Tri Pointe Homes (TPH) 10-Q 27 Apr 16 2016 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2016	Apr. 22, 2016
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1
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	Large Accelerated Filer
Entity Common Stock, Shares Outstanding		162,048,087

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Assets
Cash and cash equivalents	$ 144,019	$ 214,485
Receivables	32,688	43,710
Real estate inventories	2,705,251	2,519,273
Investments in unconsolidated entities	17,494	18,999
Goodwill and other intangible assets, net	161,895	162,029
Deferred tax assets, net	126,812	130,657
Other assets	45,918	48,918
Total assets	3,234,077	3,138,071
Liabilities
Accounts payable	67,601	64,840
Accrued expenses and other liabilities	201,302	216,263
Unsecured revolving credit facility	374,392	299,392
Seller financed loans		2,434
Senior notes, net	869,939	868,679
Total liabilities	$ 1,513,234	$ 1,451,608
Commitments and contingencies (Note 14)
Stockholders’ Equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized; no shares issued and outstanding as of March 31, 2016 and December 31, 2015, respectively
Common stock, $0.01 par value, 500,000,000 shares authorized; 162,007,850 and 161,813,750 shares issued and outstanding at March 31, 2016 and December 31, 2015, respectively	$ 1,620	$ 1,618
Additional paid-in capital	912,719	911,197
Retained earnings	780,418	751,868
Total stockholders’ equity	1,694,757	1,664,683
Noncontrolling interests	26,086	21,780
Total equity	1,720,843	1,686,463
Total liabilities and equity	$ 3,234,077	$ 3,138,071

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
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	162,007,850	161,813,750
Common stock, shares outstanding	162,007,850	161,813,750

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Homebuilding:
Home sales revenue	$ 423,055	$ 374,265
Land and lot sales revenue	355	2,000
Other operations	580	993
Total revenues	423,990	377,258
Cost of home sales	324,499	299,907
Cost of land and lot sales	779	2,308
Other operations	566	562
Sales and marketing	26,321	23,286
General and administrative	28,396	28,153
Restructuring charges	135	222
Homebuilding income from operations	43,294	22,820
Equity in (loss) income of unconsolidated entities	(14)	107
Other income, net	115	256
Homebuilding income before taxes	43,395	23,183
Financial Services:
Revenues	148
Expenses	58	26
Equity in income (loss) of unconsolidated entities	715	(33)
Financial services income (loss) from operations before taxes	805	(59)
Income before taxes	44,200	23,124
Provision for income taxes	(15,490)	(7,827)
Net income	28,710	15,297	$ 207,181
Net income attributable to noncontrolling interests	(160)
Net income available to common stockholders	$ 28,550	$ 15,297
Earnings per share
Basic	$ 0.18	$ 0.09
Diluted	$ 0.18	$ 0.09
Weighted average shares outstanding
Basic	161,895,640	161,490,970
Diluted	162,192,610	162,807,376

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, 2014	$ 1,472,476	$ 1,614	$ 906,159	$ 546,407	$ 1,454,180	$ 18,296
Beginning Balance, Shares at Dec. 31, 2014		161,355,490
Net income	207,181			205,461	205,461	1,720
Adjustment to 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	428		428		428
Minimum tax withholding paid on behalf of employees for restricted stock units	(2,190)		(2,190)		(2,190)
Stock-based compensation expense	11,935		11,935		11,935
Distributions to noncontrolling interests, net	(3,833)					(3,833)
Net effect of consolidations, de-consolidations and other transactions	5,597					5,597
Ending Balance at Dec. 31, 2015	$ 1,686,463	$ 1,618	911,197	751,868	1,664,683	21,780
Ending Balance, Shares at Dec. 31, 2015	161,813,750	161,813,750
Net income	$ 28,710			28,550	28,550	160
Shares issued under share-based awards	6	$ 2	4		6
Shares issued under share-based awards, Shares		194,100
Minimum tax withholding paid on behalf of employees for restricted stock units	(1,087)		(1,087)		(1,087)
Stock-based compensation expense	2,605		2,605		2,605
Distributions to noncontrolling interests, net	(1,719)					(1,719)
Net effect of consolidations, de-consolidations and other transactions	5,865					5,865
Ending Balance at Mar. 31, 2016	$ 1,720,843	$ 1,620	$ 912,719	$ 780,418	$ 1,694,757	$ 26,086
Ending Balance, Shares at Mar. 31, 2016	162,007,850	162,007,850

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net income	$ 28,710	$ 15,297
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation and amortization	1,792	1,481
Equity in income of unconsolidated entities, net	(701)	(74)
Deferred income taxes, net	3,845	2,018
Amortization of stock-based compensation	2,605	2,381
Charges for impairments and lot option abandonments	182	360
Changes in assets and liabilities:
Real estate inventories	(180,540)	(127,304)
Receivables	11,141	(2,894)
Other assets	2,871	6,963
Accounts payable	2,761	(7,865)
Accrued expenses and other liabilities	(14,828)	1,323
Returns on investments in unconsolidated entities, net	2,486
Net cash used in operating activities	(139,676)	(108,314)
Cash flows from investing activities:
Purchases of property and equipment	(411)	(378)
Investments in unconsolidated entities	(13)	(978)
Net cash used in investing activities	(424)	(1,356)
Cash flows from financing activities:
Borrowings from debt	75,000	50,000
Repayment of debt	(2,434)	(2,535)
Net repayments of debt held by variable interest entities	(132)	(742)
Contributions from noncontrolling interests	808	873
Distributions to noncontrolling interests	(2,527)	(726)
Proceeds from issuance of common stock under share-based awards	6	263
Excess tax benefits of share-based awards		308
Minimum tax withholding paid on behalf of employees for share-based awards	(1,087)	(1,827)
Net cash provided by financing activities	69,634	45,614
Net decrease in cash and cash equivalents	(70,466)	(64,056)
Cash and cash equivalents - beginning of period	214,485	170,629
Cash and cash equivalents - end of period	$ 144,019	$ 106,573

Organization, Basis of Presenta

Organization, Basis of Presentation and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
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 TRI Pointe Group is engaged in the design, construction and sale of innovative single-family attached and detached 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. Formation of TRI Pointe Group On July 7, 2015, TRI Pointe Homes reorganized its corporate structure (the “Reorganization”) whereby TRI Pointe Homes became a direct, wholly owned subsidiary of TRI Pointe Group. As a result of the Reorganization, each share of common stock, par value $0.01 per share, of TRI Pointe Homes (“Homes Common Stock”) was cancelled and converted automatically into the right to receive one validly issued, fully paid and non-assessable share of common stock, par value $0.01 per share, of TRI Pointe Group (“Group Common Stock”), each share having the same designations, rights, powers and preferences, and the qualifications, limitations and restrictions thereof as the shares of Homes Common Stock being so converted. TRI Pointe Group, as the successor issuer to TRI Pointe Homes (pursuant to Rule 12g-3(a) under the Exchange Act), began making filings under the Securities Act and the Exchange Act on July 7, 2015. In connection with the Reorganization, TRI Pointe Group (i) became a co-issuer of TRI Pointe Homes’ 4.375% Senior Notes due 2019 (the “2019 Notes”) and TRI Pointe Homes’ 5.875% Senior Notes due 2024 (the “2024 Notes” and together with the 2019 Notes, the “Senior Notes”); and (ii) replaced TRI Pointe Homes as the borrower under TRI Pointe Homes’ existing unsecured revolving credit facility. Basis of Presentation The accompanying financial statements have been prepared in accordance with 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 March 31, 2016 and December 31, 2015 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. 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. Reverse Acquisition On the Closing Date, TRI Pointe consummated the Merger with WRECO, with WRECO becoming a wholly owned subsidiary of TRI Pointe. The Merger is accounted for in accordance with ASC Topic 805, Business Combinations Use of Estimates Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates. Reclassifications Certain amounts in our consolidated financial statements for prior years have been reclassified to conform to the current period presentation. Recently Issued Accounting Standards 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 November 2015, the FASB issued Accounting Standards Update No. 2015-17, (“ASU 2015-17”), Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued Accounting Standards Update No. 2016-02, (“ASU 2016-02”), Leases (Topic 842): Leases In March 2016, the FASB issued Accounting Standards Update No. 2016-09, (“ASU 2016-09”), Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,

Restructuring

Restructuring	3 Months Ended
	Mar. 31, 2016
Restructuring And Related Activities [Abstract]
Restructuring	2. Restructuring Restructuring charges were comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Employee-related charges $ 13 $ 112 Lease termination charges 122 110 Total $ 135 $ 222 Employee-related charges of $13,000 and $112,000 for the three months ended March 31, 2016 and 2015, respectively, relate to severance-related expenses for employees terminated during the period. Lease termination charges of $122,000 and $110,000 for the three months ended March 31, 2016, and 2015, respectively, relate to the adjustment of restructuring reserves related to the estimate of sublease income. Changes in employee-related restructuring reserves were as follows (in thousands): Three Months Ended March 31, 2016 2015 Accrued employee-related charges, beginning of period $ 220 $ 3,844 Current year charges 13 112 Payments (159 ) (3,423 ) Accrued employee-related charges, end of period $ 74 $ 533 Changes in lease termination related restructuring reserves were as follows (in thousands): Three Months Ended March 31, 2016 2015 Accrued lease termination charges, beginning of period $ 767 $ 1,394 Current year charges 122 110 Payments (312 ) (578 ) Accrued lease termination charges, end of period $ 577 $ 926 Employee and lease termination restructuring reserves are included in accrued expenses and other liabilities on our consolidated balance sheets.

Segment Information

Segment Information	3 Months Ended
	Mar. 31, 2016
Segment Reporting [Abstract]
Segment Information	3. Segment Information We operate two principal businesses: homebuilding and financial services. Our homebuilding operations consist of six homebuilding companies that acquire and develop land and construct and sell single-family detached and attached homes. In accordance with ASC Topic 280, Segment Reporting Our financial services operation (“TRI Pointe Solutions”) is a reportable segment and is comprised of mortgage financing operations (“TRI Pointe Connect”) and title services operations (“TRI Pointe Assurance”). While our homebuyers may obtain financing from any mortgage provider of their choice, TRI Pointe Connect, which was formed as a joint venture with an established mortgage lender, can act as a preferred mortgage broker to our homebuyers in all of the markets in which we operate, providing mortgage financing that helps facilitate the sale and closing process as well as generate additional fee income for us. TRI Pointe Assurance provides title examinations for our homebuyers in our Trendmaker Homes and Winchester Homes brands. TRI Pointe Assurance is a wholly owned subsidiary of TRI Pointe and acts as a title agency for First American Title Insurance Company. We commenced our financial services operation in the fourth quarter of 2014. The term “Corporate” refers to 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, internal audit 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, Organization, Basis of Presentation and Summary of Significant Accounting Policies Total revenues and income before taxes for each of our reportable segments were as follows (in thousands): Three Months Ended March 31, 2016 2015 Revenues Maracay Homes $ 45,437 $ 32,477 Pardee Homes 118,933 85,658 Quadrant Homes 46,058 45,629 Trendmaker Homes 43,786 56,208 TRI Pointe Homes 131,957 106,858 Winchester Homes 37,819 50,428 Total homebuilding revenues 423,990 377,258 Financial services 148 — Total $ 424,138 $ 377,258 Income (loss) before taxes Maracay Homes $ 2,636 $ 1,040 Pardee Homes 32,131 13,559 Quadrant Homes 3,696 1,580 Trendmaker Homes 2,058 4,360 TRI Pointe Homes 10,715 11,132 Winchester Homes 661 381 Corporate (8,502 ) (8,869 ) Total homebuilding income before taxes 43,395 23,183 Financial services 805 (59 ) Total $ 44,200 $ 23,124 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): March 31, December 31, 2016 2015 Real estate inventories Maracay Homes $ 211,362 $ 206,912 Pardee Homes 1,066,086 1,011,982 Quadrant Homes 209,707 190,038 Trendmaker Homes 214,290 199,398 TRI Pointe Homes 742,753 659,130 Winchester Homes 261,053 251,813 Total $ 2,705,251 $ 2,519,273 Total assets Maracay Homes $ 241,762 $ 227,857 Pardee Homes 1,139,330 1,089,586 Quadrant Homes 231,436 202,024 Trendmaker Homes 227,791 213,562 TRI Pointe Homes 907,366 832,423 Winchester Homes 289,890 278,374 Corporate 193,688 292,169 Total homebuilding assets 3,231,263 3,135,995 Financial services 2,814 2,076 Total $ 3,234,077 $ 3,138,071

