New Home (NWHM) 10-Q 8 May 20 2020 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 07, 2020
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	Q1
Document Fiscal Year Focus	2020
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2020
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	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		18,179,865

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Assets
Cash and cash equivalents	$ 87,863	$ 79,314
Restricted cash	424	117
Contracts and accounts receivable	15,637	15,982
Due from affiliates	108	238
Real estate inventories	398,973	433,938
Investment in and advances to unconsolidated joint ventures	29,237	30,217
Deferred tax asset, net	16,589	17,503
Other assets	31,105	25,880
Total assets	579,936	603,189
Liabilities and equity
Accounts payable	21,038	25,044
Accrued expenses and other liabilities	36,083	40,554
Senior notes, net	300,479	304,832
Total liabilities	357,600	370,430
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, 18,957,165 and 20,096,969, shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively	190	201
Additional paid-in capital	191,926	193,862
Retained earnings	30,108	38,584
Total stockholders' equity	222,224	232,647
Non-controlling interest in subsidiary	112	112
Total equity	222,336	232,759
Total liabilities and equity	$ 579,936	$ 603,189

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
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)	18,957,165	20,096,969
Common stock, shares outstanding (in shares)	18,957,165	20,096,969

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Revenue	$ 132,033	$ 118,848
Cost of Sales:
Cost of Sales	120,366	105,837
Gross Margin:
Gross Margin	11,667	13,011
Selling and marketing expenses	(7,466)	(8,679)
General and administrative expenses	(6,023)	(7,391)
Equity in net income (loss) of unconsolidated joint ventures	(1,937)	184
Interest expense	(718)	0
Project abandonment costs	(14,036)	(5)
Gain (loss) on early extinguishment of debt	(123)	417
Other income (expense), net	223	(188)
Pretax loss	(18,413)	(2,651)
Benefit for income taxes	9,937	664
Net loss	(8,476)	(1,987)
Net loss attributable to non-controlling interest	0	0
Net loss attributable to The New Home Company Inc.	$ (8,476)	$ (1,987)
Loss per share attributable to The New Home Company Inc.:
Basic (in dollars per share)	$ (0.42)	$ (0.10)
Diluted (in dollars per share)	$ (0.42)	$ (0.10)
Weighted average shares outstanding:
Basic (in shares)	19,951,825	19,986,394
Diluted (in shares)	19,951,825	19,986,394
Home Building [Member]
Revenues:
Revenue	$ 95,659	$ 99,186
Cost of Sales:
Cost of Sales	84,722	86,569
Gross Margin:
Gross Margin	10,937	12,617
Pretax loss	(19,143)	(3,045)
Land [Member]
Revenues:
Revenue	147	0
Cost of Sales:
Cost of Sales	147	0
Gross Margin:
Gross Margin	0	0
Construction [Member]
Revenues:
Revenue	36,227	19,662
Cost of Sales:
Cost of Sales	35,497	19,268
Gross Margin:
Gross Margin	730	394
Pretax loss	$ 730	$ 394

Condensed Consolidated Statem_2

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, 2018	20,058,904
Balance at Dec. 31, 2018	$ 201	$ 193,132	$ 46,621	$ 239,954	$ 76	$ 240,030
Net loss	0	0	(1,987)	(1,987)	0	(1,987)
Stock-based compensation expense	$ 0	566	0	566	0	566
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)	229,545
Shares issued through stock plans	$ 1	(1)	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 Mar. 31, 2019	20,049,113
Balance at Mar. 31, 2019	$ 200	192,169	44,634	237,003	76	$ 237,079
Balance (in shares) at Dec. 31, 2019	20,096,969					20,096,969
Balance at Dec. 31, 2019	$ 201	193,862	38,584	232,647	112	$ 232,759
Net loss	0	0	(8,476)	(8,476)	0	(8,476)
Stock-based compensation expense	$ 0	589	0	589	0	589
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans (in shares)	(58,098)
Shares net settled with the Company to satisfy employee personal income tax liabilities resulting from share based compensation plans	$ 0	(303)	0	(303)	0	(303)
Shares issued through stock plans (in shares)	152,177
Shares issued through stock plans	$ 1	(1)	0	0	0	$ 0
Repurchase of common stock (in shares)	(1,233,883)					(1,233,883)
Repurchase of common stock	$ (12)	(2,221)	0	(2,233)	0	$ (2,233)
Balance (in shares) at Mar. 31, 2020	18,957,165					18,957,165
Balance at Mar. 31, 2020	$ 190	$ 191,926	$ 30,108	$ 222,224	$ 112	$ 222,336

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Operating activities:
Net loss	$ (8,476,000)	$ (1,987,000)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Deferred taxes	914,000	0
Amortization of stock-based compensation	589,000	566,000
Distributions of earnings from unconsolidated joint ventures	0	260,000
Project abandonment costs	14,036,000	5,000
Equity in net (income) loss of unconsolidated joint ventures	1,937,000	(184,000)
Depreciation and amortization	1,845,000	2,656,000
(Gain) loss on early extinguishment of debt	123,000	(417,000)
Net changes in operating assets and liabilities:
Contracts and accounts receivable	345,000	1,806,000
Due from affiliates	130,000	524,000
Real estate inventories	27,130,000	9,676,000
Other assets	(11,804,000)	(2,343,000)
Accounts payable	(4,006,000)	(18,753,000)
Accrued expenses and other liabilities	(5,462,000)	(4,041,000)
Net cash provided by (used in) operating activities	17,301,000	(12,232,000)
Investing activities:
Purchases of property and equipment	(125,000)	(5,000)
Contributions and advances to unconsolidated joint ventures	(2,057,000)	(1,335,000)
Distributions of capital and repayment of advances from unconsolidated joint ventures	1,100,000	2,562,000
Net cash (used in) provided by investing activities	(1,082,000)	1,222,000
Financing activities:
Borrowings from credit facility	0	30,000,000
Repayments of credit facility	0	(13,500,000)
Repurchases of senior notes	(4,827,000)	(4,512,000)
Repurchases of common stock	(2,233,000)	(1,042,000)
Tax withholding paid on behalf of employees for stock awards	(303,000)	(488,000)
Net cash (used in) provided by financing activities	(7,363,000)	10,458,000
Net increase (decrease) in cash, cash equivalents and restricted cash	8,856,000	(552,000)
Cash, cash equivalents and restricted cash – beginning of period	79,431,000	42,542,000
Cash, cash equivalents and restricted cash – end of period	$ 88,287,000	$ 41,990,000

Note 1 - Organization and Summa

Note 1 - Organization and Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
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 of $58.9 million at June 28, 2019, 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, 2019 not 19" 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. Subsequent Events On March 11, 2020 19 March 31, 2020, 19 2020 19 1A On May 8, 2020, 4.95%. one May 20, 2020. one two $11.50 one or exchanged earlier by the Company or terminated, the rights will expire upon the earliest to occur of (i) the close of business on May 7, 2021, ( 382 1986, no no 382 382 not Reclassifications No Segment Reporting 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 $0.4 million and $0.1 million as of March 31, 2020 December 31, 2019 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. Three Months Ended March 31, 2020 2019 (Dollars in thousands) Cash and cash equivalents $ 87,863 $ 41,874 Restricted cash 424 116 Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 88,287 $ 41,990 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 project abandonment costs 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 ons. For the three March 31, 2020 2019, no three March 31, 2020 2019, 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 bui lding revenues have historically been concentrated with a small number of customers. For the three March 31, 2020 2019 , one third March 31, 2020 and December 31, 2019 , one g escrow receivables from home sales. 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 March 31, 2020 posits of $13.6 million pertaining to land option contracts and purchase contracts. As of March 31, 2020 December 31, 2019 not 810, Non-controlling Interest During 2013, third 810, not March 31, 2020 December 31, 2019 third f $0.1 millio 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 March 31, 2020 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. three March 31, 2020 2019 $2.3 m 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 and Litigation Accruals We offer warranties on our homes that generally cover various defects in workmanship or materials, or structural construction defects for one two third While our subcontractors who perform our homebuilding work generally provide us with an indemnity for claims relating to their workmanship and materials, we also purchase general liability insurance that covers development and construction activity at each of our communities. Our subcontractors are usually covered by these programs through an owner-controlled insurance program, or "OCIP." Consultants such as engineers and architects are generally not not Contracts and Accounts Receivable Contracts and accounts receivable primarily represent the fees earned, but not not not March 31, 2020 December 31, 2019 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 March 31, 2020 December 31, 2019 ASC 740 not, not March 31, 2020 The Company classifies any interest and penalties related to income taxes assessed as part of income tax expense. As of March 31, 2020 not Stock-Based Compensation We account for share-based awards in accordance with ASC 718, Compensation – Stock Compensation 718" 718 718 2018, 718 one 2019 first 718. 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 three March 31, 2020 2019 rice of $2.2 million Subsequent to March 31, 2020, 10b5 1 May 7, 2020 May 7, 2020. Dividends No dividends were paid on our common stock during the three March 31, 2020 2019 not not Recently Issued Accounting Standards The Company's status as an "emerging growth company" pursuant to the provisions of the Jumpstart Our Business Startups Act of 2012 December 31, 2019. 102 7 2 1933, 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, 2019 11, Codification Improvements to Topic 326, November 2019, 2020 02, Financial Instruments - Credit Losses (Topic 326 842 February 2020 January 1, 2020, November 2019, 2019 10, Financial Instruments - Credit Losses (Topic 326 815 842 December 15, 2022, not 2016 13 January 1, 2020, not . In August 2018, 2018 13, Fair Value Measurement (Topic 820 2018 13" 2018 13 2018 13 2020 first no In December 2019, 2019 12, Income Taxes (Topic 740 Simplifying the Accounting for Income Taxes 2019 12" December 15, 2020, 2019 12. In January 2020, 2020 01, Investments - Equity Securities (Topic 321 323 815 2020 01" 2020 01 321 323 815. December 31, 2020, no

