Tri Pointe Homes (TPH) 10-Q 10 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 01, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Trading Symbol	TPH
Entity Registrant Name	TRI Pointe Group, Inc.
Entity Central Index Key	1,561,680
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		161,737,684

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 121,907	$ 170,629
Receivables	34,189	20,118
Real estate inventories	2,535,753	2,280,183
Investments in unconsolidated entities	17,325	16,805
Goodwill and other intangible assets, net	162,296	162,563
Deferred tax assets	148,367	157,821
Other assets	87,350	105,405
Total assets	3,107,187	2,913,524
Liabilities
Accounts payable	51,009	68,860
Accrued expenses and other liabilities	205,422	210,009
Unsecured revolving credit facility	399,392	260,000
Seller financed loans	12,390	14,677
Senior notes	888,267	887,502
Total liabilities	$ 1,556,480	$ 1,441,048
Commitments and contingencies (Note 15)
Stockholders' Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of June 30, 2015 and December 31, 2014, respectively
Common stock, $0.01 par value, 500,000,000 shares authorized; 161,737,684 and 161,355,490 shares issued and outstanding at June 30, 2015 and December 31, 2014, respectively	$ 1,617	$ 1,614
Additional paid-in capital	910,520	906,159
Retained earnings	616,634	546,407
Total stockholders' equity	1,528,771	1,454,180
Noncontrolling interests	21,936	18,296
Total equity	1,550,707	1,472,476
Total liabilities and equity	$ 3,107,187	$ 2,913,524

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
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 issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.01	$ 0.01
Common stock, shares authorized	500,000,000	500,000,000
Common stock, shares issued	161,737,684	161,355,490
Common stock, shares outstanding	161,737,684	161,355,490

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2014	Jun. 30, 2014
Revenues:
Home sales	$ 309,609	$ 551,511
Land and lot sales	27,512	30,899
Other operations	5,442	8,285
Total revenue	342,563	590,695
Expenses:
Cost of home sales	242,709	433,977
Cost of land and lot sales	24,765	27,928
Other operations	567	2,199
Sales and marketing	23,798	44,703
General and administrative	18,184	36,189
Restructuring charges	520	2,178
Total expenses	310,543	547,174
Income from operations	32,020	43,521
Equity in loss of unconsolidated entities	(69)	(137)
Transaction expenses	(448)	(506)
Other income (loss), net	(1,476)	(741)
Income before taxes	30,027	42,137
Provision for income taxes	(5,802)	(10,331)
Net income	24,225	31,806
Net income available to common stockholders	$ 24,225	$ 31,806
Earnings per share
Basic	$ 0.19	$ 0.25
Diluted	$ 0.19	$ 0.25
Weighted average shares outstanding
Basic	129,700,000	129,700,000
Diluted	129,700,000	129,700,000

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($) $ in Thousands	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	TRI Pointe [Member]	Noncontrolling Interests [Member]
Beginning Balance at Dec. 31, 2013	$ 825,517	$ 1,297	$ 333,589	$ 462,210	$ 797,096	$ 28,421
Beginning Balance, Shares at Dec. 31, 2013		129,700,000
Net income	84,197			84,197	84,197
Capital contribution by Weyerhaeuser, net	63,355		63,355		63,355
Common shares issued in connection with the Merger (Note 2)	498,973	$ 317	498,656		498,973
Common shares issued in connection with the Merger (Note 2), Shares		31,632,533
Shares issued under share-based awards	176		176		176
Shares issued under share-based awards, Shares		22,957
Excess tax benefit of share-based awards, net	1,757		1,757		1,757
Stock-based compensation expense	8,626		8,626		8,626
Distributions to noncontrolling interests, net	(17,248)					(17,248)
Net effect of consolidations, de- consolidations and other transactions	7,123					7,123
Ending Balance at Dec. 31, 2014	$ 1,472,476	$ 1,614	906,159	546,407	1,454,180	18,296
Ending Balance, Shares at Dec. 31, 2014	161,355,490	161,355,490
Net income	$ 72,059			70,227	70,227	1,832
Shares issued under share-based awards	660	$ 3	657		660
Shares issued under share-based awards, Shares		382,194
Excess tax benefit of share-based awards, net	352		352		352
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)		(2,190)		(2,190)
Stock-based compensation expense	5,542		5,542		5,542
Distributions to noncontrolling interests, net	(2,121)					(2,121)
Net effect of consolidations, de- consolidations and other transactions	3,929					3,929
Ending Balance at Jun. 30, 2015	$ 1,550,707	$ 1,617	$ 910,520	$ 616,634	$ 1,528,771	$ 21,936
Ending Balance, Shares at Jun. 30, 2015	161,737,684	161,737,684

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net income	$ 72,059	$ 31,806
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Depreciation and amortization	3,171	6,230
Equity in loss of unconsolidated entities, net	81	137
Deferred income taxes, net	9,454	120,822
Amortization of stock-based compensation	5,542	2,703
Charges for impairments and lot option abandonments	1,538	572
Changes in assets and liabilities:
Real estate inventories	(255,416)	(88,352)
Receivables	(14,071)	23,578
Other assets	23,483	7,347
Accounts payable	(17,851)	34,570
Pension and other postretirement benefits	0	1,624
Accrued expenses and other liabilities	(5,085)	(34,888)
Other operating cash flows	0	(1,574)
Net cash (used in) provided by operating activities	(177,095)	104,575
Cash flows from investing activities:
Purchases of property and equipment	(613)	(4,256)
Proceeds from sale of property and equipment	0	7
Investments in unconsolidated entities	(1,257)	236
Net cash used in investing activities	(1,870)	(4,013)
Cash flows from financing activities:
Borrowings from debt	140,000
Repayment of debt	(2,895)	(25,508)
Debt issuance costs	(2,688)
Proceeds from issuance of senior notes	0	886,698
Change in book overdrafts	0	(5,534)
Distributions to Weyerhaeuser	0	(8,606)
Net repayments of debt held by variable interest entities	(875)	3,145
Contributions from noncontrolling interests	2,034	1,385
Distributions to noncontrolling interests	(4,155)	(9,334)
Proceeds from issuance of common stock under share-based awards	660
Excess tax benefits of share-based awards	352	1,572
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)
Net cash provided by financing activities	130,243	843,818
Net (decrease) increase in cash and cash equivalents	(48,722)	944,380
Cash and cash equivalents - beginning of period	170,629	4,510
Cash and cash equivalents - end of period	$ 121,907	$ 948,890

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Organization, Basis of Presentation and Summary of Significant Accounting Policies	1. Organization, Basis of Presentation and Summary of Significant Accounting Policies Organization The Company is engaged in the design, construction and sale of innovative single-family homes through its portfolio of six quality brands across eight states, including Maracay Homes in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California and Colorado and Winchester Homes in Maryland and Virginia. On July 7, 2015, TRI Pointe Homes, Inc., a Delaware corporation, (“TRI Pointe Homes”) reorganized its corporate structure (the “Reorganization”) whereby TRI Pointe Homes became a direct, wholly owned subsidiary of TRI Pointe Group, Inc., a Delaware corporation (“TRI Pointe Group”). See “Note Regarding This Quarterly Report” for information concerning the reorganization effected on July 7, 2015. 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”). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries as described in “Reverse Acquisition” below, as well as other entities in which the Company has a controlling interest and variable interest entities (“VIE”) in which the Company is the primary beneficiary. The noncontrolling interests as of June 30, 2015 and December 31, 2014 represent the outside owners’ interests in the Company’s consolidated entities and the net equity of the VIE owners. 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. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation with respect to interim financial statements, have been included. The Company has historically experienced, and expects to continue to experience, variability in quarterly results. The results of operations for the three or six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014. Because the accompanying notes to consolidated financial statements are condensed, they should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10‑K for the year ended December 31, 2014. Reverse Acquisition 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 (“Weyerhaeuser”), WRECO and Merger Sub. The Merger is accounted for in accordance with ASC Topic 805, Business Combinations See Note 2, Merger with Weyerhaeuser Real Estate Company, 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 and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates. Recently Issued Accounting Standards In April 2014, the FASB issued amendments to Accounting Standards Update 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. We adopted ASU 2014-08 on January 1, 2015 and the adoption had no impact on our current or prior year financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers Revenue Recognition In August 2014, the FASB issued Accounting Standards Update No. 2014-15 (“ASU 2014-15”), Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In February 2015, the FASB issued Accounting Standards Update No. 2015-02, (“ASU 2015-02”), Consolidation (Topic 810): Amendments to the Consolidation Analysis. In April 2015, the FASB issued Accounting Standards Update No. 2015-03, (“ASU 2015-03”), Interest - Imputation of Interest (Subtopic 835-30). Reclassifications Certain amounts in our consolidated financial statements for prior years have been reclassified to conform to the current period presentation.

Merger with Weyerhaeuser Real E

Merger with Weyerhaeuser Real Estate Company	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Merger with Weyerhaeuser Real Estate Company	2. Merger with Weyerhaeuser Real Estate Company 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) the WRECO common shares held by former Weyerhaeuser shareholders were converted into the right to receive, in the aggregate, 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 19.4% of the then outstanding TRI Pointe common stock, and (iii) the 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 $31.5 million in cash in accordance with the Transaction Agreement. Following the Merger, WRECO changed its name to TRI Pointe Holdings, Inc. 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 (the “2019 Notes”) and $450 million aggregate principal amount of its 5.875% Senior Notes due 2024 (the “2024 Notes” and together with the 2019 Notes, the “Senior Notes”). Additionally, WRECO and certain of its subsidiaries (collectively, the “Guarantors”) entered into supplemental indentures pursuant to which they guaranteed TRI Pointe’s obligations with respect to the Senior 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 Senior 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 Senior Notes, pursuant to which TRI Pointe and the Guarantors were joined as parties to the Registration Rights Agreements. The net proceeds of $861.3 million from the offering of the Senior 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 $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 $4.7 million in payment of all unpaid interest on the debt payable to Weyerhaeuser that accrued from November 3, 2013 to the Closing Date. The remaining $117.6 million of proceeds was retained by TRI Pointe. Fair Value of Assets Acquired and Liabilities Assumed The following table summarizes the calculation of the fair value of the total consideration transferred and the provisional amounts recognized as of the Closing Date (in thousands, except shares and closing stock price): Calculation of consideration transferred TRI Pointe shares outstanding 31,632,533 TRI Pointe closing stock price on July 7, 2014 $ 15.85 Consideration attributable to common stock $ 501,376 Consideration attributable to TRI Pointe share-based 1,072 Total consideration transferred $ 502,448 Assets acquired and liabilities assumed Cash and cash equivalents $ 53,800 Accounts receivable 654 Real estate inventories 539,677 Intangible asset 17,300 Goodwill 139,304 Other assets 28,060 Total assets acquired 778,795 Accounts payable 26,105 Accrued expenses and other liabilities 23,114 Notes payable and other borrowings 227,128 Total liabilities assumed 276,347 Total net assets acquired $ 502,448 Cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued payroll liabilities, and accrued expenses and other liabilities were generally stated at historical carrying values given the short-term nature of these assets and liabilities. Notes payable and other borrowings are stated at carrying value due to the limited amount of time since the notes payable and other borrowings were entered into prior to the Closing Date. The Company determined the fair value of real estate inventories on a community-by-community basis primarily using a combination of market-comparable land transactions, land residual analysis and discounted cash flow models. The estimated fair value is significantly impacted by estimates related to expected average selling prices, sales pace, cancellation rates and construction and overhead costs. Such estimates must be made for each individual community and may vary significantly between communities. The fair value of the acquired intangible asset was determined based on a valuation performed by an independent valuation specialist. The $17.3 million intangible asset is related to the TRI Pointe Homes trade name which is deemed to have an indefinite useful life. Goodwill is primarily attributed to expected synergies from combining WRECO’s and TRI Pointe’s existing businesses, including, but not limited to, expected cost synergies from overhead savings resulting from streamlining certain redundant corporate functions, improved operating efficiencies, including provision of certain corporate level administrative and support functions at a lower cost than was historically allocated to WRECO for such services by its former direct parent, and growth of ancillary operations in various markets as permitted under applicable law, including a mortgage business, a title company and other ancillary operations. The Company also anticipates opportunities for growth through expanded geographic and customer segment diversity and the ability to leverage additional brands. The acquired goodwill is not deductible for income tax purposes. The Company completed its business combination accounting during the first quarter of 2015. Supplemental Pro Forma Information (Unaudited) The following represents unaudited pro forma operating results as if the acquisition had been completed as of January 1, 2014 (in thousands, except per share amounts): Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Total revenues $ 429,899 $ 750,843 Net income $ 32,200 $ 44,514 Earnings per share – basic $ 0.20 $ 0.28 Earnings per share – diluted $ 0.20 $ 0.27 The unaudited pro forma operating results have been determined after adjusting the operating results of TRI Pointe to reflect the purchase accounting and other acquisition adjustments including interest expense associated with the debt used to fund a portion of the Merger. The unaudited pro forma results do not reflect any cost savings, operating synergies or other enhancements that we may achieve as a result of the Merger or the costs necessary to integrate the operations to achieve these cost savings and synergies. Accordingly, the unaudited pro forma amounts are for comparative purposes only and may not necessarily reflect the results of operations had the Merger been completed at the beginning of the period or be indicative of the results we will achieve in the future.

Restructuring

Restructuring	6 Months Ended
	Jun. 30, 2015
Restructuring And Related Activities [Abstract]
Restructuring	3. Restructuring In connection with the Merger, the Company initiated a restructuring plan to reduce duplicate corporate and divisional overhead costs and expenses. In addition, WRECO previously recognized restructuring expenses related to general cost reduction initiatives. Restructuring costs were comprised of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Employee-related costs $ 23 $ 60 $ 135 $ 1,307 Lease termination costs 475 460 585 871 Total $ 498 $ 520 $ 720 $ 2,178 Lease termination costs for the three and six months ended June 30, 2015, and 2014, respectively, relate to contract terminations as a result of general cost reduction initiatives. Changes in employee-related restructuring reserves were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Accrued employee-related costs, beginning of period $ 533 $ — $ 3,844 $ 4,336 Current year charges 23 60 135 1,307 Payments (447 ) (60 ) (3,870 ) (5,643 ) Accrued employee-related costs, end of period $ 109 $ — $ 109 $ — Changes in lease termination related restructuring reserves were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Accrued lease termination costs, beginning of period $ 926 $ 2,758 $ 1,394 $ 3,506 Current year charges 475 460 585 871 Payments (757 ) (764 ) (1,335 ) (1,923 ) Accrued lease termination costs, end of period $ 644 $ 2,454 $ 644 $ 2,454 Employee and lease termination restructuring reserves are included in accrued expenses and other liabilities on our consolidated balance sheets.

