detail) (USD $)

0 Months Ended

3 Months Ended

6 Months Ended

3 Months Ended

0 Months Ended

0 Months Ended

Jun. 13, 2014

Jun. 30, 2014

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Sep. 30, 2014

Jun. 13, 2014

Jun. 13, 2014

Jun. 13, 2014

Jun. 30, 2014

Jul. 07, 2014

Jul. 07, 2014

Jul. 07, 2014

Jul. 07, 2014

Jul. 07, 2014

Accounts

4.375% Senior Notes due 2019 [Member]

5.875% Senior Notes due 2024 [Member]

Scenario, Forecast [Member]

WRECO Transaction [Member]

WRECO Transaction [Member]

WRECO Transaction [Member]

TRI Pointe [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Transaction Agreement [Member]

Unpaid interest [Member]

TRI Pointe [Member]

TRI Pointe [Member]

TRI Pointe [Member]

WRECO Transaction [Member]

Organization And Summary Of Significant Accounting Policies [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock shares issued

'

31,632,533

31,632,533

31,597,907

'

'

'

'

'

'

'

'

129,700,000

'

'

'

Percentage of common stock outstanding

'

'

'

'

'

'

'

'

'

'

'

'

'

'

79.60%

'

Percentage of common stock owned after the Merger by TRI Pointe shareholders of record prior to the Merger

'

'

'

'

'

'

'

'

'

'

'

'

'

19.40%

'

'

Outstanding equity awards of the employee in percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

Amount of adjustment based on transaction agreement

'

'

'

'

'

'

'

'

'

'

'

$31,500,000

'

'

'

'

Aggregate principal amount

'

'

'

'

450,000,000

450,000,000

'

'

'

'

'

'

'

'

'

'

Interest rate on senior note

'

'

'

'

4.38%

5.88%

'

'

'

'

'

'

'

'

'

'

Net proceeds offering

867,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Number of escrow accounts

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Cash payment to be made subject to adjustment

'

'

'

'

'

'

'

743,700,000

739,000,000

4,700,000

'

'

'

'

'

'

Cash retained by the Company

'

'

'

'

'

'

'

'

'

'

124,000,000

'

'

'

'

'

Transaction agreement date

'

'

3-Nov-13

'

'

'

'

'

'

'

'

'

'

'

'

'

Transaction expenses

'

607,000

1,200,000

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment of transaction fees and expenses

'

'

'

'

'

'

15,000,000

'

'

'

'

'

'

'

'

'

Payment of advisory fees

'

'

'

'

'

'

6,000,000

'

'

'

'

'

'

'

'

'

Payment of financing-related fees

'

'

'

'

'

'

29,000,000

'

'

'

'

'

'

'

'

'

Capitalization of deferred finance costs

'

'

'

'

'

'

$19,000,000

'

'

'

'

'

'

'

'

'

Earnings_Per_Share_Computation

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, except Share data, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Numerator:	'	'	'	'
Net income	$6,124	$2,075	$10,422	$2,345
Denominator:	'	'	'	'
Basic weighted-average shares outstanding	31,632,533	31,597,907	31,622,956	29,940,448
Effect of dilutive shares:	'	'	'	'
Unvested restricted stock units	118,405	16,739	74,101	13,177
Diluted weighted-average shares outstanding	31,750,938	31,614,646	31,697,057	29,953,625
Basic earnings per share	$0.19	$0.07	$0.33	$0.08
Diluted earnings per share	$0.19	$0.07	$0.33	$0.08

Earnings_Per_Share_Computation1

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Parenthetical) (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013	Jan. 30, 2013
						Initial public offering [Member]
Class of Stock [Line Items]	'	'	'	'	'	'
Antidilutive stock options excluded from calculation of diluted income per share	0	0	0	0	'	'
Common stock shares issued at initial public offering	31,632,533	'	31,632,533	'	31,597,907	10,000,000
Common stock public offering price	'	'	'	'	'	$17

Real_Estate_Inventories_Summar

Real Estate Inventories - Summary of Real Estate Inventories (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Inventories owned:	'	'
Deposits and pre-acquisition costs	$21,889	$19,714
Land under development	324,132	326,209
Homes completed or under construction	168,612	92,901
Model homes	27,404	16,818
Total real estate inventories	$542,037	$455,642