Note 2 - Computation of Loss Pe

Note 2 - Computation of Loss Per Share	3 Months Ended
	Mar. 31, 2020
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 loss per share for the three March 31, 2020 2019 Three Months Ended March 31, 2020 2019 (Dollars in thousands, except per share amounts) Numerator: Net loss attributable to The New Home Company Inc. $ (8,476 ) $ (1,987 ) Denominator: Basic weighted-average shares outstanding 19,951,825 19,986,394 Effect of dilutive shares: Stock options and unvested restricted stock units — — Diluted weighted-average shares outstanding 19,951,825 19,986,394 Basic loss per share attributable to The New Home Company Inc. $ (0.42 ) $ (0.10 ) Diluted loss per share attributable to The New Home Company Inc. $ (0.42 ) $ (0.10 ) Antidilutive stock options and unvested restricted stock units not included in diluted loss per share 1,785,826 1,451,485

Note 3 - Contracts and Accounts

Note 3 - Contracts and Accounts Receivable	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	3. Contracts and accounts receivable consist of the following: March 31, December 31, 2020 2019 (Dollars in thousands) Contracts receivable: Costs incurred on fee building projects $ 35,497 $ 93,281 Estimated earnings 730 2,052 36,227 95,333 Less: amounts collected during the period (24,620 ) (84,979 ) Contracts receivable $ 11,607 $ 10,354 Contracts receivable: Billed $ — $ — Unbilled 11,607 10,354 11,607 10,354 Accounts receivable: Escrow receivables 3,679 5,392 Other receivables 351 236 Contracts and accounts receivable $ 15,637 $ 15,982 Billed contracts receivable represent amounts billed to customers that have yet to be collected. Unbilled contracts receivable represents the contract revenue recognized but not March 31, 2020 December 31, 2019 30 March 31, 2020 December 31, 2019 des $10.6

Note 4 - Real Estate Inventorie

Note 4 - Real Estate Inventories	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Real Estate Disclosure [Text Block]	4. Real estate inventories are summarized as follows: March 31, December 31, 2020 2019 (Dollars in thousands) Deposits and pre-acquisition costs $ 16,880 $ 17,865 Land held and land under development 168,672 180,823 Homes completed or under construction 154,430 183,711 Model homes 58,991 51,539 $ 398,973 $ 433,938 All of our deposits and pre-acquisition costs are nonrefundable, except for refundable deposits o f $0.1 m March 31, 2020 December 31, 2019 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 allocated 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 For the three March 31, 2020 and 2019, no During the 2020 first , the Company decided to abandon the future acquisition, development, construction and sale of future phases of the project that were under option. In accordance with ASC 970 360 40 1, not three March 31, 2020,

Note 5 - Capitalized Interest

Note 5 - Capitalized Interest	3 Months Ended
	Mar. 31, 2020
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 not three March 31, 2020 2019 Three Months Ended March 31, 2020 2019 (Dollars in thousands) Interest incurred $ 6,380 $ 7,761 Interest capitalized to inventory (5,662 ) (7,761 ) Interest expensed $ 718 $ — Capitalized interest in beginning inventory $ 26,397 $ 25,681 Interest capitalized as a cost of inventory 5,662 7,761 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition — 10 Previously capitalized interest included in cost of home and land sales (6,146 ) (4,852 ) Previously capitalized interest included in project abandonments costs (761 ) — Capitalized interest in ending inventory $ 25,152 $ 28,600 Capitalized interest in beginning investment in unconsolidated joint ventures $ 541 $ 713 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition — (10 ) Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures (448 ) (31 ) Capitalized interest in ending investment in unconsolidated joint ventures 93 672 Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 25,245 $ 29,272 Capitalized interest as a percentage of inventory 6.3 % 5.1 % Interest included in cost of home sales as a percentage of home sales revenue 6.5 % 4.9 % Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures 0.3 % 2.0 % For the three March 31, 2020, one 4. For the three March 31, 2020, one 6.

Note 6 - Investments in and Adv

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	6. As of March 31, 2020 December 31, 2019 March 31, December 31, 2020 2019 (Dollars in thousands) Cash and cash equivalents $ 30,514 $ 31,484 Restricted cash 13,237 13,852 Real estate inventories 234,460 241,416 Other assets 4,108 3,843 Total assets $ 282,319 $ 290,595 Accounts payable and accrued liabilities $ 16,570 $ 16,778 Notes payable 21,910 28,665 Total liabilities 38,480 45,443 The New Home Company's equity (1) 28,403 27,722 Other partners' equity 215,436 217,430 Total equity 243,839 245,152 Total liabilities and equity $ 282,319 $ 290,595 Debt-to-capitalization ratio 8.2 % 10.5 % Debt-to-equity ratio 9.0 % 11.7 % ( 1 Balance represents the Company's interest, as reflected in the financial records of the respective joint ventures. This balance differs from the investment in and advances to unconsolidated joint ventures balance reflected in the Company's consolidated balance sheets by $0.8 m The condensed combined statements of operations for our unconsolidated joint ventures accounted for under the equity method were as follows: Three Months Ended March 31, 2020 2019 (Dollars in thousands) Revenues $ 31,647 $ 42,287 Cost of sales and expenses 30,285 41,774 Net income of unconsolidated joint ventures $ 1,362 $ 513 Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (1,937 ) $ 184 The Company reviews its investments in and advances to unconsolidated joint ventures for other-than-temporary declines in value in accordance with ASC 820 . three March 31, 2020 2019, 2020 2020 second 30% As a smaller reporting company, the Company is subject to the provisions of Rule 8 03 3 X 20% three March 31, 2019, no 20% three March 31, 2020, one 20% three March 31, 2020 2019: Three Months Ended March 31, 2020 2019 (Dollars in thousands) Revenues $ 4,624 $ 3,698 Cost of land sales 3,065 3,375 Gross margin $ 1,559 $ 323 Expenses 674 636 Net income (loss) $ 885 $ (313 ) Equity in net loss of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (2,226 ) $ (30 ) In the above table, the Company's $2.2 million loss included in equity in net income (loss) of unconsolidated joint ventures for the three March 31, 2020 For the three March 31, 2020 2019 $0.4 m 12.

Note 7 - Other Assets

Note 7 - Other Assets	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Other Assets Disclosure [Text Block]	7. Other assets consist of the following: March 31, December 31, 2020 2019 (Dollars in thousands) Capitalized selling and marketing costs, net (1) $ 6,662 $ 7,148 Prepaid income taxes (2) 11,676 1,032 Insurance receivable (3) 6,500 10,900 Warranty insurance receivable (4) 1,878 1,852 Prepaid expenses 2,388 2,729 Right-of-use lease assets 1,695 1,988 Other 306 231 $ 31,105 $ 25,880 ( 1 Capitalized selling and marketing costs includes costs incurred for tangible assets directly used in the sales process such as our sales offices, design studios and model furnishings, and also includes model landscaping costs, which were $2.4 million and $2.6 million as of M arch 31, 2020 December 31, 2019, $1.8 million and $2.6 million of capitalized selling and marketing costs to selling and marketing expenses during the three March 31, 2020 2019, ( 2 The amount at March 31, 2020 2018 2020 five ( 3 At December 31, 2019, ompany recorded insurance receivables of $10.9 million in connection with $10.9 million of litigation reserves recorded. During the three March 31, 2020, one March 31, 2020, 8. ( 4 During the three March 31, 2020 $0.1