Earnings Per Share

Earnings Per Share	3 Months Ended
	Mar. 31, 2016
Earnings Per Share [Abstract]
Earnings Per Share	4. 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 March 31, 2016 2015 Numerator: Net income available to common stockholders $ 28,550 $ 15,297 Denominator: Basic weighted-average shares outstanding 161,895,640 161,490,970 Effect of dilutive shares: Stock options and unvested restricted stock units 296,970 1,316,406 Diluted weighted-average shares outstanding 162,192,610 162,807,376 Earnings per share Basic $ 0.18 $ 0.09 Diluted $ 0.18 $ 0.09 Antidilutive stock options not included in diluted earnings per share 5,449,790 1,266,863

Receivables

Receivables	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Receivables	5. Receivables Receivables consisted of the following (in thousands): March 31, December 31, 2016 2015 Escrow proceeds and other accounts receivable, net $ 22,026 $ 32,917 Warranty insurance receivable (Note 14) 10,362 10,493 Notes and contracts receivable 300 300 Total receivables $ 32,688 $ 43,710

Real Estate Inventories

Real Estate Inventories	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Real Estate Inventories	6. Real Estate Inventories Real estate inventories consisted of the following (in thousands): March 31, December 31, 2016 2015 Real estate inventories owned: Homes completed or under construction $ 650,602 $ 575,076 Land under development 1,554,925 1,443,461 Land held for future development 295,428 295,241 Model homes 146,078 140,232 Total real estate inventories owned 2,647,033 2,454,010 Real estate inventories not owned: Land purchase and land option deposits 24,278 39,055 Consolidated inventory held by VIEs 33,940 26,208 Total real estate inventories not owned 58,218 65,263 Total real estate inventories $ 2,705,251 $ 2,519,273 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 8, Variable Interest Entities Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended March 31, 2016 2015 Interest incurred $ 15,149 $ 15,176 Interest capitalized (15,149 ) (15,176 ) Interest expensed $ — $ — Capitalized interest in beginning inventory $ 140,311 $ 124,461 Interest capitalized as a cost of inventory 15,149 15,176 Interest previously capitalized as a cost of inventory, included in cost of sales (8,830 ) (6,765 ) Capitalized interest in ending inventory $ 146,630 $ 132,872 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, net. Real estate inventory impairments and land and lot option abandonments Land and lot option abandonments and pre-acquisition charges were as follows (in thousands): Three Months Ended March 31, 2016 2015 Land and lot option abandonments and pre-acquisition charges 182 360 Total $ 182 $ 360 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. During the three month periods ended March 31, 2016 and 2015, respectively, the Company did not incur any real estate inventory impairment charges. 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	3 Months Ended
	Mar. 31, 2016
Equity Method Investments And Joint Ventures [Abstract]
Investments in Unconsolidated Entities	7. Investments in Unconsolidated Entities As of March 31, 2016, we held equity investments in six active homebuilding partnerships or limited liability companies and one financial services limited liability company. 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): March 31, December 31, 2016 2015 Limited liability company interests $ 14,226 $ 15,739 General partnership interests 3,268 3,260 Total $ 17,494 $ 18,999 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 income (loss) of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands): March 31, December 31, 2016 2015 Assets Cash $ 14,871 $ 18,641 Receivables 5,588 13,108 Real estate inventories 94,309 92,881 Other assets 1,147 1,180 Total assets $ 115,915 $ 125,810 Liabilities and equity Accounts payable and other liabilities $ 8,296 $ 14,443 Company’s equity 17,494 18,999 Outside interests' equity 90,125 92,368 Total liabilities and equity $ 115,915 $ 125,810 Results of operations from unconsolidated entities (in thousands): Three Months Ended March 31, 2016 2015 Net sales $ 3,209 $ 76 Other operating expense (2,150 ) (736 ) Other income (expense) 1 2 Net income (loss) $ 1,060 $ (658 ) Company’s equity in income (loss) of unconsolidated entities $ 701 $ 74

Variable Interest Entities

Variable Interest Entities	3 Months Ended
	Mar. 31, 2016
Organization Consolidation And Presentation Of Financial Statements [Abstract]
Variable Interest Entities	8. 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): March 31, 2016 December 31, 2015 Remaining Consolidated Remaining Consolidated Purchase Inventory Purchase Inventory Deposits Price Held by VIEs Deposits Price Held by VIEs Consolidated VIEs $ 6,465 $ 27,964 $ 33,940 $ 3,003 $ 23,239 $ 26,208 Unconsolidated VIEs 4,164 94,843 N/A 11,615 74,590 N/A Other land option agreements 20,114 257,886 N/A 27,440 279,612 N/A Total $ 30,743 $ 380,693 $ 33,940 $ 42,058 $ 377,441 $ 26,208 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 $8.0 million and $5.0 million as of March 31, 2016 and December 31, 2015, 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	3 Months Ended
	Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets	9. Goodwill and Other Intangible Assets In connection with the Merger, $139.3 million of goodwill has been recorded as of March 31, 2016. We have two intangible assets recorded as of March 31, 2016, comprised of an existing trade name from the acquisition of Maracay Homes in 2006, which has a 20 year useful life, and a TRI Pointe Homes trade name resulting from the Merger in 2014 which has an indefinite useful life. Goodwill and other intangible assets consisted of the following (in thousands): March 31, 2016 December 31, 2015 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Goodwill $ 139,304 $ — $ 139,304 $ 139,304 $ — $ 139,304 Trade names 27,979 (5,388 ) 22,591 27,979 (5,254 ) 22,725 Total $ 167,283 $ (5,388 ) $ 161,895 $ 167,283 $ (5,254 ) $ 162,029 The remaining useful life of our amortizing intangible asset related to the Maracay Homes trade name was 9.9 and 10.2 years as of March 31, 2016 and December 31, 2015, respectively. Amortization expense related to this intangible asset was $134,000 for each of the three month periods ended March 31, 2016 and 2015, 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 2016, the next four years and thereafter is (in thousands): Remainder of 2016 $ 400 2017 534 2018 534 2019 534 2020 534 Thereafter 2,755 Total $ 5,291

Other Assets

Other Assets	3 Months Ended
	Mar. 31, 2016
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Other Assets	10. Other Assets Other assets consisted of the following (in thousands): March 31, December 31, 2016 2015 Prepaid expenses $ 11,787 $ 14,523 Refundable fees and other deposits 16,891 17,056 Development rights, held for future use or sale 4,360 4,360 Deferred loan costs - unsecured revolving credit facility 2,128 2,179 Operating properties and equipment, net 7,453 7,643 Other 3,299 3,157 Total $ 45,918 $ 48,918

Accrued Expenses and Other Liab

Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2016
Payables And Accruals [Abstract]
Accrued Expenses and Other Liabilities	11. Accrued Expenses and Other Liabilities Accrued expenses and other liabilities consisted of the following (in thousands): March 31, December 31, 2016 2015 Accrued payroll and related costs $ 13,502 $ 28,264 Warranty reserves (Note 14) 45,419 45,948 Estimated cost for completion of real estate inventories 49,221 52,818 Customer deposits 15,422 12,132 Debt (nonrecourse) held by VIEs 2,310 2,442 Income tax liability to Weyerhaeuser (Note 17) 8,975 8,900 Accrued income taxes payable 11,015 19,279 Liability for uncertain tax positions (Note 16) 307 307 Accrued interest 13,937 2,417 Accrued insurance expense 1,408 1,402 Other tax liability 23,477 21,764 Other 16,309 20,590 Total $ 201,302 $ 216,263

Senior Notes, Unsecured Revolvi

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans	12. Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans Senior Notes The Senior Notes consisted of the following (in thousands): March 31, December 31, 2016 2015 4.375% Senior Notes due June 15, 2019 $ 450,000 $ 450,000 5.875% Senior Notes due June 15, 2024 450,000 450,000 Discount and deferred loan costs (30,061 ) (31,321 ) Total $ 869,939 $ 868,679 On the Closing Date, TRI Pointe assumed WRECO’s obligations as issuer of the Senior Notes. The 2019 Notes were issued at 98.89% of their aggregate principal amount and the 2024 Notes were issued at 98.15% of their aggregate principal amount. The net proceeds of $861.3 million, after debt issuance costs and discounts, from the offering were deposited into two separate escrow accounts following the closing of the offering on June 13, 2014. 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 March 31, 2016, no principal has been paid on the Senior Notes, and there was $19.5 million of capitalized debt financing costs, included in senior notes 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 March 31, 2016 and December 31, 2015, respectively. Unsecured Revolving Credit Facility Unsecured revolving credit facility consisted of the following (in thousands): March 31, December 31, 2016 2015 Unsecured revolving credit facility $ 374,392 $ 299,392 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 March 31, 2016, the outstanding balance under the Credit Facility was $374.4 million with an interest rate of 2.13% per annum and $170.3 million of availability after considering the borrowing base provisions and outstanding letters of credit. As of March 31, 2016 there was $2.1 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 $484,000 and $407,000 as of March 31, 2016 and December 31, 2015, respectively. At March 31, 2016 we had outstanding letters of credit of $5.3 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): March 31, December 31, 2016 2015 Seller financed loans $ — $ 2,434 Accrued interest on the seller financed loans outstanding as of December 31, 2015 was $89,000. Interest Incurred During the three month periods ended March 31, 2016 and 2015, the Company incurred interest of $15.1 million and $15.2 million, respectively, related to all debt during the period. All interest incurred was capitalized to inventory for the three month periods ended March 31, 2016 and 2015, respectively. Included in interest incurred was amortization of deferred financing and Senior Note discount costs of $1.3 million and $1.2 million for the three months ended March 31, 2016 and 2015, respectively. Accrued interest related to all outstanding debt at March 31, 2016 and December 31, 2015 was $13.9 million and $2.4 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 March 31, 2016 and December 31, 2015.

Fair Value Disclosures

Fair Value Disclosures	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures	13. 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 March 31, 2016 and December 31, 2015, related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): March 31, 2016 December 31, 2015 Hierarchy Book Value Fair Value Book Value Fair Value Senior Notes (1) Level 2 889,456 894,375 889,054 881,460 Unsecured revolving credit facility (2) Level 2 374,392 374,392 299,392 299,392 Seller financed loans Level 2 — — 2,434 2,368 __________ (1) The estimated fair value of the Senior Notes at March 31, 2016 and December 31, 2015 is based on quoted market prices. (2) We believe that the carrying value of the Credit Facility approximates fair value based on the short term nature of the current market rate amended on May 18, 2015. At March 31, 2016 and December 31, 2015, the carrying value of cash and cash equivalents and receivables approximated fair value. 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): Three Months Ended Year Ended March 31, 2016 December 31, 2015 Fair Value Fair Value Impairment Net of Impairment Net of Charge Impairment Charge Impairment Real estate inventories (1) $ — $ — $ 1,167 $ 28,540 __________ (1) Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented. The fair value of these real estate inventories impaired was determined based on recent offers received from outside third parties or actual contracts.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Commitments and Contingencies	14. 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 matters as to which the Company believes a loss is probable and reasonably estimable, it had legal reserves of $400,000 and $450,000 as of March 31, 2016 and December 31, 2015, 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 $10.4 million and $10.5 million as of March 31, 2016 and December 31, 2015, 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 March 31, 2016 2015 Warranty reserves, beginning of period $ 45,948 $ 33,270 Warranty reserves accrued 2,073 2,872 Adjustments to pre-existing reserves — 301 Warranty expenditures (2,602 ) (2,478 ) Warranty reserves, end of period $ 45,419 $ 33,965 Performance Bonds We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. As of March 31, 2016 and December 31, 2015, the Company had outstanding surety bonds totaling $426.5 million and $414.1 million, respectively. The beneficiaries of the bonds are various municipalities.

