New Home (NWHM) 10-Q 31 Oct 19 2019 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2019	Oct. 29, 2019
Document Information [Line Items]
Entity Central Index Key	0001574596
Entity Registrant Name	New Home Co Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q3
Document Fiscal Year Focus	2019
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2019
Document Transition Report	false
Entity File Number	001-36283
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	27-0560089
Entity Address, Address Line One	85 Enterprise, Suite 450
Entity Address, City or Town	Aliso Viejo
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92656
City Area Code	949
Local Phone Number	382-7800
Title of 12(b) Security	Common Stock, $0.01 par value
Trading Symbol	NWHM
Security Exchange Name	NYSE
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	true
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		20,096,969

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 40,892	$ 42,273
Restricted cash	119	269
Contracts and accounts receivable	12,551	18,265
Due from affiliates	390	1,218
Real estate inventories	506,298	566,290
Investment in and advances to unconsolidated joint ventures	32,566	34,330
Other assets	31,071	33,452
Total assets	623,887	696,097
Liabilities and equity
Accounts payable	23,559	39,391
Accrued expenses and other liabilities	37,748	29,028
Unsecured revolving credit facility	18,000	67,500
Senior notes, net	309,421	320,148
Total liabilities	388,728	456,067
Commitments and contingencies (Note 11)
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares outstanding	0	0
Common stock, $0.01 par value, 500,000,000 shares authorized, 20,096,969 and 20,058,904, shares issued and outstanding as of September 30, 2019 and December 31, 2018, respectively	201	201
Additional paid-in capital	193,263	193,132
Retained earnings	41,582	46,621
Total stockholders' equity	235,046	239,954
Non-controlling interest in subsidiary	113	76
Total equity	235,159	240,030
Total liabilities and equity	$ 623,887	$ 696,097

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Sep. 30, 2019	Dec. 31, 2018
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	50,000,000	50,000,000
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	20,096,969	20,058,904
Common stock, shares outstanding (in shares)	20,096,969	20,058,904

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Revenues	$ 165,616	$ 159,114	$ 447,213	$ 437,900
Cost of Sales:
Cost of Sales	157,056	140,248	408,188	392,357
Impairments	3,600	0	3,600	0
Gross Margin:
Gross Margin	8,560	18,866	39,025	45,543
Selling and marketing expenses	(7,828)	(9,206)	(26,190)	(25,311)
General and administrative expenses	(5,361)	(6,184)	(18,593)	(18,182)
Equity in net income (loss) of unconsolidated joint ventures	(63)	34	306	249
Gain on early extinguishment of debt	0	0	969	0
Other income (expense), net	(86)	(110)	(381)	(228)
Pretax income (loss)	(4,778)	3,400	(4,864)	2,071
(Provision) benefit for income taxes	172	(944)	(138)	(151)
Net income (loss)	(4,606)	2,456	(5,002)	1,920
Net (income) loss attributable to non-controlling interest	(18)	3	(37)	14
Net income (loss) attributable to The New Home Company Inc.	$ (4,624)	$ 2,459	$ (5,039)	$ 1,934
Earnings (loss) per share attributable to The New Home Company Inc.:
Basic (in dollars per share)	$ (0.23)	$ 0.12	$ (0.25)	$ 0.09
Diluted (in dollars per share)	$ (0.23)	$ 0.12	$ (0.25)	$ 0.09
Weighted average shares outstanding:
Basic (in shares)	20,096,969	20,693,473	20,051,751	20,859,402
Diluted (in shares)	20,096,969	20,762,441	20,051,751	20,970,050
Home Building [Member]
Revenues:
Revenues	$ 118,781	$ 119,874	$ 358,431	$ 316,771
Cost of Sales:
Cost of Sales	105,763	102,124	315,857	274,496
Impairments	1,700	0	1,700	0
Gross Margin:
Gross Margin	11,318	17,750	40,874	42,275
Land [Member]
Revenues:
Revenues	24,573	0	24,573	0
Cost of Sales:
Cost of Sales	26,078	0	26,078	0
Impairments	1,900	0	1,900	0
Gross Margin:
Gross Margin	(3,405)	0	(3,405)	0
Construction [Member]
Revenues:
Revenues	22,262	39,240	64,209	121,129
Cost of Sales:
Cost of Sales	21,615	38,124	62,653	117,861
Gross Margin:
Gross Margin	$ 647	$ 1,116	$ 1,556	$ 3,268

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Operations (Unaudited) (Parentheticals) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues	$ 165,616	$ 159,114	$ 447,213	$ 437,900
Management Service [Member]
Revenues	$ 524	$ 859	$ 1,686	$ 2,511

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Equity (Unaudited) - USD ($) $ in Thousands	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2017	20,876,837
Balance at Dec. 31, 2017	$ 209	$ 199,474	$ 64,307	$ 263,990	$ 90	$ 264,080
Net income (loss)	0	0	1,934	1,934	(14)	1,920
Stock-based compensation expense	$ 0	2,326	0	2,326	0	2,326
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans (in shares)	(86,692)
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans	$ 0	(982)	0	(982)	0	(982)
Shares issued through stock plans (in shares)	271,875
Shares issued through stock plans	$ 2	(2)	0	0	0	$ 0
Repurchase of common stock (in shares)	(623,611)					(623,611)
Repurchase of common stock	$ (7)	(5,634)	(123)	(5,764)	0	$ (5,764)
Adoption of ASC 606 and ASU 2018-07 (see Note 1) at Dec. 31, 2017	$ 0	(18)	(3,347)	(3,365)	0	(3,365)
Balance (in shares) at Sep. 30, 2018	20,438,409
Balance at Sep. 30, 2018	$ 204	195,164	62,771	258,139	76	258,215
Balance (in shares) at Jun. 30, 2018	20,855,778
Balance at Jun. 30, 2018	$ 209	198,234	60,312	258,755	79	258,834
Net income (loss)	0	0	2,459	2,459	(3)	2,456
Stock-based compensation expense	$ 0	622	0	622	0	622
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans (in shares)	(510)
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans	$ 0	(5)	0	(5)	0	(5)
Shares issued through stock plans (in shares)	1,512
Shares issued through stock plans	$ 0	0	0	0	0	0
Repurchase of common stock (in shares)	(418,371)
Repurchase of common stock	$ (5)	(3,687)	0	(3,692)	0	(3,692)
Balance (in shares) at Sep. 30, 2018	20,438,409
Balance at Sep. 30, 2018	$ 204	195,164	62,771	258,139	76	$ 258,215
Balance (in shares) at Dec. 31, 2018	20,058,904					20,058,904
Balance at Dec. 31, 2018	$ 201	193,132	46,621	239,954	76	$ 240,030
Net income (loss)	0	0	(5,039)	(5,039)	37	(5,002)
Stock-based compensation expense	$ 0	1,661	0	1,661	0	1,661
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans (in shares)	(85,420)
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans	$ 0	(488)	0	(488)	0	(488)
Shares issued through stock plans (in shares)	277,401
Shares issued through stock plans	$ 2	(2)	0	0	0	$ 0
Repurchase of common stock (in shares)	(153,916)					(153,916)
Repurchase of common stock	$ (2)	(1,040)	0	(1,042)	0	$ (1,042)
Balance (in shares) at Sep. 30, 2019	20,096,969					20,096,969
Balance at Sep. 30, 2019	$ 201	193,263	41,582	235,046	113	$ 235,159
Balance (in shares) at Jun. 30, 2019	20,096,969
Balance at Jun. 30, 2019	$ 201	192,691	46,206	239,098	95	239,193
Net income (loss)	0	0	(4,624)	(4,624)	18	(4,606)
Stock-based compensation expense	$ 0	572	0	572	0	$ 572
Balance (in shares) at Sep. 30, 2019	20,096,969					20,096,969
Balance at Sep. 30, 2019	$ 201	$ 193,263	$ 41,582	$ 235,046	$ 113	$ 235,159

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Operating activities:
Net income (loss)	$ (5,002)	$ 1,920
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:
Deferred taxes	0	(1,481)
Amortization of stock-based compensation	1,661	2,326
Distributions of earnings from unconsolidated joint ventures	319	715
Impairments	3,600	0
Abandoned project costs	29	81
Equity in net income of unconsolidated joint ventures	(306)	(249)
Deferred profit from unconsolidated joint ventures	0	136
Depreciation and amortization	7,008	4,497
Gain on early extinguishment of debt	(969)	0
Net changes in operating assets and liabilities:
Contracts and accounts receivable	5,714	2,367
Due from affiliates	790	(247)
Real estate inventories	62,953	(138,632)
Other assets	(2,390)	(8,324)
Accounts payable	(15,832)	14,959
Accrued expenses and other liabilities	1,016	(14,036)
Net cash provided by (used in) operating activities	58,591	(135,968)
Investing activities:
Purchases of property and equipment	(26)	(215)
Contributions and advances to unconsolidated joint ventures	(5,083)	(12,670)
Distributions of capital and repayment of advances from unconsolidated joint ventures	6,873	14,316
Interest collected on advances to unconsolidated joint ventures	0	178
Net cash provided by investing activities	1,764	1,609
Financing activities:
Borrowings from credit facility	40,000	115,000
Repayments of credit facility	(89,500)	(53,000)
Repurchases of senior notes	(10,856)	0
Repurchases of common stock	(1,042)	(5,764)
Tax withholding paid on behalf of employees for stock awards	(488)	(982)
Net cash (used in) provided by financing activities	(61,886)	55,254
Net decrease in cash, cash equivalents and restricted cash	(1,531)	(79,105)
Cash, cash equivalents and restricted cash – beginning of period	42,542	123,970
Cash, cash equivalents and restricted cash – end of period	$ 41,011	$ 44,865

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. Organization The New Home Company Inc. (the "Company"), a Delaware corporation, and its subsidiaries are primarily engaged in all aspects of residential real estate development, including acquiring land and designing, constructing and selling homes in California and Arizona. Based on our public float at June 29, 2018, Basis of Presentation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts have been eliminated upon consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10 X 10 December 31, 2018 not Unless the context otherwise requires, the terms "we", "us", "our" and "the Company" refer to the Company and its wholly owned subsidiaries, on a consolidated basis. Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying condensed consolidated financial statements and notes. Accordingly, actual results could differ materially from these estimates. Reclassification The Company updated its reportable segments effective for the 2019 first 15 Segment Reporting Accounting Standards Codification ("ASC") 280, Segment Reporting 280" 280, Cash and Cash Equivalents We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short term liquid investments with a maturity date of less than three Restricted Cash Restricted cash of $0.1 million and $0.3 million as of September 30, 2019 December 31, 2018 The table below shows the line items and amounts of cash and cash equivalents and restricted cash as reported within the Company's condensed consolidated balance sheets for each period shown that sum to the total of the same such amounts at the end of the periods shown in the accompanying condensed consolidated statements of cash flows. Nine Months Ended September 30, 2019 2018 (Dollars in thousands) Cash and cash equivalents $ 40,892 $ 44,070 Restricted cash 119 795 Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 41,011 $ 44,865 Real Estate Inventories and Cost of Sales We capitalize pre-acquisition, land, development and other allocated costs, including interest, property taxes and indirect construction costs. Pre-acquisition costs, including nonrefundable land deposits, are expensed to other income (expense), net if we determine continuation of the prospective project is not Land, development and other common costs are typically allocated to real estate inventories using a methodology that approximates the relative-sales-value method. Home construction costs per production phase are recorded using the specific identification method. Cost of sales for homes closed includes the estimated total construction costs of each home at completion and an allocation of all applicable land acquisition, land development and related common costs (both incurred and estimated to be incurred) based upon the relative-sales-value of the home within each project. Changes in estimated development and common costs are allocated prospectively to remaining homes in the project. In accordance with ASC 360, Property, Plant and Equipment 360" not not If there are indicators of impairment, we perform a detailed budget and cash flow review of the applicable real estate inventories to determine whether the estimated future undiscounted cash flows of the project are more or less than the asset’s carrying value. If the estimated future undiscounted cash flows exceed the asset’s carrying value, no 820, Fair Value Measurements and Disclosures 820" When estimating undiscounted future cash flows of a project, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other projects, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not may Many assumptions are interdependent and a change in one may may If a real estate asset is deemed impaired, the impairment is calculated by determining the amount the asset's carrying value exceeds its fair value in accordance with ASC 820. not three nine September 30, 2019, 4. three nine September 30, 2018. Capitalization of Interest We follow the practice of capitalizing interest to real estate inventories during the period of development and to investments in unconsolidated joint ventures, when applicable, in accordance with ASC 835, Interest 835" third third 835, Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers 606" 606, five 606: Home Sales and Profit Recognition In accordance with ASC 606, not Land Sales and Profit Recognition In accordance with ASC 606, may may not Fee Building The Company enters into fee building agreements to provide services whereby it builds homes on behalf of third third third third 606, The Company also provides construction management and coordination services and sales and marketing services as part of agreements with third 606. may 606. The Company’s fee building revenues have historically been concentrated with a small number of customers. For the three nine September 30, 2019 2018 third September 30, 2019 December 31, 2018 Variable Interest Entities The Company accounts for variable interest entities in accordance with ASC 810, Consolidation 810" 810, not not not not Once we consider the sufficiency of equity and voting rights of each legal entity, we then evaluate the characteristics of the equity holders' interests, as a group, to see if they qualify as controlling financial interests. Our real estate joint ventures consist of limited partnerships and limited liability companies. For entities structured as limited partnerships or limited liability companies, our evaluation of whether the equity holders (equity partners other than us in each our joint ventures) lack the characteristics of a controlling financial interest includes the evaluation of whether the limited partners or non-managing members (the non-controlling equity holders) lack both substantive participating rights and substantive kick-out rights, defined as follows: • Participating rights - provide the non-controlling equity holders the ability to direct significant financial and operational decision made in the ordinary course of business that most significantly influence the entity's economic performance. • Kick-out rights - allow the non-controlling equity holders to remove the general partner or managing member without cause. If we conclude that any of the three If an entity is deemed to be a VIE pursuant to ASC 810, Under ASC 810, may not may not may September 30, 2019 of $15.7 million As of September 30, 2019 December 31, 2018 not 810, Non-controlling Interest During 2013, third 810, not September 30, 2019 December 31, 2018 third Investments in and Advances to Unconsolidated Joint Ventures We use the equity method to account for investments in homebuilding and land development joint ventures when any of the following situations exist: 1 not 2 not 3 As of September 30, 2019 none Under the equity method, we recognize our proportionate share of earnings and losses generated by the joint venture upon the delivery of lots or homes to third third 230, Statement of Cash Flows 230" We review real estate inventory held by our unconsolidated joint ventures for impairment on a quarterly basis, consistent with how we review our real estate inventories as described in more detail above in the section entitled "Real Estate Inventories and Cost of Sales." We also review our investments in and advances to unconsolidated joint ventures for evidence of other-than-temporary declines in value in accordance with ASC 820. not For the three nine September 30, 2019 2018 , no impairments related to investment in and advances to unconsolidated joint ventures were recorded. Selling and Marketing Expense Costs incurred for tangible assets directly used in the sales process such as our sales offices, design studios and model landscaping and furnishings are capitalized to other assets in the accompanying condensed consolidated balance sheets under ASC 340, Other Assets and Deferred Costs 340" Warranty Accrual We offer warranties on our homes that generally cover various defects in workmanship or materials, or structural construction defects for one two third Contracts and Accounts Receivable Contracts and accounts receivable primarily represent the fees earned, but not not not September 30, 2019 December 31, 2018 Property, Equipment and Capitalized Selling and Marketing Costs Property, equipment and capitalized selling and marketing costs are recorded at cost and included in other assets in the accompanying condensed consolidated balance sheets. Property and equipment are depreciated to general and administrative expenses using the straight-line method over their estimated useful lives ranging from three five Income Taxes Income taxes are accounted for in accordance with ASC 740, Income Taxes 740" Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not 50% 740. not Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial statements. At September 30, 2019 December 31, 2018 ASC 740 not, not September 30, 2019 The Company classifies any interest and penalties related to income taxes assessed as part of income tax expense. As of September 30, 2019 no Stock-Based Compensation We account for share-based awards in accordance with ASC 718, Compensation – Stock Compensation 718" 505 50, Equity – Equity Based Payments to Non-Employees 505 50" ASC 718 718 On February 16, 2017, 505 50, 505 50 March 31, 2018. 505 50 505 50 505 50 In June 2018, No. 2018 07, Improvements to Nonemployee Share-Based Payment Accounting 2018 07" 718 718, 2018 07 April 1, 2018, not April 1, 2018 2018 07 one 2018 March 31, 2019. Share Repurchase and Retirement When shares are retired, the Company’s policy is to allocate the excess of the repurchase price over the par value of shares acquired to both retained earnings and additional paid-in capital. The portion allocated to additional paid-in capital is determined by applying a percentage, which is determined by dividing the number of shares to be retired by the number of shares issued, to the balance of additional paid-in capital as of the retirement date. The residual, if any, is allocated to retained earnings as of the retirement date. During the nine September 30, 2019 2018 Dividends No dividends were paid on our common stock during the three nine September 30, 2019 2018 not not Recently Issued Accounting Standards The Company currently qualifies as an "emerging growth company" pursuant to the provisions of the Jumpstart Our Business Startups Act of 2012 102 7 2 1933, In February 2016, No. 2016 02, Leases (Topic 842 842" 842 842, 12 842 The Company adopted ASC 842 January 1, 2019 842 not 11. For leases that commenced before the January 1, 2019 842 10 65 1 1. An entity need not 2. An entity need not 840, Leases 840 3. An entity need not In June 2016, 2016 13, Financial Instruments - Credit Losses (Topic 326 2016 13" 2019 04, Codification Improvements to Topic 326, 815, 825, April 2019 2019 05, Financial Instruments - Credit Losses (Topic 326 May 2019 January 1, 2020, October 2019, December 15, 2022, not . In August 2018, 2018 13, Fair Value Measurement (Topic 820 2018 13" 2018 13 December 15, 2019. not