Note 8 - Accrued Expenses and O

Note 8 - Accrued Expenses and Other Liabilities	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Accrued Expenses and Other Liabilities [Text Block]	8. Accrued expenses and other liabilities consist of the following: March 31, December 31, 2020 2019 (Dollars in thousands) Warranty accrual (1) $ 6,864 $ 7,223 Litigation reserves (2) 6,500 10,900 Accrued interest 11,537 5,796 Accrued compensation and benefits 3,373 5,350 Completion reserve 1,367 3,167 Customer deposits 3,191 3,574 Lease liabilities 1,893 2,243 Other accrued expenses 1,358 2,301 $ 36,083 $ 40,554 ( 1 Included in the amount at March 31, 2020 December 31, 2019 y $1.9 millio ( 2 During 2019, orded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth December 31, 2019. $5.9 $5.0 December 31, 2019. three March 31, 2020, one March 31, 2020, 7. 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 master general liability policies which cover most of our projects allow for our warranty spend to erode our self-insured retention requirements. We establish and track separately our warranty accrual and litigation reserves for both known and IBNR construction defect claims. Our warranty accrual and litigation reserves for construction defect claims are presented on a gross basis within accrued expenses and other liabilities in the accompanying condensed consolidated financial statements without consideration of insurance recoveries. Expected recoveries from insurance carriers are tracked separately between warranty insurance receivables and insurance receivables related to litigated claims and are presented within other assets in the accompanying condensed consolidated financial statements. Our warranty accrual and related estimated insurance recoveries are based on historical warranty 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. Our litigation reserves for both known and IBNR future construction defect claims 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 construction defect claim 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 costs and related insurance recoveries could differ significantly from amounts currently estimated. Changes in our warranty accrual are detailed in the table set forth below: Three Months Ended March 31, 2020 2019 (Dollars in thousands) Beginning warranty accrual for homebuilding projects $ 7,195 $ 6,681 Warranty provision for homebuilding projects 421 427 Warranty payments for homebuilding projects (780 ) (341 ) Ending warranty accrual for homebuilding projects 6,836 6,767 Beginning warranty accrual for fee building projects 28 217 Warranty provision for fee building projects — 9 Warranty efforts for fee building projects — (48 ) Ending warranty accrual for fee building projects 28 178 Total ending warranty accrual $ 6,864 $ 6,945

Note 9 - Senior Notes and Unsec

Note 9 - Senior Notes and Unsecured Revolving Credit Facility	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Debt Disclosure [Text Block]	9. Indebtedness consisted of the following: March 31, December 31, 2020 2019 (Dollars in thousands) 7.25% $ 300,479 $ 304,832 Unsecured revolving credit facility — — Total Indebtedness $ 300,479 $ 304,832 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 March 31, 2020 ount of $1.0 million, unamortized premium of $0.8 million, and unamortized debt issuance costs of $2.6 million, each of which are amortized and capitalized to interest costs on a straight-line basis over the respective terms of the notes which approximates the effective interest method. The carrying amount for the Senior Notes list December 31, 2019 March 31, 2020, 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 three March 31, 2020 , the Company repurchased and retired approximately $4.8 million in face value of the Notes at 101.63% of the face value for a cash payment of approximately $4.8 million. The Company recognized a loss on early extinguishment of debt of $0.1 million and wrote off approximately $46,000 of unamortized discount, premium and debt issuance costs associated with the Notes retired. During the three March 31, 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; March 31, 2020 ad no 1 March 31, 2020 3.99%. not not 12 March 31, 2020 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 March 31, 2020 December 31, 2019 y did not

Note 10 - Fair Value Disclosure

Note 10 - Fair Value Disclosures	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Fair Value Disclosures [Text Block]	10. ASC 820 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 March 31, 2020 December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in thousands) 7.25% Senior Notes due 2022, net (1) $ 300,479 $ 266,873 $ 304,832 $ 298,775 Unsecured revolving credit facility $ — $ — $ — $ — ( 1 The carrying value for the Senior Notes, as presented at March 31, 2020 , is net of the unamortized discount of $1.0 million, unamortized premium of $0.8 million, and unamortized debt issuance costs of $2.6 million. The carrying value for the Senior Notes, as presented at December 31, 2019 , is net of the unamortized discount of $1.1 million, unamortized premium of $0.9 million, and unamortized debt issuance costs of $3.0 million. The unamortized discount, unamortized premium and debt issuance costs are 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 March 31, 2020 2019, 2020 2020 second 2 . For more information on the investment in unconsolidated joint ventures impairment, please refer to Note 6.

Note 11 - Commitments and Conti

Note 11 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
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. During 2019, 2019 fourth December 31, 2019. $5.9 $5.0 December 31, 2019. three March 31, 2020, one March 31, 2020. 1 8 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 March 31, 2020 December 31, 2019 , $21.9 million and $28.6 million, respectively, was outstanding under loans that are credit enhanced by the Company through LTV maintenance agreements. Under the terms of the joint venture agreements, the Company's proportionate share of LTV maintenance agreement liabilities was $4.4 March 31, 2020 December 31, 2019 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 March 31, 2020 December 31, 2019 $46.3 million and $47.6 million, respectively. The estimated remaining costs to complete of such improvements as of March 31, 2020 and December 31, 2019 were $24.7 milli third not The Company accounts for contracts deemed to contain a lease under ASC 842, Leases one not $1.7 million and $1.9 million, re March 31, 2020 December 31, 2019, For the three March 31, 2020 2019 one Three Months Ended March 31, 2020 2019 (Dollars in thousands) Lease cost: Lease costs included in general and administrative expenses $ 311 $ 355 Lease costs included in real estate inventories 97 162 Lease costs included in selling and marketing expenses 39 17 Net lease cost (1) $ 447 $ 534 Other Information: Lease cash flows (included in operating cash flows) (1) $ 498 $ 490 ( 1 Does not one imately $0.1 million and $0.3 million for three March 31, 2020 2019, one $59,000 and $49,000 for three March 31, 2020 2019, Future lease payments under our operating leases are as follows (dollars in thousands): Remaining for 2020 $ 1,284 2021 629 2022 34 2023 18 2024 2 Thereafter — Total lease payments (1) $ 1,967 Less: Interest (2) 74 Present value of lease liabilities (3) $ 1,893 ( 1 Lease payments include options to extend lease terms that are reasonably certain of being exercised. ( 2 Our leases do not ( 3 The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.8 y nd 3.7 % , March 31, 2020 During the 2020 first not 2020 second

Note 12 - Related Party Transac

Note 12 - Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	12. During the three March 31, 2020 2019 ntures totaling $1.2 million and $1.7 million, respectively. As of March 31, 2020 and December 31, 2019 , $0.1 million and $0.2 million, respectively, are included in due from affiliates in the accompanying condensed consolidated balance sheets related to suc 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 March 31, 2020 2019 , the Company earned $0.4 million and $0.5 million, respectively, in management fees, which have been recorded as fee building revenues in the accompanying condensed consolidated statements of operations. As of March 31, 2020 and December 31, 2019 , $0 and $0, respectively, of management fees are included in due from affiliates in the accompanying condensed consolidated balance sheets. 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 s was $15.6 mil March 31, 2020 December 31, 2019 During the 2019 second second second second 1 none 1 second 1 1 TL Fab LP, an affiliate of one three March 31, 2020 2019 , the Company incurred $0 and $33,000, respectively, for these services. Of these costs, none March 31, 2020 and December 31, 2019. 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, third March 31, 2020 December 31, 2019 The Company’s land purchase agreement with the Cannery provides for reimbursements of certain fee credits. The Company was not fee credits from the Cannery during the three March 31, 2020 and 2019. March 31, 2020 and December 31, 2019 , $15,000 and $15,000, respectively, in fee credits was due to the Company from the Cannery, which is included in due from affiliates in the accompanying condensed consolidated balance sheets. On June 18, 2015, June 26, 2015 ( June 26, 2019 one March 31, 2020 September 7, 2017, August 25, 1999 ( 2019 first three March 31, 2019, three March 31,2019. three March 31, 2019 March 31, 2020 December 31, 2019 On February 17, 2017, ated $0 and $18,000 fo three March 31, 2020 2019 2016 2019 first August 2019 not March 31, 2020 December 31, 2019 On February 14, 2019, March 1, 2019. The agreement originally was set to expire on March 1, 2020 April 2020 May 2020, At March 31, 2020 , no fees were due to Mr. Redwitz for his consulting services. The Company entered into agreements during 2018 2017 one 2019 2020. During 2017, not three March 31, 2020 2019. March 31, 2020 d $0.4 mi December 31, 2019, no 2017, $56.3 not three March 31, 2020 2019. 2019 second third third third third 2019, March 31, 2020 third id (A) $0.2 million for fees and costs, (B) $3.0 million in option payments, and (C) $18.0 million for the purchase of lots directly from the IHP affiliate. During 2018, March 31, 2020, of $0.3 not no In the first 2018, 2018, March 31, 2020 2019 third not three March 31, 2020 March 31, 2019. March 31, 2020 $0.1 fourth 2018, second The Compan not three March 31, 2020 three March 31, 2019. March 31, 2020 ly 92% of the opti $0.2 millio g fees, and no deposit re During April 2020, three March 31, 2020, 2020 second 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	3 Months Ended
	Mar. 31, 2020
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 awards under the 2016 March 31, 2020 , 61,443 shares remain available for grant under the 2014 s 2016 may not one three ten A summary of the Company’s common stock option activity as of and for the three March 31, 2020 2019 Three Months Ended March 31, 2020 2019 Number of Shares Weighted-Average Exercise Price per Share Number of Shares Weighted-Average Exercise Price per Share Outstanding Stock Option Activity Outstanding, beginning of period 1,068,017 $ 9.78 821,470 $ 11.00 Granted 161,479 $ 5.36 249,283 $ 5.76 Exercised — $ — — $ — Forfeited — $ — — $ — Outstanding, end of period 1,229,496 $ 9.20 1,070,753 $ 9.78 Exercisable, end of period 901,829 $ 10.52 821,470 $ 11.00 A summary of the Company’s restricted stock unit activity as of and for the three March 31, 2020 2019 Three Months Ended March 31, 2020 2019 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 592,116 $ 6.36 469,227 $ 10.75 Granted 241,556 $ 5.36 135,473 $ 5.76 Vested (152,177 ) $ 9.45 (229,545 ) $ 10.60 Forfeited (428 ) $ 11.68 (46,571 ) $ 10.89 Outstanding, end of period 681,067 $ 5.32 328,584 $ 8.78 A summary of the Company’s performance share unit activity as of and for the three March 31, 2020 2019 Three Months Ended March 31, 2020 2019 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) — $ — — $ — Vested — $ — — $ — Forfeited — $ — (26,882 ) $ 11.68 Outstanding, end of period (at target) — $ — 98,540 $ 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 March 31, 2020 2019 (Dollars in thousands) Expense related to: Stock options $ 64 $ 22 Restricted stock units and performance share units 525 544 $ 589 $ 566 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 in each year: Three Months Ended March 31, 2020 2019 Expected term (in years) 6.0 6.0 Expected volatility 41.8 % 39.9 % Risk-free interest rate 1.4 % 2.5 % Expected dividends — — Weighted-average grant date fair value per share $ 2.24 $ 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 would vest ranged from 50%-150% of the target amount awarded based on actual cumulative earnings per share and return on equity growth from 2018 2019, 2018 2019 three March 31, 2019, December 31, 2019, not At March 31, 2020 , the amount of unearned stock-based compensation currently estimated to be expensed through 2023 may