Stock-Based Compensation

Stock-Based Compensation	3 Months Ended
	Mar. 31, 2016
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Stock-Based Compensation	15. 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 March 31, 2016 there were 7,637,283 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. The following table presents compensation expense recognized related to all stock-based awards (in thousands): Three Months Ended March 31, 2016 2015 Total stock-based compensation $ 2,605 $ 2,381 Stock-based compensation is charged to general and administrative expense on the accompanying consolidated statements of operations. As of March 31, 2016, total unrecognized stock-based compensation related to all stock-based awards was $27.2 million and the weighted average term over which the expense was expected to be recognized was 2.3 years. Summary of Stock Option Activity The following table presents a summary of stock option awards for the three months ended March 31, 2016: Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Price Contractual Value Options Per Share Life (in thousands) Options outstanding at December 31, 2015 3,220,147 $ 13.12 5.2 $ 3,081 Granted — — — — Exercised (1,401 ) 4.51 — — Forfeited (144,407 ) 12.33 — — Options outstanding at March 31, 2016 3,074,339 13.15 5.1 2,075 Options exercisable at March 31, 2016 2,871,261 12.46 4.6 2,515 The intrinsic value of each stock option award outstanding or exercisable is the difference between the fair market value of the Company’s common stock at the end of the period and the exercise price of each stock option award to the extent it is considered “in-the-money”. A stock option award is considered to be “in-the-money” if the fair market value of the Company’s stock is greater than the exercise price of the stock option award. The aggregate intrinsic value of options outstanding and options exercisable represents the value that would have been received by the holders of stock option awards had they exercised their stock option award on the last trading day of the period and sold the underlying shares at the closing price on that day. Summary of Restricted Stock Unit Activity The following table presents a summary of restricted stock units (“RSUs”) for the three months ended March 31, 2016: Weighted Average Aggregate Restricted Grant Date Intrinsic Stock Fair Value Value Units Per Share (in thousands) Nonvested RSUs at December 31, 2015 1,958,033 $ 12.21 $ 24,808 Granted 1,829,923 8.27 21,556 Vested (298,772 ) 14.26 — Forfeited (714 ) 14.48 — Nonvested RSUs at March 31, 2016 3,488,470 9.93 41,094 On March 5, 2015, the Company granted an aggregate of 440,800 time-vested RSUs to employees and officers. The RSUs granted vest in equal installments annually on the anniversary of the grant date over a three year period. The fair value of each RSU 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 peer homebuilding companies); earnings per share; and stock price. The performance-based RSUs 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 over the requisite service period. On August 12, 2015, the Company granted an aggregate of 69,008 RSUs to the non-employee members of its board of directors. These RSUs vest in their entirety on the day immediately prior to the Company’s 2016 Annual Meeting of Stockholders. The fair value of each RSU 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. On March 1, 2016, the Company granted an aggregate of 1,120,677 time-vested RSUs to employees and officers. The RSUs granted vest in equal installments annually on the anniversary of the grant date over a three year period. The fair value of each RSU granted on March 1, 2016 was measured using a price of $10.49 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 1, 2016, the Company granted 297,426, 285,986 and 125,834 performance-based RSUs to the Company’s Chief Executive Officer, President, and Chief Financial Officer, respectively. The vesting, if at all, of these performance-based RSUs may range from 0% to 100% and will be based on the Company’s percentage attainment of specified threshold, target and maximum performance goals. The percentage of these performance-based RSUs that vest will be determined by comparing the Company’s total stockholder return to the total stockholder returns of a group of peer homebuilding companies. The performance period for these performance-based RSUs is January 1, 2016 to December 31, 2018. These performance-based RSUs will not vest if the Company’s total stockholder return from January 1, 2016 to December 31, 2018 is not a positive number, provided that the executive will thereafter become vested in the award units, or portion thereof, that would have otherwise vested on December 31, 2018 if on any day after December 31, 2018 and on or before December 31, 2020, the Company’s total stockholder return is greater than zero and the executive is employed by the Company on that date. If the performance-based RSUs have not vested on or before December 31, 2020, such performance-based RSUs shall be cancelled and forfeited for no consideration. The fair value of these performance-based RSUs was determined to be $4.76 per share based on a Monte Carlo simulation. Each award will be expensed over the requisite service period. As RSUs vest, a portion of the shares awarded is generally withheld to cover employee tax withholdings. As a result, the number of RSUs vested and the number of shares of TRI Pointe common stock issued will differ.

Income Taxes

Income Taxes	3 Months Ended
	Mar. 31, 2016
Income Tax Disclosure [Abstract]
Income Taxes	16. Income Taxes We account for income taxes in accordance with ASC Topic 740, Income Taxes We had net deferred tax assets of $126.8 million and $130.7 million as of March 31, 2016 and December 31, 2015, respectively. We had a valuation allowance related to those net deferred tax assets of $3.3 million and $4.4 million as of March 31, 2016 and December 31, 2015, 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 $15.5 million and $7.8 million for the three months ended March 31, 2016 and 2015, respectively. The Company classifies any interest and penalties related to income taxes assessed by jurisdiction as part of income tax expense. The Company had $307,000 of liabilities for uncertain tax positions recorded as of both March 31, 2016 and December 31, 2015, 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	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions	17. 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. TRI Pointe has certain liabilities with Weyerhaeuser related to a tax sharing agreement. As of March 31, 2016 and December 31, 2015, we had an income tax liability to Weyerhaeuser of $9.0 million and $8.9 million, respectively, which is recorded in accrued expenses and other liabilities on the accompanying balance sheet.

Supplemental Disclosure to Cons

Supplemental Disclosure to Consolidated Statements of Cash Flow	3 Months Ended
	Mar. 31, 2016
Supplemental Cash Flow Elements [Abstract]
Supplemental Disclosure to Consolidated Statements of Cash Flow	18. Supplemental Disclosure to Consolidated Statements of Cash Flow The following are supplemental disclosures to the consolidated statements of cash flows (in thousands): Three Months Ended March 31, 2016 2015 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest, net of amounts capitalized of $15,149 and $15,176 (Note 6) $ — $ — Income taxes $ 19,876 $ 1,504 Supplemental disclosures of noncash activities: Amortization of senior note discount capitalized to real estate inventory $ 402 $ 380 Amortization of deferred loan costs capitalized to real estate inventory $ 858 $ — Effect of net consolidation and de-consolidation of variable interest entities: Increase in consolidated real estate inventory not owned $ 5,865 $ 1,453 Increase in deposits on real estate under option or contract and other assets $ — $ 129 Increase in noncontrolling interests $ (5,865 ) $ (1,582 )

Supplemental Guarantor Informat

Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Supplemental Guarantor Information	19. 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 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 March 31, 2016 and December 31, 2015, condensed consolidating statements of operations for the three months ended March 31, 2016 and 2015 and condensed consolidating statement of cash flows for the three month periods ended March 31, 2016 and 2015. 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. Condensed Consolidating Balance Sheet (in thousands): March 31, 2016 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Assets Cash and cash equivalents $ 56,860 $ 87,159 $ — $ 144,019 Receivables 7,150 25,538 — 32,688 Intercompany receivables 860,686 — (860,686 ) — Real estate inventories 742,753 1,962,498 — 2,705,251 Investments in unconsolidated entities — 17,494 — 17,494 Goodwill and other intangible assets, net 156,604 5,291 — 161,895 Investments in subsidiaries 1,134,337 — (1,134,337 ) — Deferred tax assets, net 18,952 107,860 — 126,812 Other assets 10,129 35,789 — 45,918 Total Assets $ 2,987,471 $ 2,241,629 $ (1,995,023 ) $ 3,234,077 Liabilities Accounts payable $ 16,822 $ 50,779 $ — $ 67,601 Intercompany payables — 860,686 (860,686 ) — Accrued expenses and other liabilities 31,561 169,741 — 201,302 Unsecured revolving credit facility 374,392 — — 374,392 Senior notes 869,939 — — 869,939 Total Liabilities 1,292,714 1,081,206 (860,686 ) 1,513,234 Equity Total stockholders’ equity 1,694,757 1,134,337 (1,134,337 ) 1,694,757 Noncontrolling interests — 26,086 — 26,086 Total Equity 1,694,757 1,160,423 (1,134,337 ) 1,720,843 Total Liabilities and Equity $ 2,987,471 $ 2,241,629 $ (1,995,023 ) $ 3,234,077 __________ (1) References to “Issuer” in this Note 19, 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 19. Supplemental Guarantor Information (continued) Condensed Consolidating Balance Sheet (in thousands): December 31, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Assets Cash and cash equivalents $ 147,771 $ 66,714 $ — $ 214,485 Receivables 17,358 26,352 — 43,710 Intercompany receivables 783,956 — (783,956 ) — Real estate inventories 657,221 1,862,052 — 2,519,273 Investments in unconsolidated entities — 18,999 — 18,999 Goodwill and other intangible assets, net 156,604 5,425 — 162,029 Investments in subsidiaries 1,093,261 — (1,093,261 ) — Deferred tax assets, net 19,061 111,596 — 130,657 Other assets 12,219 36,699 — 48,918 Total Assets $ 2,887,451 $ 2,127,837 $ (1,877,217 ) $ 3,138,071 Liabilities Accounts payable $ 20,444 $ 44,396 $ — $ 64,840 Intercompany payables — 783,956 (783,956 ) — Accrued expenses and other liabilities 32,219 184,044 — 216,263 Unsecured revolving credit facility 299,392 — — 299,392 Seller financed loans 2,034 400 — 2,434 Senior notes 868,679 — — 868,679 Total Liabilities 1,222,768 1,012,796 (783,956 ) 1,451,608 Equity Total stockholders’ equity 1,664,683 1,093,261 (1,093,261 ) 1,664,683 Noncontrolling interests — 21,780 — 21,780 Total Equity 1,664,683 1,115,041 (1,093,261 ) 1,686,463 Total Liabilities and Equity $ 2,887,451 $ 2,127,837 $ (1,877,217 ) $ 3,138,071 __________ (1) References to “Issuer” in this Note 19, 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 19. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2016 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Homebuilding: Home sales revenue $ 131,957 $ 291,098 $ — $ 423,055 Land and lot sales revenue — 355 — 355 Other operations — 580 — 580 Total revenues 131,957 292,033 — 423,990 Cost of home sales 110,452 214,047 — 324,499 Cost of land and lot sales — 779 — 779 Other operations — 566 — 566 Sales and marketing 6,064 20,257 — 26,321 General and administrative 13,212 15,184 — 28,396 Restructuring charges — 135 — 135 Homebuilding income from operations 2,229 41,065 — 43,294 Equity in loss of unconsolidated entities — (14 ) — (14 ) Other income (loss), net 357 (242 ) — 115 Homebuilding income before taxes 2,586 40,809 — 43,395 Financial Services: Revenues — 148 — 148 Expenses — 58 — 58 Equity in income of unconsolidated entities — 715 — 715 Financial services income before taxes — 805 — 805 Income before taxes 2,586 41,614 — 44,200 Equity of net income (loss) of subsidiaries 27,231 — (27,231 ) — Provision for income taxes (1,267 ) (14,223 ) — (15,490 ) Net income (loss) 28,550 27,391 (27,231 ) 28,710 Net income attributable to noncontrolling interests — (160 ) — (160 ) Net income (loss) available to common stockholders $ 28,550 $ 27,231 $ (27,231 ) $ 28,550 __________ (1) References to “Issuer” in this Note 19, 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 19. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Homebuilding: Home sales revenue $ 106,858 $ 267,407 $ — $ 374,265 Land and lot sales revenue — 2,000 — 2,000 Other operations — 993 — 993 Total revenues 106,858 270,400 — 377,258 Cost of home sales 86,981 212,926 — 299,907 Cost of land and lot sales — 2,308 — 2,308 Other operations — 562 — 562 Sales and marketing 4,981 18,305 — 23,286 General and administrative 12,672 15,481 — 28,153 Restructuring charges — 222 — 222 Homebuilding income from operations 2,224 20,596 — 22,820 Equity in income of unconsolidated entities — 107 — 107 Other income, net 39 217 — 256 Homebuilding income before taxes 2,263 20,920 — 23,183 Financial Services: Revenues — — — — Expenses — 26 — 26 Equity in loss of unconsolidated entities — (33 ) — (33 ) Financial services loss from operations before taxes — (59 ) — (59 ) Income before taxes 2,263 20,861 — 23,124 Equity of net income (loss) of subsidiaries 13,861 — (13,861 ) — Provision for income taxes (827 ) (7,000 ) — (7,827 ) Net income (loss) available to common stockholders $ 15,297 $ 13,861 $ (13,861 ) $ 15,297 __________ (1) References to “Issuer” in this Note 19, 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 19. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2016 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Cash flows from operating activities Net cash used in operating activities $ (73,056 ) $ (66,620 ) $ — $ (139,676 ) Cash flows from investing activities: Purchases of property and equipment (216 ) (195 ) — (411 ) Investments in unconsolidated entities — (13 ) — (13 ) Intercompany (89,524 ) — 89,524 — Net cash (used in) provided by investing activities (89,740 ) (208 ) 89,524 (424 ) Cash flows from financing activities: Borrowings from debt 75,000 — — 75,000 Repayment of debt (2,034 ) (400 ) — (2,434 ) Net repayments of debt held by variable interest entities — (132 ) — (132 ) Contributions from noncontrolling interests — 808 — 808 Distributions to noncontrolling interests — (2,527 ) — (2,527 ) Proceeds from issuance of common stock under share-based awards 6 — — 6 Minimum tax withholding paid on behalf of employees for restricted stock units (1,087 ) — — (1,087 ) Intercompany — 89,524 (89,524 ) — Net cash provided by (used in) financing activities 71,885 87,273 (89,524 ) 69,634 Net (decrease) increase in cash and cash equivalents (90,911 ) 20,445 — (70,466 ) Cash and cash equivalents - beginning of period 147,771 66,714 — 214,485 Cash and cash equivalents - end of period $ 56,860 $ 87,159 $ — $ 144,019 __________ (1) References to “Issuer” in this Note 19, 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 19. Supplemental Guarantor Information (continued) Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Cash flows from operating activities Net cash used in operating activities $ (52,695 ) $ (55,619 ) $ — $ (108,314 ) Cash flows from investing activities: Purchases of property and equipment (303 ) (75 ) — (378 ) Investments in unconsolidated entities — (978 ) — (978 ) Intercompany (69,212 ) — 69,212 — Net cash (used in) provided by investing activities (69,515 ) (1,053 ) 69,212 (1,356 ) Cash flows from financing activities: Borrowings from notes payable 50,000 — — 50,000 Repayment of notes payable (2,535 ) — — (2,535 ) Net proceeds of debt held by variable interest entities — (742 ) — (742 ) Contributions from noncontrolling interests — 873 — 873 Distributions to noncontrolling interests — (726 ) — (726 ) Proceeds from issuance of common stock under share-based awards 263 — — 263 Excess tax benefits of share-based awards 308 — — 308 Minimum tax withholding paid on behalf of employees for restricted stock units (1,827 ) — — (1,827 ) Intercompany — 69,212 (69,212 ) — Net cash provided by (used in) financing activities 46,209 68,617 (69,212 ) 45,614 Net (decrease) increase in cash and cash equivalents (76,001 ) 11,945 — (64,056 ) Cash and cash equivalents - beginning of period 105,888 64,741 — 170,629 Cash and cash equivalents - end of period $ 29,887 $ 76,686 $ — $ 106,573 __________ (1) References to “Issuer” in this Note 19, 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 Presen26