Note 2 - Computation of Earning

Note 2 - Computation of Earnings (Loss) Per Share	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Earnings Per Share [Text Block]	2. The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share for the three nine September 30, 2019 2018 Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands, except per share amounts) Numerator: Net income (loss) attributable to The New Home Company Inc. $ (4,624 ) $ 2,459 $ (5,039 ) $ 1,934 Denominator: Basic weighted-average shares outstanding 20,096,969 20,693,473 20,051,751 20,859,402 Effect of dilutive shares: Stock options and unvested restricted stock units — 68,968 — 110,648 Diluted weighted-average shares outstanding 20,096,969 20,762,441 20,051,751 20,970,050 Basic earnings (loss) per share attributable to The New Home Company Inc. $ (0.23 ) $ 0.12 $ (0.25 ) $ 0.09 Diluted earnings (loss) per share attributable to The New Home Company Inc. $ (0.23 ) $ 0.12 $ (0.25 ) $ 0.09 Antidilutive stock options and unvested restricted stock units not included in diluted earnings (loss) per share 1,491,479 952,882 1,311,389 931,310

Note 3 - Contracts and Accounts

Note 3 - Contracts and Accounts Receivable	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. Contracts and accounts receivable consist of the following: September 30, December 31, 2019 2018 (Dollars in thousands) Contracts receivable: Costs incurred on fee building projects $ 62,653 $ 159,136 Estimated earnings 1,556 4,401 64,209 163,537 Less: amounts collected during the period (57,849 ) (154,743 ) Contracts receivable $ 6,360 $ 8,794 Contracts receivable: Billed $ — $ — Unbilled 6,360 8,794 6,360 8,794 Accounts receivable: Escrow receivables 5,885 8,787 Other receivables 306 684 Contracts and accounts receivable $ 12,551 $ 18,265 Billed contracts receivable represent amounts billed to customers that have yet to be collected. Unbilled contracts receivable represents the contract revenue recognized but not September 30, 2019 December 31, 2018 30 September 30, 2019 December 31, 2018

Note 4 - Real Estate Inventorie

Note 4 - Real Estate Inventories	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Real Estate Disclosure [Text Block]	4. Real estate inventories are summarized as follows: September 30, December 31, 2019 2018 (Dollars in thousands) Deposits and pre-acquisition costs $ 18,135 $ 20,726 Land held and land under development 95,198 115,987 Homes completed or under construction 340,627 380,956 Model homes 52,338 48,621 $ 506,298 $ 566,290 All of our deposits and pre-acquisition costs are nonrefundable, except for refundable deposits of $0.1 million and $0.9 million as of September 30, 2019 December 31, 2018 Land held and land under development includes land costs and costs incurred during site development such as development, indirects, and permits. Homes completed or under construction and model homes include all costs associated with home construction, including land, development, indirects, permits, materials and labor (except for capitalized selling and marketing costs, which are classified in other assets). In accordance with ASC 360, not three nine September 30, 2019, three nine September 30, 2019 2018: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Inventory impairments: Home sales $ 1,700 $ — $ 1,700 $ — Land sales 1,900 — 1,900 — Total inventory impairments $ 3,600 $ — $ 3,600 $ — Remaining carrying value of inventory impaired at period end $ 68,615 $ — $ 68,615 $ — Number of projects impaired during the period 2 — 2 — Total number of projects subject to periodic impairment review during period (1) 24 26 27 26 ( 1 Represents the peak number of real estate projects that we had during each respective period. The number of projects outstanding at the end of each period may The $1.7 million home sales impairment recorded in the 2019 third one 2019 third 2019 fourth 10.

Note 5 - Capitalized Interest

Note 5 - Capitalized Interest	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Capitalized Interest [Text Block]	5. Interest is capitalized to inventory and investment in unconsolidated joint ventures during development and other qualifying activities. Interest capitalized as a cost of inventory is included in cost of sales as related homes and land parcels are closed. Interest capitalized to investment in unconsolidated joint ventures is amortized to equity in net income (loss) of unconsolidated joint ventures as related joint venture homes or lots close, or in instances where lots are sold from the unconsolidated joint venture to the Company, the interest is added to the land basis and included in cost of sales when the related lots or homes are sold to third three nine September 30, 2019 2018 Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Interest incurred $ 6,978 $ 7,270 $ 22,345 $ 20,598 Interest capitalized to inventory (6,978 ) (7,270 ) (22,345 ) (19,614 ) Interest capitalized to investment in unconsolidated joint ventures — — — (984 ) Interest expensed $ — $ — $ — $ — Capitalized interest in beginning inventory $ 29,908 $ 22,288 $ 25,681 $ 16,453 Interest capitalized as a cost of inventory 6,978 7,270 22,345 19,614 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition 6 505 19 510 Previously capitalized interest included in cost of home and land sales (7,997 ) (4,296 ) (19,150 ) (10,810 ) Capitalized interest in ending inventory $ 28,895 $ 25,767 $ 28,895 $ 25,767 Capitalized interest in beginning investment in unconsolidated joint ventures $ 621 $ 2,402 $ 713 $ 1,472 Interest capitalized to investment in unconsolidated joint ventures — — — 984 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition (6 ) (505 ) (19 ) (510 ) Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures (41 ) (33 ) (120 ) (82 ) Capitalized interest in ending investment in unconsolidated joint ventures 574 1,864 574 1,864 Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 29,469 $ 27,631 $ 29,469 $ 27,631 Capitalized interest as a percentage of inventory 5.7 % 4.6 % 5.7 % 4.6 % Interest included in cost of home sales as a percentage of home sales revenue 5.2 % 3.6 % 4.8 % 3.5 % Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures 1.8 % 3.5 % 1.8 % 3.5 %

Note 6 - Investments in and Adv

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	6. As of September 30, 2019 December 31, 2018 10 5% September 30, December 31, 2019 2018 (Dollars in thousands) Cash and cash equivalents $ 36,877 $ 45,945 Restricted cash 14,740 19,205 Real estate inventories 329,509 374,607 Other assets 5,052 4,231 Total assets $ 386,178 $ 443,988 Accounts payable and accrued liabilities $ 39,361 $ 43,158 Notes payable 29,806 71,299 Total liabilities 69,167 114,457 The New Home Company's equity 31,992 33,617 Other partners' equity 285,019 295,914 Total equity 317,011 329,531 Total liabilities and equity $ 386,178 $ 443,988 Debt-to-capitalization ratio 8.6 % 17.8 % Debt-to-equity ratio 9.4 % 21.6 % The condensed combined statements of operations for our unconsolidated joint ventures accounted for under the equity method were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Revenues $ 35,809 $ 55,467 $ 137,174 $ 121,359 Cost of sales and expenses 36,071 55,636 135,133 121,010 Net income (loss) of unconsolidated joint ventures $ (262 ) $ (169 ) $ 2,041 $ 349 Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (63 ) $ 34 $ 306 $ 249 For the three nine September 30, 2019 2018 12.

Note 7 - Other Assets

Note 7 - Other Assets	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Other Assets Disclosure [Text Block]	7. Other assets consist of the following: September 30, December 31, 2019 2018 (Dollars in thousands) Property, equipment and capitalized selling and marketing costs, net (1) $ 8,471 $ 11,738 Deferred tax asset, net 13,937 13,937 Prepaid income taxes 645 514 Prepaid expenses 3,828 6,348 Warranty insurance receivable (2) 1,914 915 Right-of-use lease assets (3) 2,276 — $ 31,071 $ 33,452 ( 1 The Company depreciated $1.9 million, $6.8 million, $1.8 million and $4.2 million of capitalized selling and marketing costs to selling and marketing expenses during the three nine September 30, 2019 2018 three nine September 30, 2019 2018 ( 2 The Company adjusted its warranty insurance receivable upward by $0.8 million and $1.4 million during the three nine September 30, 2019, ( 3 In conjunction with the adoption of ASC 842, January 1, 2019. 1 11.

Note 8 - Accrued Expenses and O

Note 8 - Accrued Expenses and Other Liabilities	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Accrued Expenses and Other Liabilities [Text Block]	8. Accrued expenses and other liabilities consist of the following: September 30, December 31, 2019 2018 (Dollars in thousands) Warranty accrual (1) $ 7,077 $ 6,898 Accrued compensation and benefits 3,665 5,749 Accrued interest 11,695 6,497 Completion reserve 2,865 4,192 Lease liabilities (2) 2,587 — Customer deposits 8,589 2,192 Other accrued expenses 1,270 3,500 $ 37,748 $ 29,028 ( 1 Included in the amount at September 30, 2019 December 31, 2018 ( 2 In conjunction with the adoption of ASC 842, January 1, 2019. 1 11. Changes in our warranty accrual are detailed in the table set forth below: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Beginning warranty accrual for homebuilding projects $ 6,907 $ 6,776 $ 6,681 $ 6,634 Warranty provision for homebuilding projects 530 529 1,584 1,515 Warranty payments for homebuilding projects (786 ) (417 ) (1,708 ) (1,261 ) Adjustment to warranty accrual (1) 398 — 492 — Ending warranty accrual for homebuilding projects 7,049 6,888 7,049 6,888 Beginning warranty accrual for fee building projects 142 222 217 225 Warranty provision for fee building projects — — 9 — Warranty efforts for fee building projects (1 ) (9 ) (67 ) (12 ) Adjustment to warranty accrual for fee building projects (1) (113 ) — (131 ) — Ending warranty accrual for fee building projects 28 213 28 213 Total ending warranty accrual $ 7,077 $ 7,101 $ 7,077 $ 7,101 ( 1 During the three nine September 30, 2019, three nine September 30, 2019, 2019 third nine September 30, 2019. We maintain general liability insurance designed to protect us against a portion of our risk of loss from construction-related warranty and construction defect claims. Our warranty accrual and related estimated insurance recoveries are based on historical claim and expense data, and expected recoveries from insurance carriers are recorded based on actual insurance claims and amounts determined using our warranty accrual estimates, our insurance policy coverage limits for the applicable policy years and historical recovery rates. Because of the inherent uncertainty and variability in these assumptions, our actual insurance recoveries could differ significantly from amounts currently estimated.

Note 9 - Senior Notes and Unsec

Note 9 - Senior Notes and Unsecured Revolving Credit Facility	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Debt Disclosure [Text Block]	9. Indebtedness consisted of the following: September 30, December 31, 2019 2018 (Dollars in thousands) 7.25% Senior Notes due 2022, net $ 309,421 $ 320,148 Unsecured revolving credit facility 18,000 67,500 Total Indebtedness $ 327,421 $ 387,648 On March 17, 2017, 2022 May 4, 2017, 2022 March 17, 2017, April 1 October 1. The carrying amount of our Senior Notes listed above at September 30, 2019 December 31, 2018 The Notes are general senior unsecured obligations that rank equally in right of payment to all existing and future senior indebtedness, including borrowings under the Company's senior unsecured revolving credit facility. The Notes contain certain restrictive covenants, including a limitation on additional indebtedness and a limitation on restricted payments. Restricted payments include, among other things, dividends, investments in unconsolidated entities, and stock repurchases. Under the limitation on additional indebtedness, we are permitted to incur specified categories of indebtedness but are prohibited, aside from those exceptions, from incurring further indebtedness if we do not not January 1, 2017 100% 17 During the nine September 30, 2019 nine September 30, 2019. The Company has an unsecured revolving credit facility ("Credit Facility") with a bank group. On August 7, 2019, March 1, 2021, ( January 1, 2020; September 30, 2019 1 September 30, 2019 not not 12 September 30, 2019 The Credit Facility, as amended by the Modification, also provides a $17.5 million sublimit for letters of credit, subject to conditions set forth in the agreement. As of September 30, 2019 December 31, 2018 ad $0 and $2.3 million, respectively, in

Note 10 - Fair Value Disclosure

Note 10 - Fair Value Disclosures	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Fair Value Disclosures [Text Block]	10. ASC 820, Fair Value Measurements and Disclosures three • Level 1 • Level 2 • Level 3 one Fair Value of Financial Instruments The following table presents an estimated fair value of the Company's Notes and Credit Facility. The Notes are classified as Level 2 3 $18.0 m September 30, 2019 September 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in thousands) 7.25% Senior Notes due 2022, net (1) $ 309,421 $ 292,669 $ 320,148 $ 292,500 Unsecured revolving credit facility $ 18,000 $ 18,000 $ 67,500 $ 67,500 ( 1 The carrying value for the Senior Notes, as presented at September 30, 2019 December 31, 2018 not The Company considers the carrying value of cash and cash equivalents, restricted cash, contracts and accounts receivable, accounts payable, and accrued expenses and other liabilities to approximate the fair value of these financial instruments based on the short duration between origination of the instruments and their expected realization. The fair value of amounts due from affiliates is not Non-Recurring Fair Value Adjustments Nonfinancial assets and liabilities include items such as real estate inventory and long-lived assets that are measured at cost when acquired and adjusted for impairment to fair value, if deemed necessary. For the three nine September 30, 2019, one 3 4.

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	11. From time-to-time, the Company is involved in various legal matters arising in the ordinary course of business. These claims and legal proceedings are of a nature that we believe are normal and incidental to a homebuilder. We make provisions for loss contingencies when they are probable and the amount of the loss can be reasonably estimated. Such provisions are assessed at least quarterly and adjusted to reflect the impact of any settlement negotiations, judicial and administrative rulings, advice of legal counsel, and other information and events pertaining to a particular case. In view of the inherent unpredictability of litigation, we generally cannot predict their ultimate resolution, related timing or eventual loss. At this time, we do not As an owner and developer of real estate, the Company is subject to various environmental laws of federal, state and local governments. The Company is not The Company has provided credit enhancements in connection with joint venture borrowings in the form of LTV maintenance agreements in order to secure the joint venture's performance under the loans and maintenance of certain LTV ratios. The Company has also entered into agreements with its partners in each of the unconsolidated joint ventures whereby the Company and its partners are apportioned liability under the LTV maintenance agreements according to their respective capital interest. In addition, the agreements provide the Company, to the extent its partner has an unpaid liability under such credit enhancements, the right to receive distributions from the unconsolidated joint venture that would otherwise be made to the partner. However, there is no September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 In addition, the Company has provided completion agreements regarding specific performance for certain projects whereby the Company is required to complete the given project with funds provided by the beneficiary of the agreement. If there are not no We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. As of September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 third not The Company accounts for contracts deemed to contain a lease under ASC 842. one not September 30, 2019 For the three nine September 30, 2019 one Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (Dollars in thousands) Lease cost: Lease costs included in general and administrative expenses $ 309 $ 929 Lease costs included in real estate inventories 103 472 Lease costs included in selling and marketing expenses 53 87 Net lease cost (1) $ 465 $ 1,488 Other Information: Lease cash flows (included in operating cash flows) (1) $ 486 $ 1,539 ( 1 Does not one three nine September 30, 2019 one three nine September 30, 2019 Future minimum lease payments under our operating leases are as follows (dollars in thousands): Remaining for 2019 $ 499 2020 1,637 2021 511 2022 34 2023 18 Thereafter 2 Total lease payments (1) $ 2,701 Less: Interest (2) 114 Present value of lease liabilities (3) $ 2,587 ( 1 Lease payments include options to extend lease terms that are reasonably certain of being exercised. ( 2 Our leases do not no not September 30, 2019 ( 3 The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 2.1 years and 4.8%, respectively at September 30, 2019

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	12. During the three nine September 30, 2019 2018 September 30, 2019 December 31, 2018 The Company has entered into agreements with its unconsolidated joint ventures to provide management services related to the underlying projects (collectively referred to as the "Management Agreements"). Pursuant to the Management Agreements, the Company receives a management fee based on each project’s revenues. During the three nine September 30, 2019 2018 September 30, 2019 December 31, 2018 One member of the Company's board of directors beneficially owns more than 10% of the Company's outstanding common stock through an affiliated entity, IHP Capital Partners VI, LLC ("IHP"), and is also affiliated with entities that have investments in two two September 30, 2019 December 31, 2018 2018 three September 30, 2019 December 31, 2018 three 2019 third During the 2019 second second second second 1 none 1 second 1 1 TL Fab LP, an affiliate of one three nine September 30, 2019 2018 September 30, 2019 December 31, 2018 September 30, 2019 December 31, 2018 In its ordinary course of business, the Company enters into agreements to purchase lots from unconsolidated land development joint ventures of which it is a member. In accordance with ASC 360 20, Property, Plant and Equipment - Real Estate Sales 360 20" third September 30, 2019 December 31, 2018 The Company’s land purchase agreement with the Cannery provides for reimbursement of certain fee credits. The Company was reimbursed $0.1 million in fee credits from the Cannery during the three nine September 30, 2019 three nine September 30, 2018 September 30, 2019 December 31, 2018 On June 18, 2015, June 26, 2015 ( June 26, 2019 one September 30, 2019 September 7, 2017, August 25, 1999 ( 2019 first three nine September 30, 2019 2018 three nine September 30, 2019 2018 three nine September 30, 2019 2018 September 30, 2019 December 31, 2018 On February 17, 2017, $48,000, three nine September 30, 2019 2018 2016 2019 first August 2019 not September 30, 2019 December 31, 2018 On February 14, 2019, March 1, 2019. March 1, 2020 may September 30, 2019 During 2018, 2018 second three nine September 30, 2018 The Company entered into two 2018 2017 10% one The first 2017 September 30, 2019 two second 2017 2019 second third third third third not September 30, 2019 third The first 2018 September 30, 2019 second 2018 not September 30, 2019 In the first 2018, one September 30, 2019 2019 third September 30, 2019, fourth 2018, second September 30, 2019 FMR LLC beneficially owned over 10% 2018, 401 three nine September 30, 2018 401 401 three nine September 30, 2018 three nine September 30, 2019 10% The Company has provided credit enhancements in connection with joint venture borrowings in the form of LTV maintenance agreements in order to secure the joint venture's performance under the loans and maintenance of certain LTV ratios. In addition, the Company has provided completion agreements regarding specific performance for certain projects whereby the Company is required to complete the given project with funds provided by the beneficiary of the agreement. For more information regarding these agreements please refer to Note 11.