Note 14 - Income Taxes

Note 14 - Income Taxes	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Income Tax Disclosure [Text Block]	14. For the three March 31, 2020 2019, for the three March 31, 2020, 2020 first March 27, 2020. 4. 2018 2020 five $2.1 21% 35% for the three March 31, 2019 three March 31, 2019 The CARES Act includes various income and payroll tax provisions that we are in the process of analyzing to determine the financial impact on our condensed consolidated financial statements. Aside from the carry back provision discussed above, the Company does not 2020 first

Note 15 - Segment Information

Note 15 - Segment Information	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	15. The Company’s operations are organized into three reportable segments: two 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 March 31, 2020 2019 (Dollars in thousands) Homebuilding revenues: California home sales $ 83,280 $ 83,332 California land sales 147 — Arizona home sales 12,379 15,854 Total homebuilding revenues 95,806 99,186 Fee building revenues, including management fees 36,227 19,662 Total revenues $ 132,033 $ 118,848 Homebuilding pretax loss: California $ (4,451 ) $ (2,567 ) Arizona (14,692 ) (478 ) Total homebuilding loss (19,143 ) (3,045 ) Fee building pretax income, including management fees 730 394 Total loss $ (18,413 ) $ (2,651 ) March 31, December 31, 2020 2019 (Dollars in thousands) Homebuilding assets: California $ 398,714 $ 416,179 Arizona 61,519 82,234 Total homebuilding assets 460,233 498,413 Fee building assets 12,636 11,193 Corporate unallocated assets 107,067 93,583 Total assets $ 579,936 $ 603,189

Note 16 - Supplemental Disclosu

Note 16 - Supplemental Disclosure of Cash Flow Information	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Cash Flow, Supplemental Disclosures [Text Block]	16. The following table presents certain supplemental cash flow information: Three Months Ended March 31, 2020 2019 (Dollars in thousands) Supplemental disclosures of cash flow information Interest paid, net of amounts capitalized $ — $ — Income taxes paid $ — $ —