Real_Estate_Inventories_Summar1

Real Estate Inventories - Summary of Interest Incurred, Capitalized and Expensed (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]	'	'	'	'
Interest incurred	$2,068	$579	$3,304	$1,313
Interest capitalized	-2,068	-579	-3,304	-1,313
Interest expensed	0	0	0	0
Capitalized interest in beginning inventory	3,078	1,842	2,264	1,364
Interest capitalized as a cost of inventory	2,068	579	3,304	1,313
Interest previously capitalized as a cost of inventory, included in cost of sales	-557	-502	-979	-758
Capitalized interest in ending inventory	$4,589	$1,919	$4,589	$1,919

Other_Assets_Schedule_of_Other

Other Assets - Schedule of Other Assets (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]	'	'
Deferred loan costs	$4,447	$704
Prepaid insurance	9,829	5,469
Other prepaids	3,273	162
Other assets	6,905	2,489
Other assets, total	$24,454	$8,824

Notes_Payable_Components_of_No

Notes Payable - Components of Notes Payable (Detail) (USD $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Debt Instrument [Line Items]	'	'
Notes payable	$227,128	$138,112
Unsecured revolving credit facility [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	210,000	'
Secured revolving credit facilities [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	'	90,689
Seller financed loans [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	17,128	'
Acquisition and development loans [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	'	31,591
Construction loans [Member]	'	'
Debt Instrument [Line Items]	'	'
Notes payable	'	$15,832

Notes_Payable_Additional_Infor

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

3 Months Ended

6 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

12 Months Ended

6 Months Ended

0 Months Ended

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jun. 30, 2014

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Jun. 30, 2014

Dec. 31, 2013

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Facility

Notes payable [Member]

Notes payable [Member]

Notes payable [Member]

Notes payable [Member]

Seller financed loans [Member]

Acquisition and development loans [Member]

Construction loans [Member]

50 million revolving credit facility [Member]

50 million revolving credit facility [Member]

175 million revolving credit facility [Member]

175 million revolving credit facility [Member]

425 million revolving credit facility [Member]

425 million revolving credit facility [Member]

425 million revolving credit facility [Member]

Minimum [Member]

Maximum [Member]

Debt Instrument [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Unsecured revolving credit facility

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$425,000,000

'

'

Sublimit for letters of credit

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75,000,000

'

'

Line of credit facility, maturity date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1-Jul-18

'

'

Debt instrument variable interest rate

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2.15%

2.85%

Capitalized other debt financing costs

4,447,000

'

4,447,000

'

704,000

'

'

'

'

'

'

'

'

'

'

'

4,447,000

'

'

Number of secured revolving credit facilities

'

'

2

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan commitments

'

'

'

'

'

'

'

'

'

'

43,200,000

22,400,000

'

50,000,000

'

175,000,000

'

'

'

Outstanding balance

210,000,000

'

210,000,000

'

'

'

'

'

'

'

'

'

9,100,000

0

81,500,000

0

'

'

'

Interest rate on revolving credit facility

'

'

2.74%

'

'

'

'

'

'

'

'

'

3.75%

'

2.92%

'

'

'

'

Available secured revolving credit facility

126,000,000

'

126,000,000

'

'

'

'

'

'

'

'

'

20,200,000

'

42,200,000

'

'

'

'

Loan commitments outstanding

227,128,000

'

227,128,000

'

138,112,000

'

'

'

'

17,128,000

31,591,000

15,832,000

'

'

'

'

'

'

'

Interest rate on seller financed loan

'

'

'

'

'

'

'

'

'

7.00%

'

'

'

'

'

'

'

'

'

Remaining unpaid balance due date

'

'

'

'

'

'

'

'

'

'2016-05

'

'

'

'

'

'

'

'

'

Interest capitalized to real estate inventories

2,068,000

579,000

3,304,000

1,313,000

'

2,100,000

579,000

3,300,000

1,300,000

'

'

'

'

'

'

'

'

'

'

Amortization of deferred financing costs

'

'

'

'

'

636,000

0

717,000

0

'

'

'

'

'

'

'

'

'

'

Accrued interest payable

$103,000

$160,000

$103,000

$160,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Fair_Value_Disclosures_Additio