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Organization, Formation of TRI Pointe Group and Basis of Presentation	Organization TRI Pointe Group is engaged in the design, construction and sale of innovative single-family attached and detached 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. Formation of TRI Pointe Group On July 7, 2015, TRI Pointe Homes reorganized its corporate structure (the “Reorganization”) whereby TRI Pointe Homes became a direct, wholly owned subsidiary of TRI Pointe Group. As a result of the Reorganization, each share of common stock, par value $0.01 per share, of TRI Pointe Homes (“Homes Common Stock”) was cancelled and converted automatically into the right to receive one validly issued, fully paid and non-assessable share of common stock, par value $0.01 per share, of TRI Pointe Group (“Group Common Stock”), each share having the same designations, rights, powers and preferences, and the qualifications, limitations and restrictions thereof as the shares of Homes Common Stock being so converted. TRI Pointe Group, as the successor issuer to TRI Pointe Homes (pursuant to Rule 12g-3(a) under the Exchange Act), began making filings under the Securities Act and the Exchange Act on July 7, 2015. In connection with the Reorganization, TRI Pointe Group (i) became a co-issuer of TRI Pointe Homes’ 4.375% Senior Notes due 2019 (the “2019 Notes”) and TRI Pointe Homes’ 5.875% Senior Notes due 2024 (the “2024 Notes” and together with the 2019 Notes, the “Senior Notes”); and (ii) replaced TRI Pointe Homes as the borrower under TRI Pointe Homes’ existing unsecured revolving credit facility. Basis of Presentation The accompanying financial statements have been prepared in accordance with 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 March 31, 2016 and December 31, 2015 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. 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.
Reverse Acquisition	Reverse Acquisition On the Closing Date, TRI Pointe consummated the Merger with WRECO, with WRECO becoming a wholly owned subsidiary of TRI Pointe. The Merger is accounted for in accordance with ASC Topic 805, Business Combinations
Use of Estimates	Use of Estimates Our financial statements have been prepared in accordance with GAAP. The preparation of these financial statements requires our management to make estimates and judgments that affect the reported amounts of assets and liabilities and the disclosures of contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Actual results could differ from our estimates.
Reclassifications	Reclassifications Certain amounts in our consolidated financial statements for prior years have been reclassified to conform to the current period presentation.
Recently Issued Accounting Standards	Recently Issued Accounting Standards 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 November 2015, the FASB issued Accounting Standards Update No. 2015-17, (“ASU 2015-17”), Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes In February 2016, the FASB issued Accounting Standards Update No. 2016-02, (“ASU 2016-02”), Leases (Topic 842): Leases In March 2016, the FASB issued Accounting Standards Update No. 2016-09, (“ASU 2016-09”), Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting,
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

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Mar. 31, 2016
Restructuring Cost And Reserve [Line Items]
Schedule of Restructuring Charges	Restructuring charges were comprised of the following (in thousands): Three Months Ended March 31, 2016 2015 Employee-related charges $ 13 $ 112 Lease termination charges 122 110 Total $ 135 $ 222
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 March 31, 2016 2015 Accrued employee-related charges, beginning of period $ 220 $ 3,844 Current year charges 13 112 Payments (159 ) (3,423 ) Accrued employee-related charges, end of period $ 74 $ 533
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 March 31, 2016 2015 Accrued lease termination charges, beginning of period $ 767 $ 1,394 Current year charges 122 110 Payments (312 ) (578 ) Accrued lease termination charges, end of period $ 577 $ 926

Segment Information (Tables)

Segment Information (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 2015 Revenues Maracay Homes $ 45,437 $ 32,477 Pardee Homes 118,933 85,658 Quadrant Homes 46,058 45,629 Trendmaker Homes 43,786 56,208 TRI Pointe Homes 131,957 106,858 Winchester Homes 37,819 50,428 Total homebuilding revenues 423,990 377,258 Financial services 148 — Total $ 424,138 $ 377,258 Income (loss) before taxes Maracay Homes $ 2,636 $ 1,040 Pardee Homes 32,131 13,559 Quadrant Homes 3,696 1,580 Trendmaker Homes 2,058 4,360 TRI Pointe Homes 10,715 11,132 Winchester Homes 661 381 Corporate (8,502 ) (8,869 ) Total homebuilding income before taxes 43,395 23,183 Financial services 805 (59 ) Total $ 44,200 $ 23,124 Total real estate inventories and total assets for each of our reportable segments, as of the date indicated, were as follows (in thousands): March 31, December 31, 2016 2015 Real estate inventories Maracay Homes $ 211,362 $ 206,912 Pardee Homes 1,066,086 1,011,982 Quadrant Homes 209,707 190,038 Trendmaker Homes 214,290 199,398 TRI Pointe Homes 742,753 659,130 Winchester Homes 261,053 251,813 Total $ 2,705,251 $ 2,519,273 Total assets Maracay Homes $ 241,762 $ 227,857 Pardee Homes 1,139,330 1,089,586 Quadrant Homes 231,436 202,024 Trendmaker Homes 227,791 213,562 TRI Pointe Homes 907,366 832,423 Winchester Homes 289,890 278,374 Corporate 193,688 292,169 Total homebuilding assets 3,231,263 3,135,995 Financial services 2,814 2,076 Total $ 3,234,077 $ 3,138,071

Earnings Per Share (Tables)

Earnings Per Share (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 2015 Numerator: Net income available to common stockholders $ 28,550 $ 15,297 Denominator: Basic weighted-average shares outstanding 161,895,640 161,490,970 Effect of dilutive shares: Stock options and unvested restricted stock units 296,970 1,316,406 Diluted weighted-average shares outstanding 162,192,610 162,807,376 Earnings per share Basic $ 0.18 $ 0.09 Diluted $ 0.18 $ 0.09 Antidilutive stock options not included in diluted earnings per share 5,449,790 1,266,863

Receivables (Tables)

Receivables (Tables)	3 Months Ended
	Mar. 31, 2016
Receivables [Abstract]
Components of Receivables	Receivables consisted of the following (in thousands): March 31, December 31, 2016 2015 Escrow proceeds and other accounts receivable, net $ 22,026 $ 32,917 Warranty insurance receivable (Note 14) 10,362 10,493 Notes and contracts receivable 300 300 Total receivables $ 32,688 $ 43,710

Real Estate Inventories (Tables

Real Estate Inventories (Tables)	3 Months Ended
	Mar. 31, 2016
Inventory Disclosure [Abstract]
Summary of Real Estate Inventories	Real estate inventories consisted of the following (in thousands): March 31, December 31, 2016 2015 Real estate inventories owned: Homes completed or under construction $ 650,602 $ 575,076 Land under development 1,554,925 1,443,461 Land held for future development 295,428 295,241 Model homes 146,078 140,232 Total real estate inventories owned 2,647,033 2,454,010 Real estate inventories not owned: Land purchase and land option deposits 24,278 39,055 Consolidated inventory held by VIEs 33,940 26,208 Total real estate inventories not owned 58,218 65,263 Total real estate inventories $ 2,705,251 $ 2,519,273
Summary of Interest Incurred, Capitalized and Expensed	Interest incurred, capitalized and expensed were as follows (in thousands): Three Months Ended March 31, 2016 2015 Interest incurred $ 15,149 $ 15,176 Interest capitalized (15,149 ) (15,176 ) Interest expensed $ — $ — Capitalized interest in beginning inventory $ 140,311 $ 124,461 Interest capitalized as a cost of inventory 15,149 15,176 Interest previously capitalized as a cost of inventory, included in cost of sales (8,830 ) (6,765 ) Capitalized interest in ending inventory $ 146,630 $ 132,872
Schedule of Land and Lot Option Abandonments and Pre-acquisition Charges	Land and lot option abandonments and pre-acquisition charges were as follows (in thousands): Three Months Ended March 31, 2016 2015 Land and lot option abandonments and pre-acquisition charges 182 360 Total $ 182 $ 360

Investments in Unconsolidated32

Investments in Unconsolidated Entities (Tables)	3 Months Ended
	Mar. 31, 2016
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): March 31, December 31, 2016 2015 Limited liability company interests $ 14,226 $ 15,739 General partnership interests 3,268 3,260 Total $ 17,494 $ 18,999
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 income (loss) of unconsolidated entities. Assets and liabilities of unconsolidated entities (in thousands): March 31, December 31, 2016 2015 Assets Cash $ 14,871 $ 18,641 Receivables 5,588 13,108 Real estate inventories 94,309 92,881 Other assets 1,147 1,180 Total assets $ 115,915 $ 125,810 Liabilities and equity Accounts payable and other liabilities $ 8,296 $ 14,443 Company’s equity 17,494 18,999 Outside interests' equity 90,125 92,368 Total liabilities and equity $ 115,915 $ 125,810 Results of operations from unconsolidated entities (in thousands): Three Months Ended March 31, 2016 2015 Net sales $ 3,209 $ 76 Other operating expense (2,150 ) (736 ) Other income (expense) 1 2 Net income (loss) $ 1,060 $ (658 ) Company’s equity in income (loss) of unconsolidated entities $ 701 $ 74

Variable Interest Entities (Tab

Variable Interest Entities (Tables)	3 Months Ended
	Mar. 31, 2016
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): March 31, 2016 December 31, 2015 Remaining Consolidated Remaining Consolidated Purchase Inventory Purchase Inventory Deposits Price Held by VIEs Deposits Price Held by VIEs Consolidated VIEs $ 6,465 $ 27,964 $ 33,940 $ 3,003 $ 23,239 $ 26,208 Unconsolidated VIEs 4,164 94,843 N/A 11,615 74,590 N/A Other land option agreements 20,114 257,886 N/A 27,440 279,612 N/A Total $ 30,743 $ 380,693 $ 33,940 $ 42,058 $ 377,441 $ 26,208