Segment Information

Segment Information	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Segment Information	4. Segment Information Our operations consist of six homebuilding companies that acquire and develop land and construct and sell single-family homes. In accordance with ASC Topic 280, Segment Reporting Corporate is a non-operating segment that develops and implements company-wide strategic initiatives and provides support to our homebuilding reporting segments by centralizing certain administrative functions, such as marketing, legal, accounting, treasury, insurance and risk management, information technology and human resources, to benefit from economies of scale. Our Corporate non-operating segment also includes general and administrative expenses related to operating our corporate headquarters. A portion of the expenses incurred by Corporate is allocated to the homebuilding reporting segments. 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. Total revenues and income before taxes for each of our reportable segments were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total revenues Maracay $ 33,574 $ 35,045 $ 66,051 $ 70,275 Pardee 166,064 145,247 251,723 217,709 Quadrant 38,896 31,785 84,525 64,039 Trendmaker 65,982 67,756 122,191 129,156 TRI Pointe 130,735 — 237,592 — Winchester 60,266 62,730 110,693 109,516 Total $ 495,517 $ 342,563 $ 872,775 $ 590,695 Income (loss) before taxes Maracay $ 1,068 $ 2,387 $ 2,108 $ 6,010 Pardee 67,734 18,656 81,292 25,793 Quadrant 766 5,459 2,347 6,240 Trendmaker 6,040 7,825 10,400 14,202 TRI Pointe 14,564 — 25,695 — Winchester 5,957 6,868 6,338 11,037 Corporate (9,127 ) (11,168 ) (18,054 ) (21,145 ) Total $ 87,002 $ 30,027 $ 110,126 $ 42,137 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): June 30, December 31, 2015 2014 Real estate inventories Maracay $ 189,036 $ 153,577 Pardee 999,972 924,362 Quadrant 170,506 153,493 Trendmaker 196,015 176,696 TRI Pointe 696,811 613,666 Winchester 283,413 258,389 Total $ 2,535,753 $ 2,280,183 Total assets Maracay $ 201,628 $ 170,932 Pardee 1,067,332 1,000,489 Quadrant 181,502 167,796 Trendmaker 218,531 195,829 TRI Pointe 867,043 781,301 Winchester 311,004 281,547 Corporate 260,147 315,630 Total $ 3,107,187 $ 2,913,524

Earnings Per Share

Earnings Per Share	6 Months Ended
	Jun. 30, 2015
Earnings Per Share [Abstract]
Earnings Per Share	5. Earnings Per Share The following table sets forth the components used in the computation of basic and diluted earnings per share (in thousands, except share and per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator: Net income available to common stockholders $ 54,930 $ 24,225 $ 70,227 $ 31,806 Denominator: Basic weighted-average shares outstanding 161,686,570 129,700,000 161,589,310 129,700,000 Effect of dilutive shares: Stock options and unvested restricted stock units 621,529 — 675,845 — Diluted weighted-average shares outstanding 162,308,099 129,700,000 162,265,155 129,700,000 Earnings per share Basic $ 0.34 $ 0.19 $ 0.43 $ 0.25 Diluted $ 0.34 $ 0.19 $ 0.43 $ 0.25 Antidilutive unvested restricted stock units and stock options not included in diluted earnings per share 2,343,905 — 2,563,137 —

Receivables

Receivables	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Receivables	6. Receivables Receivables consisted of the following (in thousands): June 30, December 31, 2015 2014 Escrow proceeds and other accounts receivable, net $ 23,363 $ 9,771 Warranty insurance receivable (Note 15) 10,526 10,047 Notes and contracts receivable 300 300 Total receivables $ 34,189 $ 20,118

Real Estate Inventories

Real Estate Inventories	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Real Estate Inventories	7. Real Estate Inventories Real estate inventories consisted of the following (in thousands): June 30, December 31, 2015 2014 Real estate inventories owned: Homes completed or under construction $ 726,553 $ 461,712 Land under development 1,349,956 1,391,303 Land held for future development 256,865 245,673 Model homes 128,839 103,270 Total real estate inventories owned 2,462,213 2,201,958 Real estate inventories not owned: Land purchase and land option deposits 36,976 44,155 Consolidated inventory held by VIEs 36,564 34,070 Total real estate inventories not owned 73,540 78,225 Total real estate inventories $ 2,535,753 $ 2,280,183 Homes completed or under construction is comprised of costs associated with homes in various stages of construction and includes direct construction and related land acquisition and land development costs. Land under development primarily consists of land acquisition and land development costs, which include capitalized interest and real estate taxes, associated with land undergoing improvement activity. Land held for future development principally reflects land acquisition and land development costs related to land where development activity has not yet begun or has been suspended, but is expected to occur in the future. Real estate inventories not owned represents deposits related to land purchase and land option agreements as well as consolidated inventory held by variable interest entities. For further details, see Note 9, Variable Interest Entities During the quarter ended June 30, 2015 the Company sold a 15.72 acre employment center located in the Pacific Highlands Ranch community in the San Diego, California division of our Pardee Homes reporting segment. The land sold under this sale was classified as land under development and represented $53.0 million of land and lot sales revenue in the consolidated statement of operations for the quarter. Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Interest incurred $ 15,149 $ 6,551 $ 30,325 $ 10,589 Interest capitalized (15,149 ) (4,339 ) (30,325 ) (8,148 ) Interest expensed $ — $ 2,212 $ — $ 2,441 Capitalized interest in beginning inventory $ 132,872 $ 137,979 $ 124,461 $ 138,233 Interest capitalized as a cost of inventory 15,149 4,339 30,325 8,148 Interest previously capitalized as a cost of inventory, included in cost of sales (7,915 ) (28,553 ) (14,680 ) (32,616 ) Capitalized interest in ending inventory $ 140,106 $ 113,765 $ 140,106 $ 113,765 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 home sales as related units are delivered. Interest that is expensed as incurred is included in other income (expense). Real estate inventory impairments and land and lot option abandonments Real estate inventory impairments and land option abandonments consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Real estate inventory impairments $ 878 $ 42 $ 1,044 $ 52 Land and lot option abandonments and pre- acquisition costs 300 62 494 520 Total $ 1,178 $ 104 $ 1,538 $ 572 Impairments of homebuilding assets and related charges relate primarily to projects or communities held for development. Within a community that is held for development, there may be individual homes or parcels of land that are currently held for sale. Impairment charges recognized as a result of adjusting individual held-for-sale assets within a community to estimated fair value less cost to sell are also included in the total impairment charges above. Charges for inventory impairments are expensed to cost of sales. In addition to owning land and residential lots, we also have option agreements to purchase land and lots at a future date. We have option deposits and capitalized pre-acquisition costs associated with the optioned land and lots. When the economics of a project no longer support acquisition of the land or lots under option, we may elect not to move forward with the acquisition. Option deposits and capitalized pre-acquisition costs associated with the assets under option may be forfeited at that time. Charges for such forfeitures are expensed to cost of sales.

Investments in Unconsolidated E

Investments in Unconsolidated Entities	6 Months Ended
	Jun. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Entities	8. Investments in Unconsolidated Entities As of June 30, 2015, we held equity investments in six active real estate partnerships or limited liability companies. Our participation in these entities may be as a developer, a builder, or an investment partner. Our ownership percentage varies from 7% to 55%, depending on the investment, with no controlling interest held in any of these investments. Investments Held Our cumulative investment in entities accounted for on the equity method, including our share of earnings and losses, consisted of the following (in thousands): June 30, December 31, 2015 2014 Limited partnership and limited liability company interests $ 13,961 $ 13,710 General partnership interests 3,364 3,095 Total $ 17,325 $ 16,805 Unconsolidated Financial Information Aggregated assets, liabilities and operating results of the entities we account for as equity-method investments are provided below. Because our ownership interest in these entities varies, a direct relationship does not exist between the information presented below and the amounts that are reflected on our consolidated balance sheets as our investment in unconsolidated entities or on our consolidated statement of operations as equity in loss of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands): June 30, December 31, 2015 2014 Assets Cash $ 14,374 $ 17,154 Receivables 9,550 9,550 Real estate inventories 89,801 95,500 Other assets 814 620 Total assets $ 114,539 $ 122,824 Liabilities and equity Accounts payable and other liabilities $ 11,706 $ 10,914 Company's equity 17,325 16,805 Outside interests' equity 85,508 95,105 Total liabilities and equity $ 114,539 $ 122,824 Results of operations from unconsolidated entities (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net sales $ 1,377 $ 336 $ 1,453 $ 407 Other operating expense (1,805 ) $ (1,146 ) (2,541 ) (2,157 ) Other income 5 $ 12 7 14 Net loss $ (423 ) $ (798 ) $ (1,081 ) $ (1,736 ) Company's equity in loss of unconsolidated entities $ (155 ) $ (69 ) $ (81 ) $ (137 )

Variable Interest Entities

Variable Interest Entities	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	9. Variable Interest Entities In the ordinary course of business, we enter into land option agreements in order to procure land and residential lots for future development and the construction of homes. The use of such land option agreements generally allows us to reduce the risks associated with direct land ownership and development, and reduces our capital and financial commitments. Pursuant to these land option agreements, we generally provide a deposit to the seller as consideration for the right to purchase land at different times in the future, usually at predetermined prices. Such deposits are recorded as land purchase and land option deposits under real estate inventories not owned in the accompanying consolidated balance sheets. We analyze each of our land option agreements and other similar contracts under the provisions of ASC 810 Consolidation Creditors of the entities with which we have land option agreements have no recourse against us. The maximum exposure to loss under our land option agreements is limited to non-refundable option deposits and any capitalized pre-acquisition costs. In some cases, we have also contracted to complete development work at a fixed cost on behalf of the land owner and budget shortfalls and savings will be borne by us. The following provides a summary of our interests in land option agreements (in thousands): June 30, 2015 December 31, 2014 Remaining Consolidated Remaining Consolidated Purchase Inventory Purchase Inventory Deposits Price Held by VIEs Deposits Price Held by VIEs Consolidated VIEs $ 7,359 $ 36,038 $ 36,564 $ 8,071 $ 43,432 $ 34,070 Unconsolidated VIEs 7,760 72,298 N/A 13,309 129,637 N/A Other land option agreements 29,216 283,969 N/A 30,846 284,819 N/A Total $ 44,335 $ 392,305 $ 36,564 $ 52,226 $ 457,888 $ 34,070 Unconsolidated VIEs represent land option agreements that were not consolidated because we were not the primary beneficiary. Other land option agreements were not considered VIEs. In addition to the deposits presented in the table above, our exposure to loss related to our land option contracts consisted of capitalized pre-acquisition costs of $4.9 million and $5.3 million as of June 30, 2015 and December 31, 2014, respectively. These pre-acquisition costs were included in real estate inventories as land under development on our consolidated balance sheets.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	10. Goodwill and Other Intangible Assets In connection with the Merger, $139.3 million of goodwill has been recorded as of June 30, 2015. For further details on the goodwill, see Note 2, Merger with Weyerhaeuser Real Estate Company. We have two intangible assets recorded as of June 30, 2015, including an existing trade name from the acquisition of Maracay in 2006 which has a 20 year useful life and a new trade name, TRI Pointe Homes, resulting from the Merger which has an indefinite useful life. For further details on the TRI Pointe Homes trade name see Note 2, Merger with Weyerhaeuser Real Estate Company. Goodwill and other intangible assets consisted of the following (in thousands): June 30, 2015 December 31, 2014 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Goodwill $ 139,303 $ — $ 139,303 $ 139,304 $ — $ 139,304 Trade names 27,979 (4,986 ) 22,993 27,979 (4,720 ) 23,259 Total $ 167,282 $ (4,986 ) $ 162,296 $ 167,283 $ (4,720 ) $ 162,563 The remaining useful life of our amortizing intangible asset related to the Maracay trade name was 10.7 and 11.2 years as of June 30, 2015 and December 31, 2014, respectively. Amortization expense related to this intangible asset was $133,000 for each of the three month periods ended June 30, 2015 and 2014, respectively and was $266,000 for each of the six month periods ended June 30, 2015 and 2014, respectively. Amortization of this intangible asset was charged to sales and marketing expense. Our $17.3 million indefinite life intangible asset related to the TRI Pointe Homes trade name is not amortizing. Expected amortization of our intangible asset related to Maracay for the remainder of 2015, the next four years and thereafter is (in thousands): Remainder of 2015 $ 268 2016 534 2017 534 2018 534 2019 534 Thereafter 3,289 Total $ 5,693

Other Assets

Other Assets	6 Months Ended
	Jun. 30, 2015
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Assets	11. Other Assets Other assets consisted of the following (in thousands): June 30, December 31, 2015 2014 Prepaid expenses $ 22,758 $ 29,111 Refundable fees and other deposits 16,557 15,581 Development rights, held for future use or sale 6,447 7,409 Deferred loan costs 24,669 23,686 Operating properties and equipment, net 10,511 11,719 Income tax receivable — 10,713 Other 6,408 7,186 Total $ 87,350 $ 105,405

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	6 Months Ended
	Jun. 30, 2015
Payables And Accruals [Abstract]
Accrued Expenses and Other Liabilities	12. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands): June 30, December 31, 2015 2014 Accrued payroll and related costs $ 16,437 $ 24,717 Warranty reserves (Note 15) 35,375 33,270 Estimated cost for completion of real estate inventories 54,771 54,437 Customer deposits 20,101 14,229 Debt (nonrecourse) held by VIEs (Note 9) 8,337 9,512 Income tax liability to Weyerhaeuser (Note 18) 15,894 15,659 Accrued income taxes payable 3,883 — Liability for uncertain tax positions (Note 17) 16,095 13,797 Accrued interest 2,632 3,059 Accrued insurance expense 4,199 9,180 Other 27,698 32,149 Total $ 205,422 $ 210,009