Note 13 - Stock-based Compensat

Note 13 - Stock-based Compensation	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	13. The Company's 2014 "2014 January 2014. 2014 2014 tenth The number of shares of our common stock authorized to be issued under the 2014 2014 not 2014 At our 2016 May 24, 2016, 2016 "2016 2016 2016 May 22, 2018, 2016 2016 April 4, 2028. The Company has issued stock option and restricted stock unit awards under the 2014 2016 September 30, 2019 61,443 shares remain available for grant under the 2014 nd 836,117 s 2016 may not one three ten A summary of the Company’s common stock option activity as of and for the nine September 30, 2019 2018 Nine Months Ended September 30, 2019 2018 Number of Shares Weighted-AverageExercise Price per Share Number of Shares Weighted-Average Exercise Price per Share Outstanding Stock Option Activity Outstanding, beginning of period 821,470 $ 11.00 826,498 $ 11.00 Granted 249,283 $ 5.76 — $ — Exercised — $ — — $ — Forfeited (2,736 ) $ 11.00 (5,028 ) $ 11.00 Outstanding, end of period 1,068,017 $ 9.78 821,470 $ 11.00 Exercisable, end of period 818,734 $ 11.00 821,470 $ 11.00 A summary of the Company’s restricted stock unit activity as of and for the nine September 30, 2019 2018 Nine Months Ended September 30, 2019 2018 Number of Shares Weighted-Average Grant-Date Fair Value per Share Number of Shares Weighted-Average Grant-Date Fair Value per Share Restricted Stock Unit Activity Outstanding, beginning of period 469,227 $ 10.75 562,082 $ 10.72 Granted 448,468 $ 4.82 179,268 $ 11.24 Vested (277,401 ) $ 10.50 (271,875 ) $ 11.02 Forfeited (48,178 ) $ 10.91 (248 ) $ 10.05 Outstanding, end of period 592,116 $ 6.36 469,227 $ 10.75 A summary of the Company’s performance share unit activity as of and for the nine September 30, 2019 2018 Nine Months Ended September 30, 2019 2018 Number of Shares Weighted-Average Grant-Date Fair Value per Share Number of Shares Weighted-Average Grant-Date Fair Value per Share Performance Share Unit Activity Outstanding, beginning of period 125,422 $ 11.68 — $ — Granted (at target) — $ — 125,422 $ 11.68 Vested — $ — — $ — Forfeited (26,882 ) $ 11.68 — $ — Outstanding, end of period (at target) 98,540 $ 11.68 125,422 $ 11.68 The expense related to the Company's stock-based compensation programs, included in general and administrative expense in the accompanying condensed consolidated statements of operations, was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Expense related to: Stock options $ 51 $ — $ 123 $ — Restricted stock units and performance share units 521 622 1,538 2,326 $ 572 $ 622 $ 1,661 $ 2,326 The following table presents details of the assumptions used to calculate the weighted-average grant date fair value of common stock options granted by the Company: Nine Months Ended September 30, 2019 2018 Expected term (in years) 6.0 — Expected volatility 39.9 % — Risk-free interest rate 2.5 % — Expected dividends — — Weighted-average grant date fair value $ 2.43 $ — We used the "simplified method" to establish the expected term of the common stock options granted by the Company. Our restricted stock unit awards and performance share unit awards are valued based on the closing price of our common stock on the date of grant. The number of performance share units that will vest ranges from 50%-150% of the target amount awarded based on actual cumulative earnings per share and return on equity growth from 2018 2019, September 30, 2019 At September 30, 2019 2022 may

Note 14 - Income Taxes

Note 14 - Income Taxes	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14. For the three nine September 30, 2019 three nine September 30, 2018 for all periods differs from the federal statutory tax rates due to state income taxes, estimated deduction limitations (including executive compensation), and discrete items. The Company recorded a $0.4 million discrete provision in the first nine 2019 2018

Note 15 - Segment Information

Note 15 - Segment Information	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. The Company’s operations are organized into three reportable segments: two homebuilding segments (Arizona and California) and 280. Our homebuilding operations acquire and develop land and construct and sell single-family attached and detached homes and may third The reportable segments follow the same accounting policies as our consolidated financial statements described in Note 1. not Financial information relating to reportable segments was as follows: Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Homebuilding revenues: California home sales $ 103,679 $ 119,874 $ 319,841 $ 316,771 California land sales 24,573 — 24,573 — Arizona home sales 15,102 — 38,590 — Total homebuilding revenues 143,354 119,874 383,004 316,771 Fee building revenues, including management fees 22,262 39,240 64,209 121,129 Total revenues $ 165,616 $ 159,114 $ 447,213 $ 437,900 Homebuilding pretax income (loss): California $ (5,200 ) $ 2,890 $ (4,921 ) $ 1,072 Arizona (225 ) (606 ) (1,499 ) (2,269 ) Total homebuilding pretax income (loss) (5,425 ) 2,284 (6,420 ) (1,197 ) Fee building pretax income, including management fees 647 1,116 1,556 3,268 Total pretax income (loss) $ (4,778 ) $ 3,400 $ (4,864 ) $ 2,071 September 30, December 31, 2019 2018 (Dollars in thousands) Homebuilding assets: California $ 486,864 $ 551,807 Arizona 96,004 86,205 Total homebuilding assets 582,868 638,012 Fee building assets 7,363 10,879 Corporate unallocated assets 33,656 47,206 Total assets $ 623,887 $ 696,097

Note 16 - Supplemental Disclosu

Note 16 - Supplemental Disclosure of Cash Flow Information	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	16. The following table presents certain supplemental cash flow information: Nine Months Ended September 30, 2019 2018 (Dollars in thousands) Supplemental disclosures of cash flow information Interest paid, net of amounts capitalized $ — $ — Income taxes paid $ 270 $ 7,000

Note 17 - Supplemental Guaranto

Note 17 - Supplemental Guarantor Information	9 Months Ended
	Sep. 30, 2019
Notes to Financial Statements
Supplemental Guarantor Information [Text Block]	17. The Company's 7.25% Senior Notes due 2022 100% 1 no 2 3 not not no 4 5 not 6 may not SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 14,882 $ 25,840 $ 170 $ — $ 40,892 Restricted cash — 119 — — 119 Contracts and accounts receivable 7 12,904 — (360 ) 12,551 Intercompany receivables 245,981 — — (245,981 ) — Due from affiliates — 390 — — 390 Real estate inventories — 506,298 — — 506,298 Investment in and advances to unconsolidated joint ventures — 32,566 — — 32,566 Investment in subsidiaries 295,963 — — (295,963 ) — Other assets 18,592 12,444 35 — 31,071 Total assets $ 575,425 $ 590,561 $ 205 $ (542,304 ) $ 623,887 Liabilities and equity Accounts payable $ 182 $ 23,377 $ — $ — $ 23,559 Accrued expenses and other liabilities 12,776 25,299 26 (353 ) 37,748 Intercompany payables — 245,981 — (245,981 ) — Due to affiliates — 7 — (7 ) — Unsecured revolving credit facility 18,000 — — — 18,000 Senior notes, net 309,421 — — — 309,421 Total liabilities 340,379 294,664 26 (246,341 ) 388,728 Total stockholders' equity 235,046 295,897 66 (295,963 ) 235,046 Non-controlling interest in subsidiary — — 113 — 113 Total equity 235,046 295,897 179 (295,963 ) 235,159 Total liabilities and equity $ 575,425 $ 590,561 $ 205 $ (542,304 ) $ 623,887 December 31, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 28,877 $ 13,249 $ 147 $ — $ 42,273 Restricted cash — 269 — — 269 Contracts and accounts receivable 7 18,926 — (668 ) 18,265 Intercompany receivables 192,341 — — (192,341 ) — Due from affiliates — 1,218 — — 1,218 Real estate inventories — 566,290 — — 566,290 Investment in and advances to unconsolidated joint ventures — 34,330 — — 34,330 Investment in subsidiaries 396,466 — — (396,466 ) — Other assets 18,643 14,812 — (3 ) 33,452 Total assets $ 636,334 $ 649,094 $ 147 $ (589,478 ) $ 696,097 Liabilities and equity Accounts payable $ 240 $ 39,151 $ — $ — $ 39,391 Accrued expenses and other liabilities 8,492 21,129 71 (664 ) 29,028 Intercompany payables — 192,341 — (192,341 ) — Due to affiliates — 7 — (7 ) — Unsecured revolving credit facility 67,500 — — — 67,500 Senior notes, net 320,148 — — — 320,148 Total liabilities 396,380 252,628 71 (193,012 ) 456,067 Total stockholders' equity 239,954 396,466 — (396,466 ) 239,954 Non-controlling interest in subsidiary — — 76 — 76 Total equity 239,954 396,466 76 (396,466 ) 240,030 Total liabilities and equity $ 636,334 $ 649,094 $ 147 $ (589,478 ) $ 696,097 SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 118,781 $ — $ — $ 118,781 Land sales — 24,573 — — 24,573 Fee building — 22,262 — — 22,262 — 165,616 — — 165,616 Cost of Sales: Home sales — 105,810 (47 ) — 105,763 Home sales impairments — 1,700 — — 1,700 Land sales — 26,078 — — 26,078 Land sales impairments — 1,900 — — 1,900 Fee building — 21,615 — — 21,615 — 157,103 (47 ) — 157,056 Gross Margin: Home sales — 11,271 47 — 11,318 Land sales — (3,405 ) — — (3,405 ) Fee building — 647 — — 647 — 8,513 47 — 8,560 Selling and marketing expenses — (7,828 ) — — (7,828 ) General and administrative expenses 787 (6,148 ) — — (5,361 ) Equity in net loss of unconsolidated joint ventures — (63 ) — — (63 ) Equity in net loss of subsidiaries (5,528 ) — — 5,528 — Other income (expense), net (48 ) (38 ) — — (86 ) Pretax income (loss) (4,789 ) (5,564 ) 47 5,528 (4,778 ) Benefit for income taxes 165 7 — — 172 Net income (loss) (4,624 ) (5,557 ) 47 5,528 (4,606 ) Net income attributable to non-controlling interest in subsidiary — — (18 ) — (18 ) Net income (loss) attributable to The New Home Company Inc. $ (4,624 ) $ (5,557 ) $ 29 $ 5,528 $ (4,624 ) Three Months Ended September 30, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 119,874 $ — $ — $ 119,874 Fee building — 39,240 — — 39,240 — 159,114 — — 159,114 Cost of Sales: Home sales — 102,124 — — 102,124 Fee building — 38,124 — — 38,124 — 140,248 — — 140,248 Gross Margin: Home sales — 17,750 — — 17,750 Fee building — 1,116 — — 1,116 — 18,866 — — 18,866 Selling and marketing expenses — (9,206 ) — — (9,206 ) General and administrative expenses 1,183 (7,367 ) — — (6,184 ) Equity in net income of unconsolidated joint ventures — 34 — — 34 Equity in net income of subsidiaries 1,796 — — (1,796 ) — Other income (expense), net (13 ) (97 ) — — (110 ) Pretax income 2,966 2,230 — (1,796 ) 3,400 Provision for income taxes (507 ) (437 ) — — (944 ) Net income 2,459 1,793 — (1,796 ) 2,456 Net loss attributable to non-controlling interest in subsidiary — — 3 — 3 Net income attributable to The New Home Company Inc. $ 2,459 $ 1,793 $ 3 $ (1,796 ) $ 2,459 Nine Months Ended September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 358,431 $ — $ — $ 358,431 Land sales — $ 24,573 — — 24,573 Fee building — 64,209 — — 64,209 — 447,213 — — 447,213 Cost of Sales: Home sales — 315,961 (104 ) — 315,857 Home sales impairments — 1,700 — — 1,700 Land sales — 26,078 — — 26,078 Land sales impairments — 1,900 — — 1,900 Fee building — 62,653 — — 62,653 — 408,292 (104 ) — 408,188 Gross Margin: Home sales — 40,770 104 — 40,874 Land sales — (3,405 ) — — (3,405 ) Fee building — 1,556 — — 1,556 — 38,921 104 — 39,025 Selling and marketing expenses — (26,190 ) — — (26,190 ) General and administrative expenses 838 (19,431 ) — — (18,593 ) Equity in net income of unconsolidated joint ventures — 306 — — 306 Equity in net loss of subsidiaries (6,153 ) — — 6,153 — Gain on early extinguishment of debt 969 — — — 969 Other income (expense), net (216 ) (165 ) — — (381 ) Pretax income (loss) (4,562 ) (6,559 ) 104 6,153 (4,864 ) (Provision) benefit for income taxes (477 ) 339 — — (138 ) Net income (loss) (5,039 ) (6,220 ) 104 6,153 (5,002 ) Net income attributable to non-controlling interest in subsidiary — — (37 ) — (37 ) Net income (loss) attributable to The New Home Company Inc. $ (5,039 ) $ (6,220 ) $ 67 $ 6,153 $ (5,039 ) Nine Months Ended September 30, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 316,771 $ — $ — $ 316,771 Fee building — 121,129 — — 121,129 — 437,900 — — 437,900 Cost of Sales: Home sales — 274,474 22 — 274,496 Fee building — 117,861 — — 117,861 — 392,335 22 — 392,357 Gross Margin: Home sales — 42,297 (22 ) — 42,275 Fee building — 3,268 — — 3,268 — 45,565 (22 ) — 45,543 Selling and marketing expenses — (25,311 ) — — (25,311 ) General and administrative expenses 382 (18,561 ) (3 ) — (18,182 ) Equity in net income of unconsolidated joint ventures — 249 — — 249 Equity in net income of subsidiaries 1,620 — — (1,620 ) — Other income (expense), net 63 (291 ) — — (228 ) Pretax loss 2,065 1,651 (25 ) (1,620 ) 2,071 Benefit for income taxes (131 ) (20 ) — — (151 ) Net loss 1,934 1,631 (25 ) (1,620 ) 1,920 Net loss attributable to non-controlling interest in subsidiary — — 14 — 14 Net loss attributable to The New Home Company Inc. $ 1,934 $ 1,631 $ (11 ) $ (1,620 ) $ 1,934 SUPPLEMENTAL CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Nine Months Ended September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash (used in) provided by operating activities $ (46,448 ) $ 105,016 $ 23 $ — $ 58,591 Investing activities: Purchases of property and equipment (11 ) (15 ) — — (26 ) Contributions and advances to unconsolidated joint ventures — (5,083 ) — — (5,083 ) Contributions to subsidiaries from corporate (69,925 ) — — 69,925 — Distributions of capital from subsidiaries to corporate 164,275 — — (164,275 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 6,873 — — 6,873 Net cash provided by investing activities $ 94,339 $ 1,775 $ — $ (94,350 ) $ 1,764 Financing activities: Borrowings from credit facility 40,000 — — — 40,000 Repayments of credit facility (89,500 ) — — — (89,500 ) Repurchase of senior notes (10,856 ) — — — (10,856 ) Contributions to subsidiaries from corporate — 69,925 — (69,925 ) — Distributions to corporate from subsidiaries — (164,275 ) — 164,275 — Repurchases of common stock (1,042 ) — — — (1,042 ) Tax withholding paid on behalf of employees for stock awards (488 ) — — — (488 ) Net cash used in financing activities $ (61,886 ) $ (94,350 ) $ — $ 94,350 $ (61,886 ) Net (decrease) increase in cash, cash equivalents and restricted cash (13,995 ) 12,441 23 — (1,531 ) Cash, cash equivalents and restricted cash – beginning of period 28,877 13,518 147 — 42,542 Cash, cash equivalents and restricted cash – end of period $ 14,882 $ 25,959 $ 170 $ — $ 41,011 Nine Months Ended September 30, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash used in operating activities $ (46,038 ) $ (89,209 ) $ (20 ) $ (701 ) $ (135,968 ) Investing activities: Purchases of property and equipment (27 ) (188 ) — — (215 ) Contributions and advances to unconsolidated joint ventures — (12,670 ) — — (12,670 ) Contributions to subsidiaries from corporate (205,459 ) — — 205,459 — Distributions of capital from subsidiaries to corporate 112,374 — — (112,374 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 14,316 — — 14,316 Interest collected on advances to unconsolidated joint ventures — 178 — — 178 Net cash (used in) provided by investing activities $ (93,112 ) $ 1,636 $ — $ 93,085 $ 1,609 Financing activities: Borrowings from credit facility 115,000 — — — 115,000 Repayments of credit facility (53,000 ) — — — (53,000 ) Contributions to subsidiaries from corporate — 205,459 — (205,459 ) — Distributions to corporate from subsidiaries — (113,075 ) — 113,075 — Repurchases of common stock (5,764 ) — — — (5,764 ) Tax withholding paid on behalf of employees for stock awards (982 ) — — — (982 ) Net cash provided by financing activities $ 55,254 $ 92,384 $ — $ (92,384 ) $ 55,254 Net (decrease) increase in cash, cash equivalents and restricted cash (83,896 ) 4,811 (20 ) — (79,105 ) Cash, cash equivalents and restricted cash – beginning of period 99,586 24,196 188 — 123,970 Cash, cash equivalents and restricted cash – end of period $ 15,690 $ 29,007 $ 168 $ — $ 44,865