Goodwill and Other Intangible34

Goodwill and Other Intangible Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Goodwill And Intangible Assets Disclosure [Abstract]
Schedule of Goodwill and Other Intangible Assets	Goodwill and other intangible assets consisted of the following (in thousands): March 31, 2016 December 31, 2015 Gross Net Gross Net Carrying Accumulated Carrying Carrying Accumulated Carrying Amount Amortization Amount Amount Amortization Amount Goodwill $ 139,304 $ — $ 139,304 $ 139,304 $ — $ 139,304 Trade names 27,979 (5,388 ) 22,591 27,979 (5,254 ) 22,725 Total $ 167,283 $ (5,388 ) $ 161,895 $ 167,283 $ (5,254 ) $ 162,029
Schedule of Expected Amortization of Intangible Asset	Expected amortization of our intangible asset related to Maracay Homes for the remainder of 2016, the next four years and thereafter is (in thousands): Remainder of 2016 $ 400 2017 534 2018 534 2019 534 2020 534 Thereafter 2,755 Total $ 5,291

Other Assets (Tables)

Other Assets (Tables)	3 Months Ended
	Mar. 31, 2016
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Schedule of Other Assets	Other assets consisted of the following (in thousands): March 31, December 31, 2016 2015 Prepaid expenses $ 11,787 $ 14,523 Refundable fees and other deposits 16,891 17,056 Development rights, held for future use or sale 4,360 4,360 Deferred loan costs - unsecured revolving credit facility 2,128 2,179 Operating properties and equipment, net 7,453 7,643 Other 3,299 3,157 Total $ 45,918 $ 48,918

Accrued Expenses and Other Li36

Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2016
Payables And Accruals [Abstract]
Schedule of Accrued Expenses and Other Liabilities	Accrued expenses and other liabilities consisted of the following (in thousands): March 31, December 31, 2016 2015 Accrued payroll and related costs $ 13,502 $ 28,264 Warranty reserves (Note 14) 45,419 45,948 Estimated cost for completion of real estate inventories 49,221 52,818 Customer deposits 15,422 12,132 Debt (nonrecourse) held by VIEs 2,310 2,442 Income tax liability to Weyerhaeuser (Note 17) 8,975 8,900 Accrued income taxes payable 11,015 19,279 Liability for uncertain tax positions (Note 16) 307 307 Accrued interest 13,937 2,417 Accrued insurance expense 1,408 1,402 Other tax liability 23,477 21,764 Other 16,309 20,590 Total $ 201,302 $ 216,263

Senior Notes, Unsecured Revol37

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Senior Notes	The Senior Notes consisted of the following (in thousands): March 31, December 31, 2016 2015 4.375% Senior Notes due June 15, 2019 $ 450,000 $ 450,000 5.875% Senior Notes due June 15, 2024 450,000 450,000 Discount and deferred loan costs (30,061 ) (31,321 ) Total $ 869,939 $ 868,679
Components of Unsecured Revolving Credit Facility	Unsecured revolving credit facility consisted of the following (in thousands): March 31, December 31, 2016 2015 Unsecured revolving credit facility $ 374,392 $ 299,392
Components of Seller Financed Loans	Seller financed loans consisted of the following (in thousands): March 31, December 31, 2016 2015 Seller financed loans $ — $ 2,434

Fair Value Disclosures (Tables)

Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 and December 31, 2015, related to our financial instruments, measured at fair value on a recurring basis, is set forth below (in thousands): March 31, 2016 December 31, 2015 Hierarchy Book Value Fair Value Book Value Fair Value Senior Notes (1) Level 2 889,456 894,375 889,054 881,460 Unsecured revolving credit facility (2) Level 2 374,392 374,392 299,392 299,392 Seller financed loans Level 2 — — 2,434 2,368 __________ (1) The estimated fair value of the Senior Notes at March 31, 2016 and December 31, 2015 is based on quoted market prices. (2) We believe that the carrying value of the Credit Facility approximates fair value based on the short term nature of the current market rate amended on May 18, 2015. At March 31, 2016 and December 31, 2015, the carrying value of cash and cash equivalents and receivables approximated fair value.
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): Three Months Ended Year Ended March 31, 2016 December 31, 2015 Fair Value Fair Value Impairment Net of Impairment Net of Charge Impairment Charge Impairment Real estate inventories (1) $ — $ — $ 1,167 $ 28,540 __________ (1) Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented. The fair value of these real estate inventories impaired was determined based on recent offers received from outside third parties or actual contracts.

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2016
Commitments And Contingencies Disclosure [Abstract]
Schedule of Warranty Reserves	Warranty reserves consisted of the following (in thousands): Three Months Ended March 31, 2016 2015 Warranty reserves, beginning of period $ 45,948 $ 33,270 Warranty reserves accrued 2,073 2,872 Adjustments to pre-existing reserves — 301 Warranty expenditures (2,602 ) (2,478 ) Warranty reserves, end of period $ 45,419 $ 33,965

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	3 Months Ended
	Mar. 31, 2016
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 March 31, 2016 2015 Total stock-based compensation $ 2,605 $ 2,381
Summary of Stock Option Awards	The following table presents a summary of stock option awards for the three months ended March 31, 2016: Weighted Weighted Average Average Aggregate Exercise Remaining Intrinsic Price Contractual Value Options Per Share Life (in thousands) Options outstanding at December 31, 2015 3,220,147 $ 13.12 5.2 $ 3,081 Granted — — — — Exercised (1,401 ) 4.51 — — Forfeited (144,407 ) 12.33 — — Options outstanding at March 31, 2016 3,074,339 13.15 5.1 2,075 Options exercisable at March 31, 2016 2,871,261 12.46 4.6 2,515
Summary of Restricted Stock Units	The following table presents a summary of restricted stock units (“RSUs”) for the three months ended March 31, 2016: Weighted Average Aggregate Restricted Grant Date Intrinsic Stock Fair Value Value Units Per Share (in thousands) Nonvested RSUs at December 31, 2015 1,958,033 $ 12.21 $ 24,808 Granted 1,829,923 8.27 21,556 Vested (298,772 ) 14.26 — Forfeited (714 ) 14.48 — Nonvested RSUs at March 31, 2016 3,488,470 9.93 41,094

Supplemental Disclosure to Co41

Supplemental Disclosure to Consolidated Statements of Cash Flow (Tables)	3 Months Ended
	Mar. 31, 2016
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): Three Months Ended March 31, 2016 2015 Supplemental disclosure of cash flow information: Cash paid during the period for: Interest, net of amounts capitalized of $15,149 and $15,176 (Note 6) $ — $ — Income taxes $ 19,876 $ 1,504 Supplemental disclosures of noncash activities: Amortization of senior note discount capitalized to real estate inventory $ 402 $ 380 Amortization of deferred loan costs capitalized to real estate inventory $ 858 $ — Effect of net consolidation and de-consolidation of variable interest entities: Increase in consolidated real estate inventory not owned $ 5,865 $ 1,453 Increase in deposits on real estate under option or contract and other assets $ — $ 129 Increase in noncontrolling interests $ (5,865 ) $ (1,582 )

Supplemental Guarantor Inform42

Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2016
Condensed Financial Information Of Parent Company Only Disclosure [Abstract]
Condensed Consolidating Balance Sheet	Condensed Consolidating Balance Sheet (in thousands): March 31, 2016 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Assets Cash and cash equivalents $ 56,860 $ 87,159 $ — $ 144,019 Receivables 7,150 25,538 — 32,688 Intercompany receivables 860,686 — (860,686 ) — Real estate inventories 742,753 1,962,498 — 2,705,251 Investments in unconsolidated entities — 17,494 — 17,494 Goodwill and other intangible assets, net 156,604 5,291 — 161,895 Investments in subsidiaries 1,134,337 — (1,134,337 ) — Deferred tax assets, net 18,952 107,860 — 126,812 Other assets 10,129 35,789 — 45,918 Total Assets $ 2,987,471 $ 2,241,629 $ (1,995,023 ) $ 3,234,077 Liabilities Accounts payable $ 16,822 $ 50,779 $ — $ 67,601 Intercompany payables — 860,686 (860,686 ) — Accrued expenses and other liabilities 31,561 169,741 — 201,302 Unsecured revolving credit facility 374,392 — — 374,392 Senior notes 869,939 — — 869,939 Total Liabilities 1,292,714 1,081,206 (860,686 ) 1,513,234 Equity Total stockholders’ equity 1,694,757 1,134,337 (1,134,337 ) 1,694,757 Noncontrolling interests — 26,086 — 26,086 Total Equity 1,694,757 1,160,423 (1,134,337 ) 1,720,843 Total Liabilities and Equity $ 2,987,471 $ 2,241,629 $ (1,995,023 ) $ 3,234,077 __________ (1) References to “Issuer” in this Note 19, 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 Balance Sheet (in thousands): December 31, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Assets Cash and cash equivalents $ 147,771 $ 66,714 $ — $ 214,485 Receivables 17,358 26,352 — 43,710 Intercompany receivables 783,956 — (783,956 ) — Real estate inventories 657,221 1,862,052 — 2,519,273 Investments in unconsolidated entities — 18,999 — 18,999 Goodwill and other intangible assets, net 156,604 5,425 — 162,029 Investments in subsidiaries 1,093,261 — (1,093,261 ) — Deferred tax assets, net 19,061 111,596 — 130,657 Other assets 12,219 36,699 — 48,918 Total Assets $ 2,887,451 $ 2,127,837 $ (1,877,217 ) $ 3,138,071 Liabilities Accounts payable $ 20,444 $ 44,396 $ — $ 64,840 Intercompany payables — 783,956 (783,956 ) — Accrued expenses and other liabilities 32,219 184,044 — 216,263 Unsecured revolving credit facility 299,392 — — 299,392 Seller financed loans 2,034 400 — 2,434 Senior notes 868,679 — — 868,679 Total Liabilities 1,222,768 1,012,796 (783,956 ) 1,451,608 Equity Total stockholders’ equity 1,664,683 1,093,261 (1,093,261 ) 1,664,683 Noncontrolling interests — 21,780 — 21,780 Total Equity 1,664,683 1,115,041 (1,093,261 ) 1,686,463 Total Liabilities and Equity $ 2,887,451 $ 2,127,837 $ (1,877,217 ) $ 3,138,071 __________ (1) References to “Issuer” in this Note 19, 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	Condensed Consolidating Statement of Operations (in thousands): Three Months Ended March 31, 2016 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Homebuilding: Home sales revenue $ 131,957 $ 291,098 $ — $ 423,055 Land and lot sales revenue — 355 — 355 Other operations — 580 — 580 Total revenues 131,957 292,033 — 423,990 Cost of home sales 110,452 214,047 — 324,499 Cost of land and lot sales — 779 — 779 Other operations — 566 — 566 Sales and marketing 6,064 20,257 — 26,321 General and administrative 13,212 15,184 — 28,396 Restructuring charges — 135 — 135 Homebuilding income from operations 2,229 41,065 — 43,294 Equity in loss of unconsolidated entities — (14 ) — (14 ) Other income (loss), net 357 (242 ) — 115 Homebuilding income before taxes 2,586 40,809 — 43,395 Financial Services: Revenues — 148 — 148 Expenses — 58 — 58 Equity in income of unconsolidated entities — 715 — 715 Financial services income before taxes — 805 — 805 Income before taxes 2,586 41,614 — 44,200 Equity of net income (loss) of subsidiaries 27,231 — (27,231 ) — Provision for income taxes (1,267 ) (14,223 ) — (15,490 ) Net income (loss) 28,550 27,391 (27,231 ) 28,710 Net income attributable to noncontrolling interests — (160 ) — (160 ) Net income (loss) available to common stockholders $ 28,550 $ 27,231 $ (27,231 ) $ 28,550 __________ (1) References to “Issuer” in this Note 19, 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 (in thousands): Three Months Ended March 31, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Homebuilding: Home sales revenue $ 106,858 $ 267,407 $ — $ 374,265 Land and lot sales revenue — 2,000 — 2,000 Other operations — 993 — 993 Total revenues 106,858 270,400 — 377,258 Cost of home sales 86,981 212,926 — 299,907 Cost of land and lot sales — 2,308 — 2,308 Other operations — 562 — 562 Sales and marketing 4,981 18,305 — 23,286 General and administrative 12,672 15,481 — 28,153 Restructuring charges — 222 — 222 Homebuilding income from operations 2,224 20,596 — 22,820 Equity in income of unconsolidated entities — 107 — 107 Other income, net 39 217 — 256 Homebuilding income before taxes 2,263 20,920 — 23,183 Financial Services: Revenues — — — — Expenses — 26 — 26 Equity in loss of unconsolidated entities — (33 ) — (33 ) Financial services loss from operations before taxes — (59 ) — (59 ) Income before taxes 2,263 20,861 — 23,124 Equity of net income (loss) of subsidiaries 13,861 — (13,861 ) — Provision for income taxes (827 ) (7,000 ) — (7,827 ) Net income (loss) available to common stockholders $ 15,297 $ 13,861 $ (13,861 ) $ 15,297 __________ (1) References to “Issuer” in this Note 19, 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	Condensed Consolidating Statement of Cash Flows (in thousands): Three Months Ended March 31, 2016 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Cash flows from operating activities Net cash used in operating activities $ (73,056 ) $ (66,620 ) $ — $ (139,676 ) Cash flows from investing activities: Purchases of property and equipment (216 ) (195 ) — (411 ) Investments in unconsolidated entities — (13 ) — (13 ) Intercompany (89,524 ) — 89,524 — Net cash (used in) provided by investing activities (89,740 ) (208 ) 89,524 (424 ) Cash flows from financing activities: Borrowings from debt 75,000 — — 75,000 Repayment of debt (2,034 ) (400 ) — (2,434 ) Net repayments of debt held by variable interest entities — (132 ) — (132 ) Contributions from noncontrolling interests — 808 — 808 Distributions to noncontrolling interests — (2,527 ) — (2,527 ) Proceeds from issuance of common stock under share-based awards 6 — — 6 Minimum tax withholding paid on behalf of employees for restricted stock units (1,087 ) — — (1,087 ) Intercompany — 89,524 (89,524 ) — Net cash provided by (used in) financing activities 71,885 87,273 (89,524 ) 69,634 Net (decrease) increase in cash and cash equivalents (90,911 ) 20,445 — (70,466 ) Cash and cash equivalents - beginning of period 147,771 66,714 — 214,485 Cash and cash equivalents - end of period $ 56,860 $ 87,159 $ — $ 144,019 __________ (1) References to “Issuer” in this Note 19, 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 (in thousands): Three Months Ended March 31, 2015 Consolidated Guarantor Consolidating TRI Pointe Issuer (1) Subsidiaries Adjustments Group, Inc. Cash flows from operating activities Net cash used in operating activities $ (52,695 ) $ (55,619 ) $ — $ (108,314 ) Cash flows from investing activities: Purchases of property and equipment (303 ) (75 ) — (378 ) Investments in unconsolidated entities — (978 ) — (978 ) Intercompany (69,212 ) — 69,212 — Net cash (used in) provided by investing activities (69,515 ) (1,053 ) 69,212 (1,356 ) Cash flows from financing activities: Borrowings from notes payable 50,000 — — 50,000 Repayment of notes payable (2,535 ) — — (2,535 ) Net proceeds of debt held by variable interest entities — (742 ) — (742 ) Contributions from noncontrolling interests — 873 — 873 Distributions to noncontrolling interests — (726 ) — (726 ) Proceeds from issuance of common stock under share-based awards 263 — — 263 Excess tax benefits of share-based awards 308 — — 308 Minimum tax withholding paid on behalf of employees for restricted stock units (1,827 ) — — (1,827 ) Intercompany — 69,212 (69,212 ) — Net cash provided by (used in) financing activities 46,209 68,617 (69,212 ) 45,614 Net (decrease) increase in cash and cash equivalents (76,001 ) 11,945 — (64,056 ) Cash and cash equivalents - beginning of period 105,888 64,741 — 170,629 Cash and cash equivalents - end of period $ 29,887 $ 76,686 $ — $ 106,573 __________ (1) References to “Issuer” in this Note 19, 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 Presen43

