Tri Pointe Homes (TPH) 10-Q 6 Nov 15 2015 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2015	Nov. 01, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Sep. 30, 2015
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q3
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		161,813,750

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 96,993	$ 170,629
Receivables	32,921	20,118
Real estate inventories	2,576,402	2,280,183
Investments in unconsolidated entities	17,340	16,805
Goodwill and other intangible assets, net	162,162	162,563
Deferred tax assets	141,479	157,821
Other assets	84,516	105,405
Total assets	3,111,813	2,913,524
Liabilities
Accounts payable	67,747	68,860
Accrued expenses and other liabilities	210,707	210,009
Unsecured revolving credit facility	349,392	260,000
Seller financed loans	7,572	14,677
Senior notes	888,657	887,502
Total liabilities	$ 1,524,075	$ 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 September 30, 2015 and December 31, 2014, respectively
Common stock, $0.01 par value, 500,000,000 shares authorized; 161,813,750 and 161,355,490 shares issued and outstanding at September 30, 2015 and December 31, 2014, respectively	$ 1,618	$ 1,614
Additional paid-in capital	907,762	906,159
Retained earnings	666,796	546,407
Total stockholders’ equity	1,576,176	1,454,180
Noncontrolling interests	11,562	18,296
Total equity	1,587,738	1,472,476
Total liabilities and equity	$ 3,111,813	$ 2,913,524

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Sep. 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	161,813,750	161,355,490
Common stock, shares outstanding	161,813,750	161,355,490

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Revenues:
Home sales	$ 642,352	$ 471,801	$ 1,443,855	$ 1,023,312
Land and lot sales	4,876	5,550	74,366	36,449
Other operations	913	569	2,695	8,854
Total revenues	648,141	477,920	1,520,916	1,068,615
Expenses:
Cost of home sales	507,543	385,400	1,149,191	819,377
Cost of land and lot sales	3,451	2,317	17,324	30,245
Other operations	570	556	1,724	2,755
Sales and marketing	30,038	28,393	78,958	73,096
General and administrative	26,783	20,951	83,261	57,140
Restructuring charges	2,010	7,024	2,730	9,202
Total expenses	570,395	444,641	1,333,188	991,815
Income from operations	77,746	33,279	187,728	76,800
Equity in loss of unconsolidated entities	(3)	(82)	(84)	(219)
Transaction expenses		(16,710)		(17,216)
Other income (loss), net	47	499	272	(242)
Income before taxes	77,790	16,986	187,916	59,123
Provision for income taxes	(28,021)	(6,021)	(66,088)	(16,352)
Net income	49,769	10,965	121,828	42,771
Net (income) loss attributable to noncontrolling interests	393		(1,439)
Net income available to common stockholders	$ 50,162	$ 10,965	$ 120,389	$ 42,771
Earnings per share
Basic	$ 0.31	$ 0.07	$ 0.74	$ 0.31
Diluted	$ 0.31	$ 0.07	$ 0.74	$ 0.31
Weighted average shares outstanding
Basic	161,772,893	158,931,450	161,651,177	139,550,891
Diluted	162,366,744	159,158,706	162,299,282	140,213,655

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	$ 121,828			120,389	120,389	1,439
Capital contribution by Weyerhaeuser, net	(6,747)		(6,747)		(6,747)
Shares issued under share-based awards	1,616	$ 4	1,612		1,616
Shares issued under share-based awards, Shares		458,260
Excess tax benefit of share-based awards, net	392		392		392
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)		(2,190)		(2,190)
Stock-based compensation expense	8,536		8,536		8,536
Distributions to noncontrolling interests, net	(4,917)					(4,917)
Net effect of consolidations, de-consolidations and other transactions	(3,256)					(3,256)
Ending Balance at Sep. 30, 2015	$ 1,587,738	$ 1,618	$ 907,762	$ 666,796	$ 1,576,176	$ 11,562
Ending Balance, Shares at Sep. 30, 2015	161,813,750	161,813,750

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net income	$ 121,828	$ 42,771
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	5,416	10,578
Equity in loss of unconsolidated entities, net	84	219
Deferred income taxes, net	16,342	21,937
Amortization of stock-based compensation	8,536	7,518
Charges for impairments and lot option abandonments	1,903	1,124
Bridge commitment fee		10,322
Changes in assets and liabilities:
Real estate inventories	(305,889)	(249,890)
Receivables	(12,803)	34,107
Other assets	25,490	(6,484)
Accounts payable	(1,113)	(822)
Accrued expenses and other liabilities	195	(11,874)
Other operating cash flows		65
Net cash used in operating activities	(140,011)	(140,429)
Cash flows from investing activities:
Purchases of property and equipment	(1,059)	(6,068)
Cash acquired in the Merger		53,800
Proceeds from sale of property and equipment		22
Investments in unconsolidated entities	(1,458)	(573)
Distributions from unconsolidated entities	319
Net cash (used in) provided by investing activities	(2,198)	47,181
Cash flows from financing activities:
Borrowings from debt	140,000	50,000
Repayment of debt	(57,713)
Debt issuance costs	(2,688)	(23,003)
Proceeds from issuance of senior notes		886,698
Bridge commitment fee		(10,322)
Repayment of debt payable to Weyerhaeuser		(623,589)
Decrease in book overdrafts		(22,492)
Distributions to Weyerhaeuser		(8,860)
Net (repayments) proceeds of debt held by variable interest entities	(5,927)	5,120
Contributions from noncontrolling interests	4,281
Distributions to noncontrolling interests	(9,198)	(18,703)
Proceeds from issuance of common stock under share-based awards	1,616
Excess tax benefits of share-based awards	392	1,572
Minimum tax withholding paid on behalf of employees for share-based awards	(2,190)
Net cash provided by financing activities	68,573	236,421
Net (decrease) increase in cash and cash equivalents	(73,636)	143,173
Cash and cash equivalents - beginning of period	170,629	4,510
Cash and cash equivalents - end of period	$ 96,993	$ 147,683

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 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. Reorganization 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 (“VIEs”) in which the Company is the primary beneficiary. The noncontrolling interests as of September 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. 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 nine months ended September 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. 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 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), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements 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	9 Months Ended
	Sep. 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 Homes 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. In connection with the Reorganization, TRI Pointe Group became a co-issuer with TRI Pointe Homes of the Senior Notes. 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 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 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 September 30, 2014 Nine Months Ended September 30, 2014 Total revenues $ 479,879 $ 1,230,722 Net income $ 21,934 $ 66,902 Earnings per share – basic $ 0.14 $ 0.41 Earnings per share – diluted $ 0.14 $ 0.41 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	9 Months Ended
	Sep. 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 Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Employee-related costs $ 1,433 $ 6,817 $ 1,568 $ 8,124 Lease termination costs 577 207 1,162 1,078 Total $ 2,010 $ 7,024 $ 2,730 $ 9,202 Employee-related costs incurred during the three months ended September 30, 2014 included employee retention and severance-related expenses of $5.5 million and stock-based compensation expense of $1.3 million for employees terminated during the period. Employee-related costs incurred during the nine months ended September 30, 2014 included employee retention and severance-related expenses of $6.8 million and stock-based compensation expense of $1.3 million for employees terminated during the period. Lease termination costs for the three and nine months ended September 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 Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Accrued employee-related costs, beginning of period $ 109 $ — $ 3,844 $ 4,336 Current year charges 1,433 5,550 1,568 6,857 Adjustments to pre-existing reserves (83 ) — (83 ) — Payments (1,004 ) (1,576 ) (4,874 ) (7,219 ) Accrued employee-related costs, end of period $ 455 $ 3,974 $ 455 $ 3,974 Changes in lease termination related restructuring reserves were as follows (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Accrued lease termination costs, beginning of period $ 644 $ 2,454 $ 1,394 $ 3,506 Current year charges 577 207 1,162 1,078 Payments (705 ) (902 ) (2,040 ) (2,825 ) Accrued lease termination costs, end of period $ 516 $ 1,759 $ 516 $ 1,759 Employee and lease termination restructuring reserves are included in accrued expenses and other liabilities on our consolidated balance sheets.

Segment Information

Segment Information	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Total revenues Maracay Homes $ 50,505 $ 37,301 $ 116,556 $ 107,576 Pardee Homes 172,957 134,409 424,680 352,118 Quadrant Homes 48,173 32,919 132,698 96,958 Trendmaker Homes 81,044 69,711 203,235 198,867 TRI Pointe Homes 224,544 123,445 462,136 123,445 Winchester Homes 70,918 80,135 181,611 189,651 Total $ 648,141 $ 477,920 $ 1,520,916 $ 1,068,615 Income (loss) before taxes Maracay Homes $ 3,750 $ 2,212 $ 5,858 $ 8,222 Pardee Homes 39,749 21,787 121,041 47,580 Quadrant Homes 3,982 649 6,329 6,889 Trendmaker Homes 7,496 7,327 17,896 21,529 TRI Pointe Homes 29,556 8,685 55,251 8,685 Winchester Homes 1,726 6,941 8,064 17,978 Corporate (8,469 ) (30,615 ) (26,523 ) (51,760 ) Total $ 77,790 $ 16,986 $ 187,916 $ 59,123 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): September 30, December 31, 2015 2014 Real estate inventories Maracay Homes $ 205,432 $ 153,577 Pardee Homes 1,013,792 924,362 Quadrant Homes 193,374 153,493 Trendmaker Homes 191,803 176,696 TRI Pointe Homes 678,564 613,666 Winchester Homes 293,437 258,389 Total $ 2,576,402 $ 2,280,183 Total assets Maracay Homes $ 221,190 $ 170,932 Pardee Homes 1,080,599 1,000,489 Quadrant Homes 206,986 167,796 Trendmaker Homes 219,869 195,829 TRI Pointe Homes 847,013 781,301 Winchester Homes 312,932 281,547 Corporate 223,224 315,630 Total $ 3,111,813 $ 2,913,524

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator: Net income available to common stockholders $ 50,162 $ 10,965 $ 120,389 $ 42,771 Denominator: Basic weighted-average shares outstanding 161,772,893 158,931,450 161,651,177 139,550,891 Effect of dilutive shares: Stock options and unvested restricted stock units 593,851 227,256 648,105 662,764 Diluted weighted-average shares outstanding 162,366,744 159,158,706 162,299,282 140,213,655 Earnings per share Basic $ 0.31 $ 0.07 $ 0.74 $ 0.31 Diluted $ 0.31 $ 0.07 $ 0.74 $ 0.31 Antidilutive unvested restricted stock units and stock options not included in diluted earnings per share 2,260,532 3,634,614 2,462,268 —

Receivables

Receivables	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Receivables	6. Receivables Receivables consisted of the following (in thousands): September 30, December 31, 2015 2014 Escrow proceeds and other accounts receivable, net $ 22,128 $ 9,771 Warranty insurance receivable (Note 15) 10,493 10,047 Notes and contracts receivable 300 300 Total receivables $ 32,921 $ 20,118