Senior Notes, Unsecured Revolvi

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans	13. Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans Senior Notes Senior Notes consisted of the following (in thousands): June 30, December 31, 2015 2014 4.375% Senior Notes due June 15, 2019, net of discount $ 445,955 $ 445,501 5.875% Senior Notes due June 15, 2024, net of discount 442,312 442,001 Total $ 888,267 $ 887,502 As discussed in Note 2, Merger with Weyerhaeuser Real Estate Company The 2019 Notes and the 2024 Notes mature on June 15, 2019 and June 15, 2024, respectively. Interest is payable semiannually in arrears on June 15 and December 15. As of June 30, 2015, no principal has been paid on the Senior Notes, and there was $22.1 million of capitalized debt financing costs, included in other assets on our consolidated balance sheet, related to the Senior Notes that will amortize over the lives of the Senior Notes. Accrued interest related to the Senior Notes was $1.9 million as of June 30, 2015. Unsecured Revolving Credit Facility Unsecured revolving credit facility consisted of the following (in thousands): June 30, December 31, 2015 2014 Unsecured revolving credit facility $ 399,392 $ 260,000 In May 2015, the Company amended its unsecured credit revolving credit facility (the “Credit Facility”) from $425 million to $550 million. The Credit Facility matures on July 1, 2018, and contains a sublimit of $75 million for letters of credit. The Company may borrow under the Credit Facility in the ordinary course of business to fund its operations, including its land development and homebuilding activities. Borrowings under the Credit Facility will be governed by, among other things, a borrowing base. Interest rates on borrowings under the Credit Facility will be based on either a daily Eurocurrency base rate or a Eurocurrency rate, in either case, plus a spread ranging from 1.45% to 2.20%, depending on the Company’s leverage ratio. As of June 30, 2015, the outstanding balance under the Credit Facility was $399.4 million with an interest rate of 2.14% per annum and $141.1 million of availability after considering the borrowing base provisions and outstanding letters of credit. As of June 30, 2015 there was $2.6 million of capitalized debt financing costs, included in other assets on our consolidated balance sheet, related to the Credit Facility that will amortize over the life of the Credit Facility, maturing on July 1, 2018. Accrued interest related to the Credit Facility was $685,000 as of June 30, 2015. At June 30, 2015 we had outstanding letters of credit of $9.5 million. These letters of credit were issued to secure various financial obligations. We believe it is not probable that any outstanding letters of credit will be drawn upon. Seller Financed Loans Seller financed loans consisted of the following (in thousands): June 30, December 31, 2015 2014 Seller financed loans $ 12,390 $ 14,677 As of June 30, 2015, the Company had $12.4 million outstanding related to seller financed loans to acquire lots for the construction of homes. Principal and interest payments on these loans are due at various maturity dates, including at the time individual homes associated with the acquired land are delivered. As of June 30, 2015, the seller financed loans accrue interest at a weighted average rate of 6.97% per annum, with interest calculated on a daily basis. Any remaining unpaid balance on these loans is due in May 2016. Accrued interest on these loans were $25,000 as of June 30, 2015. Interest Incurred During the three month periods ended June 30, 2015 and 2014, the Company incurred interest of $15.1 million and $6.6 million, respectively, related to all notes payable, Senior Notes and debt payable to Weyerhaeuser outstanding during the period. Of the interest incurred, $15.1 million and $4.3 million was capitalized to inventory for the six-month period ended June 30, 2015 and 2014, respectively. Included in interest incurred was amortization of deferred financing and Senior Note discount costs of $1.3 million for the three month period ended June 30, 2015 with no deferred financing cost in the same prior year period. During the six month periods ended June 30, 2015 and 2014, the Company incurred interest of $30.3 million and $10.6 million, respectively, related to all notes payable, Senior Notes and debt payable to Weyerhaeuser outstanding during the period. Of the interest incurred, $30.3 million and $8.1 million was capitalized to inventory for the period ended June 30, 2015 and 2014, respectively. Included in interest incurred was amortization of deferred financing and Senior Note discount costs of $2.5 million for the six month period ended June 30, 2015 with no deferred financing cost in the same prior year period. Accrued interest related to all outstanding debt at June 30, 2015 and December 31, 2014 was $2.6 million and $3.1 million, respectively. Covenant Requirements The Senior Notes contain covenants that restrict our ability to, among other things, create liens or other encumbrances, enter into sale and leaseback transactions, or merge or sell all or substantially all of our assets. These limitations are subject to a number of qualifications and exceptions. Under the Credit 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. The Company was in compliance with all applicable financial covenants as of June 30, 2015 and December 31, 2014.

Fair Value Disclosures

Fair Value Disclosures	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures	14. Fair Value Disclosures Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures · 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 Fair Value of Financial Instruments A summary of assets and liabilities at June 30, 2015 and December 31, 2014, related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): June 30, 2015 December 31, 2014 Hierarchy Book Value Fair Value Book Value Fair Value Receivables (1) Level 3 $ 34,189 $ 34,189 $ 20,118 $ 20,118 Senior Notes (2) Level 2 888,267 879,750 887,502 896,625 Unsecured revolving credit facility (3) Level 3 399,392 399,392 260,000 260,000 Seller financed loans (4) Level 3 12,390 12,390 14,677 14,677 At June 30, 2015 and December 31, 2014, the carrying value of cash and cash equivalents approximated fair value. (1) The estimated fair value of our receivables was based on the discounted value of the expected future cash flows using current rates for similar receivables. The book value of our receivables equaled the fair value as of June 30, 2015 and December 31, 2014 due to the short-term nature of the remaining receivables. (2) The estimated fair value of our Senior Notes at June 30, 2015 and December 31, 2014 is based on quoted market prices. (3) We believe that the carrying value of our Credit Facility approximates fair value based on the short term nature of the current market rate amended on May 18, 2015. (4) We believe that the carrying value of our Seller financed loans approximates fair value based on a two year treasury curve analysis. Fair Value of Nonfinancial Assets Nonfinancial assets include items such as real estate inventories and long-lived assets that are measured at fair value on a nonrecurring basis when events and circumstances indicate the carrying value is not recoverable. The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands): Six Months Ended Year Ended June 30, 2015 December 31, 2014 Fair Value Fair Value Impairment Net of Impairment Net of Hierarchy Charge Impairment Charge Impairment Real estate inventories Level 3 $ 1,044 $ 15,348 $ 931 $ 20,329

Commitments and Contingencies

Commitments and Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Legal Matters Lawsuits, claims and proceedings have been and 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. Accordingly, it is possible that the ultimate outcome of any matter, if in excess of a related accrual or if no accrual was made, could be material to our financial statements. Warranty Warranty reserves are accrued as home deliveries occur. Our warranty reserves on homes delivered will vary based on product type and geographic area and also depending on state and local laws. The warranty reserve is included in accrued expenses and other liabilities on our consolidated balance sheets and represents expected future costs based on our historical experience over previous years. Estimated warranty costs are charged to cost of home sales in the period in which the related home sales revenue is recognized. We maintain general liability insurance designed to protect us against a portion of our risk of loss from construction-related claims. We also generally require our subcontractors and design professionals to indemnify us for liabilities arising from their work, subject to various limitations. However, such indemnity is significantly limited with respect to certain subcontractors that are added to our general liability insurance policy. Included in our warranty reserve accrual are allowances to cover our estimated costs of self-insured retentions and deductible amounts under these policies and estimated costs for claims that may not be covered by applicable insurance or indemnities. Estimation of these accruals include consideration of our claims history, including current claims and estimates of claims incurred but not yet reported. In addition, we record expected recoveries from insurance carriers when proceeds are probable and estimable. Outstanding warranty insurance receivables were $10.5 million and $10.0 million as of June 30, 2015 and December 31, 2014, respectively. Warranty insurance receivables are recorded in receivables on the accompanying consolidated balance sheet. There can be no assurance 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, 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 subcontractors. Warranty reserves consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Warranty reserves, beginning of period $ 33,965 $ 24,378 $ 33,270 $ 24,450 Warranty reserves accrued 3,354 2,153 6,226 3,764 Adjustments to pre-existing reserves 999 232 1,300 1,018 Warranty expenditures (2,943 ) (2,439 ) (5,421 ) (4,908 ) Warranty reserves, end of period $ 35,375 $ 24,324 $ 35,375 $ 24,324 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, 2015 and December 31, 2014, the Company had outstanding surety bonds totaling $407.9 million and $355.2 million, respectively. The beneficiaries of the bonds are various municipalities.

Stock-Based Compensation

Stock-Based Compensation	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	16. Stock-Based Compensation 2013 Long-Term Incentive Plan The Company’s stock compensation plan, the 2013 Long-Term Incentive Plan (the “2013 Incentive Plan”), was adopted by TRI Pointe 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 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 the 2013 Incentive Plan. As of June 30, 2015 there were 9,525,870 shares available for future grant under the 2013 Incentive Plan. Converted Awards Under the Transaction Agreement, each outstanding Weyerhaeuser equity award held by an employee of WRECO was converted into a similar equity award with TRI Pointe, based on the final exchange ratio of 2.1107 (the “Exchange Ratio”), rounded down to the nearest whole number of shares of common stock. The Company filed a registration statement on Form S-8 (Registration No. 333-197461) on July 16, 2014 to register 4,105,953 shares related to these equity awards. The converted awards have the same terms and conditions as the Weyerhaeuser equity awards except that all performance share units were surrendered in exchange for time-vesting restricted stock units without any performance-based vesting conditions or requirements and the exercise price of each converted stock option is equal to the original exercise price divided by the Exchange Ratio. There will be no future grants under the WRECO equity incentive plans. Refer to Note 2, Merger with Weyerhaeuser Real Estate Company The following table presents compensation expense recognized related to all stock-based awards (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total stock-based compensation $ 3,161 $ 1,410 $ 5,542 $ 2,703 As of June 30, 2015, total unrecognized stock-based compensation related to all stock-based awards was $22.4 million and the weighted average term over which the expense was expected to be recognized was 1.94 years. Summary of Stock Option Activity The following table presents a summary of stock option awards for the six months ended June 30, 2015: Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Price Contractual Value Options Per Share Life (in thousands) Options outstanding at December 31, 2014 3,467,086 $ 13.05 6.0 $ 7,642 Granted — — — — Exercised (91,880 ) 10.63 Forfeited (11,303 ) 8.39 Options outstanding at June 30, 2015 3,363,903 13.12 5.6 7,349 Options exercisable at June 30, 2015 2,872,860 12.41 4.9 8,309 Summary of Restricted Stock Unit Activity The following table presents a summary of restricted stock units (“RSUs”) for the six months ended June 30, 2015: Weighted Average Aggregate Restricted Grant Date Intrinsic Stock Fair Value Value Units Per Share (in thousands) Nonvested RSUs at December 31, 2014 900,547 $ 15.62 $ 13,461 Granted 1,511,491 11.46 17,315 Vested (453,685 ) 13.85 Forfeited (10,193 ) 13.58 Nonvested RSUs at June 30, 2015 1,948,160 12.20 29,807 On March 5, 2015, the Company granted an aggregate of 440,800 restricted stock units to employees and officers. The restricted stock units granted vest annually on the anniversary of the grant date over a three year period. The fair value of each restricted stock award granted on March 5, 2015 was measured using a price of $14.97 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 March 9, 2015, the Company granted 411,804, 384,351, and 274,536 performance-based RSUs to the Company’s Chief Executive Officer, President, and Chief Financial Officer, respectively, with 1/3 of the performance-based RSU amounts being allocated to each of the three following separate performance goals: total shareholder return (compared to a group of similarly sized homebuilders); earnings per share; and stock price. The performance-based restricted stock units granted will vest in each case, if at all, based on the percentage of attainment of the applicable performance goal. The performance periods for the performance-based RSUs with vesting based on total shareholder return and earnings per share are January 1, 2015 to December 31, 2017. The performance period for the performance-based RSUs with vesting based on stock price is January 1, 2016 to December 31, 2017. The fair value of the performance-based RSUs related to the total shareholder return and stock price performance goals was determined to be $7.55 and $7.90 per share, respectively, based on a Monte Carlo simulation. The fair value of the performance-based RSUs related to the earnings per share goal was measured using a price of $14.57 per share, which was the closing stock price on the date of grant. Each grant will be expensed on a straight-line basis over the expected vesting period. As restricted stock units vest, a portion of the shares awarded is generally withheld to cover employee taxes. As a result, the number of restricted stock units vested and the number of shares of TRI Pointe common stock issued will differ.

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Tax Disclosure [Abstract]
Income Taxes	17. Income Taxes The Company accounts for income taxes in accordance with ASC Topic 740, Income Taxes We had net deferred tax assets of $148.4 million and $157.8 million as of June 30, 2015 and December 31, 2014, respectively. We had a valuation allowance related to those net deferred tax assets of $4.6 million and $6.2 million as of June 30, 2015 and December 31, 2014, respectively. 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 provision for income taxes totaled $30.2 million and $5.8 million for the three months ended June 30, 2015 and 2014, respectively. Our provision for income taxes totaled $38.1 million and $10.3 million for the six months ended June 30, 2015 and 2014, respectively. The Company classifies any interest and penalties related to income taxes assessed by jurisdiction as part of income tax expense. The Company had $16.1 million and $13.8 million of liabilities for uncertain tax positions recorded as of June 30, 2015 and December 31, 2014, respectively. The Company has not been assessed interest or penalties by any major tax jurisdictions related to prior years.

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	18. Related Party Transactions Prior to the Merger, WRECO was a wholly owned subsidiary of Weyerhaeuser. Weyerhaeuser provided certain services including payroll processing and related employee benefits, other corporate services such as corporate governance, cash management and other treasury services, administrative services such as government relations, tax, internal audit, legal, accounting, human resources and equity-based compensation plan administration, lease of office space, aviation services and insurance coverage. WRECO was allocated a portion of Weyerhaeuser corporate general and administrative costs on either a proportional cost or usage basis. Weyerhaeuser-allocated corporate general and administrative expenses were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weyerhaeuser-allocated costs $ — $ 5,188 $ — $ 10,735 These expenses are not indicative of the actual level of expense WRECO would have incurred if it had operated as an independent company or of expenses expected to be incurred in the future after the Closing Date. TRI Pointe has certain liabilities with Weyerhaeuser related to a tax sharing agreement. As of June 30, 2015 and December 31, 2014, we had an income tax liability to Weyerhaeuser of $15.9 million and $15.7 million, respectively, which is recorded in accrued expenses and other liabilities on the accompanying balance sheet. In January of 2015, TRI Pointe acquired 46 lots located in Castle Rock, Colorado, for a purchase price of approximately $2.8 million from an entity managed by an affiliate of the Starwood Capital Group. This acquisition was approved by TRI Pointe independent directors.