Organization, Basis of Presentation and Summary of Significant Accounting Policies (Detail) - $ / shares	Jul. 07, 2015	Mar. 31, 2016	Dec. 31, 2015
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, par value	$ 0.01	$ 0.01	$ 0.01
Right to receive common share upon conversion	1
4.375% Senior notes due 2019 [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Interest rate on senior note		4.375%	4.375%
5.875% Senior notes due 2024 [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Interest rate on senior note		5.875%	5.875%
TRI Pointe Homes [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Common stock, par value	$ 0.01
TRI Pointe Homes [Member] | 4.375% Senior notes due 2019 [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Interest rate on senior note	4.375%
Debt instrument, maturity year	2,019
TRI Pointe Homes [Member] | 5.875% Senior notes due 2024 [Member]
Organization And Summary Of Significant Accounting Policies [Line Items]
Interest rate on senior note	5.875%
Debt instrument, maturity year	2,024

Restructuring - Schedule of Res

Restructuring - Schedule of Restructuring Charges (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring And Related Activities [Abstract]
Employee-related charges	$ 13	$ 112
Lease termination charges	122	110
Total	$ 135	$ 222

Restructuring - Additional Info

Restructuring - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost And Reserve [Line Items]
Employee-related charges	$ 13,000	$ 112,000
Lease termination charges	122,000	110,000
Employee-Related Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Employee-related charges	$ 13,000	$ 112,000

Restructuring - Schedule of Cha

Restructuring - Schedule of Changes in Employee Related Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost And Reserve [Line Items]
Current year charges	$ 135	$ 222
Employee-Related Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Accrued charges, beginning of period	220	3,844
Current year charges	13	112
Payments	(159)	(3,423)
Accrued charges, end of period	$ 74	$ 533

Restructuring - Schedule of C47

Restructuring - Schedule of Changes in Lease Termination Related Restructuring Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Restructuring Cost And Reserve [Line Items]
Current year charges	$ 135	$ 222
Lease Termination Restructuring Reserves [Member]
Restructuring Cost And Reserve [Line Items]
Accrued charges, beginning of period	767	1,394
Current year charges	122	110
Payments	(312)	(578)
Accrued charges, end of period	$ 577	$ 926

Segment Information - Additiona

Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016Segment
Segment Reporting [Abstract]
Number of principal businesses	2
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
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Segment Reporting Information [Line Items]
Total homebuilding revenues	$ 423,990	$ 377,258
Financial services, revenues	148
Total revenues	424,138	377,258
Total homebuilding income before taxes	43,395	23,183
Financial services income (loss) before taxes	805	(59)
Income before taxes	44,200	23,124
Real estate inventories	2,705,251		$ 2,519,273
Total assets	3,231,263		3,135,995
Financial services	2,814		2,076
Total assets	3,234,077		3,138,071
Maracay Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding revenues	45,437	32,477
Real estate inventories	211,362		206,912
Pardee Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding revenues	118,933	85,658
Real estate inventories	1,066,086		1,011,982
Quadrant Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding revenues	46,058	45,629
Real estate inventories	209,707		190,038
Trendmaker Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding revenues	43,786	56,208
Real estate inventories	214,290		199,398
Tri Pointe
Segment Reporting Information [Line Items]
Total homebuilding revenues	131,957	106,858
Real estate inventories	742,753		659,130
Winchester Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding revenues	37,819	50,428
Real estate inventories	261,053		251,813
Operating segments [Member] | Maracay Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	2,636	1,040
Total assets	241,762		227,857
Operating segments [Member] | Pardee Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	32,131	13,559
Total assets	1,139,330		1,089,586
Operating segments [Member] | Quadrant Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	3,696	1,580
Total assets	231,436		202,024
Operating segments [Member] | Trendmaker Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	2,058	4,360
Total assets	227,791		213,562
Operating segments [Member] | Tri Pointe
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	10,715	11,132
Total assets	907,366		832,423
Operating segments [Member] | Winchester Homes [Member]
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	661	381
Total assets	289,890		278,374
Corporate [Member]
Segment Reporting Information [Line Items]
Total homebuilding income before taxes	(8,502)	$ (8,869)
Total assets	$ 193,688		$ 292,169

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
	Mar. 31, 2016	Mar. 31, 2015
Numerator:
Net income available to common stockholders	$ 28,550	$ 15,297
Denominator:
Basic weighted-average shares outstanding	161,895,640	161,490,970
Effect of dilutive shares:
Stock options and unvested restricted stock units	296,970	1,316,406
Diluted weighted-average shares outstanding	162,192,610	162,807,376
Earnings per share
Basic	$ 0.18	$ 0.09
Diluted	$ 0.18	$ 0.09
Antidilutive stock options not included in diluted earnings per share	5,449,790	1,266,863

Receivables - Components of Rec

Receivables - Components of Receivables (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Receivables [Abstract]
Escrow proceeds and other accounts receivable, net	$ 22,026	$ 32,917
Warranty insurance receivable (Note 14)	10,362	10,493
Notes and contracts receivable	300	300
Total receivables	$ 32,688	$ 43,710

Real Estate Inventories - Summa

Real Estate Inventories - Summary of Real Estate Inventories (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Real estate inventories owned:
Homes completed or under construction	$ 650,602	$ 575,076
Land under development	1,554,925	1,443,461
Land held for future development	295,428	295,241
Model homes	146,078	140,232
Total real estate inventories owned	2,647,033	2,454,010
Real estate inventories not owned:
Land purchase and land option deposits	24,278	39,055
Consolidated inventory held by VIEs	33,940	26,208
Total real estate inventories not owned	58,218	65,263
Total real estate inventories	$ 2,705,251	$ 2,519,273

Real Estate Inventories - Sum53

Real Estate Inventories - Summary of Interest Incurred, Capitalized and Expensed (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest incurred	$ 15,149	$ 15,176
Interest capitalized	(15,149)	(15,176)
Capitalized interest in beginning inventory	140,311	124,461
Interest capitalized as a cost of inventory	15,149	15,176
Interest previously capitalized as a cost of inventory, included in cost of sales	(8,830)	(6,765)
Capitalized interest in ending inventory	$ 146,630	$ 132,872

Real Estate Inventories - Sched

Real Estate Inventories - Schedule of Land and Lot Option Abandonments and Pre-acquisition Charges (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Real Estate [Abstract]
Land and lot option abandonments and pre-acquisition charges	$ 182	$ 360
Land and lot option abandonments and pre-acquisition charges, Total	$ 182	$ 360

Real Estate Inventories - Addit

Real Estate Inventories - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Real Estate [Abstract]
Real estate inventory impairment charges	$ 0	$ 0

Investments in Unconsolidated56

Investments in Unconsolidated Entities - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2016SegmentInvestment
Minimum [Member]
Investment Holdings [Line Items]
Ownership percentage	7.00%
Maximum [Member]
Investment Holdings [Line Items]
Ownership percentage	55.00%
Homebuilding Partnerships or Limited Liability Companies [Member]
Investment Holdings [Line Items]
Number of equity investments | Investment	6
Financial Services Limited Liability Company [Member]
Investment Holdings [Line Items]
Number of equity investments | Segment	1

Investments in Unconsolidated57

Investments in Unconsolidated Entities - Schedule of Cumulative Investment in Entities on Equity Method, Including Share of Earnings and Losses (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Schedule of Investments [Line Items]
Investments in unconsolidated entities	$ 17,494	$ 18,999
Limited Liability Company Interests [Member]
Schedule of Investments [Line Items]
Investments in unconsolidated entities	14,226	15,739
General Partnership Interests [Member]
Schedule of Investments [Line Items]
Investments in unconsolidated entities	$ 3,268	$ 3,260

Investments in Unconsolidated58

Investments in Unconsolidated Entities - Aggregated Assets, Liabilities and Operating Results of Entities as Equity-Method Investments (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015
Assets
Total assets	$ 115,915	$ 125,810
Liabilities and equity
Accounts payable and other liabilities	8,296	14,443
Company’s equity	17,494	18,999
Outside interests' equity	90,125	92,368
Total liabilities and equity	115,915	125,810
Net sales	3,209	76
Other operating expense	(2,150)	(736)
Other income (expense)	1	2
Net income (loss)	1,060	(658)
Company’s equity in income (loss) of unconsolidated entities	701	74	$ 74
Cash [Member]
Assets
Total assets	14,871	18,641
Receivables [Member]
Assets
Total assets	5,588	13,108
Real Estate Inventories [Member]
Assets
Total assets	94,309	92,881
Other Assets [Member]
Assets
Total assets	$ 1,147	$ 1,180