Real Estate Inventories

Real Estate Inventories	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Real Estate Inventories	7. Real Estate Inventories Real estate inventories consisted of the following (in thousands): September 30, December 31, 2015 2014 Real estate inventories owned: Homes completed or under construction $ 749,852 $ 461,712 Land under development 1,380,298 1,391,303 Land held for future development 257,610 245,673 Model homes 127,815 103,270 Total real estate inventories owned 2,515,575 2,201,958 Real estate inventories not owned: Land purchase and land option deposits 42,329 44,155 Consolidated inventory held by VIEs 18,498 34,070 Total real estate inventories not owned 60,827 78,225 Total real estate inventories $ 2,576,402 $ 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 second 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 nine months ended September 30, 2015. Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Interest incurred $ 15,454 $ 15,129 $ 45,779 $ 25,718 Interest capitalized (15,454 ) (14,839 ) (45,779 ) (22,987 ) Interest expensed $ — $ 290 $ — $ 2,731 Capitalized interest in beginning inventory $ 140,106 $ 113,765 $ 124,461 $ 138,233 Interest capitalized as a cost of inventory 15,454 14,839 45,779 22,987 Interest previously capitalized as a cost of inventory, included in cost of sales (13,339 ) (7,835 ) (28,019 ) (40,451 ) Capitalized interest in ending inventory $ 142,221 $ 120,769 $ 142,221 $ 120,769 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Real estate inventory impairments $ 29 $ 248 $ 1,073 $ 300 Land and lot option abandonments and pre-acquisition costs 336 304 830 824 Total $ 365 $ 552 $ 1,903 $ 1,124 Impairments of real estate inventory relate primarily to projects or communities that include homes completed or under construction. Within a project or community, 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	9 Months Ended
	Sep. 30, 2015
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Entities	8. Investments in Unconsolidated Entities As of September 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): September 30, December 31, 2015 2014 Limited liability company interests $ 14,079 $ 13,710 General partnership interests 3,261 3,095 Total $ 17,340 $ 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): September 30, December 31, 2015 2014 Assets Cash $ 19,282 $ 17,154 Receivables 12,916 9,550 Real estate inventories 91,712 95,500 Other assets 882 620 Total assets $ 124,792 $ 122,824 Liabilities and equity Accounts payable and other liabilities $ 14,293 $ 10,914 Company’s equity 17,340 16,805 Outside interests’ equity 93,159 95,105 Total liabilities and equity $ 124,792 $ 122,824 Results of operations from unconsolidated entities (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net sales $ 1,217 $ 184 $ 2,670 $ 591 Other operating expense (1,479 ) (1,215 ) (4,020 ) (3,372 ) Other income (263 ) 2 (256 ) 16 Net loss $ (525 ) $ (1,029 ) $ (1,606 ) $ (2,765 ) Company’s equity in loss of unconsolidated entities $ (3 ) $ (82 ) $ (84 ) $ (219 )

Variable Interest Entities

Variable Interest Entities	9 Months Ended
	Sep. 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): September 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 $ 4,696 $ 14,140 $ 18,498 $ 8,071 $ 43,432 $ 34,070 Unconsolidated VIEs 8,150 22,781 N/A 13,309 129,637 N/A Other land option agreements 34,179 308,438 N/A 30,846 284,819 N/A Total $ 47,025 $ 345,359 $ 18,498 $ 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 $4.6 million and $5.3 million as of September 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	9 Months Ended
	Sep. 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 September 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 September 30, 2015, including an existing trade name from the acquisition of Maracay Homes in 2006 which has a 20 year useful life, and TRI Pointe Homes, resulting from the Merger in 2014 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): September 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 (5,120 ) 22,859 27,979 (4,720 ) 23,259 Total $ 167,282 $ (5,120 ) $ 162,162 $ 167,283 $ (4,720 ) $ 162,563 The remaining useful life of our amortizing intangible asset related to the Maracay Homes trade name was 10.4 and 11.2 years as of September 30, 2015 and December 31, 2014, respectively. Amortization expense related to this intangible asset was $134,000 for each of the three month periods ended September 30, 2015 and 2014, respectively and was $400,000 for each of the nine month periods ended September 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. All trade names are evaluated for impairment on an annual basis or more frequently if indicators of impairment exist. Expected amortization of our intangible asset related to Maracay Homes for the remainder of 2015, the next four years and thereafter is (in thousands): Remainder of 2015 $ 134 2016 534 2017 534 2018 534 2019 534 Thereafter 3,289 Total $ 5,559

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2015
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Assets	11. Other Assets Other assets consisted of the following (in thousands): September 30, December 31, 2015 2014 Prepaid expenses $ 20,989 $ 29,111 Refundable fees and other deposits 16,576 15,581 Development rights, held for future use or sale 6,447 7,409 Deferred loan costs 23,617 23,686 Operating properties and equipment, net 8,869 11,719 Income tax receivable 1,808 10,713 Other 6,210 7,186 Total $ 84,516 $ 105,405

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	9 Months Ended
	Sep. 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): September 30, December 31, 2015 2014 Accrued payroll and related costs $ 21,544 $ 24,717 Warranty reserves (Note 15) 36,743 33,270 Estimated cost for completion of real estate inventories 62,047 54,437 Customer deposits 19,734 14,229 Debt (nonrecourse) held by VIEs 3,286 9,512 Income tax liability to Weyerhaeuser (Note 18) 8,600 15,659 Liability for uncertain tax positions (Note 17) 16,563 13,797 Accrued interest 13,976 3,059 Accrued insurance expense 1,975 9,180 Other 26,239 32,149 Total $ 210,707 $ 210,009

Senior Notes, Unsecured Revolvi

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans	9 Months Ended
	Sep. 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): September 30, December 31, 2015 2014 4.375% Senior Notes due June 15, 2019, net of discount $ 446,186 $ 445,501 5.875% Senior Notes due June 15, 2024, net of discount 442,471 442,001 Total $ 888,657 $ 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 September 30, 2015, no principal has been paid on the Senior Notes, and there was $21.2 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 $13.5 million and $1.9 million as of September 30, 2015 and December 31, 2014, respectively. Unsecured Revolving Credit Facility Unsecured revolving credit facility consisted of the following (in thousands): September 30, December 31, 2015 2014 Unsecured revolving credit facility $ 349,392 $ 260,000 In May 2015, the Company amended its unsecured revolving credit facility (the “Credit Facility”) from $425 million to $550 million. The Credit Facility matures on May 18, 2019, 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 September 30, 2015, the outstanding balance under the Credit Facility was $349.4 million with an interest rate of 2.16% per annum and $192.4 million of availability after considering the borrowing base provisions and outstanding letters of credit. As of September 30, 2015 there was $2.4 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 May 18, 2019. Accrued interest related to the Credit Facility was $376,000 and $620,000 as of September 30, 2015 and December 31, 2014, respectively. At September 30, 2015 we had outstanding letters of credit of $8.2 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): September 30, December 31, 2015 2014 Seller financed loans $ 7,572 $ 14,677 As of September 30, 2015, the Company had $7.6 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 September 30, 2015, the seller financed loans accrue interest at a weighted average rate of 6.95% 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 was $122,000 and $517,000 as of September 30, 2015 and December 31, 2014, respectively. Interest Incurred During the three month periods ended September 30, 2015 and 2014, the Company incurred interest of $15.5 million and $15.1 million, respectively, related to all notes payable and Senior Notes outstanding during the period. Of the interest incurred, $15.5 million and $14.8 million was capitalized to inventory for the three month period ended September 30, 2015 and 2014, respectively. Included in interest incurred was amortization of deferred financing and Senior Note discount costs of $1.5 million and $1.0 million for the three months ended September 30, 2015 and 2014, respectively. During the nine month periods ended September 30, 2015 and 2014, the Company incurred interest of $45.8 million and $25.7 million, respectively, related to all notes payable, Senior Notes and debt payable to Weyerhaeuser outstanding during the period. Of the interest incurred, $45.8 million and $23.0 million was capitalized to inventory for the nine months ended September 30, 2015 and 2014, respectively. Included in interest incurred was amortization of deferred financing and Senior Note discount costs of $3.9 million and $ 1.1 million for the nine months ended September 30, 2015 and 2014, respectively. Accrued interest related to all outstanding debt at September 30, 2015 and December 31, 2014 was $14.0 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 September 30, 2015 and December 31, 2014.

Fair Value Disclosures

Fair Value Disclosures	9 Months Ended
	Sep. 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 September 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): September 30, 2015 December 31, 2014 Hierarchy Book Value Fair Value Book Value Fair Value Receivables (1) Level 3 $ 32,921 $ 32,921 $ 20,118 $ 20,118 Senior Notes (2) Level 2 888,657 878,625 887,502 896,625 Unsecured revolving credit facility (3) Level 3 349,392 349,392 260,000 260,000 Seller financed loans (4) Level 3 7,572 7,572 14,677 14,677 At September 30, 2015 and December 31, 2014, the carrying value of cash and cash equivalents approximated fair value. (1) The book value of our receivables equaled the fair value as of September 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 September 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): Nine Months Ended Year Ended September 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 $ 1,073 $ 20,409 $ 931 $ 20,329

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 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. For matter as to which the Company believes a loss is probable and reasonably estimable, it had legal reserves of $468,000 and $273,000 at September 30, 2015 and December 31, 2014, respectively. 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 September 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 September 30, Nine Months Ended September 2015 2014 2015 2014 Warranty reserves, beginning of period $ 35,375 $ 24,324 $ 33,270 $ 24,449 Warranty reserves accrued 4,201 3,691 10,427 7,455 Liabilities assumed in the Merger — 7,481 — 7,481 Adjustments to pre-existing reserves (14 ) (809 ) 1,286 209 Warranty expenditures (2,819 ) (2,596 ) (8,240 ) (7,503 ) Warranty reserves, end of period $ 36,743 $ 32,091 $ 36,743 $ 32,091 Performance Bonds We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. As of September 30, 2015 and December 31, 2014, the Company had outstanding surety bonds totaling $422.3 million and $355.2 million, respectively. The beneficiaries of the bonds are various municipalities.

Stock-Based Compensation

Stock-Based Compensation	9 Months Ended
	Sep. 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 September 30, 2015 there were 9,563,491 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Total stock-based compensation $ 2,994 $ 3,547 $ 8,536 $ 6,250 As of September 30, 2015, total unrecognized stock-based compensation related to all stock-based awards was $19.2 million and the weighted average term over which the expense was expected to be recognized was 1.90 years. Summary of Stock Option Activity The following table presents a summary of stock option awards for the nine months ended September 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 (171,716 ) 11.54 Forfeited (65,356 ) 14.00 Options outstanding at September 30, 2015 3,230,014 13.12 5.2 — Options exercisable at September 30, 2015 2,791,472 12.42 4.7 1,884 Summary of Restricted Stock Unit Activity The following table presents a summary of restricted stock units (“RSUs”) for the nine months ended September 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 1,580,499 11.59 18,315 Vested (453,685 ) 13.85 Forfeited (66,918 ) 14.56 Nonvested RSUs at September 30, 2015 1,960,443 12.21 25,662 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. On August 12, 2015, the Company granted an aggregate of 69,008 restricted stock units to members of its board of directors. The restricted stock units granted to directors on August 12, 2015 vest in their entirety on the day immediately prior to the Company’s 2016 Annual Meeting of Stockholders. The fair value of each restricted stock award granted on August 12, 2015 was measured using $14.49 per share, which was the closing price on the date of grant. Each award will be expensed on a straight-line basis over the 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	9 Months Ended
	Sep. 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 $141.5 million and $157.8 million as of September 30, 2015 and December 31, 2014, respectively. We had a valuation allowance related to those net deferred tax assets of $4.3 million and $6.2 million as of September 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 $28.0 million and $6.0 million for the three months ended September 30, 2015 and 2014, respectively. Our provision for income taxes totaled $66.1 million and $16.4 million for the nine months ended September 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 $16.6 million and $13.8 million of liabilities for uncertain tax positions recorded as of September 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	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Weyerhaeuser-allocated costs $ — $ — $ — $ 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 September 30, 2015 and December 31, 2014, we had an income tax liability to Weyerhaeuser of $8.6 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. The chairman of the Company’s board of directors is Barry Sternlicht who is also the chairman 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	9 Months Ended
	Sep. 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): Nine Months Ended September 30, 2015 2014 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest, net of amounts capitalized $ — $ 1,372 Income taxes $ 44,394 $ 14,962 Supplemental disclosures of noncash activities: Increase in real estate inventory due to distribution of land from an unconsolidated joint venture $ — $ 5,132 Distribution to Weyerhaeuser of excluded assets and liabilities $ — $ 125,019 Amounts owed to Weyerhaeuser related to the tax sharing agreement $ — $ 15,688 Noncash settlement of debt payable to Weyerhaeuser $ — $ 70,082 Accrued liabilities related to the purchase of operating properties and equipment $ 1,877 $ — Amortization of senior note discount $ 1,155 $ — Effect of net consolidation and de-consolidation of variable interest entities: (Decrease) increase in consolidated real estate inventory not owned $ (3,556 ) $ 4,497 Increase in accrued expenses and other liabilities $ 300 $ — Decrease (increase) in noncontrolling interests $ 3,256 $ (4,497 )