Supplemental Disclosure to Cons

Supplemental Disclosure to Consolidated Statements of Cash Flow	6 Months Ended
	Jun. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statements of Cash Flow	19. Supplemental Disclosure to Consolidated Statements of Cash Flow The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Six Months Ended June 30, 2015 2014 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest, net of amounts capitalized $ — $ 97 Income taxes $ 11,354 $ 14,962 Supplemental disclosures of noncash activities: Amortization of senior note discount $ 765 $ — Effect of net consolidation and de-consolidation of variable interest entities: Increase in consolidated real estate inventory not owned $ 3,629 $ 28,208 Increase in accrued expenses and other liabilities $ 300 $ — Increase in noncontrolling interests $ (3,929 ) $ (28,208 )

Supplemental Guarantor Informat

Supplemental Guarantor Information	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	20. Supplemental Guarantor Information On the Closing Date, the Company assumed WRECO’s obligations as issuer of the Senior Notes. Additionally, all of TRI Pointe’s wholly owned subsidiaries that are guarantors of the Company’s unsecured $550 million revolving credit facility, including WRECO and certain of its wholly owned subsidiaries, entered into supplemental indentures pursuant to which they jointly and severally guaranteed TRI Pointe’s obligations with respect to the Senior Notes. Presented below are the condensed consolidating balance sheets at June 30, 2015 and December 31, 2014, condensed consolidating statements of operations for the three and six months ended June 30, 2015 and cash flows for the six month period ended June 30, 2015. TRI Pointe’s non-guarantor subsidiaries represent less than 3% on an individual and aggregate basis of consolidated total assets, total revenues, income from operations before taxes and cash flow from operating activities. Therefore, the non-guarantor subsidiaries’ information is not separately presented in the tables below. As discussed in Note 1, the Merger was treated as a “reverse acquisition” with WRECO being considered the accounting acquirer. Accordingly, the financial statements reflect the historical results of WRECO for all periods and do not include the historical financial information of TRI Pointe prior to the Closing Date. Subsequent to the Closing Date, the consolidated financial statements reflect the results of the combined company. As a result, we have not included condensed consolidating statements of operations for the three or six months ended June 30, 2014 or cash flows for the six months ended June 30, 2014 because those results are of WRECO and are already included on the face of the consolidated financial statements. In addition, there is no financial information for TRI Pointe, issuer of the Senior Notes, in the periods prior to the Closing Date. Condensed Consolidating Balance Sheet (in thousands): June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Assets Cash and cash equivalents $ 67,329 $ 54,578 $ — $ 121,907 Receivables 12,721 21,468 — 34,189 Intercompany receivables 851,310 — (851,310 ) — Real estate inventories 696,810 1,838,943 — 2,535,753 Investments in unconsolidated entities — 17,325 17,325 Goodwill and other intangible assets, net 162,296 — — 162,296 Investments in subsidiaries 1,007,550 — (1,007,550 ) — Deferred tax assets 23,630 124,737 — 148,367 Other assets 38,948 48,402 — 87,350 Total Assets $ 2,860,594 $ 2,105,453 $ (1,858,860 ) $ 3,107,187 Liabilities Accounts payable $ 4,449 $ 46,560 $ — $ 51,009 Intercompany payables — 851,310 (851,310 ) — Accrued expenses and other liabilities 27,725 177,697 — 205,422 Unsecured revolving credit facility 399,392 — — 399,392 Seller financed loans 11,990 400 — 12,390 Senior notes 888,267 — — 888,267 Total Liabilities 1,331,823 1,075,967 (851,310 ) 1,556,480 Equity Total stockholders' equity 1,528,771 1,007,550 (1,007,550 ) 1,528,771 Noncontrolling interests — 21,936 — 21,936 Total Equity 1,528,771 1,029,486 (1,007,550 ) 1,550,707 Total Liabilities and Equity $ 2,860,594 $ 2,105,453 $ (1,858,860 ) $ 3,107,187 20. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): December 31, 2014 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) Assets Cash and cash equivalents $ 105,888 $ 64,741 $ — $ 170,629 Receivables 5,050 15,068 — 20,118 Intercompany receivables 797,480 — (797,480 ) — Real estate inventories 613,665 1,666,518 — 2,280,183 Investments in unconsolidated entities — 16,805 — 16,805 Goodwill and other intangible assets, net 156,603 5,960 — 162,563 Investments in subsidiaries 941,397 — (941,397 ) — Deferred tax assets 23,630 134,191 — 157,821 Other assets 55,199 50,206 — 105,405 Total Assets $ 2,698,912 $ 1,953,489 $ (1,738,877 ) $ 2,913,524 Liabilities Accounts payable $ 25,800 $ 43,060 $ — $ 68,860 Intercompany payables — 797,480 (797,480 ) — Accrued expenses and other liabilities 57,353 152,656 — 210,009 Unsecured revolving credit facility 260,000 — — 260,000 Seller financed loans 14,077 600 — 14,677 Senior notes 887,502 — — 887,502 Total Liabilities 1,244,732 993,796 (797,480 ) 1,441,048 Equity Total stockholders' equity 1,454,180 941,397 (941,397 ) 1,454,180 Noncontrolling interests — 18,296 — 18,296 Total Equity 1,454,180 959,693 (941,397 ) 1,472,476 Total Liabilities and Equity $ 2,698,912 $ 1,953,489 $ (1,738,877 ) $ 2,913,524 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands - unaudited): Three Months Ended June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. Revenues: Home sales $ 130,552 $ 296,686 $ — $ 427,238 Land and lot sales — 67,490 — 67,490 Other operations — 789 — 789 Total revenues 130,552 364,965 — 495,517 Expenses: Cost of home sales 106,365 235,377 — 341,742 Cost of land and lot sales — 11,564 — 11,564 Other operations — 592 — 592 Sales and marketing 5,447 20,187 — 25,634 General and administrative 13,260 15,039 — 28,299 Restructuring charges (86 ) 584 — 498 Total expenses 124,986 283,343 — 408,329 Income from operations 5,566 81,622 — 87,188 Equity in loss of unconsolidated entities — (155 ) — (155 ) Other income, net (151 ) 120 — (31 ) Income before taxes 5,415 81,587 — 87,002 Provision for income taxes (2,388 ) (27,852 ) — (30,240 ) Equity of net income of subsidiaries 51,903 — (51,903 ) — Net income 54,930 53,735 (51,903 ) 56,762 Less: net income attributable to noncontrolling interests — (1,832 ) — (1,832 ) Net income available to common stockholders $ 54,930 $ 51,903 $ (51,903 ) $ 54,930 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands - unaudited): Six Months Ended June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. Revenues: Home sales $ 237,410 $ 564,093 $ — $ 801,503 Land and lot sales — 69,490 — 69,490 Other operations — 1,782 — 1,782 Total revenues 237,410 635,365 — 872,775 Expenses: Cost of home sales 193,346 448,302 — 641,648 Cost of land and lot sales — 13,873 — 13,873 Other operations — 1,154 — 1,154 Sales and marketing 10,428 38,492 — 48,920 General and administrative 25,932 30,546 — 56,478 Restructuring charges (86 ) 806 — 720 Total expenses 229,620 533,173 — 762,793 Income from operations 7,790 102,192 — 109,982 Equity in loss of unconsolidated entities — (81 ) — (81 ) Other income, net (112 ) 337 — 225 Income before taxes 7,678 102,448 — 110,126 Provision for income taxes (3,215 ) (34,852 ) — (38,067 ) Equity of net income of subsidiaries 65,764 — (65,764 ) — Net income 70,227 67,596 (65,764 ) 72,059 Less: net income attributable to noncontrolling interests — (1,832 ) — (1,832 ) Net income available to common stockholders $ 70,227 $ 65,764 $ (65,764 ) $ 70,227 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands - unaudited): Six Months Ended June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. Cash flows from operating activities Net cash used in operating activities $ (113,102 ) $ (63,993 ) $ — $ (177,095 ) Cash flows from investing activities: Purchases of property and equipment (427 ) (186 ) — (613 ) Investments in unconsolidated entities — (1,257 ) — (1,257 ) Intercompany (58,117 ) — 58,117 — Net cash used in investing activities (58,544 ) (1,443 ) 58,117 (1,870 ) Cash flows from financing activities: Borrowings from debt 140,000 — — 140,000 Repayment of debt (2,695 ) (200 ) — (2,895 ) Debt issuance costs (2,688 ) — — (2,688 ) Net repayments of debt held by variable interest entities — (875 ) — (875 ) Contributions from noncontrolling interests — 2,034 — 2,034 Distributions to noncontrolling interests — (4,155 ) — (4,155 ) Proceeds from issuance of common stock under share-based awards 660 — — 660 Excess tax benefits of share-based awards — 352 — 352 Minimum tax withholding paid on behalf of employees for restricted stock units (2,190 ) — — (2,190 ) Intercompany — 58,117 (58,117 ) — Net cash provided by financing activities 133,087 55,273 (58,117 ) 130,243 Net decrease in cash and cash equivalents (38,559 ) (10,163 ) — (48,722 ) Cash and cash equivalents - beginning of period 105,888 64,741 — 170,629 Cash and cash equivalents - end of period $ 67,329 $ 54,578 $ — $ 121,907

Organization, Basis of Presen27

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Accounting Policies [Abstract]
Organization and Basis of Presentation	Organization The Company is engaged in the design, construction and sale of innovative single-family homes through its portfolio of six quality brands across eight states, including Maracay Homes in Arizona, Pardee Homes in California and Nevada, Quadrant Homes in Washington, Trendmaker Homes in Texas, TRI Pointe Homes in California and Colorado and Winchester Homes in Maryland and Virginia. On July 7, 2015, TRI Pointe Homes, Inc., a Delaware corporation, (“TRI Pointe Homes”) reorganized its corporate structure (the “Reorganization”) whereby TRI Pointe Homes became a direct, wholly owned subsidiary of TRI Pointe Group, Inc., a Delaware corporation (“TRI Pointe Group”). See “Note Regarding This Quarterly Report” for information concerning the reorganization effected on July 7, 2015. 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”). The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries as described in “Reverse Acquisition” below, as well as other entities in which the Company has a controlling interest and variable interest entities (“VIE”) in which the Company is the primary beneficiary. The noncontrolling interests as of June 30, 2015 and December 31, 2014 represent the outside owners’ interests in the Company’s consolidated entities and the net equity of the VIE owners. 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. In the opinion of management, all adjustments, consisting of normal recurring adjustments, necessary for a fair presentation with respect to interim financial statements, have been included. The Company has historically experienced, and expects to continue to experience, variability in quarterly results. The results of operations for the three or six months ended June 30, 2015 are not necessarily indicative of the results to be expected for the full year. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with GAAP for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by GAAP for complete financial statements. These financial statements should be read in conjunction with our consolidated financial statements and footnotes thereto included in our Annual Report on Form 10-K for the year ended December 31, 2014. Because the accompanying notes to consolidated financial statements are condensed, they should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10‑K for the year ended December 31, 2014.
Reverse Acquisition	Reverse Acquisition 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 (“Weyerhaeuser”), WRECO and Merger Sub. The Merger is accounted for in accordance with ASC Topic 805, Business Combinations See Note 2, Merger with Weyerhaeuser Real Estate Company,
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 and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.
Recently Issued Accounting Standards	Recently Issued Accounting Standards In April 2014, the FASB issued amendments to Accounting Standards Update 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity. We adopted ASU 2014-08 on January 1, 2015 and the adoption had no impact on our current or prior year financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09, Revenue from Contracts with Customers Revenue Recognition In August 2014, the FASB issued Accounting Standards Update No. 2014-15 (“ASU 2014-15”), Presentation of Financial Statements — Going Concern (Subtopic 205-40): Disclosure of Uncertainties about an Entity’s Ability to Continue as a Going Concern In February 2015, the FASB issued Accounting Standards Update No. 2015-02, (“ASU 2015-02”), Consolidation (Topic 810): Amendments to the Consolidation Analysis. In April 2015, the FASB issued Accounting Standards Update No. 2015-03, (“ASU 2015-03”), Interest - Imputation of Interest (Subtopic 835-30).
Reclassifications	Reclassifications Certain amounts in our consolidated financial statements for prior years have been reclassified to conform to the current period presentation.
Segment Reporting	In accordance with ASC Topic 280, Segment Reporting
Fair Value Measurements	Fair Value Measurements ASC Topic 820, Fair Value Measurements and Disclosures · 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

Merger with Weyerhaeuser Real28

Merger with Weyerhaeuser Real Estate Company (Tables)	6 Months Ended
	Jun. 30, 2015
Business Combinations [Abstract]
Summary of Calculation of Fair Value of Total Consideration Transferred and Provisional Amounts Recognized	The following table summarizes the calculation of the fair value of the total consideration transferred and the provisional amounts recognized as of the Closing Date (in thousands, except shares and closing stock price): Calculation of consideration transferred TRI Pointe shares outstanding 31,632,533 TRI Pointe closing stock price on July 7, 2014 $ 15.85 Consideration attributable to common stock $ 501,376 Consideration attributable to TRI Pointe share-based 1,072 Total consideration transferred $ 502,448 Assets acquired and liabilities assumed Cash and cash equivalents $ 53,800 Accounts receivable 654 Real estate inventories 539,677 Intangible asset 17,300 Goodwill 139,304 Other assets 28,060 Total assets acquired 778,795 Accounts payable 26,105 Accrued expenses and other liabilities 23,114 Notes payable and other borrowings 227,128 Total liabilities assumed 276,347 Total net assets acquired $ 502,448
Summary of Pro Forma Operating Results	The following represents unaudited pro forma operating results as if the acquisition had been completed as of January 1, 2014 (in thousands, except per share amounts): Three Months Ended June 30, 2014 Six Months Ended June 30, 2014 Total revenues $ 429,899 $ 750,843 Net income $ 32,200 $ 44,514 Earnings per share – basic $ 0.20 $ 0.28 Earnings per share – diluted $ 0.20 $ 0.27

Restructuring (Tables)

Restructuring (Tables)	6 Months Ended
	Jun. 30, 2015
Restructuring Cost And Reserve [Line Items]
Schedule of Restructuring Costs	Restructuring costs were comprised of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Employee-related costs $ 23 $ 60 $ 135 $ 1,307 Lease termination costs 475 460 585 871 Total $ 498 $ 520 $ 720 $ 2,178
Employee-Related Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Schedule of Changes in Restructuring Reserves	Changes in employee-related restructuring reserves were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Accrued employee-related costs, beginning of period $ 533 $ — $ 3,844 $ 4,336 Current year charges 23 60 135 1,307 Payments (447 ) (60 ) (3,870 ) (5,643 ) Accrued employee-related costs, end of period $ 109 $ — $ 109 $ —
Lease Termination Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Schedule of Changes in Restructuring Reserves	Changes in lease termination related restructuring reserves were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Accrued lease termination costs, beginning of period $ 926 $ 2,758 $ 1,394 $ 3,506 Current year charges 475 460 585 871 Payments (757 ) (764 ) (1,335 ) (1,923 ) Accrued lease termination costs, end of period $ 644 $ 2,454 $ 644 $ 2,454

Segment Information (Tables)