Variable Interest Entities - Su

Variable Interest Entities - Summary of Interests in Land Option Agreements (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Variable Interest Entity [Line Items]
Deposits	$ 30,743	$ 42,058
Remaining Purchase Price	380,693	377,441
Consolidated inventory held by VIEs	33,940	26,208
Consolidated VIEs [Member]
Variable Interest Entity [Line Items]
Deposits	6,465	3,003
Remaining Purchase Price	27,964	23,239
Consolidated inventory held by VIEs	33,940	26,208
Unconsolidated VIEs [Member]
Variable Interest Entity [Line Items]
Deposits	4,164	11,615
Remaining Purchase Price	94,843	74,590
Other land option agreements [Member]
Variable Interest Entity [Line Items]
Deposits	20,114	27,440
Remaining Purchase Price	$ 257,886	$ 279,612

Variable Interest Entities - Ad

Variable Interest Entities - Additional Information (Detail) - USD ($) $ in Millions	Mar. 31, 2016	Dec. 31, 2015
Other land option agreements [Member]
Variable Interest Entity [Line Items]
Capitalized pre-acquisition costs	$ 8	$ 5

Goodwill and Other Intangible61

Goodwill and Other Intangible Assets - Additional Information (Detail) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)Assets	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Schedule Of Intangible Assets And Goodwill [Line Items]
Goodwill	$ 139,304		$ 139,304
Number of intangible assets | Assets	2
Indefinite-Lived Trade Names [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Indefinite life intangible asset	$ 17,300
Finite-Lived Trade Names [Member]
Schedule Of Intangible Assets And Goodwill [Line Items]
Remaining useful life of amortizing asset	9 years 10 months 24 days		10 years 2 months 12 days
Amortization expense	$ 134	$ 134
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	$ 139,300

Goodwill and Other Intangible62

Goodwill and Other Intangible Assets - Schedule of Goodwill and Other Intangible Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]
Goodwill	$ 139,304	$ 139,304
Trade names, Gross Carrying Amount	27,979	27,979
Gross Carrying Amount	167,283	167,283
Accumulated Amortization	(5,388)	(5,254)
Net Carrying Amount	161,895	162,029
Trade names, Net Carrying Amount	$ 22,591	$ 22,725

Goodwill and Other Intangible63

Goodwill and Other Intangible Assets - Schedule of Expected Amortization of Intangible Asset (Detail) $ in Thousands	Mar. 31, 2016USD ($)
Goodwill And Intangible Assets Disclosure [Abstract]
Remainder of 2016	$ 400
2,017	534
2,018	534
2,019	534
2,020	534
Thereafter	2,755
Total	$ 5,291

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Deferred Costs Capitalized Prepaid And Other Assets Disclosure [Abstract]
Prepaid expenses	$ 11,787	$ 14,523
Refundable fees and other deposits	16,891	17,056
Development rights, held for future use or sale	4,360	4,360
Deferred loan costs - unsecured revolving credit facility	2,128	2,179
Operating properties and equipment, net	7,453	7,643
Other	3,299	3,157
Other assets, total	$ 45,918	$ 48,918

Accrued Expenses and Other Li65

Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Payables And Accruals [Abstract]
Accrued payroll and related costs	$ 13,502	$ 28,264
Warranty reserves (Note 14)	45,419	45,948	$ 33,965	$ 33,270
Estimated cost for completion of real estate inventories	49,221	52,818
Customer deposits	15,422	12,132
Debt (nonrecourse) held by VIEs	2,310	2,442
Income tax liability to Weyerhaeuser (Note 17)	8,975	8,900
Accrued income taxes payable	11,015	19,279
Liability for uncertain tax positions (Note 16)	307	307
Accrued interest	13,937	2,417
Accrued insurance expense	1,408	1,402
Other tax liability	23,477	21,764
Other	16,309	20,590
Total	$ 201,302	$ 216,263

Senior Notes, Unsecured Revol66

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Schedule of Senior Notes (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Senior notes	$ 869,939	$ 868,679
Discount and deferred loan costs	(30,061)	(31,321)
4.375% Senior notes due 2019 [Member]
Debt Instrument [Line Items]
Senior notes	450,000	450,000
5.875% Senior notes due 2024 [Member]
Debt Instrument [Line Items]
Senior notes	$ 450,000	$ 450,000

Senior Notes, Unsecured Revol67

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Schedule of Senior Notes (Parenthetical) (Detail)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
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 Revol68

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Additional Information (Detail)	Jun. 13, 2014USD ($)Account	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	May. 31, 2015USD ($)
Debt Instrument [Line Items]
Proceeds from issuance of senior notes	$ 861,300,000
Number of escrow accounts | Account	2
Capitalization of deferred finance costs		$ 2,128,000		$ 2,179,000
Accrued interest		13,937,000		2,417,000
Notes payable and other borrowings		374,392,000		299,392,000
Outstanding letters of credit		5,300,000
Interest incurred		15,149,000	$ 15,176,000
Notes payable [Member]
Debt Instrument [Line Items]
Amortization of deferred financing costs		1,300,000	$ 1,200,000
Senior Notes [Member]
Debt Instrument [Line Items]
Principal payment on Senior Notes		0
Capitalization of deferred finance costs		19,500,000
Accrued interest		$ 13,500,000		1,900,000
Seller financed loan [Member]
Debt Instrument [Line Items]
Accrued interest				$ 89,000
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
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
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		$ 2,100,000
Accrued interest		$ 484,000		$ 407,000
Unsecured revolving credit facility					$ 550,000,000
Line of credit facility, maturity date		May 18, 2019
Notes payable and other borrowings		$ 374,392,000		$ 299,392,000
Interest rate on revolving credit facility		2.13%
Available secured revolving credit facility		$ 170,300,000
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

Senior Notes, Unsecured Revol69

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Components of Unsecured Revolving Credit Facility (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 374,392	$ 299,392
550 million revolving credit facility [Member]
Debt Instrument [Line Items]
Notes payable and other borrowings	$ 374,392	$ 299,392

Senior Notes, Unsecured Revol70

Senior Notes, Unsecured Revolving Credit Facility and Seller Financed Loans - Components of Seller Financed Loans (Detail) $ in Thousands	Dec. 31, 2015USD ($)
Debt Disclosure [Abstract]
Seller financed loans	$ 2,434

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		Mar. 31, 2016	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes		$ 869,939	$ 868,679
Unsecured revolving credit facility		374,392	299,392
Seller financed loans			2,434
Level 2 [Member] | Recurring [Member] | Book Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	[1]	889,456	889,054
Level 2 [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			2,434
Level 2 [Member] | Recurring [Member] | Fair Value [Member]
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Senior notes	[1]	894,375	881,460
Level 2 [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			2,368
Level 2 [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	[2]	374,392	299,392
Level 2 [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	[2]	$ 374,392	$ 299,392
[1]	The estimated fair value of the Senior Notes at March 31, 2016 and December 31, 2015 is based on quoted market prices.
[2]	We believe that the carrying value of the Credit Facility approximates fair value based on the short term nature of the current market rate amended on May 18, 2015.

Fair Value Disclosures - Summ72

Fair Value Disclosures - Summary of Nonfinancial Assets Measured at Fair Value on a Nonrecurring Basis (Detail) - USD ($)		3 Months Ended		12 Months Ended
		Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventories, impairment charge		$ 0	$ 0
Real estate inventories		$ 2,705,251,000		$ 2,519,273,000
Fair Value Measurements Nonrecurring
Fair Value Assets And Liabilities Measured On Recurring And Nonrecurring Basis [Line Items]
Real estate inventories, impairment charge	[1]			1,167,000
Real estate inventories	[1]			$ 28,540,000
[1]	Fair value of real estate inventories, net of impairment charges represents only those assets whose carrying values were adjusted to fair value in the respective periods presented. The fair value of these real estate inventories impaired was determined based on recent offers received from outside third parties or actual contracts.

Commitments and Contingencies -

Commitments and Contingencies - Additional Information (Detail) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Commitment And Contingencies [Line Items]
Outstanding warranty insurance receivables	$ 10,362,000	$ 10,493,000
Surety bonds [Member]
Commitment And Contingencies [Line Items]
Outstanding surety bonds	426,500,000	414,100,000
Legal Reserve
Commitment And Contingencies [Line Items]
Legal reserves	$ 400,000	$ 450,000

Commitments and Contingencies74

Commitments and Contingencies - Schedule of Warranty Reserves (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserves, beginning of period	$ 45,948	$ 33,270
Warranty reserves accrued	2,073	2,872
Adjustments to pre-existing reserves		301
Warranty expenditures	(2,602)	(2,478)
Warranty reserves, end of period	$ 45,419	$ 33,965

Stock-Based Compensation - Addi

Stock-Based Compensation - Additional Information (Detail) $ / shares in Units, $ in Millions	Mar. 01, 2016$ / sharesshares	Aug. 12, 2015$ / sharesshares	Mar. 09, 2015$ / sharesshares	Mar. 05, 2015$ / sharesshares	Jul. 16, 2014shares	Mar. 31, 2016USD ($)shares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized stock based compensation related to all stock-based awards | $						$ 27.2
Weighted average period, expense to recognize						2 years 3 months 18 days
Restricted Stock Units (RSUs) [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted						1,829,923
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			3 years
Restricted stock units, granted	1,120,677			440,800
Closing stock price on date of grant | $ / shares	$ 10.49			$ 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]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Closing stock price on date of grant | $ / shares	$ 4.76
Performance period initiation date	Jan. 1, 2016
Performance period expiration date	Dec. 31, 2018
Performance-based RSUs, Description						performance-based RSUs will not vest if the Company’s total stockholder return from January 1, 2016 to December 31, 2018 is not a positive number, provided that the executive will thereafter become vested in the award units, or portion thereof, that would have otherwise vested on December 31, 2018 if on any day after December 31, 2018 and on or before December 31, 2020, the Company’s total stockholder return is greater than zero and the executive is employed by the Company on that date. If the performance-based RSUs have not vested on or before December 31, 2020, such performance-based RSUs shall be cancelled and forfeited for no consideration.
Performance-based RSUs [Member] | Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocation amount percentage	0.00%
Performance-based RSUs [Member] | Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Allocation amount percentage	100.00%
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	297,426		411,804
Performance-based RSUs [Member] | President [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted stock units, granted	285,986		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	125,834		274,536
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						7,637,283
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
	Mar. 31, 2016	Mar. 31, 2015
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]
Total stock-based compensation	$ 2,605	$ 2,381

Stock-Based Compensation - Su77

Stock-Based Compensation - Summary of Stock Option Awards (Detail) - Employee Stock Option [Member] - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Options, Outstanding, Balance	3,220,147
Options, Exercised	(1,401)
Options, Forfeited	(144,407)
Options, Outstanding, Balance	3,074,339	3,220,147
Options exercisable at March 31, 2016	2,871,261
Weighted Average Exercise Price, Outstanding, Balance	$ 13.12
Weighted Average Exercise Price, Exercised	4.51
Weighted Average Exercise Price, Forfeited	12.33
Weighted Average Exercise Price, Outstanding, Balance	13.15	$ 13.12
Weighted Average Exercise Price, Options exercisable at March 31, 2016	$ 12.46
Weighted Average Remaining Contractual Life, Outstanding	5 years 1 month 6 days	5 years 2 months 12 days
Weighted Average Remaining Contractual Life, Options exercisable at March 31, 2016	4 years 7 months 6 days
Aggregate Intrinsic Value, Outstanding, Balance	$ 2,075	$ 3,081
Aggregate Intrinsic Value, Outstanding, Options exercisable at March 31, 2016	$ 2,515