Fair Value Disclosures - Additional Information (Detail) (USD $)	6 Months Ended	12 Months Ended
	Jun. 30, 2014	Dec. 31, 2013
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 $)	Jun. 30, 2014	Dec. 31, 2013
In Thousands, unless otherwise specified
Notes payable	'	'
Notes payable, Cost	$227,128	$138,112
Notes payable, Fair Value	227,128	138,112
Unsecured revolving credit facility [Member] | Level 2 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	210,000	'
Notes payable, Fair Value	210,000	'
Secured revolving credit facilities [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	'	90,689
Notes payable, Fair Value	'	90,689
Seller financed loans [Member]	'	'
Notes payable	'	'
Notes payable, Cost	17,128	'
Seller financed loans [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	17,128	'
Notes payable, Fair Value	17,128	'
Acquisition and development loans [Member]	'	'
Notes payable	'	'
Notes payable, Cost	'	31,591
Acquisition and development loans [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	'	31,591
Notes payable, Fair Value	'	31,591
Construction loans [Member]	'	'
Notes payable	'	'
Notes payable, Cost	'	15,832
Construction loans [Member] | Level 3 [Member]	'	'
Notes payable	'	'
Notes payable, Cost	'	15,832
Notes payable, Fair Value	'	$15,832

Commitments_and_Contingencies_1

Commitments and Contingencies - Additional Information (Detail) (USD $)	0 Months Ended
In Millions, unless otherwise specified	Jun. 30, 2014	Dec. 31, 2013	Jun. 30, 2014	Dec. 31, 2013
			Lot	Lot
Commitment And Contingencies [Line Items]	'	'	'	'
Accruals for asserted or unasserted matters	'	'	$0	'
Reserve percentage to cover estimated costs	'	'	1.00%	'
Non-refundable cash deposits pertaining to land option contracts	'	'	21.9	19.7
Purchase contracts for lots	'	'	1,224	1,184
Aggregate purchase price	255.7	262.1	'	'
Surety bonds [Member]	'	'	'	'
Commitment And Contingencies [Line Items]	'	'	'	'
Outstanding surety bonds	$38.80	$41.40	$38.80	$41.40

Commitments_and_Contingencies_2

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Movement in Standard Product Warranty Accrual [Roll Forward]	'	'	'	'
Warranty reserves, beginning of period	$3,636	$1,575	$3,338	$1,593
Warranty reserves accrued	873	621	1,600	728
Warranty expenditures	-480	-257	-909	-382
Warranty reserves, end of period	$4,029	$1,939	$4,029	$1,939

Stockholders_Equity_and_StockB2

Stockholders' Equity and Stock-Based Compensation - Summary of Changes in Stockholders' Equity (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	$322,306	$149,153
Net income	6,124	2,075	10,422	2,345
Unrealized loss on available-for-sale-investments	'	-243	'	-182
Total comprehensive income	6,124	1,832	10,422	2,163
Issuance of common stock, net of issuance costs	'	'	'	155,408
Stock-based compensation expense	962	517	1,528	844
Minimum tax withholding paid on behalf of employees for stock awards	'	'	-303	'
Ending balance	333,953	307,568	333,953	307,568
Common Stock [Member]	'	'	'	'
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	316	0
Net income	'	'	0	'
Conversion of members' equity into common stock	'	'	'	216
Issuance of common stock, net of issuance costs	'	'	'	100
Stock-based compensation expense	'	'	0	'
Minimum tax withholding paid on behalf of employees for stock awards	'	'	0	'
Ending balance	316	316	316	316
Additional Paid-in Capital [Member]	'	'	'	'
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	310,878	0
Conversion of members' equity into common stock	'	'	'	153,199
Issuance of common stock, net of issuance costs	'	'	'	155,308
Stock-based compensation expense	'	'	1,528	844
Minimum tax withholding paid on behalf of employees for stock awards	'	'	-303	'
Ending balance	312,103	309,351	312,103	309,351
Retained Earnings (Accumulated Deficit) [Member]	'	'	'	'
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	11,112	0
Net income	'	'	10,422	2,345
Conversion of members' equity into common stock	'	'	'	-4,262
Ending balance	21,534	-1,917	21,534	-1,917
Accumulated Other Comprehensive Income [Member]	'	'	'	'
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	'	0
Unrealized loss on available-for-sale-investments	'	'	'	-182
Ending balance	'	-182	'	-182
Total Stockholders' Equity [Member]	'	'	'	'
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	'	0
Net income	'	'	'	2,345
Unrealized loss on available-for-sale-investments	'	'	'	-182
Total comprehensive income	'	'	'	2,163
Conversion of members' equity into common stock	'	'	'	149,153
Issuance of common stock, net of issuance costs	'	'	'	155,408
Stock-based compensation expense	'	'	'	844
Ending balance	'	307,568	'	307,568
Members' Equity [Member]	'	'	'	'
Schedule Of Shareholders Equity [Line Items]	'	'	'	'
Beginning balance	'	'	'	149,153
Conversion of members' equity into common stock	'	'	'	-149,153
Ending balance	'	$0	'	$0