Supplemental Guarantor Informat

Supplemental Guarantor Information	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	20. Supplemental Guarantor Information On the Closing Date, the TRI Pointe Homes 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. In connection with the Reorganization, TRI Pointe Group became a co-issuer with TRI Pointe Homes of the Senior Notes. Presented below are the condensed consolidating balance sheets at September 30, 2015 and December 31, 2014, condensed consolidating statements of operations for the three and nine months ended September 30, 2015 and 2014 and condensed consolidating statement of cash flows for the nine month periods ended September 30, 2015 and 2014. TRI Pointe’s non-guarantor subsidiaries represent less than 3% on an individual and aggregate basis of consolidated total assets, total revenues, and 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, but included with the guarantor subsidiaries. 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. 20. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Assets Cash and cash equivalents $ 37,015 $ 59,978 $ — $ 96,993 Receivables 11,225 21,696 — 32,921 Intercompany receivables 872,290 — (872,290 ) — Real estate inventories 675,914 1,900,488 — 2,576,402 Investments in unconsolidated entities — 17,340 — 17,340 Goodwill and other intangible assets, net 162,162 — — 162,162 Investments in subsidiaries 1,045,130 — (1,045,130 ) — Deferred tax assets 23,630 117,849 — 141,479 Other assets 76,629 7,887 — 84,516 Total Assets $ 2,903,995 $ 2,125,238 $ (1,917,420 ) $ 3,111,813 Liabilities Accounts payable $ 14,821 $ 52,926 $ — $ 67,747 Intercompany payables — 872,290 (872,290 ) — Accrued expenses and other liabilities 67,777 142,930 — 210,707 Unsecured revolving credit facility 349,392 — — 349,392 Seller financed loans 7,172 400 — 7,572 Senior notes 888,657 — — 888,657 Total Liabilities 1,327,819 1,068,546 (872,290 ) 1,524,075 Equity Total stockholders’ equity 1,576,176 1,045,130 (1,045,130 ) 1,576,176 Noncontrolling interests — 11,562 — 11,562 Total Equity 1,576,176 1,056,692 (1,045,130 ) 1,587,738 Total Liabilities and Equity $ 2,903,995 $ 2,125,238 $ (1,917,420 ) $ 3,111,813 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): December 31, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) 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 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Three Months Ended September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 224,244 $ 418,108 $ — $ 642,352 Land and lot sales — 4,876 — 4,876 Other operations — 913 — 913 Total revenues 224,244 423,897 — 648,141 Expenses: Cost of home sales 182,754 324,789 — 507,543 Cost of land and lot sales — 3,451 — 3,451 Other operations — 570 — 570 Sales and marketing 7,286 22,752 — 30,038 General and administrative 12,942 13,841 — 26,783 Restructuring charges (83 ) 2,093 — 2,010 Total expenses 202,899 367,496 — 570,395 Income from operations 21,345 56,401 — 77,746 Equity in loss of unconsolidated entities — (3 ) — (3 ) Other income, net (37 ) 84 — 47 Income before taxes 21,308 56,482 — 77,790 Provision for income taxes (9,070 ) (18,951 ) — (28,021 ) Equity of net income of subsidiaries 37,924 — (37,924 ) — Net income 50,162 37,531 (37,924 ) 49,769 Net loss attributable to noncontrolling interests — 393 — 393 Net income available to common stockholders $ 50,162 $ 37,924 $ (37,924 ) $ 50,162 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Three Months Ended September 30, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 123,456 $ 348,345 $ — $ 471,801 Land and lot sales — 5,550 — 5,550 Other operations (11 ) 580 — 569 Total revenues 123,445 354,475 — 477,920 Expenses: Cost of home sales 108,687 276,713 — 385,400 Cost of land and lot sales — 2,317 — 2,317 Other operations — 556 — 556 Sales and marketing 3,956 24,437 — 28,393 General and administrative 7,246 13,705 — 20,951 Restructuring charges — 7,024 — 7,024 Total expenses 119,889 324,752 — 444,641 Income from operations 3,556 29,723 — 33,279 Equity in loss of unconsolidated entities — (82 ) — (82 ) Transaction expenses (6,381 ) (10,329 ) (16,710 ) Other income, net 9 490 — 499 (Loss) income before taxes (2,816 ) 19,802 — 16,986 Benefit (provision) for income taxes 2,032 (8,053 ) — (6,021 ) Equity of net income of subsidiaries 11,749 — (11,749 ) — Net income available to common stockholders $ 10,965 $ 11,749 $ (11,749 ) $ 10,965 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Nine Months Ended September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 461,654 $ 982,201 $ — $ 1,443,855 Land and lot sales — 74,366 — 74,366 Other operations — 2,695 — 2,695 Total revenues 461,654 1,059,262 — 1,520,916 Expenses: Cost of home sales 376,100 773,091 — 1,149,191 Cost of land and lot sales — 17,324 — 17,324 Other operations — 1,724 — 1,724 Sales and marketing 17,714 61,244 — 78,958 General and administrative 38,874 44,387 — 83,261 Restructuring charges (169 ) 2,899 — 2,730 Total expenses 432,519 900,669 — 1,333,188 Income from operations 29,135 158,593 — 187,728 Equity in loss of unconsolidated entities — (84 ) — (84 ) Other (loss) income, net (149 ) 421 — 272 Income before taxes 28,986 158,930 — 187,916 Provision for income taxes (12,285 ) (53,803 ) — (66,088 ) Equity of net income of subsidiaries 103,688 — (103,688 ) — Net income 120,389 105,127 (103,688 ) 121,828 Net income attributable to noncontrolling interests — (1,439 ) — (1,439 ) Net income available to common stockholders $ 120,389 $ 103,688 $ (103,688 ) $ 120,389 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Nine Months Ended September 30, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 123,456 $ 899,856 $ — $ 1,023,312 Land and lot sales — 36,449 — 36,449 Other operations (11 ) 8,865 — 8,854 Total revenues 123,445 945,170 — 1,068,615 Expenses: Cost of home sales 108,687 710,690 — 819,377 Cost of land and lot sales — 30,245 — 30,245 Other operations — 2,755 — 2,755 Sales and marketing 3,956 69,140 — 73,096 General and administrative 7,246 49,894 — 57,140 Restructuring charges — 9,202 — 9,202 Total expenses 119,889 871,926 — 991,815 Income from operations 3,556 73,244 — 76,800 Equity in loss of unconsolidated entities — (219 ) — (219 ) Transaction expenses (6,381 ) (10,835 ) (17,216 ) Other income (loss), net 9 (251 ) — (242 ) (Loss) income before taxes (2,816 ) 61,939 — 59,123 Benefit (provision) for income taxes 2,032 (18,384 ) — (16,352 ) Equity of net income of subsidiaries 43,555 — (43,555 ) — Net income available to common stockholders $ 42,771 $ 43,555 $ (43,555 ) $ 42,771 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands): Nine Months Ended September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Cash flows from operating activities Net cash used in operating activities $ (69,362 ) $ (70,649 ) $ — $ (140,011 ) Cash flows from investing activities: Purchases of property and equipment (382 ) (677 ) — (1,059 ) Investments in unconsolidated entities — (1,458 ) — (1,458 ) Distributions from unconsolidated entities — 319 — 319 Intercompany (78,354 ) — 78,354 — Net cash used in investing activities (78,736 ) (1,816 ) 78,354 (2,198 ) Cash flows from financing activities: Borrowings from debt 140,000 — — 140,000 Repayment of debt (57,513 ) (200 ) — (57,713 ) Debt issuance costs (2,688 ) — — (2,688 ) Net proceeds (repayments) of debt held by variable interest entities — (5,927 ) — (5,927 ) Contributions from noncontrolling interests — 4,281 — 4,281 Distributions to noncontrolling interests — (9,198 ) — (9,198 ) Proceeds from issuance of common stock under share-based awards 1,616 — — 1,616 Excess tax benefits of share-based awards — 392 — 392 Minimum tax withholding paid on behalf of employees for restricted stock units (2,190 ) — — (2,190 ) Intercompany — 78,354 (78,354 ) — Net cash provided by financing activities 79,225 67,702 (78,354 ) 68,573 Net decrease in cash and cash equivalents (68,873 ) (4,763 ) — (73,636 ) Cash and cash equivalents - beginning of period 105,888 64,741 — 170,629 Cash and cash equivalents - end of period $ 37,015 $ 59,978 $ — $ 96,993 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands): Nine Months Ended September 30, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Cash flows from operating activities Net cash used in operating activities $ (26,882 ) $ (113,547 ) $ — $ (140,429 ) Cash flows from investing activities: Purchases of property and equipment (659 ) (5,409 ) — (6,068 ) Cash acquired in the Merger 53,800 — — 53,800 Proceeds from sale of property and equipment — 22 — 22 Investments in unconsolidated entities — (573 ) — (573 ) Intercompany (850,977 ) — 850,977 — Net cash used in investing activities (797,836 ) (5,960 ) 850,977 47,181 Cash flows from financing activities: Borrowings from debt 50,000 — — 50,000 Debt issuance costs (23,003 ) — — (23,003 ) Proceeds from issuance of senior notes 886,698 — — 886,698 Bridge commitment fee — (10,322 ) — (10,322 ) Changes in debt payable to Weyerhaeuser — (623,589 ) — (623,589 ) Change in book overdrafts — (22,492 ) — (22,492 ) Distributions to Weyerhaeuser — (8,860 ) — (8,860 ) Net proceeds (repayments) of debt held by variable interest entities — 5,120 — 5,120 Distributions to noncontrolling interests — (18,703 ) — (18,703 ) Excess tax benefits of share-based awards — 1,572 — 1,572 Intercompany 850,977 (850,977 ) — Net cash provided by financing activities 913,695 173,703 (850,977 ) 236,421 Net increase in cash and cash equivalents 88,977 54,196 — 143,173 Cash and cash equivalents - beginning of period — 4,510 — 4,510 Cash and cash equivalents - end of period $ 88,977 $ 58,706 $ — $ 147,683 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers

Organization, Basis of Presen27

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 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. Reorganization 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 (“VIEs”) in which the Company is the primary beneficiary. The noncontrolling interests as of September 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. 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 nine months ended September 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.
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 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), Presentation and Subsequent Measurement of Debt Issuance Costs Associated with Line-of-Credit Arrangements
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)	9 Months Ended
	Sep. 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 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
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 September 30, 2014 Nine Months Ended September 30, 2014 Total revenues $ 479,879 $ 1,230,722 Net income $ 21,934 $ 66,902 Earnings per share – basic $ 0.14 $ 0.41 Earnings per share – diluted $ 0.14 $ 0.41

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Sep. 30, 2015
Restructuring Cost And Reserve [Line Items]
Schedule of Restructuring Costs	Restructuring costs were comprised of the following (in thousands): Three Months Ended Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Employee-related costs $ 1,433 $ 6,817 $ 1,568 $ 8,124 Lease termination costs 577 207 1,162 1,078 Total $ 2,010 $ 7,024 $ 2,730 $ 9,202
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 Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Accrued employee-related costs, beginning of period $ 109 $ — $ 3,844 $ 4,336 Current year charges 1,433 5,550 1,568 6,857 Adjustments to pre-existing reserves (83 ) — (83 ) — Payments (1,004 ) (1,576 ) (4,874 ) (7,219 ) Accrued employee-related costs, end of period $ 455 $ 3,974 $ 455 $ 3,974
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 Nine Months Ended September 30, September 30, 2015 2014 2015 2014 Accrued lease termination costs, beginning of period $ 644 $ 2,454 $ 1,394 $ 3,506 Current year charges 577 207 1,162 1,078 Payments (705 ) (902 ) (2,040 ) (2,825 ) Accrued lease termination costs, end of period $ 516 $ 1,759 $ 516 $ 1,759

Segment Information (Tables)

Segment Information (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Total revenues Maracay Homes $ 50,505 $ 37,301 $ 116,556 $ 107,576 Pardee Homes 172,957 134,409 424,680 352,118 Quadrant Homes 48,173 32,919 132,698 96,958 Trendmaker Homes 81,044 69,711 203,235 198,867 TRI Pointe Homes 224,544 123,445 462,136 123,445 Winchester Homes 70,918 80,135 181,611 189,651 Total $ 648,141 $ 477,920 $ 1,520,916 $ 1,068,615 Income (loss) before taxes Maracay Homes $ 3,750 $ 2,212 $ 5,858 $ 8,222 Pardee Homes 39,749 21,787 121,041 47,580 Quadrant Homes 3,982 649 6,329 6,889 Trendmaker Homes 7,496 7,327 17,896 21,529 TRI Pointe Homes 29,556 8,685 55,251 8,685 Winchester Homes 1,726 6,941 8,064 17,978 Corporate (8,469 ) (30,615 ) (26,523 ) (51,760 ) Total $ 77,790 $ 16,986 $ 187,916 $ 59,123 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): September 30, December 31, 2015 2014 Real estate inventories Maracay Homes $ 205,432 $ 153,577 Pardee Homes 1,013,792 924,362 Quadrant Homes 193,374 153,493 Trendmaker Homes 191,803 176,696 TRI Pointe Homes 678,564 613,666 Winchester Homes 293,437 258,389 Total $ 2,576,402 $ 2,280,183 Total assets Maracay Homes $ 221,190 $ 170,932 Pardee Homes 1,080,599 1,000,489 Quadrant Homes 206,986 167,796 Trendmaker Homes 219,869 195,829 TRI Pointe Homes 847,013 781,301 Winchester Homes 312,932 281,547 Corporate 223,224 315,630 Total $ 3,111,813 $ 2,913,524

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Numerator: Net income available to common stockholders $ 50,162 $ 10,965 $ 120,389 $ 42,771 Denominator: Basic weighted-average shares outstanding 161,772,893 158,931,450 161,651,177 139,550,891 Effect of dilutive shares: Stock options and unvested restricted stock units 593,851 227,256 648,105 662,764 Diluted weighted-average shares outstanding 162,366,744 159,158,706 162,299,282 140,213,655 Earnings per share Basic $ 0.31 $ 0.07 $ 0.74 $ 0.31 Diluted $ 0.31 $ 0.07 $ 0.74 $ 0.31 Antidilutive unvested restricted stock units and stock options not included in diluted earnings per share 2,260,532 3,634,614 2,462,268 —

Receivables (Tables)

Receivables (Tables)	9 Months Ended
	Sep. 30, 2015
Receivables [Abstract]
Components of Receivables	Receivables consisted of the following (in thousands): September 30, December 31, 2015 2014 Escrow proceeds and other accounts receivable, net $ 22,128 $ 9,771 Warranty insurance receivable (Note 15) 10,493 10,047 Notes and contracts receivable 300 300 Total receivables $ 32,921 $ 20,118

Real Estate Inventories (Tables

Real Estate Inventories (Tables)	9 Months Ended
	Sep. 30, 2015
Inventory Disclosure [Abstract]
Summary of Real Estate Inventories	Real estate inventories consisted of the following (in thousands): September 30, December 31, 2015 2014 Real estate inventories owned: Homes completed or under construction $ 749,852 $ 461,712 Land under development 1,380,298 1,391,303 Land held for future development 257,610 245,673 Model homes 127,815 103,270 Total real estate inventories owned 2,515,575 2,201,958 Real estate inventories not owned: Land purchase and land option deposits 42,329 44,155 Consolidated inventory held by VIEs 18,498 34,070 Total real estate inventories not owned 60,827 78,225 Total real estate inventories $ 2,576,402 $ 2,280,183
Summary of Interest Incurred, Capitalized and Expensed	Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Interest incurred $ 15,454 $ 15,129 $ 45,779 $ 25,718 Interest capitalized (15,454 ) (14,839 ) (45,779 ) (22,987 ) Interest expensed $ — $ 290 $ — $ 2,731 Capitalized interest in beginning inventory $ 140,106 $ 113,765 $ 124,461 $ 138,233 Interest capitalized as a cost of inventory 15,454 14,839 45,779 22,987 Interest previously capitalized as a cost of inventory, included in cost of sales (13,339 ) (7,835 ) (28,019 ) (40,451 ) Capitalized interest in ending inventory $ 142,221 $ 120,769 $ 142,221 $ 120,769
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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Real estate inventory impairments $ 29 $ 248 $ 1,073 $ 300 Land and lot option abandonments and pre-acquisition costs 336 304 830 824 Total $ 365 $ 552 $ 1,903 $ 1,124

Investments in Unconsolidated34

Investments in Unconsolidated Entities (Tables)	9 Months Ended
	Sep. 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): September 30, December 31, 2015 2014 Limited liability company interests $ 14,079 $ 13,710 General partnership interests 3,261 3,095 Total $ 17,340 $ 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): September 30, December 31, 2015 2014 Assets Cash $ 19,282 $ 17,154 Receivables 12,916 9,550 Real estate inventories 91,712 95,500 Other assets 882 620 Total assets $ 124,792 $ 122,824 Liabilities and equity Accounts payable and other liabilities $ 14,293 $ 10,914 Company’s equity 17,340 16,805 Outside interests’ equity 93,159 95,105 Total liabilities and equity $ 124,792 $ 122,824 Results of operations from unconsolidated entities (in thousands): Three Months Ended September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Net sales $ 1,217 $ 184 $ 2,670 $ 591 Other operating expense (1,479 ) (1,215 ) (4,020 ) (3,372 ) Other income (263 ) 2 (256 ) 16 Net loss $ (525 ) $ (1,029 ) $ (1,606 ) $ (2,765 ) Company’s equity in loss of unconsolidated entities $ (3 ) $ (82 ) $ (84 ) $ (219 )

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	9 Months Ended
	Sep. 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): September 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 $ 4,696 $ 14,140 $ 18,498 $ 8,071 $ 43,432 $ 34,070 Unconsolidated VIEs 8,150 22,781 N/A 13,309 129,637 N/A Other land option agreements 34,179 308,438 N/A 30,846 284,819 N/A Total $ 47,025 $ 345,359 $ 18,498 $ 52,226 $ 457,888 $ 34,070

Goodwill and Other Intangible36

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 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): September 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 (5,120 ) 22,859 27,979 (4,720 ) 23,259 Total $ 167,282 $ (5,120 ) $ 162,162 $ 167,283 $ (4,720 ) $ 162,563
Schedule of Expected Amortization of Intangible Asset	Expected amortization of our intangible asset related to Maracay Homes for the remainder of 2015, the next four years and thereafter is (in thousands): Remainder of 2015 $ 134 2016 534 2017 534 2018 534 2019 534 Thereafter 3,289 Total $ 5,559

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2015
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consisted of the following (in thousands): September 30, December 31, 2015 2014 Prepaid expenses $ 20,989 $ 29,111 Refundable fees and other deposits 16,576 15,581 Development rights, held for future use or sale 6,447 7,409 Deferred loan costs 23,617 23,686 Operating properties and equipment, net 8,869 11,719 Income tax receivable 1,808 10,713 Other 6,210 7,186 Total $ 84,516 $ 105,405

Accrued Expenses and Other Li38

Accrued Expenses and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2015
Payables And Accruals [Abstract]
Schedule Of Accrued Expenses And Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): September 30, December 31, 2015 2014 Accrued payroll and related costs $ 21,544 $ 24,717 Warranty reserves (Note 15) 36,743 33,270 Estimated cost for completion of real estate inventories 62,047 54,437 Customer deposits 19,734 14,229 Debt (nonrecourse) held by VIEs 3,286 9,512 Income tax liability to Weyerhaeuser (Note 18) 8,600 15,659 Liability for uncertain tax positions (Note 17) 16,563 13,797 Accrued interest 13,976 3,059 Accrued insurance expense 1,975 9,180 Other 26,239 32,149 Total $ 210,707 $ 210,009

Senior Notes, Unsecured Revol39

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans (Tables)	9 Months Ended
	Sep. 30, 2015
Debt Disclosure [Abstract]
Schedule of Senior Notes	Senior Notes consisted of the following (in thousands): September 30, December 31, 2015 2014 4.375% Senior Notes due June 15, 2019, net of discount $ 446,186 $ 445,501 5.875% Senior Notes due June 15, 2024, net of discount 442,471 442,001 Total $ 888,657 $ 887,502
Components of Unsecured Revolving Credit Facility	Unsecured revolving credit facility consisted of the following (in thousands): September 30, December 31, 2015 2014 Unsecured revolving credit facility $ 349,392 $ 260,000
Components of Seller Financed Loans	Seller financed loans consisted of the following (in thousands): September 30, December 31, 2015 2014 Seller financed loans $ 7,572 $ 14,677

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 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 September 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): September 30, 2015 December 31, 2014 Hierarchy Book Value Fair Value Book Value Fair Value Receivables (1) Level 3 $ 32,921 $ 32,921 $ 20,118 $ 20,118 Senior Notes (2) Level 2 888,657 878,625 887,502 896,625 Unsecured revolving credit facility (3) Level 3 349,392 349,392 260,000 260,000 Seller financed loans (4) Level 3 7,572 7,572 14,677 14,677 At September 30, 2015 and December 31, 2014, the carrying value of cash and cash equivalents approximated fair value. (1) The book value of our receivables equaled the fair value as of September 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 September 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): Nine Months Ended Year Ended September 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 $ 1,073 $ 20,409 $ 931 $ 20,329