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2019
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts have been eliminated upon consolidation. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with U.S. generally accepted accounting principles ("GAAP") for interim financial information and with the instructions to Form 10 X 10 December 31, 2018 not Unless the context otherwise requires, the terms "we", "us", "our" and "the Company" refer to the Company and its wholly owned subsidiaries, on a consolidated basis.
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the accompanying condensed consolidated financial statements and notes. Accordingly, actual results could differ materially from these estimates.
Reclassification, Policy [Policy Text Block]	Reclassification The Company updated its reportable segments effective for the 2019 first 15
Segment Reporting, Policy [Policy Text Block]	Segment Reporting Accounting Standards Codification ("ASC") 280, Segment Reporting 280" 280,
Cash and Cash Equivalents, Unrestricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short term liquid investments with a maturity date of less than three
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash of $0.1 million and $0.3 million as of September 30, 2019 December 31, 2018 The table below shows the line items and amounts of cash and cash equivalents and restricted cash as reported within the Company's condensed consolidated balance sheets for each period shown that sum to the total of the same such amounts at the end of the periods shown in the accompanying condensed consolidated statements of cash flows. Nine Months Ended September 30, 2019 2018 (Dollars in thousands) Cash and cash equivalents $ 40,892 $ 44,070 Restricted cash 119 795 Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 41,011 $ 44,865
Inventory, Real Estate, Policy [Policy Text Block]	Real Estate Inventories and Cost of Sales We capitalize pre-acquisition, land, development and other allocated costs, including interest, property taxes and indirect construction costs. Pre-acquisition costs, including nonrefundable land deposits, are expensed to other income (expense), net if we determine continuation of the prospective project is not Land, development and other common costs are typically allocated to real estate inventories using a methodology that approximates the relative-sales-value method. Home construction costs per production phase are recorded using the specific identification method. Cost of sales for homes closed includes the estimated total construction costs of each home at completion and an allocation of all applicable land acquisition, land development and related common costs (both incurred and estimated to be incurred) based upon the relative-sales-value of the home within each project. Changes in estimated development and common costs are allocated prospectively to remaining homes in the project. In accordance with ASC 360, Property, Plant and Equipment 360" not not If there are indicators of impairment, we perform a detailed budget and cash flow review of the applicable real estate inventories to determine whether the estimated future undiscounted cash flows of the project are more or less than the asset’s carrying value. If the estimated future undiscounted cash flows exceed the asset’s carrying value, no 820, Fair Value Measurements and Disclosures 820" When estimating undiscounted future cash flows of a project, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other projects, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not may Many assumptions are interdependent and a change in one may may If a real estate asset is deemed impaired, the impairment is calculated by determining the amount the asset's carrying value exceeds its fair value in accordance with ASC 820. not three nine September 30, 2019, 4. three nine September 30, 2018.
Interest Capitalization, Policy [Policy Text Block]	Capitalization of Interest We follow the practice of capitalizing interest to real estate inventories during the period of development and to investments in unconsolidated joint ventures, when applicable, in accordance with ASC 835, Interest 835" third third 835,
Revenue from Contract with Customer [Policy Text Block]	Revenue Recognition The Company recognizes revenue in accordance with ASC 606, Revenue from Contracts with Customers 606" 606, five 606: Home Sales and Profit Recognition In accordance with ASC 606, not Land Sales and Profit Recognition In accordance with ASC 606, may may not Fee Building The Company enters into fee building agreements to provide services whereby it builds homes on behalf of third third third third 606, The Company also provides construction management and coordination services and sales and marketing services as part of agreements with third 606. may 606. The Company’s fee building revenues have historically been concentrated with a small number of customers. For the three nine September 30, 2019 2018 third September 30, 2019 December 31, 2018
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entities The Company accounts for variable interest entities in accordance with ASC 810, Consolidation 810" 810, not not not not Once we consider the sufficiency of equity and voting rights of each legal entity, we then evaluate the characteristics of the equity holders' interests, as a group, to see if they qualify as controlling financial interests. Our real estate joint ventures consist of limited partnerships and limited liability companies. For entities structured as limited partnerships or limited liability companies, our evaluation of whether the equity holders (equity partners other than us in each our joint ventures) lack the characteristics of a controlling financial interest includes the evaluation of whether the limited partners or non-managing members (the non-controlling equity holders) lack both substantive participating rights and substantive kick-out rights, defined as follows: • Participating rights - provide the non-controlling equity holders the ability to direct significant financial and operational decision made in the ordinary course of business that most significantly influence the entity's economic performance. • Kick-out rights - allow the non-controlling equity holders to remove the general partner or managing member without cause. If we conclude that any of the three If an entity is deemed to be a VIE pursuant to ASC 810, Under ASC 810, may not may not may September 30, 2019 of $15.7 million As of September 30, 2019 December 31, 2018 not 810,
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Non-controlling Interest During 2013, third 810, not September 30, 2019 December 31, 2018 third
Equity Method Investments [Policy Text Block]	Investments in and Advances to Unconsolidated Joint Ventures We use the equity method to account for investments in homebuilding and land development joint ventures when any of the following situations exist: 1 not 2 not 3 As of September 30, 2019 none Under the equity method, we recognize our proportionate share of earnings and losses generated by the joint venture upon the delivery of lots or homes to third third 230, Statement of Cash Flows 230" We review real estate inventory held by our unconsolidated joint ventures for impairment on a quarterly basis, consistent with how we review our real estate inventories as described in more detail above in the section entitled "Real Estate Inventories and Cost of Sales." We also review our investments in and advances to unconsolidated joint ventures for evidence of other-than-temporary declines in value in accordance with ASC 820. not For the three nine September 30, 2019 2018 , no impairments related to investment in and advances to unconsolidated joint ventures were recorded.
Selling, General and Administrative Expenses, Policy [Policy Text Block]	Selling and Marketing Expense Costs incurred for tangible assets directly used in the sales process such as our sales offices, design studios and model landscaping and furnishings are capitalized to other assets in the accompanying condensed consolidated balance sheets under ASC 340, Other Assets and Deferred Costs 340"
Standard Product Warranty, Policy [Policy Text Block]	Warranty Accrual We offer warranties on our homes that generally cover various defects in workmanship or materials, or structural construction defects for one two third
Receivable [Policy Text Block]	Contracts and Accounts Receivable Contracts and accounts receivable primarily represent the fees earned, but not not not September 30, 2019 December 31, 2018
Property, Plant and Equipment, Policy [Policy Text Block]	Property, Equipment and Capitalized Selling and Marketing Costs Property, equipment and capitalized selling and marketing costs are recorded at cost and included in other assets in the accompanying condensed consolidated balance sheets. Property and equipment are depreciated to general and administrative expenses using the straight-line method over their estimated useful lives ranging from three five
Income Tax, Policy [Policy Text Block]	Income Taxes Income taxes are accounted for in accordance with ASC 740, Income Taxes 740" Each quarter we assess our deferred tax asset to determine whether all or any portion of the asset is more likely than not 50% 740. not Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial statements. At September 30, 2019 December 31, 2018 ASC 740 not, not September 30, 2019 The Company classifies any interest and penalties related to income taxes assessed as part of income tax expense. As of September 30, 2019 no
Share-based Payment Arrangement [Policy Text Block]	Stock-Based Compensation We account for share-based awards in accordance with ASC 718, Compensation – Stock Compensation 718" 505 50, Equity – Equity Based Payments to Non-Employees 505 50" ASC 718 718 On February 16, 2017, 505 50, 505 50 March 31, 2018. 505 50 505 50 505 50 In June 2018, No. 2018 07, Improvements to Nonemployee Share-Based Payment Accounting 2018 07" 718 718, 2018 07 April 1, 2018, not April 1, 2018 2018 07 one 2018 March 31, 2019.
Stockholders' Equity, Policy [Policy Text Block]	Share Repurchase and Retirement When shares are retired, the Company’s policy is to allocate the excess of the repurchase price over the par value of shares acquired to both retained earnings and additional paid-in capital. The portion allocated to additional paid-in capital is determined by applying a percentage, which is determined by dividing the number of shares to be retired by the number of shares issued, to the balance of additional paid-in capital as of the retirement date. The residual, if any, is allocated to retained earnings as of the retirement date. During the nine September 30, 2019 2018
Dividends, Policy [Policy Text Block]	Dividends No dividends were paid on our common stock during the three nine September 30, 2019 2018 not not
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards The Company currently qualifies as an "emerging growth company" pursuant to the provisions of the Jumpstart Our Business Startups Act of 2012 102 7 2 1933, In February 2016, No. 2016 02, Leases (Topic 842 842" 842 842, 12 842 The Company adopted ASC 842 January 1, 2019 842 not 11. For leases that commenced before the January 1, 2019 842 10 65 1 1. An entity need not 2. An entity need not 840, Leases 840 3. An entity need not In June 2016, 2016 13, Financial Instruments - Credit Losses (Topic 326 2016 13" 2019 04, Codification Improvements to Topic 326, 815, 825, April 2019 2019 05, Financial Instruments - Credit Losses (Topic 326 May 2019 January 1, 2020, October 2019, December 15, 2022, not . In August 2018, 2018 13, Fair Value Measurement (Topic 820 2018 13" 2018 13 December 15, 2019. not

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	Nine Months Ended September 30, 2019 2018 (Dollars in thousands) Cash and cash equivalents $ 40,892 $ 44,070 Restricted cash 119 795 Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 41,011 $ 44,865

Note 2 - Computation of Earni_2

Note 2 - Computation of Earnings (Loss) Per Share (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands, except per share amounts) Numerator: Net income (loss) attributable to The New Home Company Inc. $ (4,624 ) $ 2,459 $ (5,039 ) $ 1,934 Denominator: Basic weighted-average shares outstanding 20,096,969 20,693,473 20,051,751 20,859,402 Effect of dilutive shares: Stock options and unvested restricted stock units — 68,968 — 110,648 Diluted weighted-average shares outstanding 20,096,969 20,762,441 20,051,751 20,970,050 Basic earnings (loss) per share attributable to The New Home Company Inc. $ (0.23 ) $ 0.12 $ (0.25 ) $ 0.09 Diluted earnings (loss) per share attributable to The New Home Company Inc. $ (0.23 ) $ 0.12 $ (0.25 ) $ 0.09 Antidilutive stock options and unvested restricted stock units not included in diluted earnings (loss) per share 1,491,479 952,882 1,311,389 931,310

Note 3 - Contracts and Accoun_2

Note 3 - Contracts and Accounts Receivable (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	September 30, December 31, 2019 2018 (Dollars in thousands) Contracts receivable: Costs incurred on fee building projects $ 62,653 $ 159,136 Estimated earnings 1,556 4,401 64,209 163,537 Less: amounts collected during the period (57,849 ) (154,743 ) Contracts receivable $ 6,360 $ 8,794 Contracts receivable: Billed $ — $ — Unbilled 6,360 8,794 6,360 8,794 Accounts receivable: Escrow receivables 5,885 8,787 Other receivables 306 684 Contracts and accounts receivable $ 12,551 $ 18,265

Note 4 - Real Estate Inventor_2

Note 4 - Real Estate Inventories (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Inventory, Noncurrent [Table Text Block]	September 30, December 31, 2019 2018 (Dollars in thousands) Deposits and pre-acquisition costs $ 18,135 $ 20,726 Land held and land under development 95,198 115,987 Homes completed or under construction 340,627 380,956 Model homes 52,338 48,621 $ 506,298 $ 566,290
Asset Impairment Charges [Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Inventory impairments: Home sales $ 1,700 $ — $ 1,700 $ — Land sales 1,900 — 1,900 — Total inventory impairments $ 3,600 $ — $ 3,600 $ — Remaining carrying value of inventory impaired at period end $ 68,615 $ — $ 68,615 $ — Number of projects impaired during the period 2 — 2 — Total number of projects subject to periodic impairment review during period (1) 24 26 27 26

Note 5 - Capitalized Interest (

Note 5 - Capitalized Interest (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Interest incurred $ 6,978 $ 7,270 $ 22,345 $ 20,598 Interest capitalized to inventory (6,978 ) (7,270 ) (22,345 ) (19,614 ) Interest capitalized to investment in unconsolidated joint ventures — — — (984 ) Interest expensed $ — $ — $ — $ — Capitalized interest in beginning inventory $ 29,908 $ 22,288 $ 25,681 $ 16,453 Interest capitalized as a cost of inventory 6,978 7,270 22,345 19,614 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition 6 505 19 510 Previously capitalized interest included in cost of home and land sales (7,997 ) (4,296 ) (19,150 ) (10,810 ) Capitalized interest in ending inventory $ 28,895 $ 25,767 $ 28,895 $ 25,767 Capitalized interest in beginning investment in unconsolidated joint ventures $ 621 $ 2,402 $ 713 $ 1,472 Interest capitalized to investment in unconsolidated joint ventures — — — 984 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition (6 ) (505 ) (19 ) (510 ) Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures (41 ) (33 ) (120 ) (82 ) Capitalized interest in ending investment in unconsolidated joint ventures 574 1,864 574 1,864 Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 29,469 $ 27,631 $ 29,469 $ 27,631 Capitalized interest as a percentage of inventory 5.7 % 4.6 % 5.7 % 4.6 % Interest included in cost of home sales as a percentage of home sales revenue 5.2 % 3.6 % 4.8 % 3.5 % Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures 1.8 % 3.5 % 1.8 % 3.5 %

Note 6 - Investments in and A_2

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Equity Method Investments [Table Text Block]	September 30, December 31, 2019 2018 (Dollars in thousands) Cash and cash equivalents $ 36,877 $ 45,945 Restricted cash 14,740 19,205 Real estate inventories 329,509 374,607 Other assets 5,052 4,231 Total assets $ 386,178 $ 443,988 Accounts payable and accrued liabilities $ 39,361 $ 43,158 Notes payable 29,806 71,299 Total liabilities 69,167 114,457 The New Home Company's equity 31,992 33,617 Other partners' equity 285,019 295,914 Total equity 317,011 329,531 Total liabilities and equity $ 386,178 $ 443,988 Debt-to-capitalization ratio 8.6 % 17.8 % Debt-to-equity ratio 9.4 % 21.6 % Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Revenues $ 35,809 $ 55,467 $ 137,174 $ 121,359 Cost of sales and expenses 36,071 55,636 135,133 121,010 Net income (loss) of unconsolidated joint ventures $ (262 ) $ (169 ) $ 2,041 $ 349 Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (63 ) $ 34 $ 306 $ 249

Note 7 - Other Assets (Tables)

Note 7 - Other Assets (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Other Assets [Table Text Block]	September 30, December 31, 2019 2018 (Dollars in thousands) Property, equipment and capitalized selling and marketing costs, net (1) $ 8,471 $ 11,738 Deferred tax asset, net 13,937 13,937 Prepaid income taxes 645 514 Prepaid expenses 3,828 6,348 Warranty insurance receivable (2) 1,914 915 Right-of-use lease assets (3) 2,276 — $ 31,071 $ 33,452

Note 8 - Accrued Expenses and_2

Note 8 - Accrued Expenses and Other Liabilities (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Accrued Expenses and Other Liabilities [Table Text Block]	September 30, December 31, 2019 2018 (Dollars in thousands) Warranty accrual (1) $ 7,077 $ 6,898 Accrued compensation and benefits 3,665 5,749 Accrued interest 11,695 6,497 Completion reserve 2,865 4,192 Lease liabilities (2) 2,587 — Customer deposits 8,589 2,192 Other accrued expenses 1,270 3,500 $ 37,748 $ 29,028
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Beginning warranty accrual for homebuilding projects $ 6,907 $ 6,776 $ 6,681 $ 6,634 Warranty provision for homebuilding projects 530 529 1,584 1,515 Warranty payments for homebuilding projects (786 ) (417 ) (1,708 ) (1,261 ) Adjustment to warranty accrual (1) 398 — 492 — Ending warranty accrual for homebuilding projects 7,049 6,888 7,049 6,888 Beginning warranty accrual for fee building projects 142 222 217 225 Warranty provision for fee building projects — — 9 — Warranty efforts for fee building projects (1 ) (9 ) (67 ) (12 ) Adjustment to warranty accrual for fee building projects (1) (113 ) — (131 ) — Ending warranty accrual for fee building projects 28 213 28 213 Total ending warranty accrual $ 7,077 $ 7,101 $ 7,077 $ 7,101

Note 9 - Senior Notes and Uns_2

Note 9 - Senior Notes and Unsecured Revolving Credit Facility (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Debt [Table Text Block]	September 30, December 31, 2019 2018 (Dollars in thousands) 7.25% Senior Notes due 2022, net $ 309,421 $ 320,148 Unsecured revolving credit facility 18,000 67,500 Total Indebtedness $ 327,421 $ 387,648

Note 10 - Fair Value Disclosu_2

Note 10 - Fair Value Disclosures (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	September 30, 2019 December 31, 2018 Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in thousands) 7.25% Senior Notes due 2022, net (1) $ 309,421 $ 292,669 $ 320,148 $ 292,500 Unsecured revolving credit facility $ 18,000 $ 18,000 $ 67,500 $ 67,500

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended September 30, 2019 Nine Months Ended September 30, 2019 (Dollars in thousands) Lease cost: Lease costs included in general and administrative expenses $ 309 $ 929 Lease costs included in real estate inventories 103 472 Lease costs included in selling and marketing expenses 53 87 Net lease cost (1) $ 465 $ 1,488 Other Information: Lease cash flows (included in operating cash flows) (1) $ 486 $ 1,539
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Remaining for 2019 $ 499 2020 1,637 2021 511 2022 34 2023 18 Thereafter 2 Total lease payments (1) $ 2,701 Less: Interest (2) 114 Present value of lease liabilities (3) $ 2,587

Note 13 - Stock-based Compens_2

Note 13 - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Nine Months Ended September 30, 2019 2018 Number of Shares Weighted-AverageExercise Price per Share Number of Shares Weighted-Average Exercise Price per Share Outstanding Stock Option Activity Outstanding, beginning of period 821,470 $ 11.00 826,498 $ 11.00 Granted 249,283 $ 5.76 — $ — Exercised — $ — — $ — Forfeited (2,736 ) $ 11.00 (5,028 ) $ 11.00 Outstanding, end of period 1,068,017 $ 9.78 821,470 $ 11.00 Exercisable, end of period 818,734 $ 11.00 821,470 $ 11.00
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Nine Months Ended September 30, 2019 2018 Number of Shares Weighted-Average Grant-Date Fair Value per Share Number of Shares Weighted-Average Grant-Date Fair Value per Share Restricted Stock Unit Activity Outstanding, beginning of period 469,227 $ 10.75 562,082 $ 10.72 Granted 448,468 $ 4.82 179,268 $ 11.24 Vested (277,401 ) $ 10.50 (271,875 ) $ 11.02 Forfeited (48,178 ) $ 10.91 (248 ) $ 10.05 Outstanding, end of period 592,116 $ 6.36 469,227 $ 10.75
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]	Nine Months Ended September 30, 2019 2018 Number of Shares Weighted-Average Grant-Date Fair Value per Share Number of Shares Weighted-Average Grant-Date Fair Value per Share Performance Share Unit Activity Outstanding, beginning of period 125,422 $ 11.68 — $ — Granted (at target) — $ — 125,422 $ 11.68 Vested — $ — — $ — Forfeited (26,882 ) $ 11.68 — $ — Outstanding, end of period (at target) 98,540 $ 11.68 125,422 $ 11.68
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Expense related to: Stock options $ 51 $ — $ 123 $ — Restricted stock units and performance share units 521 622 1,538 2,326 $ 572 $ 622 $ 1,661 $ 2,326
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Nine Months Ended September 30, 2019 2018 Expected term (in years) 6.0 — Expected volatility 39.9 % — Risk-free interest rate 2.5 % — Expected dividends — — Weighted-average grant date fair value $ 2.43 $ —