Stockholders_Equity_and_StockB3

Stockholders' Equity and Stock-Based Compensation - Additional Information (Detail) (USD $)

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

0 Months Ended

6 Months Ended

Apr. 07, 2014

Jun. 30, 2014

Jun. 30, 2013

Dec. 31, 2013

Jan. 30, 2013

Jun. 30, 2014

Jun. 30, 2013

Jan. 30, 2013

Jun. 30, 2014

Sep. 24, 2010

Jun. 30, 2014

Dec. 31, 2010

Aug. 05, 2014

Jul. 07, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Jun. 30, 2014

Initial public offering [Member]

Initial public offering [Member]

Initial public offering [Member]

Initial public offering [Member]

Stock option [Member]

Equity based incentive units [Member]

Equity based incentive units [Member]

Equity based incentive units [Member]

Subsequent Event [Member]

Subsequent Event [Member]

Minimum [Member]

Minimum [Member]

Maximum [Member]

Maximum [Member]

2013 Incentive Plan [Member]

Stock option [Member]

Restricted stock awards [Member]

Stock option [Member]

Restricted stock awards [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Common stock shares issued at initial public offering

'

31,632,533

'

31,597,907

'

'

'

10,000,000

'

'

'

'

'

129,700,000

'

'

'

'

'

Common stock public offering price

'

'

'

'

'

'

'

$17

'

'

'

'

'

'

'

'

'

'

'

Net proceeds from issuance of common stock

'

'

$155,408,000

'

$155,400,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Underwriting discounts and commissions

'

'

'

'

11,900,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Net offering expenses

'

'

'

'

'

'

'

2,700,000

'

'

'

'

'

'

'

'

'

'

'

Common stock, shares outstanding

'

31,632,533

'

31,597,907

'

31,632,533

31,597,907

'

'

'

'

'

'

'

'

'

'

'

'

Common stock

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

11,727,833

Shares available for future grant

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,942,517

Stock option awards, vesting period

'3 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'1 year

'1 year

'3 years

'3 years

'

Expiration from the date of grant

'

'

'

'

'

'

'

'

'10 years

'

'

'

'

'

'

'

'

'

'

Unrecognized stock based compensation related to all stock-based awards

'

7,700,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Weighted average period, expense to recognize

'

'2 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Options, granted

154,598

154,598

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Stock option awards granted, fair value

$9.46

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Restricted stock units, granted

217,839

217,839

'

'

'

'

'

'

'

'

'

'

56,448

'

'

'

'

'

'

Restricted stock award granted, fair value

$16.17

$16.17

'

'

'

'

'

'

'

'

'

'

$13.34

'

'

'

'

'

'

Vesting terms description

'

'

'

'

'

'

'

'

'

'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 officerbs 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 officerbs employment; (3) 25% of the awards granted in (1) and (2) will vest upon a liquidity event, as defined in each such recipientbs employment agreement; and (4) 25% of such units will be converted into a number of shares of restricted stock prior to a liquidity event.

'

'

'

'

'

'

'

'

'

Equity based incentive granted

'

'

'

'

'

'

'

'

'

'

'

$3,300,000

'

'

'

'

'

'

'

Equity based incentive units, granted

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

Equity based incentive units, forfeited

'

'

'

'

'

'

'

'

'

'

0

'

'

'

'

'

'

'

'

Percentage of equity based incentive units vested

'

'

'

'

'

'

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

Stockholders_Equity_and_StockB4

Stockholders' Equity and Stock-Based Compensation - Summary of Compensation Expense Recognized Related to all Stock-Based Awards (Detail) (USD $)	3 Months Ended		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'	'	'
Total stock-based compensation	$962	$517	$1,528	$844