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2015
Commitments And Contingencies Disclosure [Abstract]
Schedule of Warranty Reserves	Warranty reserves consisted of the following (in thousands): Three Months Ended September 30, Nine Months Ended September 2015 2014 2015 2014 Warranty reserves, beginning of period $ 35,375 $ 24,324 $ 33,270 $ 24,449 Warranty reserves accrued 4,201 3,691 10,427 7,455 Liabilities assumed in the Merger — 7,481 — 7,481 Adjustments to pre-existing reserves (14 ) (809 ) 1,286 209 Warranty expenditures (2,819 ) (2,596 ) (8,240 ) (7,503 ) Warranty reserves, end of period $ 36,743 $ 32,091 $ 36,743 $ 32,091

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Total stock-based compensation $ 2,994 $ 3,547 $ 8,536 $ 6,250
Summary of Stock Option Awards	The following table presents a summary of stock option awards for the nine months ended September 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 (171,716 ) 11.54 Forfeited (65,356 ) 14.00 Options outstanding at September 30, 2015 3,230,014 13.12 5.2 — Options exercisable at September 30, 2015 2,791,472 12.42 4.7 1,884
Summary of Restricted Stock Units	The following table presents a summary of restricted stock units (“RSUs”) for the nine months ended September 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 1,580,499 11.59 18,315 Vested (453,685 ) 13.85 Forfeited (66,918 ) 14.56 Nonvested RSUs at September 30, 2015 1,960,443 12.21 25,662

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 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 September 30, Nine Months Ended September 30, 2015 2014 2015 2014 Weyerhaeuser-allocated costs $ — $ — $ — $ 10,735

Supplemental Disclosure to Co44

Supplemental Disclosure to Consolidated Statements of Cash Flow (Tables)	9 Months Ended
	Sep. 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): Nine Months Ended September 30, 2015 2014 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest, net of amounts capitalized $ — $ 1,372 Income taxes $ 44,394 $ 14,962 Supplemental disclosures of noncash activities: Increase in real estate inventory due to distribution of land from an unconsolidated joint venture $ — $ 5,132 Distribution to Weyerhaeuser of excluded assets and liabilities $ — $ 125,019 Amounts owed to Weyerhaeuser related to the tax sharing agreement $ — $ 15,688 Noncash settlement of debt payable to Weyerhaeuser $ — $ 70,082 Accrued liabilities related to the purchase of operating properties and equipment $ 1,877 $ — Amortization of senior note discount $ 1,155 $ — Effect of net consolidation and de-consolidation of variable interest entities: (Decrease) increase in consolidated real estate inventory not owned $ (3,556 ) $ 4,497 Increase in accrued expenses and other liabilities $ 300 $ — Decrease (increase) in noncontrolling interests $ 3,256 $ (4,497 )

Supplemental Guarantor Inform45

Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2015
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	20. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Assets Cash and cash equivalents $ 37,015 $ 59,978 $ — $ 96,993 Receivables 11,225 21,696 — 32,921 Intercompany receivables 872,290 — (872,290 ) — Real estate inventories 675,914 1,900,488 — 2,576,402 Investments in unconsolidated entities — 17,340 — 17,340 Goodwill and other intangible assets, net 162,162 — — 162,162 Investments in subsidiaries 1,045,130 — (1,045,130 ) — Deferred tax assets 23,630 117,849 — 141,479 Other assets 76,629 7,887 — 84,516 Total Assets $ 2,903,995 $ 2,125,238 $ (1,917,420 ) $ 3,111,813 Liabilities Accounts payable $ 14,821 $ 52,926 $ — $ 67,747 Intercompany payables — 872,290 (872,290 ) — Accrued expenses and other liabilities 67,777 142,930 — 210,707 Unsecured revolving credit facility 349,392 — — 349,392 Seller financed loans 7,172 400 — 7,572 Senior notes 888,657 — — 888,657 Total Liabilities 1,327,819 1,068,546 (872,290 ) 1,524,075 Equity Total stockholders’ equity 1,576,176 1,045,130 (1,045,130 ) 1,576,176 Noncontrolling interests — 11,562 — 11,562 Total Equity 1,576,176 1,056,692 (1,045,130 ) 1,587,738 Total Liabilities and Equity $ 2,903,995 $ 2,125,238 $ (1,917,420 ) $ 3,111,813 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): December 31, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) 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 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers
Condensed Consolidating Statement of Operations	20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Three Months Ended September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 224,244 $ 418,108 $ — $ 642,352 Land and lot sales — 4,876 — 4,876 Other operations — 913 — 913 Total revenues 224,244 423,897 — 648,141 Expenses: Cost of home sales 182,754 324,789 — 507,543 Cost of land and lot sales — 3,451 — 3,451 Other operations — 570 — 570 Sales and marketing 7,286 22,752 — 30,038 General and administrative 12,942 13,841 — 26,783 Restructuring charges (83 ) 2,093 — 2,010 Total expenses 202,899 367,496 — 570,395 Income from operations 21,345 56,401 — 77,746 Equity in loss of unconsolidated entities — (3 ) — (3 ) Other income, net (37 ) 84 — 47 Income before taxes 21,308 56,482 — 77,790 Provision for income taxes (9,070 ) (18,951 ) — (28,021 ) Equity of net income of subsidiaries 37,924 — (37,924 ) — Net income 50,162 37,531 (37,924 ) 49,769 Net loss attributable to noncontrolling interests — 393 — 393 Net income available to common stockholders $ 50,162 $ 37,924 $ (37,924 ) $ 50,162 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Three Months Ended September 30, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 123,456 $ 348,345 $ — $ 471,801 Land and lot sales — 5,550 — 5,550 Other operations (11 ) 580 — 569 Total revenues 123,445 354,475 — 477,920 Expenses: Cost of home sales 108,687 276,713 — 385,400 Cost of land and lot sales — 2,317 — 2,317 Other operations — 556 — 556 Sales and marketing 3,956 24,437 — 28,393 General and administrative 7,246 13,705 — 20,951 Restructuring charges — 7,024 — 7,024 Total expenses 119,889 324,752 — 444,641 Income from operations 3,556 29,723 — 33,279 Equity in loss of unconsolidated entities — (82 ) — (82 ) Transaction expenses (6,381 ) (10,329 ) (16,710 ) Other income, net 9 490 — 499 (Loss) income before taxes (2,816 ) 19,802 — 16,986 Benefit (provision) for income taxes 2,032 (8,053 ) — (6,021 ) Equity of net income of subsidiaries 11,749 — (11,749 ) — Net income available to common stockholders $ 10,965 $ 11,749 $ (11,749 ) $ 10,965 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Nine Months Ended September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 461,654 $ 982,201 $ — $ 1,443,855 Land and lot sales — 74,366 — 74,366 Other operations — 2,695 — 2,695 Total revenues 461,654 1,059,262 — 1,520,916 Expenses: Cost of home sales 376,100 773,091 — 1,149,191 Cost of land and lot sales — 17,324 — 17,324 Other operations — 1,724 — 1,724 Sales and marketing 17,714 61,244 — 78,958 General and administrative 38,874 44,387 — 83,261 Restructuring charges (169 ) 2,899 — 2,730 Total expenses 432,519 900,669 — 1,333,188 Income from operations 29,135 158,593 — 187,728 Equity in loss of unconsolidated entities — (84 ) — (84 ) Other (loss) income, net (149 ) 421 — 272 Income before taxes 28,986 158,930 — 187,916 Provision for income taxes (12,285 ) (53,803 ) — (66,088 ) Equity of net income of subsidiaries 103,688 — (103,688 ) — Net income 120,389 105,127 (103,688 ) 121,828 Net income attributable to noncontrolling interests — (1,439 ) — (1,439 ) Net income available to common stockholders $ 120,389 $ 103,688 $ (103,688 ) $ 120,389 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Nine Months Ended September 30, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Revenues: Home sales $ 123,456 $ 899,856 $ — $ 1,023,312 Land and lot sales — 36,449 — 36,449 Other operations (11 ) 8,865 — 8,854 Total revenues 123,445 945,170 — 1,068,615 Expenses: Cost of home sales 108,687 710,690 — 819,377 Cost of land and lot sales — 30,245 — 30,245 Other operations — 2,755 — 2,755 Sales and marketing 3,956 69,140 — 73,096 General and administrative 7,246 49,894 — 57,140 Restructuring charges — 9,202 — 9,202 Total expenses 119,889 871,926 — 991,815 Income from operations 3,556 73,244 — 76,800 Equity in loss of unconsolidated entities — (219 ) — (219 ) Transaction expenses (6,381 ) (10,835 ) (17,216 ) Other income (loss), net 9 (251 ) — (242 ) (Loss) income before taxes (2,816 ) 61,939 — 59,123 Benefit (provision) for income taxes 2,032 (18,384 ) — (16,352 ) Equity of net income of subsidiaries 43,555 — (43,555 ) — Net income available to common stockholders $ 42,771 $ 43,555 $ (43,555 ) $ 42,771 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers
Condensed Consolidating Statement of Cash Flows	20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands): Nine Months Ended September 30, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Cash flows from operating activities Net cash used in operating activities $ (69,362 ) $ (70,649 ) $ — $ (140,011 ) Cash flows from investing activities: Purchases of property and equipment (382 ) (677 ) — (1,059 ) Investments in unconsolidated entities — (1,458 ) — (1,458 ) Distributions from unconsolidated entities — 319 — 319 Intercompany (78,354 ) — 78,354 — Net cash used in investing activities (78,736 ) (1,816 ) 78,354 (2,198 ) Cash flows from financing activities: Borrowings from debt 140,000 — — 140,000 Repayment of debt (57,513 ) (200 ) — (57,713 ) Debt issuance costs (2,688 ) — — (2,688 ) Net proceeds (repayments) of debt held by variable interest entities — (5,927 ) — (5,927 ) Contributions from noncontrolling interests — 4,281 — 4,281 Distributions to noncontrolling interests — (9,198 ) — (9,198 ) Proceeds from issuance of common stock under share-based awards 1,616 — — 1,616 Excess tax benefits of share-based awards — 392 — 392 Minimum tax withholding paid on behalf of employees for restricted stock units (2,190 ) — — (2,190 ) Intercompany — 78,354 (78,354 ) — Net cash provided by financing activities 79,225 67,702 (78,354 ) 68,573 Net decrease in cash and cash equivalents (68,873 ) (4,763 ) — (73,636 ) Cash and cash equivalents - beginning of period 105,888 64,741 — 170,629 Cash and cash equivalents - end of period $ 37,015 $ 59,978 $ — $ 96,993 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers 20. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands): Nine Months Ended September 30, 2014 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Homes, Inc. (unaudited) (unaudited) (unaudited) (unaudited) Cash flows from operating activities Net cash used in operating activities $ (26,882 ) $ (113,547 ) $ — $ (140,429 ) Cash flows from investing activities: Purchases of property and equipment (659 ) (5,409 ) — (6,068 ) Cash acquired in the Merger 53,800 — — 53,800 Proceeds from sale of property and equipment — 22 — 22 Investments in unconsolidated entities — (573 ) — (573 ) Intercompany (850,977 ) — 850,977 — Net cash used in investing activities (797,836 ) (5,960 ) 850,977 47,181 Cash flows from financing activities: Borrowings from debt 50,000 — — 50,000 Debt issuance costs (23,003 ) — — (23,003 ) Proceeds from issuance of senior notes 886,698 — — 886,698 Bridge commitment fee — (10,322 ) — (10,322 ) Changes in debt payable to Weyerhaeuser — (623,589 ) — (623,589 ) Change in book overdrafts — (22,492 ) — (22,492 ) Distributions to Weyerhaeuser — (8,860 ) — (8,860 ) Net proceeds (repayments) of debt held by variable interest entities — 5,120 — 5,120 Distributions to noncontrolling interests — (18,703 ) — (18,703 ) Excess tax benefits of share-based awards — 1,572 — 1,572 Intercompany 850,977 (850,977 ) — Net cash provided by financing activities 913,695 173,703 (850,977 ) 236,421 Net increase in cash and cash equivalents 88,977 54,196 — 143,173 Cash and cash equivalents - beginning of period — 4,510 — 4,510 Cash and cash equivalents - end of period $ 88,977 $ 58,706 $ — $ 147,683 (1) References to “Issuer” in Note 20, Supplemental Guarantor Information a. for periods prior to July 7, 2015: TRI Pointe Homes only b. for periods from and after July 7, 2015: TRI Pointe Homes and TRI Pointe Group as co-issuers