Note 15 - Segment Information (

Note 15 - Segment Information (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended September 30, Nine Months Ended September 30, 2019 2018 2019 2018 (Dollars in thousands) Homebuilding revenues: California home sales $ 103,679 $ 119,874 $ 319,841 $ 316,771 California land sales 24,573 — 24,573 — Arizona home sales 15,102 — 38,590 — Total homebuilding revenues 143,354 119,874 383,004 316,771 Fee building revenues, including management fees 22,262 39,240 64,209 121,129 Total revenues $ 165,616 $ 159,114 $ 447,213 $ 437,900 Homebuilding pretax income (loss): California $ (5,200 ) $ 2,890 $ (4,921 ) $ 1,072 Arizona (225 ) (606 ) (1,499 ) (2,269 ) Total homebuilding pretax income (loss) (5,425 ) 2,284 (6,420 ) (1,197 ) Fee building pretax income, including management fees 647 1,116 1,556 3,268 Total pretax income (loss) $ (4,778 ) $ 3,400 $ (4,864 ) $ 2,071 September 30, December 31, 2019 2018 (Dollars in thousands) Homebuilding assets: California $ 486,864 $ 551,807 Arizona 96,004 86,205 Total homebuilding assets 582,868 638,012 Fee building assets 7,363 10,879 Corporate unallocated assets 33,656 47,206 Total assets $ 623,887 $ 696,097

Note 16 - Supplemental Disclo_2

Note 16 - Supplemental Disclosure of Cash Flow Information (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Nine Months Ended September 30, 2019 2018 (Dollars in thousands) Supplemental disclosures of cash flow information Interest paid, net of amounts capitalized $ — $ — Income taxes paid $ 270 $ 7,000

Note 17 - Supplemental Guaran_2

Note 17 - Supplemental Guarantor Information (Tables)	9 Months Ended
	Sep. 30, 2019
Notes Tables
Condensed Balance Sheet [Table Text Block]	September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 14,882 $ 25,840 $ 170 $ — $ 40,892 Restricted cash — 119 — — 119 Contracts and accounts receivable 7 12,904 — (360 ) 12,551 Intercompany receivables 245,981 — — (245,981 ) — Due from affiliates — 390 — — 390 Real estate inventories — 506,298 — — 506,298 Investment in and advances to unconsolidated joint ventures — 32,566 — — 32,566 Investment in subsidiaries 295,963 — — (295,963 ) — Other assets 18,592 12,444 35 — 31,071 Total assets $ 575,425 $ 590,561 $ 205 $ (542,304 ) $ 623,887 Liabilities and equity Accounts payable $ 182 $ 23,377 $ — $ — $ 23,559 Accrued expenses and other liabilities 12,776 25,299 26 (353 ) 37,748 Intercompany payables — 245,981 — (245,981 ) — Due to affiliates — 7 — (7 ) — Unsecured revolving credit facility 18,000 — — — 18,000 Senior notes, net 309,421 — — — 309,421 Total liabilities 340,379 294,664 26 (246,341 ) 388,728 Total stockholders' equity 235,046 295,897 66 (295,963 ) 235,046 Non-controlling interest in subsidiary — — 113 — 113 Total equity 235,046 295,897 179 (295,963 ) 235,159 Total liabilities and equity $ 575,425 $ 590,561 $ 205 $ (542,304 ) $ 623,887 December 31, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 28,877 $ 13,249 $ 147 $ — $ 42,273 Restricted cash — 269 — — 269 Contracts and accounts receivable 7 18,926 — (668 ) 18,265 Intercompany receivables 192,341 — — (192,341 ) — Due from affiliates — 1,218 — — 1,218 Real estate inventories — 566,290 — — 566,290 Investment in and advances to unconsolidated joint ventures — 34,330 — — 34,330 Investment in subsidiaries 396,466 — — (396,466 ) — Other assets 18,643 14,812 — (3 ) 33,452 Total assets $ 636,334 $ 649,094 $ 147 $ (589,478 ) $ 696,097 Liabilities and equity Accounts payable $ 240 $ 39,151 $ — $ — $ 39,391 Accrued expenses and other liabilities 8,492 21,129 71 (664 ) 29,028 Intercompany payables — 192,341 — (192,341 ) — Due to affiliates — 7 — (7 ) — Unsecured revolving credit facility 67,500 — — — 67,500 Senior notes, net 320,148 — — — 320,148 Total liabilities 396,380 252,628 71 (193,012 ) 456,067 Total stockholders' equity 239,954 396,466 — (396,466 ) 239,954 Non-controlling interest in subsidiary — — 76 — 76 Total equity 239,954 396,466 76 (396,466 ) 240,030 Total liabilities and equity $ 636,334 $ 649,094 $ 147 $ (589,478 ) $ 696,097
Condensed Income Statement [Table Text Block]	Three Months Ended September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 118,781 $ — $ — $ 118,781 Land sales — 24,573 — — 24,573 Fee building — 22,262 — — 22,262 — 165,616 — — 165,616 Cost of Sales: Home sales — 105,810 (47 ) — 105,763 Home sales impairments — 1,700 — — 1,700 Land sales — 26,078 — — 26,078 Land sales impairments — 1,900 — — 1,900 Fee building — 21,615 — — 21,615 — 157,103 (47 ) — 157,056 Gross Margin: Home sales — 11,271 47 — 11,318 Land sales — (3,405 ) — — (3,405 ) Fee building — 647 — — 647 — 8,513 47 — 8,560 Selling and marketing expenses — (7,828 ) — — (7,828 ) General and administrative expenses 787 (6,148 ) — — (5,361 ) Equity in net loss of unconsolidated joint ventures — (63 ) — — (63 ) Equity in net loss of subsidiaries (5,528 ) — — 5,528 — Other income (expense), net (48 ) (38 ) — — (86 ) Pretax income (loss) (4,789 ) (5,564 ) 47 5,528 (4,778 ) Benefit for income taxes 165 7 — — 172 Net income (loss) (4,624 ) (5,557 ) 47 5,528 (4,606 ) Net income attributable to non-controlling interest in subsidiary — — (18 ) — (18 ) Net income (loss) attributable to The New Home Company Inc. $ (4,624 ) $ (5,557 ) $ 29 $ 5,528 $ (4,624 ) Three Months Ended September 30, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 119,874 $ — $ — $ 119,874 Fee building — 39,240 — — 39,240 — 159,114 — — 159,114 Cost of Sales: Home sales — 102,124 — — 102,124 Fee building — 38,124 — — 38,124 — 140,248 — — 140,248 Gross Margin: Home sales — 17,750 — — 17,750 Fee building — 1,116 — — 1,116 — 18,866 — — 18,866 Selling and marketing expenses — (9,206 ) — — (9,206 ) General and administrative expenses 1,183 (7,367 ) — — (6,184 ) Equity in net income of unconsolidated joint ventures — 34 — — 34 Equity in net income of subsidiaries 1,796 — — (1,796 ) — Other income (expense), net (13 ) (97 ) — — (110 ) Pretax income 2,966 2,230 — (1,796 ) 3,400 Provision for income taxes (507 ) (437 ) — — (944 ) Net income 2,459 1,793 — (1,796 ) 2,456 Net loss attributable to non-controlling interest in subsidiary — — 3 — 3 Net income attributable to The New Home Company Inc. $ 2,459 $ 1,793 $ 3 $ (1,796 ) $ 2,459 Nine Months Ended September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 358,431 $ — $ — $ 358,431 Land sales — $ 24,573 — — 24,573 Fee building — 64,209 — — 64,209 — 447,213 — — 447,213 Cost of Sales: Home sales — 315,961 (104 ) — 315,857 Home sales impairments — 1,700 — — 1,700 Land sales — 26,078 — — 26,078 Land sales impairments — 1,900 — — 1,900 Fee building — 62,653 — — 62,653 — 408,292 (104 ) — 408,188 Gross Margin: Home sales — 40,770 104 — 40,874 Land sales — (3,405 ) — — (3,405 ) Fee building — 1,556 — — 1,556 — 38,921 104 — 39,025 Selling and marketing expenses — (26,190 ) — — (26,190 ) General and administrative expenses 838 (19,431 ) — — (18,593 ) Equity in net income of unconsolidated joint ventures — 306 — — 306 Equity in net loss of subsidiaries (6,153 ) — — 6,153 — Gain on early extinguishment of debt 969 — — — 969 Other income (expense), net (216 ) (165 ) — — (381 ) Pretax income (loss) (4,562 ) (6,559 ) 104 6,153 (4,864 ) (Provision) benefit for income taxes (477 ) 339 — — (138 ) Net income (loss) (5,039 ) (6,220 ) 104 6,153 (5,002 ) Net income attributable to non-controlling interest in subsidiary — — (37 ) — (37 ) Net income (loss) attributable to The New Home Company Inc. $ (5,039 ) $ (6,220 ) $ 67 $ 6,153 $ (5,039 ) Nine Months Ended September 30, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 316,771 $ — $ — $ 316,771 Fee building — 121,129 — — 121,129 — 437,900 — — 437,900 Cost of Sales: Home sales — 274,474 22 — 274,496 Fee building — 117,861 — — 117,861 — 392,335 22 — 392,357 Gross Margin: Home sales — 42,297 (22 ) — 42,275 Fee building — 3,268 — — 3,268 — 45,565 (22 ) — 45,543 Selling and marketing expenses — (25,311 ) — — (25,311 ) General and administrative expenses 382 (18,561 ) (3 ) — (18,182 ) Equity in net income of unconsolidated joint ventures — 249 — — 249 Equity in net income of subsidiaries 1,620 — — (1,620 ) — Other income (expense), net 63 (291 ) — — (228 ) Pretax loss 2,065 1,651 (25 ) (1,620 ) 2,071 Benefit for income taxes (131 ) (20 ) — — (151 ) Net loss 1,934 1,631 (25 ) (1,620 ) 1,920 Net loss attributable to non-controlling interest in subsidiary — — 14 — 14 Net loss attributable to The New Home Company Inc. $ 1,934 $ 1,631 $ (11 ) $ (1,620 ) $ 1,934
Condensed Cash Flow Statement [Table Text Block]	Nine Months Ended September 30, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash (used in) provided by operating activities $ (46,448 ) $ 105,016 $ 23 $ — $ 58,591 Investing activities: Purchases of property and equipment (11 ) (15 ) — — (26 ) Contributions and advances to unconsolidated joint ventures — (5,083 ) — — (5,083 ) Contributions to subsidiaries from corporate (69,925 ) — — 69,925 — Distributions of capital from subsidiaries to corporate 164,275 — — (164,275 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 6,873 — — 6,873 Net cash provided by investing activities $ 94,339 $ 1,775 $ — $ (94,350 ) $ 1,764 Financing activities: Borrowings from credit facility 40,000 — — — 40,000 Repayments of credit facility (89,500 ) — — — (89,500 ) Repurchase of senior notes (10,856 ) — — — (10,856 ) Contributions to subsidiaries from corporate — 69,925 — (69,925 ) — Distributions to corporate from subsidiaries — (164,275 ) — 164,275 — Repurchases of common stock (1,042 ) — — — (1,042 ) Tax withholding paid on behalf of employees for stock awards (488 ) — — — (488 ) Net cash used in financing activities $ (61,886 ) $ (94,350 ) $ — $ 94,350 $ (61,886 ) Net (decrease) increase in cash, cash equivalents and restricted cash (13,995 ) 12,441 23 — (1,531 ) Cash, cash equivalents and restricted cash – beginning of period 28,877 13,518 147 — 42,542 Cash, cash equivalents and restricted cash – end of period $ 14,882 $ 25,959 $ 170 $ — $ 41,011 Nine Months Ended September 30, 2018 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash used in operating activities $ (46,038 ) $ (89,209 ) $ (20 ) $ (701 ) $ (135,968 ) Investing activities: Purchases of property and equipment (27 ) (188 ) — — (215 ) Contributions and advances to unconsolidated joint ventures — (12,670 ) — — (12,670 ) Contributions to subsidiaries from corporate (205,459 ) — — 205,459 — Distributions of capital from subsidiaries to corporate 112,374 — — (112,374 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 14,316 — — 14,316 Interest collected on advances to unconsolidated joint ventures — 178 — — 178 Net cash (used in) provided by investing activities $ (93,112 ) $ 1,636 $ — $ 93,085 $ 1,609 Financing activities: Borrowings from credit facility 115,000 — — — 115,000 Repayments of credit facility (53,000 ) — — — (53,000 ) Contributions to subsidiaries from corporate — 205,459 — (205,459 ) — Distributions to corporate from subsidiaries — (113,075 ) — 113,075 — Repurchases of common stock (5,764 ) — — — (5,764 ) Tax withholding paid on behalf of employees for stock awards (982 ) — — — (982 ) Net cash provided by financing activities $ 55,254 $ 92,384 $ — $ (92,384 ) $ 55,254 Net (decrease) increase in cash, cash equivalents and restricted cash (83,896 ) 4,811 (20 ) — (79,105 ) Cash, cash equivalents and restricted cash – beginning of period 99,586 24,196 188 — 123,970 Cash, cash equivalents and restricted cash – end of period $ 15,690 $ 29,007 $ 168 $ — $ 44,865

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual)		3 Months Ended			9 Months Ended			12 Months Ended
		Sep. 30, 2019USD ($)		Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)shares		Sep. 30, 2018USD ($)shares	Dec. 31, 2018USD ($)		Jan. 01, 2019USD ($)	Jan. 01, 2018USD ($)	Dec. 31, 2017USD ($)
Restricted Cash, Total		$ 119,000		$ 795,000	$ 119,000		$ 795,000	$ 269,000
Inventory Write-down		3,600,000		0	3,600,000		0
Impairment of Real Estate				0			0
Nonrefundable Cash Deposits		15,700,000			15,700,000
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance		113,000			113,000			76,000
Equity Method Investment, Other than Temporary Impairment		$ 0		0	$ 0		$ 0
Capitalized Contract Cost, Amortization Period		30 months			30 months
Period of General Warranty					1 year
Accounts Receivable, Allowance for Credit Loss, Ending Balance		$ 0			$ 0			0
Capitalized Selling and Marketing Cost, Amortization Period					30 months
Deferred Tax Assets, Valuation Allowance, Total		0			$ 0			0
Unrecognized Tax Benefits, Ending Balance		0			0
Income Tax Examination, Penalties and Interest Accrued, Total		0			$ 0
Cumulative Effect of New Accounting Principle in Period of Adoption												$ (3,365,000)
Stock Repurchased and Retired During Period, Shares | shares					153,916		623,611
Stock Repurchased and Retired During Period, Value				3,692,000	$ 1,042,000		$ 5,764,000
Dividends, Common Stock, Total		0		0	0		0
Operating Lease, Right-of-Use Asset		2,276,000	[1]		2,276,000	[1]		0	[1]	$ 3,100,000
Operating Lease, Liability, Total	[2]	$ 2,587,000	[3]		$ 2,587,000	[3]		$ 0
Accounting Standards Update 2016-02 [Member]
Operating Lease, Right-of-Use Asset										3,100,000
Operating Lease, Liability, Total										$ 3,500,000
Maximum [Member]
Equity Method Investment, Ownership Percentage		35.00%			35.00%			35.00%
Property, Plant and Equipment, Useful Life					5 years
Minimum [Member]
Equity Method Investment, Ownership Percentage		5.00%			5.00%			5.00%
Limited Warranty Period					2 years
Property, Plant and Equipment, Useful Life					3 years
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance		$ 100,000			$ 100,000			$ 100,000
Cumulative Effect of New Accounting Principle in Period of Adoption												0
Stock Repurchased and Retired During Period, Value				0	0		0
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption												(3,347,000)
Stock Repurchased and Retired During Period, Value				0	0		123,000
Retained Earnings [Member] | Accounting Standards Update 2018-07 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption											$ 18,000
Additional Paid-in Capital [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption												$ (18,000)
Stock Repurchased and Retired During Period, Value				$ 3,687,000	$ 1,040,000		$ 5,634,000
Additional Paid-in Capital [Member] | Accounting Standards Update 2018-07 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption											$ (18,000)
Customer Concentration Risk [Member] | Fee Building Revenue [Member]
Number of Major Customers		1		1	1		1
Customer Concentration Risk [Member] | Fee Building Revenue [Member] | One Customer [Member]
Concentration Risk, Percentage		96.00%		93.00%	94.00%		95.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers					1			1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage					51.00%			48.00%
Home Building [Member]
Inventory Write-down		$ 1,700,000		$ 0	$ 1,700,000		$ 0
Land [Member]
Inventory Write-down		$ 1,900,000		$ 0	$ 1,900,000		$ 0
[1]	In conjunction with the adoption of ASC 842, the Company established a right-of-use asset of $3.1 million on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[2]	In conjunction with the adoption of ASC 842, the Company established a $3.5 million lease liability on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[3]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.9 years and 5.2%, respectively at September 30, 2019.