Stockholders_Equity_and_StockB5

Stockholders' Equity and Stock-Based Compensation - Summary of Stock Option Awards (Detail) (USD $)	0 Months Ended	6 Months Ended	12 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 07, 2014	Jun. 30, 2014	Dec. 31, 2013
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'	'
Aggregate Intrinsic Value, Outstanding, Balance	'	'	$827
Options, Outstanding, Balance	'	285,900	'
Options, granted	154,598	154,598	'
Options, Exercised	'	'	'
Options, Forfeited	'	'	'
Options, Outstanding, Balance	'	440,498	285,900
Options exercisable at June 30, 2014	'	97,767	'
Weighted Average Exercise Price, Outstanding, Balance	'	$17.04	'
Weighted Average Exercise Price, Granted	'	$16.17	'
Weighted Average Exercise Price, Exercised	'	'	'
Weighted Average Exercise Price, Forfeited	'	'	'
Weighted Average Exercise Price, Outstanding, Balance	'	$16.73	$17.04
Weighted Average Exercise Price, Options exercisable at June 30, 2014	'	$17.11	'
Weighted Average Remaining Contractual Life, Granted	'	'9 years 9 months 18 days	'
Weighted Average Remaining Contractual Life, Outstanding	'	'9 years	'9 years 1 month 6 days
Weighted Average Remaining Contractual Life, Options exercisable at June 30, 2014	'	'8 years 7 months 6 days	'
Aggregate Intrinsic Value, Outstanding, Balance	'	0	'
Aggregate Intrinsic Value, Options exercisable at June 30, 2014	'	$0	'

Stockholders_Equity_and_StockB6

Stockholders' Equity and Stock-Based Compensation - Summary of Restricted Stock Units Relating to 2013 Incentive Plan (Detail) (USD $)	0 Months Ended	6 Months Ended
In Thousands, except Share data, unless otherwise specified	Apr. 07, 2014	Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]	'	'
Nonvested Restricted Stock Units, Beginning Balance	'	145,517
Nonvested Restricted Stock Units, Granted	217,839	217,839
Nonvested Restricted Stock Units, Vested	'	-51,598
Nonvested Restricted Stock Units, Forfeited	'	-1,566
Nonvested Restricted Stock Units, Ending Balance	'	310,192
Weighted Average Grant Date Fair Value, Beginning Balance	'	$17.68
Weighted Average Grant Date Fair Value, Granted	$16.17	$16.17
Weighted Average Grant Date Fair Value, Vested	'	$17.81
Weighted Average Grant Date Fair Value, Forfeited	'	$18.30
Weighted Average Grant Date Fair Value, Ending Balance	'	$16.60
Aggregate Intrinsic Value, Beginning Balance	'	$2,900
Aggregate Intrinsic Value, Granted	'	3,424
Aggregate Intrinsic Value, Vested	'	'
Aggregate Intrinsic Value, Forfeited	'	25
Aggregate Intrinsic Value, Ending Balance	'	$4,876

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'	'	'	'	'
Deferred tax assets	$4,611,000	'	$4,611,000	'	$4,611,000
Deferred tax assets, valuation allowance	0	'	0	'	0
Provision for income taxes	$4,247,000	$1,489,000	$7,394,000	$1,562,000	'

Segment_Information_Additional

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2014
	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		6 Months Ended
In Thousands, unless otherwise specified	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013	Dec. 31, 2013
Revenues	'	'	'	'	'
Total revenues	$87,336	$47,457	$160,148	$71,314	'
Total revenues	'	3,630	'	7,661	'
Total revenues	87,336	51,087	160,148	78,975	'
Gross profit	'	'	'	'	'
Gross profit	20,681	9,374	37,061	14,188	'
Assets	'	'	'	'	'
Assets	601,187	'	601,187	'	506,035
Homebuilding [Member]	'	'	'	'	'
Revenues	'	'	'	'	'
Total revenues	87,336	47,457	160,148	71,314	'
Gross profit	'	'	'	'	'
Gross profit	20,681	9,139	37,061	13,547	'
Assets	'	'	'	'	'
Assets	601,187	'	601,187	'	505,174
Fee building [Member]	'	'	'	'	'
Revenues	'	'	'	'	'
Total revenues	'	3,630	'	7,661	'
Gross profit	'	'	'	'	'
Gross profit	'	235	'	641	'
Assets	'	'	'	'	'
Assets	$0	'	$0	'	$861