Note 17 - Supplemental Guaranto

Note 17 - Supplemental Guarantor Information	3 Months Ended
	Mar. 31, 2020
Notes to Financial Statements
Supplemental Guarantor Information [Text Block]	17. The Company's Notes are guaranteed, on an unsecured basis, jointly and severally, by all of the Company's 100% 1 no 2 3 not not no 4 5 not 6 may not SUPPLEMENTAL CONDENSED CONSOLIDATING BALANCE SHEETS March 31, 2020 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 69,603 $ 18,085 $ 175 $ — $ 87,863 Restricted cash — 424 — — 424 Contracts and accounts receivable 11 16,514 — (888 ) 15,637 Intercompany receivables 262,949 — — (262,949 ) — Due from affiliates — 108 — — 108 Real estate inventories — 398,973 — — 398,973 Investment in and advances to unconsolidated joint ventures — 29,237 — — 29,237 Investment in subsidiaries 171,369 — — (171,369 ) — Deferred tax asset, net 16,060 529 — — 16,589 Other assets 20,324 10,754 27 — 31,105 Total assets $ 540,316 $ 474,624 $ 202 $ (435,206 ) $ 579,936 Liabilities and equity Accounts payable $ 47 $ 20,991 $ — $ — $ 21,038 Accrued expenses and other liabilities 17,566 19,368 26 (877 ) 36,083 Intercompany payables — 262,949 — (262,949 ) — Due to affiliates — 11 — (11 ) — Senior notes, net 300,479 — — — 300,479 Total liabilities 318,092 303,319 26 (263,837 ) 357,600 Total stockholders' equity 222,224 171,305 64 (171,369 ) 222,224 Non-controlling interest in subsidiary — — 112 — 112 Total equity 222,224 171,305 176 (171,369 ) 222,336 Total liabilities and equity $ 540,316 $ 474,624 $ 202 $ (435,206 ) $ 579,936 December 31, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 66,166 $ 12,978 $ 170 $ — $ 79,314 Restricted cash — 117 — — 117 Contracts and accounts receivable 3 16,403 — (424 ) 15,982 Intercompany receivables 258,372 — — (258,372 ) — Due from affiliates — 238 — — 238 Real estate inventories — 433,938 — — 433,938 Investment in and advances to unconsolidated joint ventures — 30,217 — — 30,217 Investment in subsidiaries 198,448 — — (198,448 ) — Deferred tax asset, net 17,003 500 — — 17,503 Other assets 9,505 16,340 35 — 25,880 Total assets $ 549,497 $ 510,731 $ 205 $ (457,244 ) $ 603,189 Liabilities and equity Accounts payable $ 68 $ 24,973 $ 3 $ — $ 25,044 Accrued expenses and other liabilities 11,950 28,999 26 (421 ) 40,554 Intercompany payables — 258,372 — (258,372 ) — Due to affiliates — 3 — (3 ) — Senior notes, net 304,832 — — — 304,832 Total liabilities 316,850 312,347 29 (258,796 ) 370,430 Total stockholders' equity 232,647 198,384 64 (198,448 ) 232,647 Non-controlling interest in subsidiary — — 112 — 112 Total equity 232,647 198,384 176 (198,448 ) 232,759 Total liabilities and equity $ 549,497 $ 510,731 $ 205 $ (457,244 ) $ 603,189 SUPPLEMENTAL CONDENSED CONSOLIDATING STATEMENTS OF OPERATIONS Three Months Ended March 31, 2020 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 95,659 $ — $ — $ 95,659 Land sales — 147 — — 147 Fee building — 36,227 — — 36,227 — 132,033 — — 132,033 Cost of Sales: Home sales — 84,722 — — 84,722 Land sales — 147 — — 147 Fee building — 35,497 — — 35,497 — 120,366 — — 120,366 Gross Margin: Home sales — 10,937 — — 10,937 Land sales — — — — — Fee building — 730 — — 730 — 11,667 — — 11,667 Selling and marketing expenses — (7,466 ) — — (7,466 ) General and administrative expenses 221 (6,244 ) — — (6,023 ) Equity in net loss of unconsolidated joint ventures — (1,937 ) — — (1,937 ) Equity in net loss of subsidiaries (10,530 ) — — 10,530 — Interest expense — (718 ) — — (718 ) Project abandonment costs — (14,036 ) — — (14,036 ) Loss on early extinguishment of debt (123 ) — — — (123 ) Other income (expense), net 193 30 — — 223 Pretax loss (10,239 ) (18,704 ) — 10,530 (18,413 ) Benefit for income taxes 1,763 8,174 — — 9,937 Net loss (8,476 ) (10,530 ) — 10,530 (8,476 ) Net loss attributable to non-controlling interest in subsidiary — — — — — Net loss attributable to The New Home Company Inc. $ (8,476 ) $ (10,530 ) $ — $ 10,530 $ (8,476 ) Three Months Ended March 31, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 99,186 $ — $ — $ 99,186 Fee building — 19,662 — — 19,662 — 118,848 — — 118,848 Cost of Sales: Home sales — 86,569 — — 86,569 Fee building — 19,268 — — 19,268 — 105,837 — — 105,837 Gross Margin: Home sales — 12,617 — — 12,617 Fee building — 394 — — 394 — 13,011 — — 13,011 Selling and marketing expenses — (8,679 ) — — (8,679 ) General and administrative expenses (566 ) (6,825 ) — — (7,391 ) Equity in net income of unconsolidated joint ventures — 184 — — 184 Equity in net loss of subsidiaries (1,712 ) — — 1,712 — Gain on early extinguishment of debt 417 — — — 417 Project abandonment costs — (5 ) — — (5 ) Other income (expense), net (62 ) (126 ) — — (188 ) Pretax loss (1,923 ) (2,440 ) — 1,712 (2,651 ) (Provision) benefit for income taxes (64 ) 728 — — 664 Net loss (1,987 ) (1,712 ) — 1,712 (1,987 ) Net loss attributable to non-controlling interest in subsidiary — — — — — Net loss attributable to The New Home Company Inc. $ (1,987 ) $ (1,712 ) $ — $ 1,712 $ (1,987 ) SUPPLEMENTAL CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS Three Months Ended March 31, 2020 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash (used in) provided by operating activities $ (5,549 ) $ 22,978 $ 5 $ (133 ) $ 17,301 Investing activities: Purchases of property and equipment (68 ) (57 ) — — (125 ) Contributions and advances to unconsolidated joint ventures — (2,057 ) — — (2,057 ) Contributions to subsidiaries from corporate (21,800 ) — — 21,800 — Distributions of capital from subsidiaries to corporate 38,217 — — (38,217 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 1,100 — — 1,100 Net cash provided by (used in) investing activities $ 16,349 $ (1,014 ) $ — $ (16,417 ) $ (1,082 ) Financing activities: Repurchase of senior notes (4,827 ) — — — (4,827 ) Contributions to subsidiaries from corporate — 21,800 — (21,800 ) — Distributions to corporate from subsidiaries — (38,350 ) — 38,350 — Repurchases of common stock (2,233 ) — — — (2,233 ) Tax withholding paid on behalf of employees for stock awards (303 ) — — — (303 ) Net cash used in financing activities $ (7,363 ) $ (16,550 ) $ — $ 16,550 $ (7,363 ) Net increase in cash, cash equivalents and restricted cash 3,437 5,414 5 — 8,856 Cash, cash equivalents and restricted cash – beginning of period 66,166 13,095 170 — 79,431 Cash, cash equivalents and restricted cash – end of period $ 69,603 $ 18,509 $ 175 $ — $ 88,287 Three Months Ended March 31, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash (used in) provided by operating activities $ (14,259 ) $ 2,035 $ (8 ) $ — $ (12,232 ) Investing activities: Purchases of property and equipment — (5 ) — — (5 ) Contributions and advances to unconsolidated joint ventures — (1,335 ) — — (1,335 ) Contributions to subsidiaries from corporate (46,000 ) — — 46,000 — Distributions of capital from subsidiaries to corporate 39,000 — — (39,000 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 2,562 — — 2,562 Net cash (used in) provided by investing activities $ (7,000 ) $ 1,222 $ — $ 7,000 $ 1,222 Financing activities: Borrowings from credit facility 30,000 — — — 30,000 Repayments of credit facility (13,500 ) — — — (13,500 ) Repurchase of senior notes (4,512 ) — — — (4,512 ) Contributions to subsidiaries from corporate — 46,000 — (46,000 ) — Distributions to corporate from subsidiaries — (39,000 ) — 39,000 — Repurchases of common stock (1,042 ) — — — (1,042 ) Tax withholding paid on behalf of employees for stock awards (488 ) — — — (488 ) Net cash provided by financing activities $ 10,458 $ 7,000 $ — $ (7,000 ) $ 10,458 Net (decrease) increase in cash, cash equivalents and restricted cash (10,801 ) 10,257 (8 ) — (552 ) 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 $ 18,076 $ 23,775 $ 139 $ — $ 41,990

Significant Accounting Policies

Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
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, 2019 not 19" 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.
Subsequent Events, Policy [Policy Text Block]	Subsequent Events On March 11, 2020 19 March 31, 2020, 19 2020 19 1A On May 8, 2020, 4.95%. one May 20, 2020. one two $11.50 one or exchanged earlier by the Company or terminated, the rights will expire upon the earliest to occur of (i) the close of business on May 7, 2021, ( 382 1986, no no 382 382 not
Reclassification, Comparability Adjustment [Policy Text Block]	Reclassifications No
Segment Reporting, Policy [Policy Text Block]	Segment Reporting 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 $0.4 million and $0.1 million as of March 31, 2020 December 31, 2019 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. Three Months Ended March 31, 2020 2019 (Dollars in thousands) Cash and cash equivalents $ 87,863 $ 41,874 Restricted cash 424 116 Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 88,287 $ 41,990
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 project abandonment costs 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 ons. For the three March 31, 2020 2019, no three March 31, 2020 2019,
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 bui lding revenues have historically been concentrated with a small number of customers. For the three March 31, 2020 2019 , one third March 31, 2020 and December 31, 2019 , one g escrow receivables from home sales.
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 March 31, 2020 posits of $13.6 million pertaining to land option contracts and purchase contracts. As of March 31, 2020 December 31, 2019 not 810,
Consolidation, Subsidiaries or Other Investments, Consolidated Entities, Policy [Policy Text Block]	Non-controlling Interest During 2013, third 810, not March 31, 2020 December 31, 2019 third f $0.1 millio
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 March 31, 2020 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. three March 31, 2020 2019 $2.3 m
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 and Litigation Accruals We offer warranties on our homes that generally cover various defects in workmanship or materials, or structural construction defects for one two third While our subcontractors who perform our homebuilding work generally provide us with an indemnity for claims relating to their workmanship and materials, we also purchase general liability insurance that covers development and construction activity at each of our communities. Our subcontractors are usually covered by these programs through an owner-controlled insurance program, or "OCIP." Consultants such as engineers and architects are generally not not
Receivable [Policy Text Block]	Contracts and Accounts Receivable Contracts and accounts receivable primarily represent the fees earned, but not not not March 31, 2020 December 31, 2019
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 March 31, 2020 December 31, 2019 ASC 740 not, not March 31, 2020 The Company classifies any interest and penalties related to income taxes assessed as part of income tax expense. As of March 31, 2020 not
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" 718 718 2018, 718 one 2019 first 718.
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 three March 31, 2020 2019 rice of $2.2 million Subsequent to March 31, 2020, 10b5 1 May 7, 2020 May 7, 2020.
Dividends, Policy [Policy Text Block]	Dividends No dividends were paid on our common stock during the three March 31, 2020 2019 not not
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards The Company's status as an "emerging growth company" pursuant to the provisions of the Jumpstart Our Business Startups Act of 2012 December 31, 2019. 102 7 2 1933, 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, 2019 11, Codification Improvements to Topic 326, November 2019, 2020 02, Financial Instruments - Credit Losses (Topic 326 842 February 2020 January 1, 2020, November 2019, 2019 10, Financial Instruments - Credit Losses (Topic 326 815 842 December 15, 2022, not 2016 13 January 1, 2020, not . In August 2018, 2018 13, Fair Value Measurement (Topic 820 2018 13" 2018 13 2018 13 2020 first no In December 2019, 2019 12, Income Taxes (Topic 740 Simplifying the Accounting for Income Taxes 2019 12" December 15, 2020, 2019 12. In January 2020, 2020 01, Investments - Equity Securities (Topic 321 323 815 2020 01" 2020 01 321 323 815. December 31, 2020, no

Note 1 - Organization and Sum_2

Note 1 - Organization and Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Cash and Cash Equivalents [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Cash and cash equivalents $ 87,863 $ 41,874 Restricted cash 424 116 Total cash, cash equivalents, and restricted cash shown in the statements of cash flows $ 88,287 $ 41,990