Segment Information (Tables)	6 Months Ended
	Jun. 30, 2015
Segment Reporting [Abstract]
Summary of Financial Information Relating to Reportable Segments	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. Total revenues and income before taxes for each of our reportable segments were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total revenues Maracay $ 33,574 $ 35,045 $ 66,051 $ 70,275 Pardee 166,064 145,247 251,723 217,709 Quadrant 38,896 31,785 84,525 64,039 Trendmaker 65,982 67,756 122,191 129,156 TRI Pointe 130,735 — 237,592 — Winchester 60,266 62,730 110,693 109,516 Total $ 495,517 $ 342,563 $ 872,775 $ 590,695 Income (loss) before taxes Maracay $ 1,068 $ 2,387 $ 2,108 $ 6,010 Pardee 67,734 18,656 81,292 25,793 Quadrant 766 5,459 2,347 6,240 Trendmaker 6,040 7,825 10,400 14,202 TRI Pointe 14,564 — 25,695 — Winchester 5,957 6,868 6,338 11,037 Corporate (9,127 ) (11,168 ) (18,054 ) (21,145 ) Total $ 87,002 $ 30,027 $ 110,126 $ 42,137 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): June 30, December 31, 2015 2014 Real estate inventories Maracay $ 189,036 $ 153,577 Pardee 999,972 924,362 Quadrant 170,506 153,493 Trendmaker 196,015 176,696 TRI Pointe 696,811 613,666 Winchester 283,413 258,389 Total $ 2,535,753 $ 2,280,183 Total assets Maracay $ 201,628 $ 170,932 Pardee 1,067,332 1,000,489 Quadrant 181,502 167,796 Trendmaker 218,531 195,829 TRI Pointe 867,043 781,301 Winchester 311,004 281,547 Corporate 260,147 315,630 Total $ 3,107,187 $ 2,913,524

Earnings Per Share (Tables)

Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2015
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 (in thousands, except share and per share amounts): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Numerator: Net income available to common stockholders $ 54,930 $ 24,225 $ 70,227 $ 31,806 Denominator: Basic weighted-average shares outstanding 161,686,570 129,700,000 161,589,310 129,700,000 Effect of dilutive shares: Stock options and unvested restricted stock units 621,529 — 675,845 — Diluted weighted-average shares outstanding 162,308,099 129,700,000 162,265,155 129,700,000 Earnings per share Basic $ 0.34 $ 0.19 $ 0.43 $ 0.25 Diluted $ 0.34 $ 0.19 $ 0.43 $ 0.25 Antidilutive unvested restricted stock units and stock options not included in diluted earnings per share 2,343,905 — 2,563,137 —

Receivables (Tables)

Receivables (Tables)	6 Months Ended
	Jun. 30, 2015
Receivables [Abstract]
Components of Receivables	Receivables consisted of the following (in thousands): June 30, December 31, 2015 2014 Escrow proceeds and other accounts receivable, net $ 23,363 $ 9,771 Warranty insurance receivable (Note 15) 10,526 10,047 Notes and contracts receivable 300 300 Total receivables $ 34,189 $ 20,118

Real Estate Inventories (Tables

Real Estate Inventories (Tables)	6 Months Ended
	Jun. 30, 2015
Inventory Disclosure [Abstract]
Summary of Real Estate Inventories	Real estate inventories consisted of the following (in thousands): June 30, December 31, 2015 2014 Real estate inventories owned: Homes completed or under construction $ 726,553 $ 461,712 Land under development 1,349,956 1,391,303 Land held for future development 256,865 245,673 Model homes 128,839 103,270 Total real estate inventories owned 2,462,213 2,201,958 Real estate inventories not owned: Land purchase and land option deposits 36,976 44,155 Consolidated inventory held by VIEs 36,564 34,070 Total real estate inventories not owned 73,540 78,225 Total real estate inventories $ 2,535,753 $ 2,280,183
Summary of Interest Incurred, Capitalized and Expensed	Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Interest incurred $ 15,149 $ 6,551 $ 30,325 $ 10,589 Interest capitalized (15,149 ) (4,339 ) (30,325 ) (8,148 ) Interest expensed $ — $ 2,212 $ — $ 2,441 Capitalized interest in beginning inventory $ 132,872 $ 137,979 $ 124,461 $ 138,233 Interest capitalized as a cost of inventory 15,149 4,339 30,325 8,148 Interest previously capitalized as a cost of inventory, included in cost of sales (7,915 ) (28,553 ) (14,680 ) (32,616 ) Capitalized interest in ending inventory $ 140,106 $ 113,765 $ 140,106 $ 113,765
Schedule of Real Estate Inventory Impairments and Land Option Abandonments	Real estate inventory impairments and land option abandonments consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Real estate inventory impairments $ 878 $ 42 $ 1,044 $ 52 Land and lot option abandonments and pre- acquisition costs 300 62 494 520 Total $ 1,178 $ 104 $ 1,538 $ 572

Investments in Unconsolidated34

Investments in Unconsolidated Entities (Tables)	6 Months Ended
	Jun. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Schedule of Cumulative Investment in Entities on Equity Method, Including Share of Earnings and Losses	Our cumulative investment in entities accounted for on the equity method, including our share of earnings and losses, consisted of the following (in thousands): June 30, December 31, 2015 2014 Limited partnership and limited liability company interests $ 13,961 $ 13,710 General partnership interests 3,364 3,095 Total $ 17,325 $ 16,805
Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments	Aggregated assets, liabilities and operating results of the entities we account for as equity-method investments are provided below. Because our ownership interest in these entities varies, a direct relationship does not exist between the information presented below and the amounts that are reflected on our consolidated balance sheets as our investment in unconsolidated entities or on our consolidated statement of operations as equity in loss of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands): June 30, December 31, 2015 2014 Assets Cash $ 14,374 $ 17,154 Receivables 9,550 9,550 Real estate inventories 89,801 95,500 Other assets 814 620 Total assets $ 114,539 $ 122,824 Liabilities and equity Accounts payable and other liabilities $ 11,706 $ 10,914 Company's equity 17,325 16,805 Outside interests' equity 85,508 95,105 Total liabilities and equity $ 114,539 $ 122,824 Results of operations from unconsolidated entities (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Net sales $ 1,377 $ 336 $ 1,453 $ 407 Other operating expense (1,805 ) $ (1,146 ) (2,541 ) (2,157 ) Other income 5 $ 12 7 14 Net loss $ (423 ) $ (798 ) $ (1,081 ) $ (1,736 ) Company's equity in loss of unconsolidated entities $ (155 ) $ (69 ) $ (81 ) $ (137 )

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2015
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Summary of Interests in Land Option Agreements	The following provides a summary of our interests in land option agreements (in thousands): June 30, 2015 December 31, 2014 Remaining Consolidated Remaining Consolidated Purchase Inventory Purchase Inventory Deposits Price Held by VIEs Deposits Price Held by VIEs Consolidated VIEs $ 7,359 $ 36,038 $ 36,564 $ 8,071 $ 43,432 $ 34,070 Unconsolidated VIEs 7,760 72,298 N/A 13,309 129,637 N/A Other land option agreements 29,216 283,969 N/A 30,846 284,819 N/A Total $ 44,335 $ 392,305 $ 36,564 $ 52,226 $ 457,888 $ 34,070

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangible Assets	Goodwill and other intangible assets consisted of the following (in thousands): June 30, 2015 December 31, 2014 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Goodwill $ 139,303 $ — $ 139,303 $ 139,304 $ — $ 139,304 Trade names 27,979 (4,986 ) 22,993 27,979 (4,720 ) 23,259 Total $ 167,282 $ (4,986 ) $ 162,296 $ 167,283 $ (4,720 ) $ 162,563
Schedule of Expected Amortization of Intangible Asset	Expected amortization of our intangible asset related to Maracay for the remainder of 2015, the next four years and thereafter is (in thousands): Remainder of 2015 $ 268 2016 534 2017 534 2018 534 2019 534 Thereafter 3,289 Total $ 5,693

Other Assets (Tables)

Other Assets (Tables)	6 Months Ended
	Jun. 30, 2015
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, 2015 2014 Prepaid expenses $ 22,758 $ 29,111 Refundable fees and other deposits 16,557 15,581 Development rights, held for future use or sale 6,447 7,409 Deferred loan costs 24,669 23,686 Operating properties and equipment, net 10,511 11,719 Income tax receivable — 10,713 Other 6,408 7,186 Total $ 87,350 $ 105,405

Accrued Expenses and Other Li38

Accrued Expenses and Other Liabilities (Tables)	6 Months Ended
	Jun. 30, 2015
Payables And Accruals [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): June 30, December 31, 2015 2014 Accrued payroll and related costs $ 16,437 $ 24,717 Warranty reserves (Note 15) 35,375 33,270 Estimated cost for completion of real estate inventories 54,771 54,437 Customer deposits 20,101 14,229 Debt (nonrecourse) held by VIEs (Note 9) 8,337 9,512 Income tax liability to Weyerhaeuser (Note 18) 15,894 15,659 Accrued income taxes payable 3,883 — Liability for uncertain tax positions (Note 17) 16,095 13,797 Accrued interest 2,632 3,059 Accrued insurance expense 4,199 9,180 Other 27,698 32,149 Total $ 205,422 $ 210,009

Senior Notes, Unsecured Revol39

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans (Tables)	6 Months Ended
	Jun. 30, 2015
Debt Disclosure [Abstract]
Schedule of Senior Notes	Senior Notes consisted of the following (in thousands): June 30, December 31, 2015 2014 4.375% Senior Notes due June 15, 2019, net of discount $ 445,955 $ 445,501 5.875% Senior Notes due June 15, 2024, net of discount 442,312 442,001 Total $ 888,267 $ 887,502
Components of Unsecured Revolving Credit Facility	Unsecured revolving credit facility consisted of the following (in thousands): June 30, December 31, 2015 2014 Unsecured revolving credit facility $ 399,392 $ 260,000
Components of Seller Financed Loans	Seller financed loans consisted of the following (in thousands): June 30, December 31, 2015 2014 Seller financed loans $ 12,390 $ 14,677

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value Disclosures [Abstract]
Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis	A summary of assets and liabilities at June 30, 2015 and December 31, 2014, related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): June 30, 2015 December 31, 2014 Hierarchy Book Value Fair Value Book Value Fair Value Receivables (1) Level 3 $ 34,189 $ 34,189 $ 20,118 $ 20,118 Senior Notes (2) Level 2 888,267 879,750 887,502 896,625 Unsecured revolving credit facility (3) Level 3 399,392 399,392 260,000 260,000 Seller financed loans (4) Level 3 12,390 12,390 14,677 14,677 At June 30, 2015 and December 31, 2014, the carrying value of cash and cash equivalents approximated fair value. (1) The estimated fair value of our receivables was based on the discounted value of the expected future cash flows using current rates for similar receivables. The book value of our receivables equaled the fair value as of June 30, 2015 and December 31, 2014 due to the short-term nature of the remaining receivables. (2) The estimated fair value of our Senior Notes at June 30, 2015 and December 31, 2014 is based on quoted market prices. (3) We believe that the carrying value of our Credit Facility approximates fair value based on the short term nature of the current market rate amended on May 18, 2015. (4) We believe that the carrying value of our Seller financed loans approximates fair value based on a two year treasury curve analysis.
Summary of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis	The following table presents impairment charges and the remaining net fair value for nonfinancial assets that were measured during the periods presented (in thousands): Six Months Ended Year Ended June 30, 2015 December 31, 2014 Fair Value Fair Value Impairment Net of Impairment Net of Hierarchy Charge Impairment Charge Impairment Real estate inventories Level 3 $ 1,044 $ 15,348 $ 931 $ 20,329

Commitments and Contingencies (

Commitments and Contingencies (Tables)	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Schedule of Warranty Reserves	Warranty reserves consisted of the following (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Warranty reserves, beginning of period $ 33,965 $ 24,378 $ 33,270 $ 24,450 Warranty reserves accrued 3,354 2,153 6,226 3,764 Adjustments to pre-existing reserves 999 232 1,300 1,018 Warranty expenditures (2,943 ) (2,439 ) (5,421 ) (4,908 ) Warranty reserves, end of period $ 35,375 $ 24,324 $ 35,375 $ 24,324

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Summary of Compensation Expense Recognized Related to all Stock-Based Awards	The following table presents compensation expense recognized related to all stock-based awards (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Total stock-based compensation $ 3,161 $ 1,410 $ 5,542 $ 2,703
Summary of Stock Option Awards	The following table presents a summary of stock option awards for the six months ended June 30, 2015: Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Price Contractual Value Options Per Share Life (in thousands) Options outstanding at December 31, 2014 3,467,086 $ 13.05 6.0 $ 7,642 Granted — — — — Exercised (91,880 ) 10.63 Forfeited (11,303 ) 8.39 Options outstanding at June 30, 2015 3,363,903 13.12 5.6 7,349 Options exercisable at June 30, 2015 2,872,860 12.41 4.9 8,309
Summary of Restricted Stock Units	The following table presents a summary of restricted stock units (“RSUs”) for the six months ended June 30, 2015: Weighted Average Aggregate Restricted Grant Date Intrinsic Stock Fair Value Value Units Per Share (in thousands) Nonvested RSUs at December 31, 2014 900,547 $ 15.62 $ 13,461 Granted 1,511,491 11.46 17,315 Vested (453,685 ) 13.85 Forfeited (10,193 ) 13.58 Nonvested RSUs at June 30, 2015 1,948,160 12.20 29,807

Related Party Transactions (Tab

Related Party Transactions (Tables)	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Schedule of Allocated Corporate General and Administrative Expenses	Weyerhaeuser-allocated corporate general and administrative expenses were as follows (in thousands): Three Months Ended June 30, Six Months Ended June 30, 2015 2014 2015 2014 Weyerhaeuser-allocated costs $ — $ 5,188 $ — $ 10,735

Supplemental Disclosure to Co44

Supplemental Disclosure to Consolidated Statements of Cash Flow (Tables)	6 Months Ended
	Jun. 30, 2015
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statements of Cash Flows	The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Six Months Ended June 30, 2015 2014 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest, net of amounts capitalized $ — $ 97 Income taxes $ 11,354 $ 14,962 Supplemental disclosures of noncash activities: Amortization of senior note discount $ 765 $ — Effect of net consolidation and de-consolidation of variable interest entities: Increase in consolidated real estate inventory not owned $ 3,629 $ 28,208 Increase in accrued expenses and other liabilities $ 300 $ — Increase in noncontrolling interests $ (3,929 ) $ (28,208 )