Note 1 - Organization and Sum_4

Note 1 - Organization and Summary of Significant Accounting Policies - Cash and Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Dec. 31, 2017
Cash and cash equivalents	$ 40,892	$ 42,273	$ 44,070
Restricted cash	119	269	795
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows	$ 41,011	$ 42,542	$ 44,865	$ 123,970

Note 2 - Computation of Earni_3

Note 2 - Computation of Earnings (Loss) Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Numerator:
Net income (loss) attributable to The New Home Company Inc.	$ (4,624)	$ 2,459	$ (5,039)	$ 1,934
Denominator:
Basic (in shares)	20,096,969	20,693,473	20,051,751	20,859,402
Stock options and unvested restricted stock units (in shares)	0	68,968	0	110,648
Diluted weighted-average shares outstanding (in shares)	20,096,969	20,762,441	20,051,751	20,970,050
Basic (in dollars per share)	$ (0.23)	$ 0.12	$ (0.25)	$ 0.09
Diluted (in dollars per share)	$ (0.23)	$ 0.12	$ (0.25)	$ 0.09
Antidilutive stock options and unvested restricted stock units not included in diluted earnings (loss) per share (in shares)	1,491,479	952,882	1,311,389	931,310

Note 3 - Contracts and Accoun_3

Note 3 - Contracts and Accounts Receivable (Details Textual) - USD ($) $ in Millions	Sep. 30, 2019	Dec. 31, 2018
Construction Payable	$ 5.7	$ 8.5

Note 3 - Contracts and Accoun_4

Note 3 - Contracts and Accounts Receivable - Contracts and Accounts Receivable (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Contracts receivable:
Costs incurred on fee building projects	$ 62,653	$ 159,136
Estimated earnings	1,556	4,401
Contracts receivable before collections	64,209	163,537
Less: amounts collected during the period	(57,849)	(154,743)
Contracts receivable	6,360	8,794
Billed	0	0
Unbilled	6,360	8,794
Accounts receivable:
Escrow receivables	5,885	8,787
Other receivables	306	684
Contracts and accounts receivable	$ 12,551	$ 18,265

Note 4 - Real Estate Inventor_3

Note 4 - Real Estate Inventories (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018USD ($)
Inventory, Real Estate, Refundable	$ 100		$ 100		$ 900
Inventory Write-down	3,600	$ 0	3,600	$ 0
Home Building [Member]
Inventory Write-down	1,700	0	1,700	0
Land [Member]
Inventory Write-down	$ 1,900	$ 0	$ 1,900	$ 0
Measurement Input, Discount Rate [Member]
Real Estate Inventory, Measurement Input	0.173		0.173

Note 4 - Real Estate Inventor_4

Note 4 - Real Estate Inventories - Real Estate Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Dec. 31, 2018
Deposits and pre-acquisition costs	$ 18,135	$ 20,726
Land held and land under development	95,198	115,987
Homes completed or under construction	340,627	380,956
Model homes	52,338	48,621
Real estate inventories, total	$ 506,298	$ 566,290

Note 4 - Real Estate Inventor_5

Note 4 - Real Estate Inventories - Inventory Impairments (Details) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)
Impairments		$ 3,600	$ 0	$ 3,600	$ 0
Remaining carrying value of inventory impaired at period end		$ 68,615	$ 0	$ 68,615	$ 0
Number of projects impaired during the period		2	0	2	0
Total number of projects subject to periodic impairment review during period (1)	[1]	24	26	27	26
Home Building [Member]
Impairments		$ 1,700	$ 0	$ 1,700	$ 0
Land [Member]
Impairments		$ 1,900	$ 0	$ 1,900	$ 0
[1]	Represents the peak number of real estate projects that we had during each respective period. The number of projects outstanding at the end of each period may be less than the number of projects listed herein.

Note 5 - Capitalized Interest -

Note 5 - Capitalized Interest - Summary of Interest Incurred, Capitalized, and Expensed (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Interest incurred	$ 6,978	$ 7,270	$ 22,345	$ 20,598
Interest capitalized to inventory	(6,978)	(7,270)	(22,345)	(19,614)
Interest capitalized to investment in unconsolidated joint ventures	0	0	0	(984)
Interest expensed	0	0	0	0
Capitalized interest in beginning inventory	29,908	22,288	25,681	16,453
Interest capitalized as a cost of inventory	6,978	7,270	22,345	19,614
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition	6	505	19	510
Previously capitalized interest included in cost of home and land sales	(7,997)	(4,296)	(19,150)	(10,810)
Capitalized interest in ending inventory	28,895	25,767	28,895	25,767
Capitalized interest in beginning investment in unconsolidated joint ventures	621	2,402	713	1,472
Interest capitalized to investment in unconsolidated joint ventures	0	0	0	984
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition	(6)	(505)	(19)	(510)
Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures	(41)	(33)	(120)	(82)
Capitalized interest in ending investment in unconsolidated joint ventures	574	1,864	574	1,864
Total capitalized interest in ending inventory and investments in unconsolidated joint ventures	$ 29,469	$ 27,631	$ 29,469	$ 27,631
Capitalized interest as a percentage of inventory	5.70%	4.60%	5.70%	4.60%
Interest included in cost of home sales as a percentage of home sales revenue	5.20%	3.60%	4.80%	3.50%
Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures	1.80%	3.50%	1.80%	3.50%

Note 6 - Investments in and A_3

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures (Details Textual) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Sep. 30, 2019USD ($)	Sep. 30, 2018USD ($)	Dec. 31, 2018
Equity Method Investment, Ownership Interests in Unconsolidated Joint Ventures	10		10		10
Revenue from Contract with Customer, Including Assessed Tax	$ 165,616	$ 159,114	$ 447,213	$ 437,900
Management Service [Member]
Revenue from Contract with Customer, Including Assessed Tax	$ 524	$ 859	$ 1,686	$ 2,511
Minimum [Member]
Equity Method Investment, Ownership Percentage	5.00%		5.00%		5.00%
Maximum [Member]
Equity Method Investment, Ownership Percentage	35.00%		35.00%		35.00%

Note 6 - Investments in and A_4

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures - Condensed Combined Financial Statements for Unconsolidated Joint Ventures (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Cash and cash equivalents	$ 36,877		$ 36,877		$ 45,945
Restricted cash	14,740		14,740		19,205
Real estate inventories	329,509		329,509		374,607
Other assets	5,052		5,052		4,231
Total assets	386,178		386,178		443,988
Accounts payable and accrued liabilities	39,361		39,361		43,158
Notes payable	29,806		29,806		71,299
Total liabilities	69,167		69,167		114,457
The New Home Company's equity	31,992		31,992		33,617
Other partners' equity	285,019		285,019		295,914
Total equity	317,011		317,011		329,531
Total liabilities and equity	$ 386,178		$ 386,178		$ 443,988
Debt-to-capitalization ratio	8.60%		8.60%		17.80%
Debt-to-equity ratio	9.40%		9.40%		21.60%
Revenues	$ 35,809	$ 55,467	$ 137,174	$ 121,359
Cost of sales and expenses	36,071	55,636	135,133	121,010
Net income (loss) of unconsolidated joint ventures	(262)	(169)	2,041	349
Equity in net income (loss) of unconsolidated joint ventures	$ (63)	$ 34	$ 306	$ 249

Note 7 - Other Assets (Details

Note 7 - Other Assets (Details Textual) - USD ($) $ in Thousands	3 Months Ended			9 Months Ended
	Sep. 30, 2019		Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018	Jan. 01, 2019	Dec. 31, 2018	[1]
Depreciation, Capitalized Selling and Marketing Costs	$ 1,900		$ 1,800	$ 6,800		$ 4,200
Property and Equipment Depreciation, General and Administrative Expenses	100		$ 100	200		$ 300
Standard Product Warranty Accrual, Increase for Warranties Issued	800			1,400
Operating Lease, Right-of-Use Asset	$ 2,276	[1]		$ 2,276	[1]		$ 3,100	$ 0
[1]	In conjunction with the adoption of ASC 842, the Company established a right-of-use asset of $3.1 million on January 1, 2019. For more information, please refer to Note 1 and Note 11.

Note 7 - Other Assets - Summary

Note 7 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands		Sep. 30, 2019		Jan. 01, 2019	Dec. 31, 2018
Property, equipment and capitalized selling and marketing costs, net	[1]	$ 8,471			$ 11,738
Deferred tax asset, net		13,937			13,937
Prepaid income taxes		645			514
Prepaid expenses		3,828			6,348
Warranty insurance receivable	[2]	1,914			915
Right-of-use lease assets		2,276	[3]	$ 3,100	0	[3]
Total Other Assets		$ 31,071			$ 33,452
[1]	The Company depreciated $1.9 million, $6.8 million, $1.8 million and $4.2 million of capitalized selling and marketing costs to selling and marketing expenses during the three and nine months ended September 30, 2019 and 2018, respectively. The Company depreciated $0.1 million, $0.2 million, $0.1 million and $0.3 million of property and equipment to general and administrative expenses during the three and nine months ended September 30, 2019 and 2018, respectively.
[2]	The Company adjusted its warranty insurance receivable upward by $0.8 million and $1.4 million during the three and nine months ended September 30, 2019, respectively, to true-up the receivable to its estimate of qualifying reimbursable expenditures which resulted in pretax income of the same amount.
[3]	In conjunction with the adoption of ASC 842, the Company established a right-of-use asset of $3.1 million on January 1, 2019. For more information, please refer to Note 1 and Note 11.

Note 8 - Accrued Expenses and_3

Note 8 - Accrued Expenses and Other Liabilities (Details Textual) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019		Sep. 30, 2019		Jan. 01, 2019	Dec. 31, 2018
Standard Product Warranty Accrual, Ending Balance		$ 1,900		$ 1,900			$ 900
Operating Lease, Liability, Total	[1]	2,587	[2]	2,587	[2]		$ 0
Adjustment of Warranty Accrual, Impact on Net Income (Loss)		(300)		(400)
Home Building Segment [Member]
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties		400		500
Fee Building Segment [Member]
Standard Product Warranty Accrual, Increase (Decrease) for Preexisting Warranties		$ 100		$ 100
Accounting Standards Update 2016-02 [Member]
Operating Lease, Liability, Total						$ 3,500
[1]	In conjunction with the adoption of ASC 842, the Company established a $3.5 million lease liability on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[2]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.9 years and 5.2%, respectively at September 30, 2019.

Note 8 - Accrued Expenses and_4

Note 8 - Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands		Sep. 30, 2019		Dec. 31, 2018		Sep. 30, 2018
Warranty accrual		$ 7,077	[1]	$ 6,898	[1]	$ 7,101
Accrued compensation and benefits		3,665		5,749
Accrued interest		11,695		6,497
Completion reserve		2,865		4,192
Lease liabilities	[2]	2,587	[3]	0
Customer deposits		8,589		2,192
Other accrued expenses		1,270		3,500
Total accrued expenses and other liabilities		$ 37,748		$ 29,028
[1]	Included in the amount at September 30, 2019 and December 31, 2018 is approximately $1.9 million and $0.9 million, respectively, of warranty liabilities estimated to be recovered by our insurance policies.
[2]	In conjunction with the adoption of ASC 842, the Company established a $3.5 million lease liability on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[3]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.9 years and 5.2%, respectively at September 30, 2019.

Note 8 - Accrued Expenses and_5

Note 8 - Accrued Expenses and Other Liabilities - Changes in Warranty Accrual (Details) - USD ($) $ in Thousands		3 Months Ended			9 Months Ended
		Sep. 30, 2019		Sep. 30, 2018	Sep. 30, 2019		Sep. 30, 2018
Beginning warranty accrual for homebuilding projects	[1]				$ 6,898
Ending warranty accrual for homebuilding projects		$ 7,077	[1]	$ 7,101	7,077	[1]	$ 7,101
Home Building Segment [Member]
Beginning warranty accrual for homebuilding projects		6,907		6,776	6,681		6,634
Warranty provision		530		529	1,584		1,515
Warranty payments		(786)		(417)	(1,708)		(1,261)
Adjustment to warranty accrual	[2]	398		0	492		0
Ending warranty accrual for homebuilding projects		7,049		6,888	7,049		6,888
Fee Building Segment [Member]
Beginning warranty accrual for homebuilding projects		142		222	217		225
Warranty provision		0		0	9		0
Warranty payments		(1)		(9)	(67)		(12)
Adjustment to warranty accrual	[2]	(113)		0	(131)		0
Ending warranty accrual for homebuilding projects		$ 28		$ 213	$ 28		$ 213
[1]	Included in the amount at September 30, 2019 and December 31, 2018 is approximately $1.9 million and $0.9 million, respectively, of warranty liabilities estimated to be recovered by our insurance policies.
[2]	During the three and nine months ended September 30, 2019, the Company recorded an adjustment of $0.4 million and $0.5 million, respectively, to our warranty accrual for homebuilding projects due to higher expected warranty expenditures which is included in "Adjustment to warranty accrual" above and resulted in an increase of the same amount to cost of home sales in the accompanying condensed consolidated statement of operations. Also during the three and nine months ended September 30, 2019, the Company recorded an adjustment of $0.1 million and $0.1 million, respectively, due to a lower experience rate of expected warranty expenditures for fee building projects which is included in "Adjustment to warranty accrual for fee building projects" above and resulted in a reduction of the same amount to cost of fee building sales in the accompanying condensed consolidated statement of operations. The net impact of these adjustments to pretax loss was ($0.3) million for the 2019 third quarter and ($0.3) million for the nine months ended September 30, 2019.

Note 9 - Senior Notes and Uns_3

Note 9 - Senior Notes and Unsecured Revolving Credit Facility (Details Textual) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Aug. 07, 2019	Aug. 06, 2019	Dec. 31, 2018	May 04, 2017	Mar. 17, 2017
Early Repayment of Senior Debt			$ 10,856,000	$ 0
Gain (Loss) on Extinguishment of Debt, Total	$ 0	$ 0	969,000	$ 0
Revolving Credit Facility [Member]
Long-term Line of Credit, Total	$ 18,000,000		$ 18,000,000				$ 67,500,000
Line of Credit Facility, Interest Rate at Period End	5.02%		5.02%
Revolving Credit Facility [Member] | Minimum [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 130,000,000	$ 200,000,000
Revolving Credit Facility [Member] | Minimum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			2.25%
Revolving Credit Facility [Member] | Maximum [Member]
Line of Credit Facility, Maximum Borrowing Capacity					$ 200,000,000	$ 300,000,000
Revolving Credit Facility [Member] | Maximum [Member] | London Interbank Offered Rate (LIBOR) [Member]
Debt Instrument, Basis Spread on Variable Rate			3.00%
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 17,500,000		$ 17,500,000
Letters of Credit Outstanding, Amount	$ 0		$ 0				$ 2,300,000
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Debt Instrument, Face Amount									$ 250,000,000
Debt Instrument, Interest Rate, Stated Percentage	7.25%		7.25%				7.25%		7.25%
Percent of Debt Instrument Face Amount, Value Issued									98.961%
Debt Instrument, Interest Rate, Effective Percentage									7.50%
Debt Instrument, Unamortized Discount, Total	$ 1,200,000		$ 1,200,000				$ 1,700,000
Debt Instrument, Unamortized Premium, Total	1,000,000		1,000,000				1,300,000
Debt Issuance Costs, Net, Total	$ 3,300,000		$ 3,300,000				$ 4,500,000
Percent of Consolidated Net Income, General Basket Limitation for Restricted Payments to be Made	50.00%		50.00%
Percent of Net Cash Proceeds From Qualified Equity Offerings, General Basket Limitation for Restricted Payments to be Made	100.00%		100.00%
Percent of Consolidated Tangible Net Assets, General Basket Limitation for Restricted Payments to be Made	15.00%		15.00%
General Basket, Value	$ 15,000,000		$ 15,000,000
Debt Instrument, Repurchased Face Amount	$ 12,000,000		$ 12,000,000
Debt Instrument, Percent of Face Value Repurchased	90.58%		90.58%
Early Repayment of Senior Debt			$ 10,900,000
Gain (Loss) on Extinguishment of Debt, Total			1,000,000
Write off of Deferred Debt Issuance Cost			160,000
Senior Notes [Member] | Senior Notes Due 2022, Additional [Member]
Debt Instrument, Face Amount								$ 75,000,000
Debt Instrument, Interest Rate, Stated Percentage								7.25%
Percent of Debt Instrument Face Amount, Value Issued								102.75%
Debt Instrument, Interest Rate, Effective Percentage								6.438%
Existing or Future Bank Credit Facilities [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 260,000,000		$ 260,000,000

Note 9 - Senior Notes and Uns_4

Note 9 - Senior Notes and Unsecured Revolving Credit Facility - Indebtedness (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
7.25% Senior Notes due 2022, net		$ 309,421	$ 320,148
Total Indebtedness		327,421	387,648
Revolving Credit Facility [Member]
Long-term Line of Credit, Total		18,000	67,500
Senior Notes Due 2022 [Member] | Senior Notes [Member]
7.25% Senior Notes due 2022, net	[1]	$ 309,421	$ 320,148
[1]	The carrying value for the Senior Notes, as presented at September 30, 2019, is net of the unamortized discount of $1.2 million, unamortized premium of $1.0 million, and unamortized debt issuance costs of $3.3 million. The carrying value for the Senior Notes, as presented at December 31, 2018, is net of the unamortized discount of $1.7 million, unamortized premium of $1.3 million, and unamortized debt issuance costs of $4.5 million. The unamortized discount, unamortized premium and debt issuance costs are not factored into the estimated fair value.

Note 9 - Senior Notes and Uns_5

Note 9 - Senior Notes and Unsecured Revolving Credit Facility - Indebtedness (Details) (Parentheticals)	Sep. 30, 2019	Dec. 31, 2018	Mar. 17, 2017
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Debt Instrument, Interest Rate, Stated Percentage	7.25%	7.25%	7.25%

Note 10 - Fair Value Disclosu_3

Note 10 - Fair Value Disclosures (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Inventory Write-down	$ 3,600	$ 0	$ 3,600	$ 0
Impaired Inventory, Ending Balance	68,615	0	68,615	0
Home Building [Member]
Inventory Write-down	1,700	0	1,700	0
Land [Member]
Inventory Write-down	1,900	$ 0	1,900	$ 0
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Debt Instrument, Unamortized Discount, Total	1,200		1,200		$ 1,700
Debt Instrument, Unamortized Premium, Total	1,000		1,000		1,300
Debt Issuance Costs, Net, Total	3,300		3,300		4,500
Revolving Credit Facility [Member]
Long-term Line of Credit, Total	$ 18,000		$ 18,000		$ 67,500

Note 10 - Fair Value Disclosu_4

Note 10 - Fair Value Disclosures - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Sep. 30, 2019	Dec. 31, 2018
Senior notes, net		$ 309,421	$ 320,148
Unsecured revolving credit facility		18,000	67,500
Revolving Credit Facility [Member]
Unsecured revolving credit facility, carrying amount		18,000	67,500
Unsecured revolving credit facility		18,000	67,500
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Senior notes, net	[1]	309,421	320,148
Senior Notes, fair value	[1]	$ 292,669	$ 292,500
[1]	The carrying value for the Senior Notes, as presented at September 30, 2019, is net of the unamortized discount of $1.2 million, unamortized premium of $1.0 million, and unamortized debt issuance costs of $3.3 million. The carrying value for the Senior Notes, as presented at December 31, 2018, is net of the unamortized discount of $1.7 million, unamortized premium of $1.3 million, and unamortized debt issuance costs of $4.5 million. The unamortized discount, unamortized premium and debt issuance costs are not factored into the estimated fair value.