Note 2 - Computation of Loss _2

Note 2 - Computation of Loss Per Share (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands, except per share amounts) Numerator: Net loss attributable to The New Home Company Inc. $ (8,476 ) $ (1,987 ) Denominator: Basic weighted-average shares outstanding 19,951,825 19,986,394 Effect of dilutive shares: Stock options and unvested restricted stock units — — Diluted weighted-average shares outstanding 19,951,825 19,986,394 Basic loss per share attributable to The New Home Company Inc. $ (0.42 ) $ (0.10 ) Diluted loss per share attributable to The New Home Company Inc. $ (0.42 ) $ (0.10 ) Antidilutive stock options and unvested restricted stock units not included in diluted loss per share 1,785,826 1,451,485

Note 3 - Contracts and Accoun_2

Note 3 - Contracts and Accounts Receivable (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) Contracts receivable: Costs incurred on fee building projects $ 35,497 $ 93,281 Estimated earnings 730 2,052 36,227 95,333 Less: amounts collected during the period (24,620 ) (84,979 ) Contracts receivable $ 11,607 $ 10,354 Contracts receivable: Billed $ — $ — Unbilled 11,607 10,354 11,607 10,354 Accounts receivable: Escrow receivables 3,679 5,392 Other receivables 351 236 Contracts and accounts receivable $ 15,637 $ 15,982

Note 4 - Real Estate Inventor_2

Note 4 - Real Estate Inventories (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Inventory, Noncurrent [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) Deposits and pre-acquisition costs $ 16,880 $ 17,865 Land held and land under development 168,672 180,823 Homes completed or under construction 154,430 183,711 Model homes 58,991 51,539 $ 398,973 $ 433,938

Note 5 - Capitalized Interest (

Note 5 - Capitalized Interest (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Interest Income and Interest Expense Disclosure [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Interest incurred $ 6,380 $ 7,761 Interest capitalized to inventory (5,662 ) (7,761 ) Interest expensed $ 718 $ — Capitalized interest in beginning inventory $ 26,397 $ 25,681 Interest capitalized as a cost of inventory 5,662 7,761 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition — 10 Previously capitalized interest included in cost of home and land sales (6,146 ) (4,852 ) Previously capitalized interest included in project abandonments costs (761 ) — Capitalized interest in ending inventory $ 25,152 $ 28,600 Capitalized interest in beginning investment in unconsolidated joint ventures $ 541 $ 713 Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition — (10 ) Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures (448 ) (31 ) Capitalized interest in ending investment in unconsolidated joint ventures 93 672 Total capitalized interest in ending inventory and investments in unconsolidated joint ventures $ 25,245 $ 29,272 Capitalized interest as a percentage of inventory 6.3 % 5.1 % Interest included in cost of home sales as a percentage of home sales revenue 6.5 % 4.9 % Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures 0.3 % 2.0 %

Note 6 - Investments in and A_2

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Equity Method Investments [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) Cash and cash equivalents $ 30,514 $ 31,484 Restricted cash 13,237 13,852 Real estate inventories 234,460 241,416 Other assets 4,108 3,843 Total assets $ 282,319 $ 290,595 Accounts payable and accrued liabilities $ 16,570 $ 16,778 Notes payable 21,910 28,665 Total liabilities 38,480 45,443 The New Home Company's equity (1) 28,403 27,722 Other partners' equity 215,436 217,430 Total equity 243,839 245,152 Total liabilities and equity $ 282,319 $ 290,595 Debt-to-capitalization ratio 8.2 % 10.5 % Debt-to-equity ratio 9.0 % 11.7 % Three Months Ended March 31, 2020 2019 (Dollars in thousands) Revenues $ 31,647 $ 42,287 Cost of sales and expenses 30,285 41,774 Net income of unconsolidated joint ventures $ 1,362 $ 513 Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (1,937 ) $ 184 Three Months Ended March 31, 2020 2019 (Dollars in thousands) Revenues $ 4,624 $ 3,698 Cost of land sales 3,065 3,375 Gross margin $ 1,559 $ 323 Expenses 674 636 Net income (loss) $ 885 $ (313 ) Equity in net loss of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations $ (2,226 ) $ (30 )

Note 7 - Other Assets (Tables)

Note 7 - Other Assets (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Other Assets [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) Capitalized selling and marketing costs, net (1) $ 6,662 $ 7,148 Prepaid income taxes (2) 11,676 1,032 Insurance receivable (3) 6,500 10,900 Warranty insurance receivable (4) 1,878 1,852 Prepaid expenses 2,388 2,729 Right-of-use lease assets 1,695 1,988 Other 306 231 $ 31,105 $ 25,880

Note 8 - Accrued Expenses and_2

Note 8 - Accrued Expenses and Other Liabilities (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Accrued Expenses and Other Liabilities [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) Warranty accrual (1) $ 6,864 $ 7,223 Litigation reserves (2) 6,500 10,900 Accrued interest 11,537 5,796 Accrued compensation and benefits 3,373 5,350 Completion reserve 1,367 3,167 Customer deposits 3,191 3,574 Lease liabilities 1,893 2,243 Other accrued expenses 1,358 2,301 $ 36,083 $ 40,554
Schedule of Product Warranty Liability [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Beginning warranty accrual for homebuilding projects $ 7,195 $ 6,681 Warranty provision for homebuilding projects 421 427 Warranty payments for homebuilding projects (780 ) (341 ) Ending warranty accrual for homebuilding projects 6,836 6,767 Beginning warranty accrual for fee building projects 28 217 Warranty provision for fee building projects — 9 Warranty efforts for fee building projects — (48 ) Ending warranty accrual for fee building projects 28 178 Total ending warranty accrual $ 6,864 $ 6,945

Note 9 - Senior Notes and Uns_2

Note 9 - Senior Notes and Unsecured Revolving Credit Facility (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Debt [Table Text Block]	March 31, December 31, 2020 2019 (Dollars in thousands) 7.25% $ 300,479 $ 304,832 Unsecured revolving credit facility — — Total Indebtedness $ 300,479 $ 304,832

Note 10 - Fair Value Disclosu_2

Note 10 - Fair Value Disclosures (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Carrying Values and Estimated Fair Values of Debt Instruments [Table Text Block]	March 31, 2020 December 31, 2019 Carrying Amount Fair Value Carrying Amount Fair Value (Dollars in thousands) 7.25% Senior Notes due 2022, net (1) $ 300,479 $ 266,873 $ 304,832 $ 298,775 Unsecured revolving credit facility $ — $ — $ — $ —

Note 11 - Commitments and Con_2

Note 11 - Commitments and Contingencies (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Lease, Cost [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Lease cost: Lease costs included in general and administrative expenses $ 311 $ 355 Lease costs included in real estate inventories 97 162 Lease costs included in selling and marketing expenses 39 17 Net lease cost (1) $ 447 $ 534 Other Information: Lease cash flows (included in operating cash flows) (1) $ 498 $ 490
Lessee, Operating Lease, Liability, Maturity [Table Text Block]	Remaining for 2020 $ 1,284 2021 629 2022 34 2023 18 2024 2 Thereafter — Total lease payments (1) $ 1,967 Less: Interest (2) 74 Present value of lease liabilities (3) $ 1,893

Note 13 - Stock-based Compens_2

Note 13 - Stock-based Compensation (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Share-based Payment Arrangement, Option, Activity [Table Text Block]	Three Months Ended March 31, 2020 2019 Number of Shares Weighted-Average Exercise Price per Share Number of Shares Weighted-Average Exercise Price per Share Outstanding Stock Option Activity Outstanding, beginning of period 1,068,017 $ 9.78 821,470 $ 11.00 Granted 161,479 $ 5.36 249,283 $ 5.76 Exercised — $ — — $ — Forfeited — $ — — $ — Outstanding, end of period 1,229,496 $ 9.20 1,070,753 $ 9.78 Exercisable, end of period 901,829 $ 10.52 821,470 $ 11.00
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity [Table Text Block]	Three Months Ended March 31, 2020 2019 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 592,116 $ 6.36 469,227 $ 10.75 Granted 241,556 $ 5.36 135,473 $ 5.76 Vested (152,177 ) $ 9.45 (229,545 ) $ 10.60 Forfeited (428 ) $ 11.68 (46,571 ) $ 10.89 Outstanding, end of period 681,067 $ 5.32 328,584 $ 8.78
Share-based Payment Arrangement, Performance Shares, Outstanding Activity [Table Text Block]	Three Months Ended March 31, 2020 2019 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) — $ — — $ — Vested — $ — — $ — Forfeited — $ — (26,882 ) $ 11.68 Outstanding, end of period (at target) — $ — 98,540 $ 11.68
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Expense related to: Stock options $ 64 $ 22 Restricted stock units and performance share units 525 544 $ 589 $ 566
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]	Three Months Ended March 31, 2020 2019 Expected term (in years) 6.0 6.0 Expected volatility 41.8 % 39.9 % Risk-free interest rate 1.4 % 2.5 % Expected dividends — — Weighted-average grant date fair value per share $ 2.24 $ 2.43