Stock-Based Compensation - Su78

Stock-Based Compensation - Summary of Restricted Stock Units (Detail) - Restricted Stock Units (RSUs) [Member] $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2016USD ($)$ / sharesshares
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Nonvested Restricted Stock Units, Beginning Balance | shares	1,958,033
Nonvested Restricted Stock Units, Granted | shares	1,829,923
Nonvested Restricted Stock Units, Vested | shares	(298,772)
Nonvested Restricted Stock Units, Forfeited | shares	(714)
Nonvested Restricted Stock Units, Ending Balance | shares	3,488,470
Weighted Average Grant Date Fair Value, Beginning Balance | $ / shares	$ 12.21
Weighted Average Grant Date Fair Value, Granted | $ / shares	8.27
Weighted Average Grant Date Fair Value, Vested | $ / shares	14.26
Weighted Average Grant Date Fair Value, Forfeited | $ / shares	14.48
Weighted Average Grant Date Fair Value, Ending Balance | $ / shares	$ 9.93
Aggregate Intrinsic Value, Beginning Balance | $	$ 24,808
Aggregate Intrinsic Value, Granted | $	21,556
Aggregate Intrinsic Value, Ending Balance | $	$ 41,094

Income Taxes - Additional Infor

Income Taxes - Additional Information (Detail) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Income Tax Disclosure [Abstract]
Net deferred tax assets	$ 126,812,000		$ 130,657,000
Valuation allowance related to net deferred tax assets	3,300,000		4,400,000
Provision for income taxes	(15,490,000)	$ (7,827,000)
Liability for uncertain tax positions	$ 307,000		$ 307,000

Related Party Transactions - Ad

Related Party Transactions - Additional Information (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015
Related Party Transaction [Line Items]
Income tax liability to Weyerhaeuser	$ 8,975	$ 8,900
Weyerhaeuser [Member] | Accrued Expenses and Other Liabilities [Member]
Related Party Transaction [Line Items]
Income tax liability to Weyerhaeuser	$ 9,000	$ 8,900

Supplemental Disclosure to Co81

Supplemental Disclosure to Consolidated Statements of Cash Flow - Supplemental Disclosure to Consolidated Statements of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Supplemental disclosure of cash flow information:
Income taxes	$ 19,876	$ 1,504
Supplemental disclosures of noncash activities:
Amortization of senior note discount capitalized to real estate inventory	402	380
Amortization of deferred loan costs capitalized to real estate inventory	858
Effect of net consolidation and de-consolidation of variable interest entities:
Increase in consolidated real estate inventory not owned	5,865	1,453
Increase in deposits on real estate under option or contract and other assets		129
Increase in noncontrolling interests	$ (5,865)	$ (1,582)

Supplemental Disclosure to Co82

Supplemental Disclosure to Consolidated Statement of Cash Flow - Supplemental Disclosure to Consolidated Statement of Cash Flows (Parenthetical) (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Supplemental Cash Flow Elements [Abstract]
Interest capitalized	$ 15,149	$ 15,176

Supplemental Guarantor Inform83

Supplemental Guarantor Information - Additional Information (Detail)	Mar. 31, 2016
Non-Guarantor Subsidiaries | Maximum [Member]
Condensed Financial Statements Captions [Line Items]
Percentage of Non-Guarantor Subsidiaries	3.00%

Supplemental Guarantor Inform84

Supplemental Guarantor Information - Condensed Consolidating Balance Sheet (Detail) - USD ($) $ in Thousands	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Assets
Cash and cash equivalents	$ 144,019	$ 214,485	$ 106,573	$ 170,629
Receivables	32,688	43,710
Real estate inventories	2,705,251	2,519,273
Investments in unconsolidated entities	17,494	18,999
Goodwill and other intangible assets, net	161,895	162,029
Deferred tax assets, net	126,812	130,657
Other assets	45,918	48,918
Total assets	3,234,077	3,138,071
Liabilities
Accounts payable	67,601	64,840
Accrued expenses and other liabilities	201,302	216,263
Unsecured revolving credit facility	374,392	299,392
Seller financed loans		2,434
Senior notes	869,939	868,679
Total liabilities	1,513,234	1,451,608
Equity
Total stockholders’ equity	1,694,757	1,664,683
Noncontrolling interests	26,086	21,780
Total equity	1,720,843	1,686,463		1,472,476
Total liabilities and equity	3,234,077	3,138,071
Reporting Entity [Member] | Issuer [Member]
Assets
Cash and cash equivalents	56,860	147,771	29,887	105,888
Receivables	7,150	17,358
Intercompany receivables	860,686	783,956
Real estate inventories	742,753	657,221
Goodwill and other intangible assets, net	156,604	156,604
Investments in subsidiaries	1,134,337	1,093,261
Deferred tax assets, net	18,952	19,061
Other assets	10,129	12,219
Total assets	2,987,471	2,887,451
Liabilities
Accounts payable	16,822	20,444
Accrued expenses and other liabilities	31,561	32,219
Unsecured revolving credit facility	374,392	299,392
Seller financed loans		2,034
Senior notes	869,939	868,679
Total liabilities	1,292,714	1,222,768
Equity
Total stockholders’ equity	1,694,757	1,664,683
Total equity	1,694,757	1,664,683
Total liabilities and equity	2,987,471	2,887,451
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	87,159	66,714	$ 76,686	$ 64,741
Receivables	25,538	26,352
Real estate inventories	1,962,498	1,862,052
Investments in unconsolidated entities	17,494	18,999
Goodwill and other intangible assets, net	5,291	5,425
Deferred tax assets, net	107,860	111,596
Other assets	35,789	36,699
Total assets	2,241,629	2,127,837
Liabilities
Accounts payable	50,779	44,396
Intercompany payables	860,686	783,956
Accrued expenses and other liabilities	169,741	184,044
Seller financed loans		400
Total liabilities	1,081,206	1,012,796
Equity
Total stockholders’ equity	1,134,337	1,093,261
Noncontrolling interests	26,086	21,780
Total equity	1,160,423	1,115,041
Total liabilities and equity	2,241,629	2,127,837
Consolidating Adjustments [Member]
Assets
Intercompany receivables	(860,686)	(783,956)
Investments in subsidiaries	(1,134,337)	(1,093,261)
Total assets	(1,995,023)	(1,877,217)
Liabilities
Intercompany payables	(860,686)	(783,956)
Total liabilities	(860,686)	(783,956)
Equity
Total stockholders’ equity	(1,134,337)	(1,093,261)
Total equity	(1,134,337)	(1,093,261)
Total liabilities and equity	$ (1,995,023)	$ (1,877,217)

Supplemental Guarantor Inform85

Supplemental Guarantor Information - Condensed Consolidating Statement of Operations (Detail) - USD ($) $ in Thousands	3 Months Ended		12 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Homebuilding:
Home sales revenue	$ 423,055	$ 374,265
Land and lot sales revenue	355	2,000
Other operations	580	993
Total revenues	423,990	377,258
Cost of home sales	324,499	299,907
Cost of land and lot sales	779	2,308
Other operations	566	562
Sales and marketing	26,321	23,286
General and administrative	28,396	28,153
Restructuring charges	135	222
Homebuilding income from operations	43,294	22,820
Equity in (loss) income of unconsolidated entities	(14)	107
Other income (loss), net	115	256
Homebuilding income before taxes	43,395	23,183
Financial Services:
Revenues	148
Expenses	58	26
Equity in income (loss) of unconsolidated entities	715	(33)
Financial services income (loss) from operations before taxes	805	(59)
Income before taxes	44,200	23,124
Provision for income taxes	(15,490)	(7,827)
Net income	28,710	15,297	$ 207,181
Net income attributable to noncontrolling interests	(160)
Net income available to common stockholders	28,550	15,297
Reporting Entity [Member] | Issuer [Member]
Homebuilding:
Home sales revenue	131,957	106,858
Total revenues	131,957	106,858
Cost of home sales	110,452	86,981
Sales and marketing	6,064	4,981
General and administrative	13,212	12,672
Homebuilding income from operations	2,229	2,224
Other income (loss), net	357	39
Homebuilding income before taxes	2,586	2,263
Financial Services:
Income before taxes	2,586	2,263
Equity of net income (loss) of subsidiaries	27,231	13,861
Provision for income taxes	(1,267)	(827)
Net income	28,550
Net income available to common stockholders	28,550	15,297
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Homebuilding:
Home sales revenue	291,098	267,407
Land and lot sales revenue	355	2,000
Other operations	580	993
Total revenues	292,033	270,400
Cost of home sales	214,047	212,926
Cost of land and lot sales	779	2,308
Other operations	566	562
Sales and marketing	20,257	18,305
General and administrative	15,184	15,481
Restructuring charges	135	222
Homebuilding income from operations	41,065	20,596
Equity in (loss) income of unconsolidated entities	(14)	107
Other income (loss), net	(242)	217
Homebuilding income before taxes	40,809	20,920
Financial Services:
Revenues	148
Expenses	58	26
Equity in income (loss) of unconsolidated entities	715	(33)
Financial services income (loss) from operations before taxes	805	(59)
Income before taxes	41,614	20,861
Provision for income taxes	(14,223)	(7,000)
Net income	27,391
Net income attributable to noncontrolling interests	(160)
Net income available to common stockholders	27,231	13,861
Consolidating Adjustments [Member]
Financial Services:
Equity of net income (loss) of subsidiaries	(27,231)	(13,861)
Net income	(27,231)
Net income available to common stockholders	$ (27,231)	$ (13,861)

Supplemental Guarantor Inform86

Supplemental Guarantor Information - Condensed Consolidating Statement of Cash Flows (Detail) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Cash flows from operating activities
Net cash used in operating activities	$ (139,676)	$ (108,314)
Cash flows from investing activities:
Purchases of property and equipment	(411)	(378)
Investments in unconsolidated entities	(13)	(978)
Net cash used in investing activities	(424)	(1,356)
Cash flows from financing activities:
Borrowings from debt	75,000	50,000
Repayment of debt	(2,434)	(2,535)
Borrowings from notes payable		50,000
Repayment of notes payable		(2,535)
Net proceeds (repayments) of debt held by variable interest entities	(132)	(742)
Contributions from noncontrolling interests	808	873
Distributions to noncontrolling interests	(2,527)	(726)
Proceeds from issuance of common stock under share-based awards	6	263
Excess tax benefits of share-based awards		308
Minimum tax withholding paid on behalf of employees for share-based awards	(1,087)	(1,827)
Net cash provided by financing activities	69,634	45,614
Net decrease in cash and cash equivalents	(70,466)	(64,056)
Cash and cash equivalents - beginning of period	214,485	170,629
Cash and cash equivalents - end of period	144,019	106,573
Reporting Entity [Member] | Issuer [Member]
Cash flows from operating activities
Net cash used in operating activities	(73,056)	(52,695)
Cash flows from investing activities:
Purchases of property and equipment	(216)	(303)
Intercompany	(89,524)	(69,212)
Net cash used in investing activities	(89,740)	(69,515)
Cash flows from financing activities:
Borrowings from debt	75,000
Repayment of debt	(2,034)
Borrowings from notes payable		50,000
Repayment of notes payable		(2,535)
Proceeds from issuance of common stock under share-based awards	6	263
Excess tax benefits of share-based awards		308
Minimum tax withholding paid on behalf of employees for share-based awards	(1,087)	(1,827)
Net cash provided by financing activities	71,885	46,209
Net decrease in cash and cash equivalents	(90,911)	(76,001)
Cash and cash equivalents - beginning of period	147,771	105,888
Cash and cash equivalents - end of period	56,860	29,887
Reporting Entity [Member] | Guarantor Subsidiaries [Member]
Cash flows from operating activities
Net cash used in operating activities	(66,620)	(55,619)
Cash flows from investing activities:
Purchases of property and equipment	(195)	(75)
Investments in unconsolidated entities	(13)	(978)
Net cash used in investing activities	(208)	(1,053)
Cash flows from financing activities:
Repayment of debt	(400)
Net proceeds (repayments) of debt held by variable interest entities	(132)	(742)
Contributions from noncontrolling interests	808	873
Distributions to noncontrolling interests	(2,527)	(726)
Intercompany	89,524	69,212
Net cash provided by financing activities	87,273	68,617
Net decrease in cash and cash equivalents	20,445	11,945
Cash and cash equivalents - beginning of period	66,714	64,741
Cash and cash equivalents - end of period	87,159	76,686
Consolidating Adjustments [Member]
Cash flows from investing activities:
Intercompany	89,524	69,212
Net cash used in investing activities	89,524	69,212
Cash flows from financing activities:
Intercompany	(89,524)	(69,212)
Net cash provided by financing activities	$ (89,524)	$ (69,212)