Supplemental Guarantor Inform45

Supplemental Guarantor Information (Tables)	6 Months Ended
	Jun. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet (in thousands): June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Assets Cash and cash equivalents $ 67,329 $ 54,578 $ — $ 121,907 Receivables 12,721 21,468 — 34,189 Intercompany receivables 851,310 — (851,310 ) — Real estate inventories 696,810 1,838,943 — 2,535,753 Investments in unconsolidated entities — 17,325 17,325 Goodwill and other intangible assets, net 162,296 — — 162,296 Investments in subsidiaries 1,007,550 — (1,007,550 ) — Deferred tax assets 23,630 124,737 — 148,367 Other assets 38,948 48,402 — 87,350 Total Assets $ 2,860,594 $ 2,105,453 $ (1,858,860 ) $ 3,107,187 Liabilities Accounts payable $ 4,449 $ 46,560 $ — $ 51,009 Intercompany payables — 851,310 (851,310 ) — Accrued expenses and other liabilities 27,725 177,697 — 205,422 Unsecured revolving credit facility 399,392 — — 399,392 Seller financed loans 11,990 400 — 12,390 Senior notes 888,267 — — 888,267 Total Liabilities 1,331,823 1,075,967 (851,310 ) 1,556,480 Equity Total stockholders' equity 1,528,771 1,007,550 (1,007,550 ) 1,528,771 Noncontrolling interests — 21,936 — 21,936 Total Equity 1,528,771 1,029,486 (1,007,550 ) 1,550,707 Total Liabilities and Equity $ 2,860,594 $ 2,105,453 $ (1,858,860 ) $ 3,107,187 20. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): December 31, 2014 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) Assets Cash and cash equivalents $ 105,888 $ 64,741 $ — $ 170,629 Receivables 5,050 15,068 — 20,118 Intercompany receivables 797,480 — (797,480 ) — Real estate inventories 613,665 1,666,518 — 2,280,183 Investments in unconsolidated entities — 16,805 — 16,805 Goodwill and other intangible assets, net 156,603 5,960 — 162,563 Investments in subsidiaries 941,397 — (941,397 ) — Deferred tax assets 23,630 134,191 — 157,821 Other assets 55,199 50,206 — 105,405 Total Assets $ 2,698,912 $ 1,953,489 $ (1,738,877 ) $ 2,913,524 Liabilities Accounts payable $ 25,800 $ 43,060 $ — $ 68,860 Intercompany payables — 797,480 (797,480 ) — Accrued expenses and other liabilities 57,353 152,656 — 210,009 Unsecured revolving credit facility 260,000 — — 260,000 Seller financed loans 14,077 600 — 14,677 Senior notes 887,502 — — 887,502 Total Liabilities 1,244,732 993,796 (797,480 ) 1,441,048 Equity Total stockholders' equity 1,454,180 941,397 (941,397 ) 1,454,180 Noncontrolling interests — 18,296 — 18,296 Total Equity 1,454,180 959,693 (941,397 ) 1,472,476 Total Liabilities and Equity $ 2,698,912 $ 1,953,489 $ (1,738,877 ) $ 2,913,524
Condensed Consolidating Statement of Operations	20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands - unaudited): Three Months Ended June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. Revenues: Home sales $ 130,552 $ 296,686 $ — $ 427,238 Land and lot sales — 67,490 — 67,490 Other operations — 789 — 789 Total revenues 130,552 364,965 — 495,517 Expenses: Cost of home sales 106,365 235,377 — 341,742 Cost of land and lot sales — 11,564 — 11,564 Other operations — 592 — 592 Sales and marketing 5,447 20,187 — 25,634 General and administrative 13,260 15,039 — 28,299 Restructuring charges (86 ) 584 — 498 Total expenses 124,986 283,343 — 408,329 Income from operations 5,566 81,622 — 87,188 Equity in loss of unconsolidated entities — (155 ) — (155 ) Other income, net (151 ) 120 — (31 ) Income before taxes 5,415 81,587 — 87,002 Provision for income taxes (2,388 ) (27,852 ) — (30,240 ) Equity of net income of subsidiaries 51,903 — (51,903 ) — Net income 54,930 53,735 (51,903 ) 56,762 Less: net income attributable to noncontrolling interests — (1,832 ) — (1,832 ) Net income available to common stockholders $ 54,930 $ 51,903 $ (51,903 ) $ 54,930 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands - unaudited): Six Months Ended June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. Revenues: Home sales $ 237,410 $ 564,093 $ — $ 801,503 Land and lot sales — 69,490 — 69,490 Other operations — 1,782 — 1,782 Total revenues 237,410 635,365 — 872,775 Expenses: Cost of home sales 193,346 448,302 — 641,648 Cost of land and lot sales — 13,873 — 13,873 Other operations — 1,154 — 1,154 Sales and marketing 10,428 38,492 — 48,920 General and administrative 25,932 30,546 — 56,478 Restructuring charges (86 ) 806 — 720 Total expenses 229,620 533,173 — 762,793 Income from operations 7,790 102,192 — 109,982 Equity in loss of unconsolidated entities — (81 ) — (81 ) Other income, net (112 ) 337 — 225 Income before taxes 7,678 102,448 — 110,126 Provision for income taxes (3,215 ) (34,852 ) — (38,067 ) Equity of net income of subsidiaries 65,764 — (65,764 ) — Net income 70,227 67,596 (65,764 ) 72,059 Less: net income attributable to noncontrolling interests — (1,832 ) — (1,832 ) Net income available to common stockholders $ 70,227 $ 65,764 $ (65,764 ) $ 70,227
Condensed Consolidating Statement of Cash Flows	20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands - unaudited): Six Months Ended June 30, 2015 Consolidated TRI Pointe Guarantor Consolidating TRI Pointe Homes, Inc. Subsidiaries Adjustments Homes, Inc. Cash flows from operating activities Net cash used in operating activities $ (113,102 ) $ (63,993 ) $ — $ (177,095 ) Cash flows from investing activities: Purchases of property and equipment (427 ) (186 ) — (613 ) Investments in unconsolidated entities — (1,257 ) — (1,257 ) Intercompany (58,117 ) — 58,117 — Net cash used in investing activities (58,544 ) (1,443 ) 58,117 (1,870 ) Cash flows from financing activities: Borrowings from debt 140,000 — — 140,000 Repayment of debt (2,695 ) (200 ) — (2,895 ) Debt issuance costs (2,688 ) — — (2,688 ) Net repayments of debt held by variable interest entities — (875 ) — (875 ) Contributions from noncontrolling interests — 2,034 — 2,034 Distributions to noncontrolling interests — (4,155 ) — (4,155 ) Proceeds from issuance of common stock under share-based awards 660 — — 660 Excess tax benefits of share-based awards — 352 — 352 Minimum tax withholding paid on behalf of employees for restricted stock units (2,190 ) — — (2,190 ) Intercompany — 58,117 (58,117 ) — Net cash provided by financing activities 133,087 55,273 (58,117 ) 130,243 Net decrease in cash and cash equivalents (38,559 ) (10,163 ) — (48,722 ) Cash and cash equivalents - beginning of period 105,888 64,741 — 170,629 Cash and cash equivalents - end of period $ 67,329 $ 54,578 $ — $ 121,907

Organization, Basis of Presen46

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jul. 07, 2014	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, shares issued	161,737,684	161,355,490
Common stock, shares outstanding	161,737,684	161,355,490
Conversion of shares, description	In the Merger, each issued and outstanding WRECO common share was converted into 1.297 shares of TRI Pointe common stock.
Deferred loan cost	$ (24,669)	$ (23,686)
Senior Notes [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	(22,100)
Adjustments for New Accounting Principle Early Adoption [Member] | Other Assets [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	24,700	23,700
Adjustments for New Accounting Principle Early Adoption [Member] | Unsecured revolving credit facility [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	2,600
Adjustments for New Accounting Principle Early Adoption [Member] | Senior Notes [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	$ 22,100	$ 23,700
Scenario Previously Reported [Member] | WRECO [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, shares issued				100,000,000
Common stock, shares outstanding				100,000,000
WRECO Transaction [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, shares issued			129,700,000
Common stock, shares outstanding	31,632,533		129,700,000

Merger with Weyerhaeuser Real47

Merger with Weyerhaeuser Real Estate Company - Additional Information (Detail) $ in Thousands	Jul. 07, 2014USD ($)shares	Jun. 13, 2014USD ($)Deposit	Jun. 30, 2015USD ($)shares	Jun. 30, 2014USD ($)	Dec. 31, 2014shares
Business Acquisition [Line Items]
Common stock, shares issued | shares			161,737,684		161,355,490
Proceeds from issuance of senior notes		$ 861,300	$ 0	$ 886,698
Number of escrow accounts | Deposit		2
Trade names [Member]
Business Acquisition [Line Items]
Acquisition related to trade names			17,300
4.375% Senior notes due 2019 [Member]
Business Acquisition [Line Items]
Aggregate principal amount			$ 450,000
Interest rate on senior note			4.375%		4.375%
Debt instrument, maturity year			2,019
5.875% Senior notes due 2024 [Member]
Business Acquisition [Line Items]
Aggregate principal amount			$ 450,000
Interest rate on senior note			5.875%		5.875%
Debt instrument, maturity year			2,024
Unpaid Interest [Member]
Business Acquisition [Line Items]
Debt issuance date			Nov. 3, 2013
WRECO Transaction [Member]
Business Acquisition [Line Items]
Common stock, shares issued | shares	129,700,000
Amount of adjustment based on transaction agreement	$ 31,500
Cash payment to former direct parent		$ 743,700
Acquisition related to trade names			$ 17,300
WRECO Transaction [Member] | Transaction Agreement [Member]
Business Acquisition [Line Items]
Cash payment to former direct parent		739,000
WRECO Transaction [Member] | Unpaid Interest [Member]
Business Acquisition [Line Items]
Cash payment to former direct parent		$ 4,700
TRI Pointe [Member]
Business Acquisition [Line Items]
Common stock, shares issued | shares			129,700,000
Cash retained by the Company			$ 117,600
TRI Pointe [Member] | WRECO Transaction [Member]
Business Acquisition [Line Items]
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%

Merger with Weyerhaeuser Real48

Merger with Weyerhaeuser Real Estate Company - Summary of Calculation of Fair Value of Total Consideration Transferred and Provisional Amounts Recognized (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended
	Jun. 30, 2015	Dec. 31, 2014	Jul. 07, 2014
Calculation of consideration transferred
TRI Pointe shares outstanding	161,737,684	161,355,490
Assets acquired and liabilities assumed
Goodwill	$ 139,303	$ 139,304
WRECO Transaction [Member]
Calculation of consideration transferred
TRI Pointe shares outstanding	31,632,533		129,700,000
TRI Pointe closing stock price on July 7, 2014	$ 15.85
Consideration attributable to common stock	$ 501,376
Consideration attributable to TRI Pointe share-based equity awards	1,072
Total consideration transferred	502,448
Assets acquired and liabilities assumed
Cash and cash equivalents	53,800
Accounts receivable	654
Real estate inventories	539,677
Intangible asset	17,300
Goodwill	139,304
Other assets	28,060
Total assets acquired	778,795
Accounts payable	26,105
Accrued expenses and other liabilities	23,114
Notes payable and other borrowings	227,128
Total liabilities assumed	276,347
Total net assets acquired	$ 502,448

Merger with Weyerhaeuser Real49

Merger with Weyerhaeuser Real Estate Company - Summary of Pro Forma Operating Results (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Business Combinations [Abstract]
Total revenues	$ 429,899	$ 750,843
Net income	$ 32,200	$ 44,514
Earnings per share – basic	$ 0.20	$ 0.28
Earnings per share – diluted	$ 0.20	$ 0.27

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring And Related Activities [Abstract]
Employee-related costs	$ 23	$ 60	$ 135	$ 1,307
Lease termination costs	475	460	585	871
Total	$ 498	$ 520	$ 720	$ 2,178

Restructuring - Schedule of Cha

Restructuring - Schedule of Changes in Employee Related Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost And Reserve [Line Items]
Current year charges	$ 498	$ 520	$ 720	$ 2,178
Employee-Related Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Accrued costs, beginning of period	533		3,844	4,336
Current year charges	23	60	135	1,307
Payments	(447)	$ (60)	(3,870)	$ (5,643)
Accrued costs, end of period	$ 109		$ 109

Restructuring - Schedule of C52

Restructuring - Schedule of Changes in Lease Termination Related Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Restructuring Cost And Reserve [Line Items]
Current year charges	$ 498	$ 520	$ 720	$ 2,178
Lease Termination Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Accrued costs, beginning of period	926	2,758	1,394	3,506
Current year charges	475	460	585	871
Payments	(757)	(764)	(1,335)	(1,923)
Accrued costs, end of period	$ 644	$ 2,454	$ 644	$ 2,454

Segment Information - Additiona

Segment Information - Additional Information (Detail)	6 Months Ended
	Jun. 30, 2015Segment
Segment Reporting [Abstract]
Number of operating divisions	6
Number of reportable segments	6

Segment Information - Summary o

Segment Information - Summary of Financial Information Relating to Reportable Segments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 495,517	$ 342,563	$ 872,775	$ 590,695
Income before taxes	87,002	30,027	110,126	42,137
Real estate inventories	2,535,753		2,535,753		$ 2,280,183
Total assets	3,107,187		3,107,187		2,913,524
Operating segments [Member] | Maracay [Member]
Segment Reporting Information [Line Items]
Total revenues	33,574	35,045	66,051	70,275
Income before taxes	1,068	2,387	2,108	6,010
Real estate inventories	189,036		189,036		153,577
Total assets	201,628		201,628		170,932
Operating segments [Member] | Pardee [Member]
Segment Reporting Information [Line Items]
Total revenues	166,064	145,247	251,723	217,709
Income before taxes	67,734	18,656	81,292	25,793
Real estate inventories	999,972		999,972		924,362
Total assets	1,067,332		1,067,332		1,000,489
Operating segments [Member] | Quadrant [Member]
Segment Reporting Information [Line Items]
Total revenues	38,896	31,785	84,525	64,039
Income before taxes	766	5,459	2,347	6,240
Real estate inventories	170,506		170,506		153,493
Total assets	181,502		181,502		167,796
Operating segments [Member] | Trendmaker [Member]
Segment Reporting Information [Line Items]
Total revenues	65,982	67,756	122,191	129,156
Income before taxes	6,040	7,825	10,400	14,202
Real estate inventories	196,015		196,015		176,696
Total assets	218,531		218,531		195,829
Operating segments [Member] | TRI Pointe [Member]
Segment Reporting Information [Line Items]
Total revenues	130,735		237,592
Income before taxes	14,564		25,695
Real estate inventories	696,811		696,811		613,666
Total assets	867,043		867,043		781,301
Operating segments [Member] | Winchester [Member]
Segment Reporting Information [Line Items]
Total revenues	60,266	62,730	110,693	109,516
Income before taxes	5,957	6,868	6,338	11,037
Real estate inventories	283,413		283,413		258,389
Total assets	311,004		311,004		281,547
Corporate [Member]
Segment Reporting Information [Line Items]
Income before taxes	(9,127)	$ (11,168)	(18,054)	$ (21,145)
Total assets	$ 260,147		$ 260,147		$ 315,630

Earnings Per Share - Computatio

Earnings Per Share - Computation of Basic and Diluted Earnings Per Share (Detail) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Numerator:
Net income available to common stockholders	$ 54,930	$ 24,225	$ 70,227	$ 31,806
Denominator:
Basic weighted-average shares outstanding	161,686,570	129,700,000	161,589,310	129,700,000
Effect of dilutive shares:
Stock options and unvested restricted stock units	621,529		675,845
Diluted weighted-average shares outstanding	162,308,099	129,700,000	162,265,155	129,700,000
Earnings per share
Basic	$ 0.34	$ 0.19	$ 0.43	$ 0.25
Diluted	$ 0.34	$ 0.19	$ 0.43	$ 0.25
Antidilutive unvested restricted stock units and stock options not included in diluted earnings per share	2,343,905		2,563,137