Note 15 - Segment Information (

Note 15 - Segment Information (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Homebuilding revenues: California home sales $ 83,280 $ 83,332 California land sales 147 — Arizona home sales 12,379 15,854 Total homebuilding revenues 95,806 99,186 Fee building revenues, including management fees 36,227 19,662 Total revenues $ 132,033 $ 118,848 Homebuilding pretax loss: California $ (4,451 ) $ (2,567 ) Arizona (14,692 ) (478 ) Total homebuilding loss (19,143 ) (3,045 ) Fee building pretax income, including management fees 730 394 Total loss $ (18,413 ) $ (2,651 ) March 31, December 31, 2020 2019 (Dollars in thousands) Homebuilding assets: California $ 398,714 $ 416,179 Arizona 61,519 82,234 Total homebuilding assets 460,233 498,413 Fee building assets 12,636 11,193 Corporate unallocated assets 107,067 93,583 Total assets $ 579,936 $ 603,189

Note 16 - Supplemental Disclo_2

Note 16 - Supplemental Disclosure of Cash Flow Information (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Schedule of Cash Flow, Supplemental Disclosures [Table Text Block]	Three Months Ended March 31, 2020 2019 (Dollars in thousands) Supplemental disclosures of cash flow information Interest paid, net of amounts capitalized $ — $ — Income taxes paid $ — $ —

Note 17 - Supplemental Guaran_2

Note 17 - Supplemental Guarantor Information (Tables)	3 Months Ended
	Mar. 31, 2020
Notes Tables
Condensed Balance Sheet [Table Text Block]	March 31, 2020 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 69,603 $ 18,085 $ 175 $ — $ 87,863 Restricted cash — 424 — — 424 Contracts and accounts receivable 11 16,514 — (888 ) 15,637 Intercompany receivables 262,949 — — (262,949 ) — Due from affiliates — 108 — — 108 Real estate inventories — 398,973 — — 398,973 Investment in and advances to unconsolidated joint ventures — 29,237 — — 29,237 Investment in subsidiaries 171,369 — — (171,369 ) — Deferred tax asset, net 16,060 529 — — 16,589 Other assets 20,324 10,754 27 — 31,105 Total assets $ 540,316 $ 474,624 $ 202 $ (435,206 ) $ 579,936 Liabilities and equity Accounts payable $ 47 $ 20,991 $ — $ — $ 21,038 Accrued expenses and other liabilities 17,566 19,368 26 (877 ) 36,083 Intercompany payables — 262,949 — (262,949 ) — Due to affiliates — 11 — (11 ) — Senior notes, net 300,479 — — — 300,479 Total liabilities 318,092 303,319 26 (263,837 ) 357,600 Total stockholders' equity 222,224 171,305 64 (171,369 ) 222,224 Non-controlling interest in subsidiary — — 112 — 112 Total equity 222,224 171,305 176 (171,369 ) 222,336 Total liabilities and equity $ 540,316 $ 474,624 $ 202 $ (435,206 ) $ 579,936 December 31, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Assets Cash and cash equivalents $ 66,166 $ 12,978 $ 170 $ — $ 79,314 Restricted cash — 117 — — 117 Contracts and accounts receivable 3 16,403 — (424 ) 15,982 Intercompany receivables 258,372 — — (258,372 ) — Due from affiliates — 238 — — 238 Real estate inventories — 433,938 — — 433,938 Investment in and advances to unconsolidated joint ventures — 30,217 — — 30,217 Investment in subsidiaries 198,448 — — (198,448 ) — Deferred tax asset, net 17,003 500 — — 17,503 Other assets 9,505 16,340 35 — 25,880 Total assets $ 549,497 $ 510,731 $ 205 $ (457,244 ) $ 603,189 Liabilities and equity Accounts payable $ 68 $ 24,973 $ 3 $ — $ 25,044 Accrued expenses and other liabilities 11,950 28,999 26 (421 ) 40,554 Intercompany payables — 258,372 — (258,372 ) — Due to affiliates — 3 — (3 ) — Senior notes, net 304,832 — — — 304,832 Total liabilities 316,850 312,347 29 (258,796 ) 370,430 Total stockholders' equity 232,647 198,384 64 (198,448 ) 232,647 Non-controlling interest in subsidiary — — 112 — 112 Total equity 232,647 198,384 176 (198,448 ) 232,759 Total liabilities and equity $ 549,497 $ 510,731 $ 205 $ (457,244 ) $ 603,189
Condensed Income Statement [Table Text Block]	Three Months Ended March 31, 2020 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 95,659 $ — $ — $ 95,659 Land sales — 147 — — 147 Fee building — 36,227 — — 36,227 — 132,033 — — 132,033 Cost of Sales: Home sales — 84,722 — — 84,722 Land sales — 147 — — 147 Fee building — 35,497 — — 35,497 — 120,366 — — 120,366 Gross Margin: Home sales — 10,937 — — 10,937 Land sales — — — — — Fee building — 730 — — 730 — 11,667 — — 11,667 Selling and marketing expenses — (7,466 ) — — (7,466 ) General and administrative expenses 221 (6,244 ) — — (6,023 ) Equity in net loss of unconsolidated joint ventures — (1,937 ) — — (1,937 ) Equity in net loss of subsidiaries (10,530 ) — — 10,530 — Interest expense — (718 ) — — (718 ) Project abandonment costs — (14,036 ) — — (14,036 ) Loss on early extinguishment of debt (123 ) — — — (123 ) Other income (expense), net 193 30 — — 223 Pretax loss (10,239 ) (18,704 ) — 10,530 (18,413 ) Benefit for income taxes 1,763 8,174 — — 9,937 Net loss (8,476 ) (10,530 ) — 10,530 (8,476 ) Net loss attributable to non-controlling interest in subsidiary — — — — — Net loss attributable to The New Home Company Inc. $ (8,476 ) $ (10,530 ) $ — $ 10,530 $ (8,476 ) Three Months Ended March 31, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Revenues: Home sales $ — $ 99,186 $ — $ — $ 99,186 Fee building — 19,662 — — 19,662 — 118,848 — — 118,848 Cost of Sales: Home sales — 86,569 — — 86,569 Fee building — 19,268 — — 19,268 — 105,837 — — 105,837 Gross Margin: Home sales — 12,617 — — 12,617 Fee building — 394 — — 394 — 13,011 — — 13,011 Selling and marketing expenses — (8,679 ) — — (8,679 ) General and administrative expenses (566 ) (6,825 ) — — (7,391 ) Equity in net income of unconsolidated joint ventures — 184 — — 184 Equity in net loss of subsidiaries (1,712 ) — — 1,712 — Gain on early extinguishment of debt 417 — — — 417 Project abandonment costs — (5 ) — — (5 ) Other income (expense), net (62 ) (126 ) — — (188 ) Pretax loss (1,923 ) (2,440 ) — 1,712 (2,651 ) (Provision) benefit for income taxes (64 ) 728 — — 664 Net loss (1,987 ) (1,712 ) — 1,712 (1,987 ) Net loss attributable to non-controlling interest in subsidiary — — — — — Net loss attributable to The New Home Company Inc. $ (1,987 ) $ (1,712 ) $ — $ 1,712 $ (1,987 )
Condensed Cash Flow Statement [Table Text Block]	Three Months Ended March 31, 2020 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash (used in) provided by operating activities $ (5,549 ) $ 22,978 $ 5 $ (133 ) $ 17,301 Investing activities: Purchases of property and equipment (68 ) (57 ) — — (125 ) Contributions and advances to unconsolidated joint ventures — (2,057 ) — — (2,057 ) Contributions to subsidiaries from corporate (21,800 ) — — 21,800 — Distributions of capital from subsidiaries to corporate 38,217 — — (38,217 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 1,100 — — 1,100 Net cash provided by (used in) investing activities $ 16,349 $ (1,014 ) $ — $ (16,417 ) $ (1,082 ) Financing activities: Repurchase of senior notes (4,827 ) — — — (4,827 ) Contributions to subsidiaries from corporate — 21,800 — (21,800 ) — Distributions to corporate from subsidiaries — (38,350 ) — 38,350 — Repurchases of common stock (2,233 ) — — — (2,233 ) Tax withholding paid on behalf of employees for stock awards (303 ) — — — (303 ) Net cash used in financing activities $ (7,363 ) $ (16,550 ) $ — $ 16,550 $ (7,363 ) Net increase in cash, cash equivalents and restricted cash 3,437 5,414 5 — 8,856 Cash, cash equivalents and restricted cash – beginning of period 66,166 13,095 170 — 79,431 Cash, cash equivalents and restricted cash – end of period $ 69,603 $ 18,509 $ 175 $ — $ 88,287 Three Months Ended March 31, 2019 NWHM Guarantor Subsidiaries Non-Guarantor Subsidiaries Consolidating Adjustments Consolidated NWHM (Dollars in thousands) Net cash (used in) provided by operating activities $ (14,259 ) $ 2,035 $ (8 ) $ — $ (12,232 ) Investing activities: Purchases of property and equipment — (5 ) — — (5 ) Contributions and advances to unconsolidated joint ventures — (1,335 ) — — (1,335 ) Contributions to subsidiaries from corporate (46,000 ) — — 46,000 — Distributions of capital from subsidiaries to corporate 39,000 — — (39,000 ) — Distributions of capital and repayment of advances from unconsolidated joint ventures — 2,562 — — 2,562 Net cash (used in) provided by investing activities $ (7,000 ) $ 1,222 $ — $ 7,000 $ 1,222 Financing activities: Borrowings from credit facility 30,000 — — — 30,000 Repayments of credit facility (13,500 ) — — — (13,500 ) Repurchase of senior notes (4,512 ) — — — (4,512 ) Contributions to subsidiaries from corporate — 46,000 — (46,000 ) — Distributions to corporate from subsidiaries — (39,000 ) — 39,000 — Repurchases of common stock (1,042 ) — — — (1,042 ) Tax withholding paid on behalf of employees for stock awards (488 ) — — — (488 ) Net cash provided by financing activities $ 10,458 $ 7,000 $ — $ (7,000 ) $ 10,458 Net (decrease) increase in cash, cash equivalents and restricted cash (10,801 ) 10,257 (8 ) — (552 ) 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 $ 18,076 $ 23,775 $ 139 $ — $ 41,990