Note 11 - Commitments and Con_3

Note 11 - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands		3 Months Ended		9 Months Ended
		Sep. 30, 2019		Sep. 30, 2019		Jan. 01, 2019	Dec. 31, 2018
Operating Lease, Right-of-Use Asset		$ 2,276	[1]	$ 2,276	[1]	$ 3,100	$ 0	[1]
Operating Lease, Liability, Total	[2]	2,587	[3]	2,587	[3]		0
Short-term Lease, Cost		200		700
Sublease Income		$ 100		$ 200
Operating Lease, Weighted Average Remaining Lease Term		2 years 1 month 6 days		2 years 1 month 6 days
Operating Lease, Weighted Average Discount Rate, Percent		4.80%		4.80%
Surety Bond [Member]
Loss Contingency, Range of Possible Loss, Portion Not Accrued		$ 47,500		$ 47,500			50,500
Loss Contingency, Estimated Remaining Costs of Work to be Completed		23,400		23,400			20,300
Corporate Joint Venture [Member] | Loans Payable [Member]
Related Party Transaction, Guarantor Obligations Underlying Asset Class, Guaranteed		5,600		5,600			7,300
Corporate Joint Venture [Member] | Financial Guarantee [Member]
Long-term Debt, Gross		$ 27,700		$ 27,700			$ 41,300
[1]	In conjunction with the adoption of ASC 842, the Company established a right-of-use asset of $3.1 million on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[2]	In conjunction with the adoption of ASC 842, the Company established a $3.5 million lease liability on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[3]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.9 years and 5.2%, respectively at September 30, 2019.

Note 11 - Commitments and Con_4

Note 11 - Commitments and Contingencies - Lease Costs and Cash Flow Information for Leases (Details) - USD ($) $ in Thousands		3 Months Ended
		Sep. 30, 2019	Sep. 30, 2018
Lease cost:
Lease costs included in general and administrative expenses		$ 309	$ 929
Lease costs included in real estate inventories		103	472
Lease costs included in selling and marketing expenses		53	87
Net lease cost		465	1,488
Lease cash flows (included in operating cash flows)	[1]	$ 486	$ 1,539
[1]	Does not include the cost of short-term leases with terms of less than one year which totaled approximately $0.2 million and $0.7 million for the three and nine months ended September 30, 2019, respectively, or the benefit from a sublease agreement of one of our office spaces which totaled approximately $0.1 and $0.2 for the three and nine months ended September 30, 2019, respectively.

Note 11 - Commitments and Con_5

Note 11 - Commitments and Contingencies - Future Minimum Lease Payments Under Operating Leases (Details) - USD ($) $ in Thousands		Sep. 30, 2019		Dec. 31, 2018
Remaining for 2019		$ 499
2020		1,637
2021		511
2022		34
2023		18
Thereafter		2
Total lease payments	[1]	2,701
Less: Interest	[2]	114
Operating Lease, Liability, Total	[3]	$ 2,587	[4]	$ 0
[1]	Lease payments include options to extend lease terms that are reasonably certain of being exercised.
[2]	Our leases do not provide a readily determinable implicit rate. Therefore, we utilized our incremental borrowing rate for such leases to determine the present value of lease payments at the lease commencement date. There were no legally binding minimum lease payments for leases signed but not yet commenced at September 30, 2019.
[3]	In conjunction with the adoption of ASC 842, the Company established a $3.5 million lease liability on January 1, 2019. For more information, please refer to Note 1 and Note 11.
[4]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.9 years and 5.2%, respectively at September 30, 2019.

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - USD ($)	3 Months Ended			9 Months Ended		48 Months Ended
	Sep. 30, 2019	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Jun. 26, 2019	Oct. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Due from Affiliates	$ 390,000	$ 390,000		$ 390,000					$ 1,218,000
Equity Method Investments	32,566,000	32,566,000		32,566,000					34,330,000
Revenue from Contract with Customer, Including Assessed Tax		165,616,000	$ 159,114,000	447,213,000	$ 437,900,000
Cost of Goods and Services Sold, Total		157,056,000	140,248,000	408,188,000	392,357,000
Interest Income on Note to Joint Venture [Member]
Revenue from Related Parties			$ 0		$ 100,000
Debt Instrument, Interest Rate, Stated Percentage			10.00%		10.00%
Corporate Joint Venture [Member] | Construction-related Costs [Member]
Related Party Transaction, Expenses from Transactions with Related Party		1,200,000	$ 1,300,000	4,400,000	$ 4,900,000
Due from Affiliates	200,000	200,000		200,000					400,000
Corporate Joint Venture [Member] | Management Fees [Member]
Due from Affiliates	$ 200,000	200,000		200,000					400,000
Revenue from Related Parties		$ 500,000	900,000	$ 1,700,000	2,500,000
Related Party [Member]
Common Stock Beneficial Ownership Percentage, Significant Amount Threshold	10.00%	10.00%		10.00%
TNHC Merdian Investors LLC, and TNHC Russel Ranch LLC [Member]
Equity Method Investments	$ 10,300,000	$ 10,300,000		$ 10,300,000					6,500,000
Arantine Hills Holdings LP, Calabasas Village LP, and TNHC-TCN Santa Clarita, LP [Member]
Equity Method Investments	11,400,000	11,400,000		11,400,000					12,000,000
Joint Venture Agreement, Contribution Over Cap	2,800,000	2,800,000		2,800,000
IHP [Member] | LLC Agreement of Russell Ranch [Member]
Joint Venture Agreement, Additional Required Capital Agreed to Fund								$ 26,000,000
Joint Venture Agreement, Additional Required Capital Agreed to Fund, Percentage Funded by Related Party								50.00%
Joint Venture Agreement, Additional Required Capital Agreed to Fund, Percentage Funded by Entity								50.00%
TL Fab LP [Member] | Trade Payment [Member]
Related Party Transaction, Amounts of Transaction		100,000	100,000	200,000	300,000
Accounts Payable, Related Parties	21,000	21,000		21,000					7,000
TL Fab LP [Member] | Trade Payment [Member] | Unconsolidated Joint Ventures [Member]
Related Party Transaction, Amounts of Transaction		0	0	0	400,000
Accounts Payable, Related Parties	0	0		0					8,000
Joint Venture Land Sales [Member]
Deferred Profit From Lot Transactions	200,000	200,000		200,000					200,000
TNHC-HW Cannery LLC [Member]
Due from Affiliates	0	0		0					37,000
Land Owner Fees Reimbursed		100,000	0		100,000
Consultant Davis [Member]
Due from Affiliates	0	0		0					$ 600,000
Consultant Davis [Member] | Fee Building Revenue [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	1,100,000	500,000	1,800,000
Cost of Goods and Services Sold, Total		5,000	1,100,000	500,000	1,700,000
Consultant Davis [Member] | General Contractor [Member]
Revenue from Contract with Customer, Including Assessed Tax		0	33,000	15,000	50,000
Consultant Davis [Member] | Monthly Consulting Fee [Member]
Related Party Transaction, Amounts of Transaction	1,000					$ 5,000
Accounts Payable, Related Parties	0	0		0
Consultant Stelmar [Member] | Monthly Consulting Fee [Member]
Related Party Transaction, Amounts of Transaction		12,000		18,000	71,000
Accounts Payable, Related Parties	0	0		0
Consultant Redwitz [Member] | Monthly Consulting Fee [Member]
Related Party Transaction, Amounts of Transaction				10,000
Accounts Payable, Related Parties	0	0		0
10% Common Stock Affiliate [Member] | Northern CA Phased Takedown [Member]
Purchase Options, Land	16,100,000	16,100,000		16,100,000
Master Marketing Fees				400,000
Deposits Assets	300,000	300,000		300,000
10% Common Stock Affiliate [Member] | Northern CA Rolling Option [Member]
Land Owner Fees Reimbursed				100,000
Deposits Assets	$ 1,000,000	$ 1,000,000		1,000,000
Estimated Purchase Price				$ 56,700,000
Percentage of Lots Agreed to Be Purchased by Unrelated Third Party	67.00%	67.00%		67.00%
Percentage of Lots Closed On	55.00%	55.00%		55.00%
Option Payment				$ 3,000,000
Amounts Paid for Purchase of Lots				18,000,000
10% Common Stock Affiliate [Member] | Northern CA Finished Lots [Member]
Purchase Options, Land	$ 8,000,000	$ 8,000,000		8,000,000
Master Marketing Fees				300,000
Reimbursed Costs				200,000
10% Common Stock Affiliate [Member] | Arizona Master Plan [Member]
Purchase Options, Land	3,800,000	3,800,000		3,800,000
Deposits Assets	300,000	300,000		300,000
Bedford [Member]
Purchase Options, Land	10,000,000	10,000,000		10,000,000
Deposits Assets	1,500,000	1,500,000		1,500,000
Board Affiliate [Member] | Bedford [Member] | Subsequent Event [Member]
Purchase Options, Land							$ 9,300,000
Board Affiliate [Member] | Bedford 2 [Member]
Purchase Options, Land	10,500,000	10,500,000		10,500,000
Master Marketing Fees				100,000
Deposits Assets	$ 1,400,000	$ 1,400,000		$ 1,400,000
Percentage of Optioned Lots Taken Down	42.00%	42.00%		42.00%
Deposits Assets Outstanding	$ 800,000	$ 800,000		$ 800,000
Fidelity [Member] | Payments for Record Keeping and Investment Management Services [Member]
Defined Contribution Plan, Record Keeping and Investment Management Services Paid by the Company			5,000		14,000
Defined Contribution Plan, Record Keeping and Investment Management Services Paid by the Participants			$ 2,000		$ 6,000

Note 13 - Stock-based Compens_3

Note 13 - Stock-based Compensation (Details Textual) - USD ($) $ in Millions	9 Months Ended
	Sep. 30, 2019	May 22, 2018	May 24, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period	10 years
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 3.2
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition	2 years
Performance Shares [Member]
Probability of Achieving Performance Targets	0.00%
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	1 year
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	50.00%
Maximum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period	3 years
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Rights, Percentage	150.00%
The 2014 Incentive Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Plan Term	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	1,644,875
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	61,443
The 2016 Incentive Plan, Amended and Restated [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized		2,100,000	800,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	836,117

Note 13 - Stock-based Compens_4

Note 13 - Stock-based Compensation - Common Stock Option Activity (Details) - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Common Stock Options Outstanding, number of shares (in shares)	821,470	826,498
Common Stock Options Outstanding, weighted-average exercise price per share (in dollars per share)	$ 11	$ 11
Common Stock Options Granted, number of shares (in shares)	249,283	0
Common Stock Options Granted, weighted-average exercise price per share (in dollars per share)	$ 5.76	$ 0
Common Stock Options Exercised, number of shares (in shares)	0	0
Common Stock Options Exercised, weighted-average exercise price per share (in dollars per share)	$ 0	$ 0
Common Stock Options Forfeited, number of shares (in shares)	(2,736)	(5,028)
Common Stock Options Forfeited, weighted-average exercise price per share (in dollars per share)	$ 11	$ 11
Common Stock Options Outstanding, number of shares (in shares)	1,068,017	821,470
Common Stock Options Outstanding, weighted-average exercise price per share (in dollars per share)	$ 9.78	$ 11
Common Stock Options Exercisable, number of shares (in shares)	818,734	821,470
Common Stock Options Exercisable, weighted-average exercise price per share (in dollars per share)	$ 11	$ 11

Note 13 - Stock-based Compens_5

Note 13 - Stock-based Compensation - Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Restricted Stock Units Outstanding, number of shares (in shares)	469,227	562,082
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 10.75	$ 10.72
Restricted Stock Units Granted, number of shares (in shares)	448,468	179,268
Restricted Stock Units Granted, weighted-average grant date fair value per share (in dollars per share)	$ 4.82	$ 11.24
Restricted Stock Units Vested, number of shares (in shares)	(277,401)	(271,875)
Restricted Stock Units Vested, weighted-average grant date fair value per share (in dollars per share)	$ 10.50	$ 11.02
Restricted Stock Units Forfeited, number of shares (in shares)	(48,178)	(248)
Restricted Stock Units Forfeited, weighted-average grant date fair value per share (in dollars per share)	$ 10.91	$ 10.05
Restricted Stock Units Outstanding, number of shares (in shares)	592,116	469,227
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 6.36	$ 10.75

Note 13 - Stock-based Compens_6

Note 13 - Stock-based Compensation - Performance Share Unit Activity (Details) - Performance Shares [Member] - $ / shares	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Restricted Stock Units Outstanding, number of shares (in shares)	125,422	0
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 11.68	$ 0
Restricted Stock Units Granted, number of shares (in shares)	0	125,422
Restricted Stock Units Granted, weighted-average grant date fair value per share (in dollars per share)	$ 0	$ 11.68
Performance Share Units Vested, number of shares (in shares)	0	0
Restricted Stock Units Vested, weighted-average grant date fair value per share (in dollars per share)	$ 0	$ 0
Restricted Stock Units Forfeited, number of shares (in shares)	(26,882)	0
Restricted Stock Units Forfeited, weighted-average grant date fair value per share (in dollars per share)	$ 11.68	$ 0
Restricted Stock Units Outstanding, number of shares (in shares)	98,540	125,422
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 11.68	$ 11.68

Note 13 - Stock-based Compens_7

Note 13 - Stock-based Compensation - Summary of Stock-based Compensation Expense (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Stock-based compensation expense	$ 572	$ 622	$ 1,661	$ 2,326
Stock Options [Member]
Stock-based compensation expense	51	0	123	0
Restricted Stock Units and Performance Share Units [Member]
Stock-based compensation expense	$ 521	$ 622	$ 1,538	$ 2,326

Note 13 - Stock-based Compens_8

Note 13 - Stock-based Compensation - Valuation Assumptions for Common Stock Options Granted (Details)	9 Months Ended
	Sep. 30, 2019$ / shares
Expected term (in years) (Year)	6 years
Expected volatility	39.90%
Risk-free interest rate	2.50%
Expected dividends	0.00%
Weighted-average grant date fair value (in dollars per share)	$ 2.43

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Income Tax Expense (Benefit), Total	$ (172)	$ 944	$ 138	$ 151
Income Tax Expense (Benefit), Discrete Tax Items			$ 400	$ 500

Note 15 - Segment Information_2

Note 15 - Segment Information (Details Textual)	9 Months Ended
	Sep. 30, 2019
Number of Reportable Segments	3
Home Building Segment [Member]
Number of Reportable Segments	2
Fee Building Segment [Member]
Number of Reportable Segments	1

Note 15 - Segment Information -

Note 15 - Segment Information - Financial Information Relating to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018	Dec. 31, 2018
Revenue from Contract with Customer, Including Assessed Tax	$ 165,616	$ 159,114	$ 447,213	$ 437,900
Pretax income (loss)	(4,778)	3,400	(4,864)	2,071
Total assets	623,887		623,887		$ 696,097
Home Building [Member]
Revenue from Contract with Customer, Including Assessed Tax	118,781	119,874	358,431	316,771
Land [Member]
Revenue from Contract with Customer, Including Assessed Tax	24,573	0	24,573	0
Home Building Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	143,354	119,874	383,004	316,771
Pretax income (loss)	(5,425)	2,284	(6,420)	(1,197)
Total assets	582,868		582,868		638,012
Home Building Segment [Member] | California 1 [Member]
Pretax income (loss)	(5,200)	2,890	(4,921)	1,072
Total assets	486,864		486,864		551,807
Home Building Segment [Member] | Arizona 1 [Member]
Pretax income (loss)	(225)	(606)	(1,499)	(2,269)
Total assets	96,004		96,004		86,205
Home Building Segment [Member] | Home Building [Member] | California 1 [Member]
Revenue from Contract with Customer, Including Assessed Tax	103,679	119,874	319,841	316,771
Home Building Segment [Member] | Home Building [Member] | Arizona 1 [Member]
Revenue from Contract with Customer, Including Assessed Tax	15,102	0	38,590	0
Home Building Segment [Member] | Land [Member] | California 1 [Member]
Revenue from Contract with Customer, Including Assessed Tax	24,573	0	24,573	0
Fee Building Segment [Member]
Revenue from Contract with Customer, Including Assessed Tax	22,262	39,240	64,209	121,129
Pretax income (loss)	647	$ 1,116	1,556	$ 3,268
Total assets	7,363		7,363		10,879
Corporate Segment [Member]
Total assets	$ 33,656		$ 33,656		$ 47,206

Note 16 - Supplemental Disclo_3

Note 16 - Supplemental Disclosure of Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Supplemental disclosures of cash flow information
Interest paid, net of amounts capitalized	$ 0	$ 0
Income taxes paid	$ 270	$ 7,000

Note 17 - Supplemental Guaran_3

Note 17 - Supplemental Guarantor Information (Details Textual) - Senior Notes [Member] - Senior Notes Due 2022 [Member]	Sep. 30, 2019	Dec. 31, 2018	Mar. 17, 2017
Debt Instrument, Interest Rate, Stated Percentage	7.25%	7.25%	7.25%
Debt Instrument, Conditions of Guarantee Release, Percentage of Tangible Assets Attributable to Immaterial Subsidiaries, Threshold for No Release	5.00%