Organization, Basis of Presen46

Organization, Basis of Presentation and Summary of Significant Accounting Policies - Additional Information (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Jul. 07, 2014	Dec. 31, 2013
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, shares issued	161,813,750	161,355,490
Common stock, shares outstanding	161,813,750	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	$ (23,617)	$ (23,686)
Senior Notes [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	(21,200)
Adjustments for New Accounting Principle Early Adoption [Member] | Other Assets [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	23,600	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	2,400
Adjustments for New Accounting Principle Early Adoption [Member] | Senior Notes [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Deferred loan cost	$ 21,200	$ 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)	Jul. 07, 2014USD ($)shares	Jun. 13, 2014USD ($)Deposit	Sep. 30, 2015USD ($)shares	Dec. 31, 2014shares
Business Acquisition [Line Items]
Common stock, shares issued | shares			161,813,750	161,355,490
Proceeds from issuance of senior notes		$ 861,300,000
Number of escrow accounts | Deposit		2
Trade names [Member]
Business Acquisition [Line Items]
Acquisition related to trade names			$ 17,300,000
4.375% Senior notes due 2019 [Member]
Business Acquisition [Line Items]
Aggregate principal amount			$ 450,000,000
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			$ 450,000,000
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	$ 31,500,000
Cash payment to former direct parent		$ 743,700,000
Acquisition related to trade names			$ 17,300,000
WRECO Transaction [Member] | Transaction Agreement [Member]
Business Acquisition [Line Items]
Cash payment to former direct parent		739,000,000
WRECO Transaction [Member] | Unpaid Interest [Member]
Business Acquisition [Line Items]
Cash payment to former direct parent		$ 4,700,000
TRI Pointe [Member]
Business Acquisition [Line Items]
Common stock, shares issued | shares			129,700,000
Cash retained by the Company			$ 117,600,000
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	9 Months Ended
	Sep. 30, 2015	Dec. 31, 2014	Jul. 07, 2014
Calculation of consideration transferred
TRI Pointe shares outstanding	161,813,750	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	9 Months Ended
	Sep. 30, 2014	Sep. 30, 2014
Business Combinations [Abstract]
Total revenues	$ 479,879	$ 1,230,722
Net income	$ 21,934	$ 66,902
Earnings per share – basic	$ 0.14	$ 0.41
Earnings per share – diluted	$ 0.14	$ 0.41

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Costs (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring And Related Activities [Abstract]
Employee-related costs	$ 1,433	$ 6,817	$ 1,568	$ 8,124
Lease termination costs	577	207	1,162	1,078
Total	$ 2,010	$ 7,024	$ 2,730	$ 9,202

Restructuring - Schedule of Cha

Restructuring - Schedule of Changes in Employee Related Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost And Reserve [Line Items]
Current year charges	$ 2,010	$ 7,024	$ 2,730	$ 9,202
Employee-Related Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Accrued costs, beginning of period	109		3,844	4,336
Current year charges	1,433	5,550	1,568	6,857
Adjustments to pre-existing reserves	(83)		(83)
Payments	(1,004)	(1,576)	(4,874)	(7,219)
Accrued costs, end of period	$ 455	$ 3,974	$ 455	$ 3,974

Restructuring - Schedule of C52

Restructuring - Schedule of Changes in Lease Termination Related Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Restructuring Cost And Reserve [Line Items]
Current year charges	$ 2,010	$ 7,024	$ 2,730	$ 9,202
Lease Termination Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Accrued costs, beginning of period	644	2,454	1,394	3,506
Current year charges	577	207	1,162	1,078
Payments	(705)	(902)	(2,040)	(2,825)
Accrued costs, end of period	$ 516	$ 1,759	$ 516	$ 1,759

Segment Information - Additiona

Segment Information - Additional Information (Detail)	9 Months Ended
	Sep. 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Segment Reporting Information [Line Items]
Total revenues	$ 648,141	$ 477,920	$ 1,520,916	$ 1,068,615
Income before taxes	77,790	16,986	187,916	59,123
Real estate inventories	2,576,402		2,576,402		$ 2,280,183
Total assets	3,111,813		3,111,813		2,913,524
Operating segments [Member] | Maracay Homes [Member]
Segment Reporting Information [Line Items]
Total revenues	50,505	37,301	116,556	107,576
Income before taxes	3,750	2,212	5,858	8,222
Real estate inventories	205,432		205,432		153,577
Total assets	221,190		221,190		170,932
Operating segments [Member] | Pardee Homes [Member]
Segment Reporting Information [Line Items]
Total revenues	172,957	134,409	424,680	352,118
Income before taxes	39,749	21,787	121,041	47,580
Real estate inventories	1,013,792		1,013,792		924,362
Total assets	1,080,599		1,080,599		1,000,489
Operating segments [Member] | Quadrant Homes [Member]
Segment Reporting Information [Line Items]
Total revenues	48,173	32,919	132,698	96,958
Income before taxes	3,982	649	6,329	6,889
Real estate inventories	193,374		193,374		153,493
Total assets	206,986		206,986		167,796
Operating segments [Member] | Trendmaker Homes [Member]
Segment Reporting Information [Line Items]
Total revenues	81,044	69,711	203,235	198,867
Income before taxes	7,496	7,327	17,896	21,529
Real estate inventories	191,803		191,803		176,696
Total assets	219,869		219,869		195,829
Operating segments [Member] | TRI Pointe Homes [Member]
Segment Reporting Information [Line Items]
Total revenues	224,544	123,445	462,136	123,445
Income before taxes	29,556	8,685	55,251	8,685
Real estate inventories	678,564		678,564		613,666
Total assets	847,013		847,013		781,301
Operating segments [Member] | Winchester Homes [Member]
Segment Reporting Information [Line Items]
Total revenues	70,918	80,135	181,611	189,651
Income before taxes	1,726	6,941	8,064	17,978
Real estate inventories	293,437		293,437		258,389
Total assets	312,932		312,932		281,547
Corporate [Member]
Segment Reporting Information [Line Items]
Income before taxes	(8,469)	$ (30,615)	(26,523)	$ (51,760)
Total assets	$ 223,224		$ 223,224		$ 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Numerator:
Net income available to common stockholders	$ 50,162	$ 10,965	$ 120,389	$ 42,771
Denominator:
Basic weighted-average shares outstanding	161,772,893	158,931,450	161,651,177	139,550,891
Effect of dilutive shares:
Stock options and unvested restricted stock units	593,851	227,256	648,105	662,764
Diluted weighted-average shares outstanding	162,366,744	159,158,706	162,299,282	140,213,655
Earnings per share
Basic	$ 0.31	$ 0.07	$ 0.74	$ 0.31
Diluted	$ 0.31	$ 0.07	$ 0.74	$ 0.31
Antidilutive unvested restricted stock units and stock options not included in diluted earnings per share	2,260,532	3,634,614	2,462,268

Receivables - Components of Rec

Receivables - Components of Receivables (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Receivables [Abstract]
Escrow proceeds and other accounts receivable, net	$ 22,128	$ 9,771
Warranty insurance receivable (Note 15)	10,493	10,047
Notes and contracts receivable	300	300
Total receivables	$ 32,921	$ 20,118

Real Estate Inventories - Summa

Real Estate Inventories - Summary of Real Estate Inventories (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Real estate inventories owned:
Homes completed or under construction	$ 749,852	$ 461,712
Land under development	1,380,298	1,391,303
Land held for future development	257,610	245,673
Model homes	127,815	103,270
Total real estate inventories owned	2,515,575	2,201,958
Real estate inventories not owned:
Land purchase and land option deposits	42,329	44,155
Consolidated inventory held by VIEs	18,498	34,070
Total real estate inventories not owned	60,827	78,225
Total real estate inventories	$ 2,576,402	$ 2,280,183

Real Estate Inventories - Addit

Real Estate Inventories - Additional Information (Detail) $ in Millions	9 Months Ended
	Sep. 30, 2015USD ($)	Jun. 30, 2015a
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest incurred	$ 15,454	$ 15,129	$ 45,779	$ 25,718
Interest capitalized	(15,454)	(14,839)	(45,779)	(22,987)
Interest expensed		290		2,731
Capitalized interest in beginning inventory	140,106	113,765	124,461	138,233
Interest capitalized as a cost of inventory	15,454	14,839	45,779	22,987
Interest previously capitalized as a cost of inventory, included in cost of sales	(13,339)	(7,835)	(28,019)	(40,451)
Capitalized interest in ending inventory	$ 142,221	$ 120,769	$ 142,221	$ 120,769

Real Estate Inventories - Sched

Real Estate Inventories - Schedule of Real Estate Inventory Impairments and Land Option Abandonments (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Real Estate [Abstract]
Real estate inventory impairments	$ 29	$ 248	$ 1,073	$ 300
Land and lot option abandonments and pre-acquisition costs	336	304	830	824
Real estate inventory impairments and land option abandonments, Total	$ 365	$ 552	$ 1,903	$ 1,124

Investments in Unconsolidated61

Investments in Unconsolidated Entities - Additional Information (Detail)	9 Months Ended
	Sep. 30, 2015Investment
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	Sep. 30, 2015	Dec. 31, 2014
Schedule of Investments [Line Items]
Investments in unconsolidated entities	$ 17,340	$ 16,805
Limited Liability Company Interests [Member]
Schedule of Investments [Line Items]
Investments in unconsolidated entities	14,079	13,710
General Partnership Interests [Member]
Schedule of Investments [Line Items]
Investments in unconsolidated entities	$ 3,261	$ 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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Assets
Total assets	$ 124,792		$ 124,792		$ 122,824
Liabilities and equity
Accounts payable and other liabilities	14,293		14,293		10,914
Company’s equity	17,340		17,340		16,805
Outside interests’ equity	93,159		93,159		95,105
Total liabilities and equity	124,792		124,792		122,824
Net sales	1,217	$ 184	2,670	$ 591
Other operating expense	(1,479)	(1,215)	(4,020)	(3,372)
Other income	(263)	2	(256)	16
Net loss	(525)	(1,029)	(1,606)	(2,765)
Company’s equity in loss of unconsolidated entities	(3)	$ (82)	(84)	$ (219)
Cash [Member]
Assets
Total assets	19,282		19,282		17,154
Receivables [Member]
Assets
Total assets	12,916		12,916		9,550
Real Estate Inventories [Member]
Assets
Total assets	91,712		91,712		95,500
Other Assets [Member]
Assets
Total assets	$ 882		$ 882		$ 620