Receivables - Components of Rec

Receivables - Components of Receivables (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Receivables [Abstract]
Escrow proceeds and other accounts receivable, net	$ 23,363	$ 9,771
Warranty insurance receivable (Note 15)	10,526	10,047
Notes and contracts receivable	300	300
Total receivables	$ 34,189	$ 20,118

Real Estate Inventories - Summa

Real Estate Inventories - Summary of Real Estate Inventories (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Real estate inventories owned:
Homes completed or under construction	$ 726,553	$ 461,712
Land under development	1,349,956	1,391,303
Land held for future development	256,865	245,673
Model homes	128,839	103,270
Total real estate inventories owned	2,462,213	2,201,958
Real estate inventories not owned:
Land purchase and land option deposits	36,976	44,155
Consolidated inventory held by VIEs	36,564	34,070
Total real estate inventories not owned	73,540	78,225
Total real estate inventories	$ 2,535,753	$ 2,280,183

Real Estate Inventories - Addit

Real Estate Inventories - Additional Information (Detail) - Jun. 30, 2015 $ in Millions	USD ($)a
Real Estate [Abstract]
Area of land sold	15.72
Cash proceeds from sale of land | $	$ 53

Real Estate Inventories - Sum59

Real Estate Inventories - Summary of Interest Incurred, Capitalized and Expensed (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest incurred	$ 15,149	$ 6,551	$ 30,325	$ 10,589
Interest capitalized	(15,149)	(4,339)	(30,325)	(8,148)
Interest expensed		2,212		2,441
Capitalized interest in beginning inventory	132,872	137,979	124,461	138,233
Interest capitalized as a cost of inventory	15,149	4,339	30,325	8,148
Interest previously capitalized as a cost of inventory, included in cost of sales	(7,915)	(28,553)	(14,680)	(32,616)
Capitalized interest in ending inventory	$ 140,106	$ 113,765	$ 140,106	$ 113,765

Real Estate Inventories - Sched

Real Estate Inventories - Schedule of Real Estate Inventory Impairments and Land Option Abandonments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Real Estate [Abstract]
Real estate inventory impairments	$ 878	$ 42	$ 1,044	$ 52
Land and lot option abandonments and pre-acquisition costs	300	62	494	520
Real estate inventory impairments and land option abandonments, Total	$ 1,178	$ 104	$ 1,538	$ 572

Investments in Unconsolidated61

Investments in Unconsolidated Entities - Additional Information (Detail) - Jun. 30, 2015 - Investment	Total
Investment Holdings [Line Items]
Number of equity investments	6
Minimum [Member]
Investment Holdings [Line Items]
Ownership percentage	7.00%
Maximum [Member]
Investment Holdings [Line Items]
Ownership percentage	55.00%

Investments in Unconsolidated62

Investments in Unconsolidated Entities - Schedule of Cumulative Investment in Entities on Equity Method, Including Share of Earnings and Losses (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Investments in unconsolidated entities	$ 17,325	$ 16,805
Limited Partnership and Limited Liability Company Interests [Member]
Schedule of Investments [Line Items]
Investments in unconsolidated entities	13,961	13,710
General Partnership Interests [Member]
Schedule of Investments [Line Items]
Investments in unconsolidated entities	$ 3,364	$ 3,095

Investments in Unconsolidated63

Investments in Unconsolidated Entities - Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Assets
Total assets	$ 114,539		$ 114,539		$ 122,824
Liabilities and equity
Accounts payable and other liabilities	11,706		11,706		10,914
Company's equity	17,325		17,325		16,805
Outside interests' equity	85,508		85,508		95,105
Total liabilities and equity	114,539		114,539		122,824
Net sales	1,377	$ 336	1,453	$ 407
Other operating expense	(1,805)	(1,146)	(2,541)	(2,157)
Other income	5	12	7	14
Net loss	(423)	(798)	(1,081)	(1,736)
Company's equity in loss of unconsolidated entities	(155)	$ (69)	(81)	$ (137)
Cash [Member]
Assets
Total assets	14,374		14,374		17,154
Receivables [Member]
Assets
Total assets	9,550		9,550		9,550
Real Estate Inventories [Member]
Assets
Total assets	89,801		89,801		95,500
Other Assets [Member]
Assets
Total assets	$ 814		$ 814		$ 620

Variable Interest Entities - Su

Variable Interest Entities - Summary of Interests in Land Option Agreements (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Deposits	$ 44,335	$ 52,226
Remaining Purchase Price	392,305	457,888
Consolidated inventory held by VIEs	36,564	34,070
Consolidated VIEs [Member]
Variable Interest Entity [Line Items]
Deposits	7,359	8,071
Remaining Purchase Price	36,038	43,432
Consolidated inventory held by VIEs	36,564	34,070
Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Deposits	7,760	13,309
Remaining Purchase Price	72,298	129,637
Other land option agreements [Member]
Variable Interest Entity [Line Items]
Deposits	29,216	30,846
Remaining Purchase Price	$ 283,969	$ 284,819

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions	Jun. 30, 2015	Dec. 31, 2014
Other land option agreements [Member]
Variable Interest Entity [Line Items]
Capitalized pre-acquisition costs	$ 4.9	$ 5.3

Goodwill and Other Intangible66

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015USD ($)Assets	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)Assets	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,303		$ 139,303		$ 139,304
Number of intangible assets | Assets	2		2
Indefinite-Lived Trade Names [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Indefinite life intangible asset	$ 17,300		$ 17,300
Finite-Lived Trade Names [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Remaining useful life of amortizing asset	10 years 8 months 12 days				11 years 2 months 12 days
Amortization expense	$ 133	$ 133	266	$ 266
Maracay [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Intangible assets useful life	20 years
WRECO Transaction [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,304		$ 139,304

Goodwill and Other Intangible67

Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 139,303	$ 139,304
Trade names, Gross Carrying Amount	27,979	27,979
Gross Carrying Amount	167,282	167,283
Accumulated Amortization	(4,986)	(4,720)
Net Carrying Amount	162,296	162,563
Trade names, Net Carrying Amount	$ 22,993	$ 23,259

Goodwill and Other Intangible68

Goodwill and Other Intangible Assets - Schedule of Expected Amortization of Intangible Asset (Detail) $ in Thousands	Jun. 30, 2015USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2015	$ 268
2,016	534
2,017	534
2,018	534
2,019	534
Thereafter	3,289
Total	$ 5,693

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid expenses	$ 22,758	$ 29,111
Refundable fees and other deposits	16,557	15,581
Development rights, held for future use or sale	6,447	7,409
Deferred loan costs	24,669	23,686
Operating properties and equipment, net	10,511	11,719
Income tax receivable		10,713
Other	6,408	7,186
Other assets, total	$ 87,350	$ 105,405

Accrued Expenses and Other Li70

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2014	Jun. 30, 2014	Mar. 31, 2014	Dec. 31, 2013
Payables And Accruals [Abstract]
Accrued payroll and related costs	$ 16,437		$ 24,717
Warranty reserves (Note 15)	35,375	$ 33,965	33,270	$ 24,324	$ 24,378	$ 24,450
Estimated cost for completion of real estate inventories	54,771		54,437
Customer deposits	20,101		14,229
Debt (nonrecourse) held by VIEs (Note 9)	8,337		9,512
Income tax liability to Weyerhaeuser (Note 18)	15,894		15,659
Accrued income taxes payable	3,883
Liability for uncertain tax positions (Note 17)	16,095		13,797
Accrued interest	2,632		3,059
Accrued insurance expense	4,199		9,180
Other	27,698		32,149
Total	$ 205,422		$ 210,009

Senior Notes, Unsecured Revol71

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Schedule of Senior Notes (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Senior notes, net of discount	$ 888,267	$ 887,502
4.375% Senior notes due 2019 [Member]
Debt Instrument [Line Items]
Senior notes, net of discount	445,955	445,501
5.875% Senior notes due 2024 [Member]
Debt Instrument [Line Items]
Senior notes, net of discount	$ 442,312	$ 442,001

Senior Notes, Unsecured Revol72

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Schedule of Senior Notes (Parenthetical) (Detail)	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
4.375% Senior notes due 2019 [Member]
Debt Instrument [Line Items]
Interest rate on senior note	4.375%	4.375%
Maturity date of senior note	Jun. 15, 2019	Jun. 15, 2019
5.875% Senior notes due 2024 [Member]
Debt Instrument [Line Items]
Interest rate on senior note	5.875%	5.875%
Maturity date of senior note	Jun. 15, 2024	Jun. 15, 2024

Senior Notes, Unsecured Revol73

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Additional Information (Detail)	Jun. 13, 2014USD ($)Deposit	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)	May. 31, 2015USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of senior notes	$ 861,300,000
Number of escrow accounts | Deposit	2
Capitalization of deferred finance costs		$ 24,669,000		$ 24,669,000		$ 23,686,000
Accrued interest		2,632,000		2,632,000		3,059,000
Notes payable and other borrowings		399,392,000		399,392,000		$ 260,000,000
Outstanding letters of credit		9,500,000		9,500,000
Interest incurred		15,149,000	$ 6,551,000	30,325,000	$ 10,589,000
Interest capitalized		15,149,000	$ 4,339,000	30,325,000	$ 8,148,000
Notes payable [Member]
Debt Instrument [Line Items]
Capitalization of deferred finance costs		0		0
Amortization of deferred financing costs		1,300,000		2,500,000
Senior Notes [Member]
Debt Instrument [Line Items]
Principal payment on Senior Notes				0
Capitalization of deferred finance costs		22,100,000		22,100,000
Accrued interest		1,900,000		1,900,000
Seller financed loan [Member]
Debt Instrument [Line Items]
Accrued interest		25,000		25,000
Notes payable and other borrowings		$ 12,390,000		$ 12,390,000
Interest rate on seller financed loan		6.97%		6.97%
Remaining unpaid balance due date				2016-05
4.375% Senior notes due 2019 [Member]
Debt Instrument [Line Items]
Notes issue price as a percentage of principal amount				98.89%
Maturity date of senior note				Jun. 15, 2019		Jun. 15, 2019
Interest rate on seller financed loan		4.375%		4.375%		4.375%
5.875% Senior notes due 2024 [Member]
Debt Instrument [Line Items]
Notes issue price as a percentage of principal amount				98.15%
Maturity date of senior note				Jun. 15, 2024		Jun. 15, 2024
Interest rate on seller financed loan		5.875%		5.875%		5.875%
425 million revolving credit facility [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility							$ 425,000,000
550 million revolving credit facility [Member]
Debt Instrument [Line Items]
Capitalization of deferred finance costs		$ 2,600,000		$ 2,600,000
Accrued interest		685,000		685,000
Unsecured revolving credit facility		550,000,000		$ 550,000,000			$ 550,000,000
Line of credit facility, maturity date				Jul. 1, 2018
Notes payable and other borrowings		399,392,000		$ 399,392,000		$ 260,000,000
Interest rate on revolving credit facility				2.14%
Available secured revolving credit facility		141,100,000		$ 141,100,000
550 million revolving credit facility [Member] | Minimum [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate				1.45%
550 million revolving credit facility [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument variable interest rate				2.20%
550 million revolving credit facility [Member] | Letters of credit [Member]
Debt Instrument [Line Items]
Unsecured revolving credit facility		$ 75,000,000		$ 75,000,000

Senior Notes, Unsecured Revol74

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Components of Unsecured Revolving Credit Facility (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 399,392	$ 260,000
550 million revolving credit facility [Member]
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 399,392	$ 260,000

Senior Notes, Unsecured Revol75

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Components of Seller Financed Loans (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Seller financed loans	$ 12,390	$ 14,677

Fair Value Disclosures - Summar

Fair Value Disclosures - Summary of Assets and Liabilities Related to Financial Instruments, Measured at Fair Value on a Recurring Basis (Detail) - USD ($) $ in Thousands		Jun. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Receivables		$ 34,189	$ 20,118
Senior notes		888,267	887,502
Seller financed loan [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable and other borrowings		12,390
Level 3 [Member] | Recurring [Member] | Book Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Receivables	[1]	34,189	20,118
Level 3 [Member] | Recurring [Member] | Book Value [Member] | Seller financed loan [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable and other borrowings	[2]	12,390	14,677
Level 3 [Member] | Recurring [Member] | Fair Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Receivables	[1]	34,189	20,118
Level 3 [Member] | Recurring [Member] | Fair Value [Member] | Seller financed loan [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable and other borrowings	[2]	12,390	14,677
Level 3 [Member] | Recurring [Member] | Unsecured revolving credit facility [Member] | Book Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable and other borrowings	[3]	399,392	260,000
Level 3 [Member] | Recurring [Member] | Unsecured revolving credit facility [Member] | Fair Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Notes payable and other borrowings	[3]	399,392	260,000
Level 2 [Member] | Recurring [Member] | Book Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	[4]	888,267	887,502
Level 2 [Member] | Recurring [Member] | Fair Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	[4]	$ 879,750	$ 896,625
[1]	The estimated fair value of our receivables was based on the discounted value of the expected future cash flows using current rates for similar receivables. The book value of our receivables equaled the fair value as of June 30, 2015 and December 31, 2014 due to the short-term nature of the remaining receivables.
[2]	We believe that the carrying value of our Seller financed loans approximates fair value based on a two year treasury curve analysis.
[3]	We believe that the carrying value of our Credit Facility approximates fair value based on the short term nature of the current market rate amended on May 18, 2015.
[4]	The estimated fair value of our Senior Notes at June 30, 2015 and December 31, 2014 is based on quoted market prices.