Note 17 - Supplemental Guaran_4

Note 17 - Supplemental Guarantor Information - Supplemental Condensed Consolidating Balance Sheets (Details) - USD ($) $ in Thousands	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Dec. 31, 2017
Assets
Cash and cash equivalents	$ 40,892		$ 42,273	$ 44,070
Restricted cash	119		269
Contracts and accounts receivable	12,551		18,265
Intercompany receivables	0		0
Due from affiliates	390		1,218
Real estate inventories	506,298		566,290
Investment in and advances to unconsolidated joint ventures	32,566		34,330
Investment in subsidiaries	0		0
Other assets	31,071		33,452
Total assets	623,887		696,097
Liabilities and equity
Accounts payable	23,559		39,391
Accrued expenses and other liabilities	37,748		29,028
Intercompany payables	0		0
Due to affiliates	0		0
Unsecured revolving credit facility	18,000		67,500
Senior notes, net	309,421		320,148
Total liabilities	388,728		456,067
Total stockholders' equity	235,046		239,954
Non-controlling interest in subsidiary	113		76
Total equity	235,159	$ 239,193	240,030	$ 258,215	$ 258,834	$ 264,080
Total liabilities and equity	623,887		696,097
Consolidation, Eliminations [Member]
Assets
Cash and cash equivalents	0		0
Restricted cash	0		0
Contracts and accounts receivable	(360)		(668)
Intercompany receivables	(245,981)		(192,341)
Due from affiliates	0		0
Real estate inventories	0		0
Investment in and advances to unconsolidated joint ventures	0		0
Investment in subsidiaries	(295,963)		(396,466)
Other assets	0		(3)
Total assets	(542,304)		(589,478)
Liabilities and equity
Accounts payable	0		0
Accrued expenses and other liabilities	(353)		(664)
Intercompany payables	(245,981)		(192,341)
Due to affiliates	(7)		(7)
Unsecured revolving credit facility	0		0
Senior notes, net	0		0
Total liabilities	(246,341)		(193,012)
Total stockholders' equity	(295,963)		(396,466)
Non-controlling interest in subsidiary	0		0
Total equity	(295,963)		(396,466)
Total liabilities and equity	(542,304)		(589,478)
Parent Company [Member]
Assets
Cash and cash equivalents	14,882		28,877
Restricted cash	0		0
Contracts and accounts receivable	7		7
Intercompany receivables	245,981		192,341
Due from affiliates	0		0
Real estate inventories	0		0
Investment in and advances to unconsolidated joint ventures	0		0
Investment in subsidiaries	295,963		396,466
Other assets	18,592		18,643
Total assets	575,425		636,334
Liabilities and equity
Accounts payable	182		240
Accrued expenses and other liabilities	12,776		8,492
Intercompany payables	0		0
Due to affiliates	0		0
Unsecured revolving credit facility	18,000		67,500
Senior notes, net	309,421		320,148
Total liabilities	340,379		396,380
Total stockholders' equity	235,046		239,954
Non-controlling interest in subsidiary	0		0
Total equity	235,046		239,954
Total liabilities and equity	575,425		636,334
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	25,840		13,249
Restricted cash	119		269
Contracts and accounts receivable	12,904		18,926
Intercompany receivables	0		0
Due from affiliates	390		1,218
Real estate inventories	506,298		566,290
Investment in and advances to unconsolidated joint ventures	32,566		34,330
Investment in subsidiaries	0		0
Other assets	12,444		14,812
Total assets	590,561		649,094
Liabilities and equity
Accounts payable	23,377		39,151
Accrued expenses and other liabilities	25,299		21,129
Intercompany payables	245,981		192,341
Due to affiliates	7		7
Unsecured revolving credit facility	0		0
Senior notes, net	0		0
Total liabilities	294,664		252,628
Total stockholders' equity	295,897		396,466
Non-controlling interest in subsidiary	0		0
Total equity	295,897		396,466
Total liabilities and equity	590,561		649,094
Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	170		147
Restricted cash	0		0
Contracts and accounts receivable	0		0
Intercompany receivables	0		0
Due from affiliates	0		0
Real estate inventories	0		0
Investment in and advances to unconsolidated joint ventures	0		0
Investment in subsidiaries	0		0
Other assets	35		0
Total assets	205		147
Liabilities and equity
Accounts payable	0		0
Accrued expenses and other liabilities	26		71
Intercompany payables	0		0
Due to affiliates	0		0
Unsecured revolving credit facility	0		0
Senior notes, net	0		0
Total liabilities	26		71
Total stockholders' equity	66		0
Non-controlling interest in subsidiary	113		76
Total equity	179		76
Total liabilities and equity	$ 205		$ 147

Note 17 - Supplemental Guaran_5

Note 17 - Supplemental Guarantor Information - Supplemental Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018	Sep. 30, 2019	Sep. 30, 2018
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	$ 165,616	$ 159,114	$ 447,213	$ 437,900
Cost of Sales:
Cost of Sales	157,056	140,248	408,188	392,357
Impairments	3,600	0	3,600	0
Gross Margin:
Gross margin	8,560	18,866	39,025	45,543
Selling and marketing expenses	(7,828)	(9,206)	(26,190)	(25,311)
General and administrative expenses	(5,361)	(6,184)	(18,593)	(18,182)
Equity in net income (loss) of unconsolidated joint ventures	(63)	34	306	249
Equity in net loss of subsidiaries	0	0	0	0
Other income (expense), net	(86)	(110)	(381)	(228)
Pretax income (loss)	(4,778)	3,400	(4,864)	2,071
(Provision) benefit for income taxes	172	(944)	(138)	(151)
Net income (loss)	(4,606)	2,456	(5,002)	1,920
Net (income) loss attributable to non-controlling interest	(18)	3	(37)	14
Net income (loss) attributable to The New Home Company Inc.	(4,624)	2,459	(5,039)	1,934
Gain on early extinguishment of debt	0	0	969	0
Consolidation, Eliminations [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	0	0	0
Selling and marketing expenses	0	0	0	0
General and administrative expenses	0	0	0	0
Equity in net income (loss) of unconsolidated joint ventures	0	0	0	0
Equity in net loss of subsidiaries	5,528	(1,796)	6,153	(1,620)
Other income (expense), net	0	0	0	0
Pretax income (loss)	5,528	(1,796)	6,153	(1,620)
(Provision) benefit for income taxes	0	0	0	0
Net income (loss)	5,528	(1,796)	6,153	(1,620)
Net (income) loss attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to The New Home Company Inc.	5,528	(1,796)	6,153	(1,620)
Gain on early extinguishment of debt			0
Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	0	0	0
Selling and marketing expenses	0	0	0	0
General and administrative expenses	787	1,183	838	382
Equity in net income (loss) of unconsolidated joint ventures	0	0	0	0
Equity in net loss of subsidiaries	(5,528)	1,796	(6,153)	1,620
Other income (expense), net	(48)	(13)	(216)	63
Pretax income (loss)	(4,789)	2,966	(4,562)	2,065
(Provision) benefit for income taxes	165	(507)	(477)	(131)
Net income (loss)	(4,624)	2,459	(5,039)	1,934
Net (income) loss attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to The New Home Company Inc.	(4,624)	2,459	(5,039)	1,934
Gain on early extinguishment of debt			969
Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	165,616	159,114	447,213	437,900
Cost of Sales:
Cost of Sales	157,103	140,248	408,292	392,335
Gross Margin:
Gross margin	8,513	18,866	38,921	45,565
Selling and marketing expenses	(7,828)	(9,206)	(26,190)	(25,311)
General and administrative expenses	(6,148)	(7,367)	(19,431)	(18,561)
Equity in net income (loss) of unconsolidated joint ventures	(63)	34	306	249
Equity in net loss of subsidiaries	0	0	0	0
Other income (expense), net	(38)	(97)	(165)	(291)
Pretax income (loss)	(5,564)	2,230	(6,559)	1,651
(Provision) benefit for income taxes	7	(437)	339	(20)
Net income (loss)	(5,557)	1,793	(6,220)	1,631
Net (income) loss attributable to non-controlling interest	0	0	0	0
Net income (loss) attributable to The New Home Company Inc.	(5,557)	1,793	(6,220)	1,631
Gain on early extinguishment of debt			0
Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	(47)	0	(104)	22
Gross Margin:
Gross margin	47	0	104	(22)
Selling and marketing expenses	0	0	0	0
General and administrative expenses	0	0	0	(3)
Equity in net income (loss) of unconsolidated joint ventures	0	0	0	0
Equity in net loss of subsidiaries	0	0	0	0
Other income (expense), net	0	0	0	0
Pretax income (loss)	47	0	104	(25)
(Provision) benefit for income taxes	0	0	0	0
Net income (loss)	47	0	104	(25)
Net (income) loss attributable to non-controlling interest	(18)	3	(37)	14
Net income (loss) attributable to The New Home Company Inc.	29	3	67	(11)
Gain on early extinguishment of debt			0
Home Building [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	118,781	119,874	358,431	316,771
Cost of Sales:
Cost of Sales	105,763	102,124	315,857	274,496
Impairments	1,700	0	1,700	0
Gross Margin:
Gross margin	11,318	17,750	40,874	42,275
Home Building [Member] | Consolidation, Eliminations [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	0	0	0
Home Building [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	0	0	0
Home Building [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	118,781	119,874	358,431	316,771
Cost of Sales:
Cost of Sales	105,810	102,124	315,961	274,474
Gross Margin:
Gross margin	11,271	17,750	40,770	42,297
Home Building [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	(47)	0	(104)	22
Gross Margin:
Gross margin	47	0	104	(22)
Land [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	24,573	0	24,573	0
Cost of Sales:
Cost of Sales	26,078	0	26,078	0
Impairments	1,900	0	1,900	0
Gross Margin:
Gross margin	(3,405)	0	(3,405)	0
Land [Member] | Consolidation, Eliminations [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0		0
Cost of Sales:
Cost of Sales	0		0
Gross Margin:
Gross margin	0		0
Land [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0		0
Cost of Sales:
Cost of Sales	0		0
Gross Margin:
Gross margin	0		0
Land [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	24,573		24,573
Cost of Sales:
Cost of Sales	26,078		26,078
Gross Margin:
Gross margin	(3,405)		(3,405)
Land [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0		0
Cost of Sales:
Cost of Sales	0		0
Gross Margin:
Gross margin	0		0
Construction [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	22,262	39,240	64,209	121,129
Cost of Sales:
Cost of Sales	21,615	38,124	62,653	117,861
Gross Margin:
Gross margin	647	1,116	1,556	3,268
Construction [Member] | Consolidation, Eliminations [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	0	0	0
Construction [Member] | Parent Company [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	0	0	0
Construction [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	22,262	39,240	64,209	121,129
Cost of Sales:
Cost of Sales	21,615	38,124	62,653	117,861
Gross Margin:
Gross margin	647	1,116	1,556	3,268
Construction [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue from Contract with Customer, Including Assessed Tax	0	0	0	0
Cost of Sales:
Cost of Sales	0	0	0	0
Gross Margin:
Gross margin	0	$ 0	0	$ 0
Home Building Impairments [Member]
Cost of Sales:
Impairments	1,700		1,700
Home Building Impairments [Member] | Consolidation, Eliminations [Member]
Cost of Sales:
Impairments	0		0
Home Building Impairments [Member] | Parent Company [Member]
Cost of Sales:
Impairments	0		0
Home Building Impairments [Member] | Guarantor Subsidiaries [Member]
Cost of Sales:
Impairments	1,700		1,700
Home Building Impairments [Member] | Non-Guarantor Subsidiaries [Member]
Cost of Sales:
Impairments	0		0
Land Impairments [Member]
Cost of Sales:
Impairments	1,900		1,900
Land Impairments [Member] | Consolidation, Eliminations [Member]
Cost of Sales:
Impairments	0		0
Land Impairments [Member] | Parent Company [Member]
Cost of Sales:
Impairments	0		0
Land Impairments [Member] | Guarantor Subsidiaries [Member]
Cost of Sales:
Impairments	1,900		1,900
Land Impairments [Member] | Non-Guarantor Subsidiaries [Member]
Cost of Sales:
Impairments	$ 0		$ 0

Note 17 - Supplemental Guaran_6

Note 17 - Supplemental Guarantor Information - Supplemental Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Net cash (used in) provided by operating activities	$ 58,591	$ (135,968)
Investing activities:
Purchases of property and equipment	(26)	(215)
Contributions and advances to unconsolidated joint ventures	(5,083)	(12,670)
Contributions to subsidiaries from corporate	0	0
Distributions of capital from subsidiaries to corporate	0	0
Distributions of capital and repayment of advances from unconsolidated joint ventures	6,873	14,316
Net cash provided by investing activities	1,764	1,609
Interest collected on advances to unconsolidated joint ventures		178
Financing activities:
Borrowings from credit facility	40,000	115,000
Repayments of credit facility	(89,500)	(53,000)
Repurchases of senior notes	(10,856)	0
Contributions to subsidiaries from corporate	0	0
Distributions to corporate from subsidiaries	0	0
Repurchases of common stock	(1,042)	(5,764)
Tax withholding paid on behalf of employees for stock awards	(488)	(982)
Net cash used in financing activities	(61,886)	55,254
Net (decrease) increase in cash, cash equivalents and restricted cash	(1,531)	(79,105)
Cash, cash equivalents and restricted cash – beginning of period	42,542	123,970
Cash, cash equivalents and restricted cash – end of period	41,011	44,865
Net cash (used in) provided by operating activities	58,591	(135,968)
Repayments of credit facility	(89,500)	(53,000)
Consolidation, Eliminations [Member]
Net cash (used in) provided by operating activities	0	(701)
Investing activities:
Purchases of property and equipment	0	0
Contributions and advances to unconsolidated joint ventures	0	0
Contributions to subsidiaries from corporate	69,925	205,459
Distributions of capital from subsidiaries to corporate	(164,275)	(112,374)
Distributions of capital and repayment of advances from unconsolidated joint ventures	0	0
Net cash provided by investing activities	(94,350)	93,085
Interest collected on advances to unconsolidated joint ventures		0
Financing activities:
Borrowings from credit facility	0	0
Repayments of credit facility	0	0
Repurchases of senior notes	0
Contributions to subsidiaries from corporate	(69,925)	(205,459)
Distributions to corporate from subsidiaries	164,275	113,075
Repurchases of common stock	0	0
Tax withholding paid on behalf of employees for stock awards	0	0
Net cash used in financing activities	94,350	(92,384)
Net (decrease) increase in cash, cash equivalents and restricted cash	0	0
Cash, cash equivalents and restricted cash – beginning of period	0	0
Cash, cash equivalents and restricted cash – end of period	0	0
Net cash (used in) provided by operating activities	0	(701)
Repayments of credit facility	0	0
Parent Company [Member]
Net cash (used in) provided by operating activities	(46,448)	(46,038)
Investing activities:
Purchases of property and equipment	(11)	(27)
Contributions and advances to unconsolidated joint ventures	0	0
Contributions to subsidiaries from corporate	(69,925)	(205,459)
Distributions of capital from subsidiaries to corporate	164,275	112,374
Distributions of capital and repayment of advances from unconsolidated joint ventures	0	0
Net cash provided by investing activities	94,339	(93,112)
Interest collected on advances to unconsolidated joint ventures		0
Financing activities:
Borrowings from credit facility	40,000	115,000
Repayments of credit facility	(89,500)	(53,000)
Repurchases of senior notes	(10,856)
Contributions to subsidiaries from corporate	0	0
Distributions to corporate from subsidiaries	0	0
Repurchases of common stock	(1,042)	(5,764)
Tax withholding paid on behalf of employees for stock awards	(488)	(982)
Net cash used in financing activities	(61,886)	55,254
Net (decrease) increase in cash, cash equivalents and restricted cash	(13,995)	(83,896)
Cash, cash equivalents and restricted cash – beginning of period	28,877	99,586
Cash, cash equivalents and restricted cash – end of period	14,882	15,690
Net cash (used in) provided by operating activities	(46,448)	(46,038)
Repayments of credit facility	(89,500)	(53,000)
Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities	105,016	(89,209)
Investing activities:
Purchases of property and equipment	(15)	(188)
Contributions and advances to unconsolidated joint ventures	(5,083)	(12,670)
Contributions to subsidiaries from corporate	0	0
Distributions of capital from subsidiaries to corporate	0	0
Distributions of capital and repayment of advances from unconsolidated joint ventures	6,873	14,316
Net cash provided by investing activities	1,775	1,636
Interest collected on advances to unconsolidated joint ventures		178
Financing activities:
Borrowings from credit facility	0	0
Repayments of credit facility	0	0
Repurchases of senior notes	0
Contributions to subsidiaries from corporate	69,925	205,459
Distributions to corporate from subsidiaries	(164,275)	(113,075)
Repurchases of common stock	0	0
Tax withholding paid on behalf of employees for stock awards	0	0
Net cash used in financing activities	(94,350)	92,384
Net (decrease) increase in cash, cash equivalents and restricted cash	12,441	4,811
Cash, cash equivalents and restricted cash – beginning of period	13,518	24,196
Cash, cash equivalents and restricted cash – end of period	25,959	29,007
Net cash (used in) provided by operating activities	105,016	(89,209)
Repayments of credit facility	0	0
Non-Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities	23	(20)
Investing activities:
Purchases of property and equipment	0	0
Contributions and advances to unconsolidated joint ventures	0	0
Contributions to subsidiaries from corporate	0	0
Distributions of capital from subsidiaries to corporate	0	0
Distributions of capital and repayment of advances from unconsolidated joint ventures	0	0
Net cash provided by investing activities	0	0
Interest collected on advances to unconsolidated joint ventures		0
Financing activities:
Borrowings from credit facility	0	0
Repayments of credit facility	0	0
Repurchases of senior notes	0
Contributions to subsidiaries from corporate	0	0
Distributions to corporate from subsidiaries	0	0
Repurchases of common stock	0	0
Tax withholding paid on behalf of employees for stock awards	0	0
Net cash used in financing activities	0	0
Net (decrease) increase in cash, cash equivalents and restricted cash	23	(20)
Cash, cash equivalents and restricted cash – beginning of period	147	188
Cash, cash equivalents and restricted cash – end of period	170	168
Net cash (used in) provided by operating activities	23	(20)
Repayments of credit facility	$ 0	$ 0