Variable Interest Entities - Su

Variable Interest Entities - Summary of Interests in Land Option Agreements (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Variable Interest Entity [Line Items]
Deposits	$ 47,025	$ 52,226
Remaining Purchase Price	345,359	457,888
Consolidated inventory held by VIEs	18,498	34,070
Consolidated VIEs [Member]
Variable Interest Entity [Line Items]
Deposits	4,696	8,071
Remaining Purchase Price	14,140	43,432
Consolidated inventory held by VIEs	18,498	34,070
Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Deposits	8,150	13,309
Remaining Purchase Price	22,781	129,637
Other land option agreements [Member]
Variable Interest Entity [Line Items]
Deposits	34,179	30,846
Remaining Purchase Price	$ 308,438	$ 284,819

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions	Sep. 30, 2015	Dec. 31, 2014
Other land option agreements [Member]
Variable Interest Entity [Line Items]
Capitalized pre-acquisition costs	$ 4.6	$ 5.3

Goodwill and Other Intangible66

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015USD ($)Assets	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)Assets	Sep. 30, 2014USD ($)	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 4 months 24 days				11 years 2 months 12 days
Amortization expense	$ 134	$ 134	400	$ 400
Maracay Homes [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	Sep. 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	(5,120)	(4,720)
Net Carrying Amount	162,162	162,563
Trade names, Net Carrying Amount	$ 22,859	$ 23,259

Goodwill and Other Intangible68

Goodwill and Other Intangible Assets - Schedule of Expected Amortization of Intangible Asset (Detail) $ in Thousands	Sep. 30, 2015USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2015	$ 134
2,016	534
2,017	534
2,018	534
2,019	534
Thereafter	3,289
Total	$ 5,559

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid expenses	$ 20,989	$ 29,111
Refundable fees and other deposits	16,576	15,581
Development rights, held for future use or sale	6,447	7,409
Deferred loan costs	23,617	23,686
Operating properties and equipment, net	8,869	11,719
Income tax receivable	1,808	10,713
Other	6,210	7,186
Other assets, total	$ 84,516	$ 105,405

Accrued Expenses and Other Li70

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Jun. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Jun. 30, 2014	Dec. 31, 2013
Payables And Accruals [Abstract]
Accrued payroll and related costs	$ 21,544		$ 24,717
Warranty reserves (Note 15)	36,743	$ 35,375	33,270	$ 32,091	$ 24,324	$ 24,449
Estimated cost for completion of real estate inventories	62,047		54,437
Customer deposits	19,734		14,229
Debt (nonrecourse) held by VIEs	3,286		9,512
Income tax liability to Weyerhaeuser (Note 18)	8,600		15,659
Liability for uncertain tax positions (Note 17)	16,563		13,797
Accrued interest	13,976		3,059
Accrued insurance expense	1,975		9,180
Other	26,239		32,149
Total	$ 210,707		$ 210,009

Senior Notes, Unsecured Revol71

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Schedule of Senior Notes (Detail) - USD ($) $ in Thousands	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Senior notes, net of discount	$ 888,657	$ 887,502
4.375% Senior notes due 2019 [Member]
Debt Instrument [Line Items]
Senior notes, net of discount	446,186	445,501
5.875% Senior notes due 2024 [Member]
Debt Instrument [Line Items]
Senior notes, net of discount	$ 442,471	$ 442,001

Senior Notes, Unsecured Revol72

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Schedule of Senior Notes (Parenthetical) (Detail)	9 Months Ended	12 Months Ended
	Sep. 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 ($)Deposit	Sep. 30, 2015USD ($)	Sep. 30, 2014USD ($)	Sep. 30, 2015USD ($)	Sep. 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		$ 23,617,000		$ 23,617,000		$ 23,686,000
Accrued interest		13,976,000		13,976,000		3,059,000
Notes payable and other borrowings		349,392,000		349,392,000		260,000,000
Outstanding letters of credit		8,200,000		8,200,000
Outstanding seller financed loans		7,572,000		7,572,000		14,677,000
Interest incurred		15,454,000	$ 15,129,000	45,779,000	$ 25,718,000
Interest capitalized		15,454,000	14,839,000	45,779,000	22,987,000
Notes payable [Member]
Debt Instrument [Line Items]
Amortization of deferred financing costs		1,500,000	$ 1,000,000	3,900,000	$ 1,100,000
Senior Notes [Member]
Debt Instrument [Line Items]
Principal payment on Senior Notes				0
Capitalization of deferred finance costs		21,200,000		21,200,000
Accrued interest		13,500,000		13,500,000		1,900,000
Seller financed loan [Member]
Debt Instrument [Line Items]
Accrued interest		122,000		122,000		$ 517,000
Outstanding seller financed loans		$ 7,600,000		$ 7,600,000
Interest rate on seller financed loan		6.95%		6.95%
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		$ 2,400,000		$ 2,400,000
Accrued interest		376,000		376,000		$ 620,000
Unsecured revolving credit facility		550,000,000		$ 550,000,000			$ 550,000,000
Line of credit facility, maturity date				May 18, 2019
Notes payable and other borrowings		349,392,000		$ 349,392,000		$ 260,000,000
Interest rate on revolving credit facility				2.16%
Available secured revolving credit facility		192,400,000		$ 192,400,000
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	Sep. 30, 2015	Dec. 31, 2014
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 349,392	$ 260,000
550 million revolving credit facility [Member]
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 349,392	$ 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	Sep. 30, 2015	Dec. 31, 2014
Debt Disclosure [Abstract]
Seller financed loans	$ 7,572	$ 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		Sep. 30, 2015	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Receivables		$ 32,921	$ 20,118
Senior notes		888,657	887,502
Unsecured revolving credit facility		349,392	260,000
Seller financed loans		7,572	14,677
Seller financed loan [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Seller financed loans		7,600
Level 3 [Member] | Recurring [Member] | Book Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Receivables	[1]	32,921	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]
Seller financed loans	[2]	7,572	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]	32,921	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]
Seller financed loans	[2]	7,572	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]
Unsecured revolving credit facility	[3]	349,392	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]
Unsecured revolving credit facility	[3]	349,392	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]	888,657	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]	$ 878,625	$ 896,625
[1]	The book value of our receivables equaled the fair value as of September 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 September 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		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventories, impairment charge	$ 29	$ 248	$ 1,073	$ 300
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			1,073		$ 931
Real estate inventories, fair value net of impairment	$ 20,409		$ 20,409		$ 20,329

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Sep. 30, 2015	Dec. 31, 2014
Commitment And Contingencies [Line Items]
Outstanding warranty insurance receivables	$ 10,493,000	$ 10,047,000
Surety bonds [Member]
Commitment And Contingencies [Line Items]
Outstanding surety bonds	422,300,000	355,200,000
Legal Reserve
Commitment And Contingencies [Line Items]
Legal reserves	$ 468,000	$ 273,000

Commitments and Contingencies79

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserves, beginning of period	$ 35,375	$ 24,324	$ 33,270	$ 24,449
Warranty reserves accrued	4,201	3,691	10,427	7,455
Liabilities assumed in the Merger		7,481		7,481
Adjustments to pre-existing reserves	(14)	(809)	1,286	209
Warranty expenditures	(2,819)	(2,596)	(8,240)	(7,503)
Warranty reserves, end of period	$ 36,743	$ 32,091	$ 36,743	$ 32,091

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	Aug. 12, 2015$ / sharesshares	Mar. 09, 2015$ / sharesshares	Mar. 05, 2015$ / sharesshares	Jul. 16, 2014shares	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock based compensation related to all stock-based awards | $					$ 19.2
Weighted average period, expense to recognize					1 year 10 months 24 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted					1,580,499
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
Restricted Stock Units (RSUs) [Member] | Board of Directors [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted	69,008
Closing stock price on date of grant | $ / shares	$ 14.49
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					9,563,491
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		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Total stock-based compensation	$ 2,994	$ 3,547	$ 8,536	$ 6,250

Stock-Based Compensation - Su82

Stock-Based Compensation - Summary of Stock Option Awards (Detail) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2015	Dec. 31, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding, Balance	3,467,086
Options, Granted	0
Options, Exercised	(171,716)
Options, Forfeited	(65,356)
Options, Outstanding, Balance	3,230,014	3,467,086
Options exercisable at September 30, 2015	2,791,472
Weighted Average Exercise Price, Outstanding, Balance	$ 13.05
Weighted Average Exercise Price, Exercised	11.54
Weighted Average Exercise Price, Forfeited	14
Weighted Average Exercise Price, Outstanding, Balance	13.12	$ 13.05
Weighted Average Exercise Price, Options exercisable at September 30, 2015	$ 12.42
Weighted Average Remaining Contractual Life, Outstanding	5 years 2 months 12 days	6 years
Weighted Average Remaining Contractual Life, Options exercisable at September 30, 2015	4 years 8 months 12 days
Aggregate Intrinsic Value, Outstanding, Balance		$ 7,642
Aggregate Intrinsic Value, Outstanding, Options exercisable at September 30, 2015	$ 1,884

Stock-Based Compensation - Su83

Stock-Based Compensation - Summary of Restricted Stock Units (Detail) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, $ in Thousands	9 Months Ended
	Sep. 30, 2015USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Restricted Stock Units, Beginning Balance	900,547
Nonvested Restricted Stock Units, Granted	1,580,499
Nonvested Restricted Stock Units, Vested	(453,685)
Nonvested Restricted Stock Units, Forfeited	(66,918)
Nonvested Restricted Stock Units, Ending Balance	1,960,443
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 15.62
Weighted Average Grant Date Fair Value, Granted | $ / shares	11.59
Weighted Average Grant Date Fair Value, Vested | $ / shares	13.85
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	14.56
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 12.21
Aggregate Intrinsic Value, Beginning Balance | $	$ 13,461
Aggregate Intrinsic Value, Granted | $	18,315
Aggregate Intrinsic Value, Ending Balance | $	$ 25,662

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Net deferred tax assets	$ 141,479		$ 141,479		$ 157,821
Valuation allowance related to net deferred tax assets	4,300		4,300		6,200
Provision for income taxes	(28,021)	$ (6,021)	(66,088)	$ (16,352)
Liability for uncertain tax positions	$ 16,563		$ 16,563		$ 13,797

Related Party Transactions - Sc

Related Party Transactions - Schedule of Allocated Corporate General and Administrative Expenses (Detail) $ in Thousands	9 Months Ended
	Sep. 30, 2014USD ($)
Weyerhaeuser [Member]
Related Party Transaction [Line Items]
General and administrative	$ 10,735

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) $ in Thousands	1 Months Ended
	Jan. 31, 2015USD ($)Lot	Sep. 30, 2015USD ($)	Dec. 31, 2014USD ($)
Related Party Transaction [Line Items]
Income tax liability to Weyerhaeuser		$ 8,600	$ 15,659
Weyerhaeuser [Member] | Accrued Expenses and Other Liabilities [Member]
Related Party Transaction [Line Items]
Income tax liability to Weyerhaeuser		$ 8,600	$ 15,659
Starwood Capital Group [Member]
Related Party Transaction [Line Items]
Number of lots acquired | Lot	46
Payment for acquiring lots	$ 2,800