Fair Value Disclosures - Summ77

Fair Value Disclosures - Summary of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventories, impairment charge	$ 878	$ 42	$ 1,044	$ 52
Level 3 [Member] | Fair Value Measurements Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventories, impairment charge			1,044		$ 931
Real estate inventories, fair value net of impairment	$ 15,348		$ 15,348		$ 20,329

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014
Commitment And Contingencies [Line Items]
Outstanding warranty insurance receivables	$ 10,526	$ 10,047
Surety bonds [Member]
Commitment And Contingencies [Line Items]
Outstanding surety bonds	$ 407,900	$ 355,200

Commitments and Contingencies79

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserves, beginning of period	$ 33,965	$ 24,378	$ 33,270	$ 24,450
Warranty reserves accrued	3,354	2,153	6,226	3,764
Adjustments to pre-existing reserves	999	232	1,300	1,018
Warranty expenditures	(2,943)	(2,439)	(5,421)	(4,908)
Warranty reserves, end of period	$ 35,375	$ 24,324	$ 35,375	$ 24,324

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	Mar. 09, 2015$ / sharesshares	Mar. 05, 2015$ / sharesshares	Jul. 16, 2014shares	Jun. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock based compensation related to all stock-based awards | $				$ 22.4
Weighted average period, expense to recognize				1 year 11 months 9 days
Restricted stock units, granted				1,511,491
Restricted Stock Units (RSUs) [Member] | Employees and Officers [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, vesting period		3 years
Restricted stock units, granted		440,800
Closing stock price on date of grant | $ / shares		$ 14.97
Performance-based RSUs [Member] | Total Shareholder Return [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price on date of grant | $ / shares	$ 7.55
Allocation amount percentage	33.33%
Performance period initiation date	Jan. 1, 2015
Performance period expiration date	Dec. 31, 2017
Performance-based RSUs [Member] | Earnings Per Share [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price on date of grant | $ / shares	$ 14.57
Allocation amount percentage	33.33%
Performance period initiation date	Jan. 1, 2015
Performance period expiration date	Dec. 31, 2017
Performance-based RSUs [Member] | Stock Price [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price on date of grant | $ / shares	$ 7.90
Allocation amount percentage	33.33%
Performance period initiation date	Jan. 1, 2016
Performance period expiration date	Dec. 31, 2017
Performance-based RSUs [Member] | Chief Executive Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted	411,804
Performance-based RSUs [Member] | President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted	384,351
Performance-based RSUs [Member] | Chief Financial Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted	274,536
WRECO Transaction [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price on date of grant | $ / shares				$ 15.85
2013 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock				11,727,833
Shares available for future grant				9,525,870
WRECO equity incentive plans [Member] | WRECO Transaction [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Exchange ratio			2.1107
Number of registered shares			4,105,953

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Compensation Expense Recognized Related to all Stock-Based Awards (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Total stock-based compensation	$ 3,161	$ 1,410	$ 5,542	$ 2,703

Stock-Based Compensation - Su82

Stock-Based Compensation - Summary of Stock Option Awards (Detail) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2015	Dec. 31, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Options, Outstanding, Balance	3,467,086
Options, Granted	0
Options, Exercised	(91,880)
Options, Forfeited	(11,303)
Options, Outstanding, Balance	3,363,903	3,467,086
Options exercisable at June 30, 2015	2,872,860
Weighted Average Exercise Price, Outstanding, Balance	$ 13.05
Weighted Average Exercise Price, Exercised	10.63
Weighted Average Exercise Price, Forfeited	8.39
Weighted Average Exercise Price, Outstanding, Balance	13.12	$ 13.05
Weighted Average Exercise Price, Options exercisable at June 30, 2015	$ 12.41
Weighted Average Remaining Contractual Life, Outstanding	5 years 7 months 6 days	6 years
Weighted Average Remaining Contractual Life, Options exercisable at June 30, 2015	4 years 10 months 24 days
Aggregate Intrinsic Value, Outstanding, Balance	$ 7,349	$ 7,642
Aggregate Intrinsic Value, Outstanding, Options exercisable at June 30, 2015	$ 8,309

Stock-Based Compensation - Su83

Stock-Based Compensation - Summary of Restricted Stock Units (Detail) - 6 months ended Jun. 30, 2015 - USD ($) $ / shares in Units, $ in Thousands	Total
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Nonvested Restricted Stock Units, Beginning Balance	900,547
Nonvested Restricted Stock Units, Granted	1,511,491
Nonvested Restricted Stock Units, Vested	(453,685)
Nonvested Restricted Stock Units, Forfeited	(10,193)
Nonvested Restricted Stock Units, Ending Balance	1,948,160
Weighted Average Grant Date Fair Value, Beginning Balance	$ 15.62
Weighted Average Grant Date Fair Value, Granted	11.46
Weighted Average Grant Date Fair Value, Vested	13.85
Weighted Average Grant Date Fair Value, Forfeited	13.58
Weighted Average Grant Date Fair Value, Ending Balance	$ 12.20
Aggregate Intrinsic Value, Beginning Balance	$ 13,461
Aggregate Intrinsic Value, Granted	17,315
Aggregate Intrinsic Value, Ending Balance	$ 29,807

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net deferred tax assets	$ 148,367		$ 148,367		$ 157,821
Valuation allowance related to net deferred tax assets	4,600		4,600		6,200
Provision for income taxes	(30,240)	$ (5,802)	(38,067)	$ (10,331)
Liability for uncertain tax positions	$ 16,095		$ 16,095		$ 13,797

Related Party Transactions - Sc

Related Party Transactions - Schedule of Allocated Corporate General and Administrative Expenses (Detail) - Jun. 30, 2014 - USD ($) $ in Thousands	Total	Total
Weyerhaeuser [Member]
Related Party Transaction [Line Items]
General and administrative	$ 5,188	$ 10,735

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Millions	1 Months Ended
	Jan. 31, 2015USD ($)Lot	Jun. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Weyerhaeuser [Member]
Related Party Transaction [Line Items]
Accrued liabilities		$ 15.9	$ 15.7
Starwood Capital Group [Member]
Related Party Transaction [Line Items]
Number of lots acquired | Lot	46
Payment for acquiring lots	$ 2.8

Supplemental Disclosure to Co87

Supplemental Disclosure to Consolidated Statements of Cash Flow - Supplemental Disclosure to Consolidated Statements of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Supplemental disclosure of cash flow information:
Interest, net of amounts capitalized		$ 97
Income taxes	$ 11,354	14,962
Supplemental disclosures of noncash activities:
Amortization of senior note discount	765
Effect of net consolidation and de-consolidation of variable interest entities:
Increase in consolidated real estate inventory not owned	3,629	28,208
Increase in accrued expenses and other liabilities	300
Increase in noncontrolling interests	$ (3,929)	$ (28,208)

Supplemental Guarantor Inform88

Supplemental Guarantor Information - Additional Information (Detail) - USD ($)	Jun. 30, 2015	May. 31, 2015
Non-Guarantor Subsidiaries | Maximum [Member]
Condensed Financial Statements Captions [Line Items]
Percentage of Non Guarantor Subsidiaries	3.00%
550 million revolving credit facility [Member]
Condensed Financial Statements Captions [Line Items]
Unsecured revolving credit facility	$ 550,000,000	$ 550,000,000

Supplemental Guarantor Inform89

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Jun. 30, 2015	Dec. 31, 2014	Jun. 30, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 121,907	$ 170,629	$ 948,890	$ 4,510
Receivables	34,189	20,118
Real estate inventories	2,535,753	2,280,183
Investments in unconsolidated entities	17,325	16,805
Goodwill and other intangible assets, net	162,296	162,563
Deferred tax assets	148,367	157,821
Other assets	87,350	105,405
Total assets	3,107,187	2,913,524
Liabilities
Accounts payable	51,009	68,860
Accrued expenses and other liabilities	205,422	210,009
Notes payable and other borrowings	399,392	260,000
Seller financed loans	12,390	14,677
Senior notes	888,267	887,502
Total liabilities	1,556,480	1,441,048
Equity
Total stockholders' equity	1,528,771	1,454,180
Noncontrolling interests	21,936	18,296
Total equity	1,550,707	1,472,476		$ 825,517
Total liabilities and equity	3,107,187	2,913,524
Reporting Entity [Member] | TRI Pointe Homes, Inc. [Member]
Assets
Cash and cash equivalents	67,329	105,888
Receivables	12,721	5,050
Intercompany receivables	851,310	797,480
Real estate inventories	696,810	613,665
Goodwill and other intangible assets, net	162,296	156,603
Investments in subsidiaries	1,007,550	941,397
Deferred tax assets	23,630	23,630
Other assets	38,948	55,199
Total assets	2,860,594	2,698,912
Liabilities
Accounts payable	4,449	25,800
Accrued expenses and other liabilities	27,725	57,353
Notes payable and other borrowings	399,392	260,000
Seller financed loans	11,990	14,077
Senior notes	888,267	887,502
Total liabilities	1,331,823	1,244,732
Equity
Total stockholders' equity	1,528,771	1,454,180
Total equity	1,528,771	1,454,180
Total liabilities and equity	2,860,594	2,698,912
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	54,578	64,741
Receivables	21,468	15,068
Real estate inventories	1,838,943	1,666,518
Investments in unconsolidated entities	17,325	16,805
Goodwill and other intangible assets, net		5,960
Deferred tax assets	124,737	134,191
Other assets	48,402	50,206
Total assets	2,105,453	1,953,489
Liabilities
Accounts payable	46,560	43,060
Intercompany payables	851,310	797,480
Accrued expenses and other liabilities	177,697	152,656
Seller financed loans	400	600
Total liabilities	1,075,967	993,796
Equity
Total stockholders' equity	1,007,550	941,397
Noncontrolling interests	21,936	18,296
Total equity	1,029,486	959,693
Total liabilities and equity	2,105,453	1,953,489
Consolidating Adjustments [Member]
Assets
Intercompany receivables	(851,310)	(797,480)
Investments in subsidiaries	(1,007,550)	(941,397)
Total assets	(1,858,860)	(1,738,877)
Liabilities
Intercompany payables	(851,310)	(797,480)
Total liabilities	(851,310)	(797,480)
Equity
Total stockholders' equity	(1,007,550)	(941,397)
Total equity	(1,007,550)	(941,397)
Total liabilities and equity	$ (1,858,860)	$ (1,738,877)

Supplemental Guarantor Inform90

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Revenues:
Home sales	$ 427,238	$ 309,609	$ 801,503	$ 551,511
Land and lot sales	67,490	27,512	69,490	30,899
Other operations	789	5,442	1,782	8,285
Total revenue	495,517	342,563	872,775	590,695
Expenses:
Cost of home sales	341,742	242,709	641,648	433,977
Cost of land and lot sales	11,564	24,765	13,873	27,928
Other operations	592	567	1,154	2,199
Sales and marketing	25,634	23,798	48,920	44,703
General and administrative	28,299	18,184	56,478	36,189
Restructuring charges	498	520	720	2,178
Total expenses	408,329	310,543	762,793	547,174
Income from operations	87,188	32,020	109,982	43,521
Equity in loss of unconsolidated entities	(155)	(69)	(81)	(137)
Other income, net	(31)	(1,476)	225	(741)
Income before taxes	87,002	30,027	110,126	42,137
Provision for income taxes	(30,240)	(5,802)	(38,067)	(10,331)
Net income	56,762	24,225	72,059	31,806	$ 84,197
Less: net income attributable to noncontrolling interests	(1,832)		(1,832)
Net income available to common stockholders	54,930	$ 24,225	70,227	$ 31,806
Reporting Entity [Member] | TRI Pointe Homes, Inc. [Member]
Revenues:
Home sales	130,552		237,410
Total revenue	130,552		237,410
Expenses:
Cost of home sales	106,365		193,346
Sales and marketing	5,447		10,428
General and administrative	13,260		25,932
Restructuring charges	(86)		(86)
Total expenses	124,986		229,620
Income from operations	5,566		7,790
Other income, net	(151)		(112)
Income before taxes	5,415		7,678
Provision for income taxes	(2,388)		(3,215)
Equity of net income of subsidiaries	51,903		65,764
Net income	54,930		70,227
Net income available to common stockholders	54,930		70,227
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Revenues:
Home sales	296,686		564,093
Land and lot sales	67,490		69,490
Other operations	789		1,782
Total revenue	364,965		635,365
Expenses:
Cost of home sales	235,377		448,302
Cost of land and lot sales	11,564		13,873
Other operations	592		1,154
Sales and marketing	20,187		38,492
General and administrative	15,039		30,546
Restructuring charges	584		806
Total expenses	283,343		533,173
Income from operations	81,622		102,192
Equity in loss of unconsolidated entities	(155)		(81)
Other income, net	120		337
Income before taxes	81,587		102,448
Provision for income taxes	(27,852)		(34,852)
Net income	53,735		67,596
Less: net income attributable to noncontrolling interests	(1,832)		(1,832)
Net income available to common stockholders	51,903		65,764
Consolidating Adjustments [Member]
Expenses:
Equity of net income of subsidiaries	(51,903)		(65,764)
Net income	(51,903)		(65,764)
Net income available to common stockholders	$ (51,903)		$ (65,764)

Supplemental Guarantor Inform91

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flows from operating activities
Net cash used in operating activities	$ (177,095)	$ 104,575
Cash flows from investing activities:
Purchases of property and equipment	(613)	(4,256)
Investments in unconsolidated entities	(1,257)	236
Net cash used in investing activities	(1,870)	(4,013)
Cash flows from financing activities:
Borrowings from debt	140,000
Repayment of debt	(2,895)	(25,508)
Debt issuance costs	(2,688)
Net repayments of debt held by variable interest entities	(875)	3,145
Contributions from noncontrolling interests	2,034	1,385
Distributions to noncontrolling interests	(4,155)	(9,334)
Proceeds from issuance of common stock under share-based awards	660
Excess tax benefits of share-based awards	352	1,572
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)
Net cash provided by financing activities	130,243	843,818
Net (decrease) increase in cash and cash equivalents	(48,722)	944,380
Cash and cash equivalents - beginning of period	170,629	4,510
Cash and cash equivalents - end of period	121,907	$ 948,890
Reporting Entity [Member] | TRI Pointe Homes, Inc. [Member]
Cash flows from operating activities
Net cash used in operating activities	(113,102)
Cash flows from investing activities:
Purchases of property and equipment	(427)
Intercompany	(58,117)
Net cash used in investing activities	(58,544)
Cash flows from financing activities:
Borrowings from debt	140,000
Repayment of debt	(2,695)
Debt issuance costs	(2,688)
Proceeds from issuance of common stock under share-based awards	660
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)
Net cash provided by financing activities	133,087
Net (decrease) increase in cash and cash equivalents	(38,559)
Cash and cash equivalents - beginning of period	105,888
Cash and cash equivalents - end of period	67,329
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Cash flows from operating activities
Net cash used in operating activities	(63,993)
Cash flows from investing activities:
Purchases of property and equipment	(186)
Investments in unconsolidated entities	(1,257)
Net cash used in investing activities	(1,443)
Cash flows from financing activities:
Repayment of debt	(200)
Net repayments of debt held by variable interest entities	(875)
Contributions from noncontrolling interests	2,034
Distributions to noncontrolling interests	(4,155)
Excess tax benefits of share-based awards	352
Intercompany	58,117
Net cash provided by financing activities	55,273
Net (decrease) increase in cash and cash equivalents	(10,163)
Cash and cash equivalents - beginning of period	64,741
Cash and cash equivalents - end of period	54,578
Consolidating Adjustments [Member]
Cash flows from investing activities:
Intercompany	58,117
Net cash used in investing activities	58,117
Cash flows from financing activities:
Intercompany	(58,117)
Net cash provided by financing activities	$ (58,117)