Supplemental Disclosure to Co87

Supplemental Disclosure to Consolidated Statements of Cash Flow - Supplemental Disclosure to Consolidated Statements of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Supplemental disclosure of cash flow information:
Interest, net of amounts capitalized		$ 1,372
Income taxes	$ 44,394	14,962
Supplemental disclosures of noncash activities:
Increase in real estate inventory due to distribution of land from an unconsolidated joint venture		5,132
Distribution to Weyerhaeuser of excluded assets and liabilities		125,019
Amounts owed to Weyerhaeuser related to the tax sharing agreement		15,688
Noncash settlement of debt payable to Weyerhaeuser		70,082
Accrued liabilities related to the purchase of operating properties and equipment	1,877
Amortization of senior note discount	1,155
Effect of net consolidation and de-consolidation of variable interest entities:
(Decrease) increase in consolidated real estate inventory not owned	(3,556)	4,497
Increase in accrued expenses and other liabilities	300
Decrease (increase) in noncontrolling interests	$ 3,256	$ (4,497)

Supplemental Guarantor Inform88

Supplemental Guarantor Information - Additional Information (Detail) - USD ($)	Sep. 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	Sep. 30, 2015	Dec. 31, 2014	Sep. 30, 2014	Dec. 31, 2013
Assets
Cash and cash equivalents	$ 96,993	$ 170,629	$ 147,683	$ 4,510
Receivables	32,921	20,118
Real estate inventories	2,576,402	2,280,183
Investments in unconsolidated entities	17,340	16,805
Goodwill and other intangible assets, net	162,162	162,563
Deferred tax assets	141,479	157,821
Other assets	84,516	105,405
Total assets	3,111,813	2,913,524
Liabilities
Accounts payable	67,747	68,860
Accrued expenses and other liabilities	210,707	210,009
Notes payable and other borrowings	349,392	260,000
Seller financed loans	7,572	14,677
Senior notes	888,657	887,502
Total liabilities	1,524,075	1,441,048
Equity
Total stockholders’ equity	1,576,176	1,454,180
Noncontrolling interests	11,562	18,296
Total equity	1,587,738	1,472,476		825,517
Total liabilities and equity	3,111,813	2,913,524
Reporting Entity [Member] | Issuer [Member]
Assets
Cash and cash equivalents	37,015	105,888	88,977
Receivables	11,225	5,050
Intercompany receivables	872,290	797,480
Real estate inventories	675,914	613,665
Goodwill and other intangible assets, net	162,162	156,603
Investments in subsidiaries	1,045,130	941,397
Deferred tax assets	23,630	23,630
Other assets	76,629	55,199
Total assets	2,903,995	2,698,912
Liabilities
Accounts payable	14,821	25,800
Accrued expenses and other liabilities	67,777	57,353
Notes payable and other borrowings	349,392	260,000
Seller financed loans	7,172	14,077
Senior notes	888,657	887,502
Total liabilities	1,327,819	1,244,732
Equity
Total stockholders’ equity	1,576,176	1,454,180
Total equity	1,576,176	1,454,180
Total liabilities and equity	2,903,995	2,698,912
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	59,978	64,741	$ 58,706	$ 4,510
Receivables	21,696	15,068
Real estate inventories	1,900,488	1,666,518
Investments in unconsolidated entities	17,340	16,805
Goodwill and other intangible assets, net		5,960
Deferred tax assets	117,849	134,191
Other assets	7,887	50,206
Total assets	2,125,238	1,953,489
Liabilities
Accounts payable	52,926	43,060
Intercompany payables	872,290	797,480
Accrued expenses and other liabilities	142,930	152,656
Seller financed loans	400	600
Total liabilities	1,068,546	993,796
Equity
Total stockholders’ equity	1,045,130	941,397
Noncontrolling interests	11,562	18,296
Total equity	1,056,692	959,693
Total liabilities and equity	2,125,238	1,953,489
Consolidating Adjustments [Member]
Assets
Intercompany receivables	(872,290)	(797,480)
Investments in subsidiaries	(1,045,130)	(941,397)
Total assets	(1,917,420)	(1,738,877)
Liabilities
Intercompany payables	(872,290)	(797,480)
Total liabilities	(872,290)	(797,480)
Equity
Total stockholders’ equity	(1,045,130)	(941,397)
Total equity	(1,045,130)	(941,397)
Total liabilities and equity	$ (1,917,420)	$ (1,738,877)

Supplemental Guarantor Inform90

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 30, 2015	Sep. 30, 2014	Sep. 30, 2015	Sep. 30, 2014	Dec. 31, 2014
Revenues:
Home sales	$ 642,352	$ 471,801	$ 1,443,855	$ 1,023,312
Land and lot sales	4,876	5,550	74,366	36,449
Other operations	913	569	2,695	8,854
Total revenues	648,141	477,920	1,520,916	1,068,615
Expenses:
Cost of home sales	507,543	385,400	1,149,191	819,377
Cost of land and lot sales	3,451	2,317	17,324	30,245
Other operations	570	556	1,724	2,755
Sales and marketing	30,038	28,393	78,958	73,096
General and administrative	26,783	20,951	83,261	57,140
Restructuring charges	2,010	7,024	2,730	9,202
Total expenses	570,395	444,641	1,333,188	991,815
Income from operations	77,746	33,279	187,728	76,800
Equity in loss of unconsolidated entities	(3)	(82)	(84)	(219)
Transaction expenses		(16,710)		(17,216)
Other income (loss), net	47	499	272	(242)
Income before taxes	77,790	16,986	187,916	59,123
Provision for income taxes	(28,021)	(6,021)	(66,088)	(16,352)
Net income	49,769	10,965	121,828	42,771	$ 84,197
Net (income) loss attributable to noncontrolling interests	393		(1,439)
Net income available to common stockholders	50,162	10,965	120,389	42,771
Reporting Entity [Member] | Issuer [Member]
Revenues:
Home sales	224,244	123,456	461,654	123,456
Other operations		(11)		(11)
Total revenues	224,244	123,445	461,654	123,445
Expenses:
Cost of home sales	182,754	108,687	376,100	108,687
Sales and marketing	7,286	3,956	17,714	3,956
General and administrative	12,942	7,246	38,874	7,246
Restructuring charges	(83)		(169)
Total expenses	202,899	119,889	432,519	119,889
Income from operations	21,345	3,556	29,135	3,556
Transaction expenses		(6,381)		(6,381)
Other income (loss), net	(37)	9	(149)	9
Income before taxes	21,308	(2,816)	28,986	(2,816)
Provision for income taxes	(9,070)	2,032	(12,285)	2,032
Equity of net income of subsidiaries	37,924	11,749	103,688	43,555
Net income	50,162		120,389
Net income available to common stockholders	50,162	10,965	120,389	42,771
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Revenues:
Home sales	418,108	348,345	982,201	899,856
Land and lot sales	4,876	5,550	74,366	36,449
Other operations	913	580	2,695	8,865
Total revenues	423,897	354,475	1,059,262	945,170
Expenses:
Cost of home sales	324,789	276,713	773,091	710,690
Cost of land and lot sales	3,451	2,317	17,324	30,245
Other operations	570	556	1,724	2,755
Sales and marketing	22,752	24,437	61,244	69,140
General and administrative	13,841	13,705	44,387	49,894
Restructuring charges	2,093	7,024	2,899	9,202
Total expenses	367,496	324,752	900,669	871,926
Income from operations	56,401	29,723	158,593	73,244
Equity in loss of unconsolidated entities	(3)	(82)	(84)	(219)
Transaction expenses		(10,329)		(10,835)
Other income (loss), net	84	490	421	(251)
Income before taxes	56,482	19,802	158,930	61,939
Provision for income taxes	(18,951)	(8,053)	(53,803)	(18,384)
Net income	37,531		105,127
Net (income) loss attributable to noncontrolling interests	393		(1,439)
Net income available to common stockholders	37,924	11,749	103,688	43,555
Consolidating Adjustments [Member]
Expenses:
Equity of net income of subsidiaries	(37,924)	(11,749)	(103,688)	(43,555)
Net income	(37,924)		(103,688)
Net income available to common stockholders	$ (37,924)	$ (11,749)	$ (103,688)	$ (43,555)

Supplemental Guarantor Inform91

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Cash flows from operating activities
Net cash used in operating activities	$ (140,011)	$ (140,429)
Cash flows from investing activities:
Purchases of property and equipment	(1,059)	(6,068)
Cash acquired in the Merger		53,800
Proceeds from sale of property and equipment		22
Investments in unconsolidated entities	(1,458)	(573)
Distributions from unconsolidated entities	319
Net cash (used in) provided by investing activities	(2,198)	47,181
Cash flows from financing activities:
Borrowings from debt	140,000	50,000
Repayment of debt	(57,713)
Debt issuance costs	(2,688)	(23,003)
Proceeds from issuance of senior notes		886,698
Bridge commitment fee		(10,322)
Changes in debt payable to Weyerhaeuser		(623,589)
Change in book overdrafts		(22,492)
Distributions to Weyerhaeuser		(8,860)
Net proceeds (repayments) of debt held by variable interest entities	(5,927)	5,120
Contributions from noncontrolling interests	4,281
Distributions to noncontrolling interests	(9,198)	(18,703)
Proceeds from issuance of common stock under share-based awards	1,616
Excess tax benefits of share-based awards	392	1,572
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)
Net cash provided by financing activities	68,573	236,421
Net (decrease) increase in cash and cash equivalents	(73,636)	143,173
Cash and cash equivalents - beginning of period	170,629	4,510
Cash and cash equivalents - end of period	96,993	147,683
Reporting Entity [Member] | Issuer [Member]
Cash flows from operating activities
Net cash used in operating activities	(69,362)	(26,882)
Cash flows from investing activities:
Purchases of property and equipment	(382)	(659)
Cash acquired in the Merger		53,800
Intercompany	(78,354)	(850,977)
Net cash (used in) provided by investing activities	(78,736)	(797,836)
Cash flows from financing activities:
Borrowings from debt	140,000	50,000
Repayment of debt	(57,513)
Debt issuance costs	(2,688)	(23,003)
Proceeds from issuance of senior notes		886,698
Proceeds from issuance of common stock under share-based awards	1,616
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)
Net cash provided by financing activities	79,225	913,695
Net (decrease) increase in cash and cash equivalents	(68,873)	88,977
Cash and cash equivalents - beginning of period	105,888
Cash and cash equivalents - end of period	37,015	88,977
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Cash flows from operating activities
Net cash used in operating activities	(70,649)	(113,547)
Cash flows from investing activities:
Purchases of property and equipment	(677)	(5,409)
Proceeds from sale of property and equipment		22
Investments in unconsolidated entities	(1,458)	(573)
Distributions from unconsolidated entities	319
Net cash (used in) provided by investing activities	(1,816)	(5,960)
Cash flows from financing activities:
Repayment of debt	(200)
Bridge commitment fee		(10,322)
Changes in debt payable to Weyerhaeuser		(623,589)
Change in book overdrafts		(22,492)
Distributions to Weyerhaeuser		(8,860)
Net proceeds (repayments) of debt held by variable interest entities	(5,927)	5,120
Contributions from noncontrolling interests	4,281
Distributions to noncontrolling interests	(9,198)	(18,703)
Excess tax benefits of share-based awards	392	1,572
Intercompany	78,354	850,977
Net cash provided by financing activities	67,702	173,703
Net (decrease) increase in cash and cash equivalents	(4,763)	54,196
Cash and cash equivalents - beginning of period	64,741	4,510
Cash and cash equivalents - end of period	59,978	58,706
Consolidating Adjustments [Member]
Cash flows from investing activities:
Intercompany	78,354	850,977
Net cash (used in) provided by investing activities	78,354	850,977
Cash flows from financing activities:
Intercompany	(78,354)	(850,977)
Net cash provided by financing activities	$ (78,354)	$ (850,977)