Note 1 - Organization and Sum_3

Note 1 - Organization and Summary of Significant Accounting Policies (Details Textual)	May 08, 2020$ / sharesshares	May 07, 2020USD ($)shares	Mar. 31, 2020USD ($)$ / sharesshares	Mar. 31, 2019USD ($)shares	May 07, 2020USD ($)$ / sharesshares	Dec. 31, 2019USD ($)$ / shares	Jun. 28, 2019USD ($)
Entity Public Float							$ 58,900,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares			$ 0.01			$ 0.01
Restricted Cash, Total			$ 424,000	$ 116,000		$ 117,000
Impairment of Real Estate			0	0
Abandoned Project Costs			14,036,000	$ 5,000
Nonrefundable Cash Deposits			13,600,000
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance			$ 112,000			112,000
Capitalized Contract Cost, Amortization Period (Month)			30 months
Period of General Warranty (Year)			1 year
Accounts Receivable, Allowance for Credit Loss, Ending Balance			$ 0			$ 0
Capitalized Selling and Marketing Cost, Amortization Period (Month)			30 months
Deferred Tax Assets, Valuation Allowance, Total			$ 0
Unrecognized Tax Benefits, Ending Balance			0
Income Tax Examination, Penalties and Interest Accrued, Total			$ 0
Stock Repurchased and Retired During Period, Shares (in shares) | shares			1,233,883	153,916	2,011,183
Stock Repurchased and Retired During Period, Value			$ 2,233,000	$ 1,042,000	$ 3,600,000
Stock Repurchased and Retired During Period, Weighted Average Purchase Price (in dollars per share) | $ / shares					$ 1.78
Stock Repurchased and Retired, Percent of Intial Outstanding Stock					10.00%
Dividends, Common Stock, Total			0	0
Unconsolidated Joint Ventures [Member]
Equity Method Investment, Other than Temporary Impairment			$ 2,300,000	0
Maximum [Member]
Property, Plant and Equipment, Useful Life (Year)			5 years
Maximum [Member] | Unconsolidated Joint Ventures [Member]
Equity Method Investment, Ownership Percentage			35.00%			35.00%
Minimum [Member]
Limited Warranty Period (Year)			2 years
Property, Plant and Equipment, Useful Life (Year)			3 years
Minimum [Member] | Unconsolidated Joint Ventures [Member]
Equity Method Investment, Ownership Percentage			5.00%			5.00%
Noncontrolling Interest [Member]
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance			$ 100,000			$ 100,000
Stock Repurchased and Retired During Period, Value			$ 0	$ 0
Customer Concentration Risk [Member] | Fee Building Revenue [Member]
Number of Major Customers			4	1
Concentration Risk, Percentage			98.00%	91.00%
Customer Concentration Risk [Member] | Accounts Receivable [Member]
Number of Major Customers			4			1
Customer Concentration Risk [Member] | Accounts Receivable [Member] | One Customer [Member]
Concentration Risk, Percentage			73.00%			65.00%
Subsequent Event [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.01
Stock Repurchased and Retired During Period, Shares (in shares) | shares		777,300
Stock Repurchased and Retired During Period, Value		$ 1,400,000
Stock Repurchase Program, Remaining Authorized Repurchase Amount		$ 1,800,000			$ 1,800,000
Subsequent Event [Member] | Preferred Stock Purchase Right [Member]
Dividend, Stock Awarded Per Share (in shares) | shares	1
Preferred Stock, Convertible, Conversion Price (in dollars per share) | $ / shares	$ 11.50
Preferred Stock, Minimum Threshold Percent of Common Stock Ownership Required for Exercise	4.95%
Convertible Preferred Stock, Shares Issued upon Conversion (in shares) | shares	1

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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Cash and cash equivalents	$ 87,863	$ 79,314	$ 41,874
Restricted cash	424	117	116
Total cash, cash equivalents, and restricted cash shown in the statements of cash flows	$ 88,287	$ 79,431	$ 41,990	$ 42,542

Note 2 - Computation of Loss _3

Note 2 - Computation of Loss Per Share - Basic and Diluted Earnings Per Share (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net loss attributable to The New Home Company Inc.	$ (8,476)	$ (1,987)
Basic weighted-average shares outstanding (in shares)	19,951,825	19,986,394
Stock options and unvested restricted stock units (in shares)	0	0
Diluted weighted-average shares outstanding (in shares)	19,951,825	19,986,394
Basic loss per share attributable to The New Home Company Inc. (in dollars per share)	$ (0.42)	$ (0.10)
Diluted (in dollars per share)	$ (0.42)	$ (0.10)
Antidilutive stock options and unvested restricted stock units not included in diluted loss per share (in shares)	1,785,826	1,451,485

Note 3 - Contracts and Accoun_3

Note 3 - Contracts and Accounts Receivable (Details Textual) - USD ($) $ in Millions	Mar. 31, 2020	Dec. 31, 2019
Construction Payable	$ 10.6	$ 9.6

Note 3 - Contracts and Accoun_4

Note 3 - Contracts and Accounts Receivable - Contracts and Accounts Receivable (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Costs incurred on fee building projects	$ 35,497	$ 93,281
Estimated earnings	730	2,052
Contracts receivable, before collections	36,227	95,333
Less: amounts collected during the period	(24,620)	(84,979)
Contracts receivable	11,607	10,354
Billed	0	0
Unbilled	11,607	10,354
Total contracts receivable	11,607	10,354
Escrow receivables	3,679	5,392
Other receivables	351	236
Contracts and accounts receivable	$ 15,637	$ 15,982

Note 4 - Real Estate Inventor_3

Note 4 - Real Estate Inventories (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Inventory, Real Estate, Refundable	$ 100		$ 100
Impairment of Real Estate	0	$ 0
Exploration Abandonment and Impairment Expense	$ 14,036	$ 5

Note 4 - Real Estate Inventor_4

Note 4 - Real Estate Inventories - Real Estate Inventories (Details) - USD ($) $ in Thousands	Mar. 31, 2020	Dec. 31, 2019
Deposits and pre-acquisition costs	$ 16,880	$ 17,865
Land held and land under development	168,672	180,823
Homes completed or under construction	154,430	183,711
Model homes	58,991	51,539
Real estate inventories	$ 398,973	$ 433,938

Note 5 - Capitalized Interest_2

Note 5 - Capitalized Interest (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Previously Capitalized Interest Included in Project Abandonments Costs	$ 761	$ 0
Other than Temporary Impairment Losses, Investments, Total	$ 400

Note 5 - Capitalized Interest -

Note 5 - Capitalized Interest - Summary of Interest Incurred, Capitalized, and Expensed (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest incurred	$ 6,380	$ 7,761
Interest capitalized to inventory	(5,662)	(7,761)
Interest expensed	718	0
Capitalized interest in beginning inventory	26,397	25,681
Interest capitalized as a cost of inventory	5,662	7,761
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition	0	10
Previously capitalized interest included in cost of home and land sales	(6,146)	(4,852)
Previously capitalized interest included in project abandonments costs	(761)	0
Capitalized interest in ending inventory	25,152	28,600
Capitalized interest in beginning investment in unconsolidated joint ventures	541	713
Capitalized interest transferred from investment in unconsolidated joint ventures to inventory upon lot acquisition	0	(10)
Previously capitalized interest included in equity in net income (loss) of unconsolidated joint ventures	(448)	(31)
Capitalized interest in ending investment in unconsolidated joint ventures	93	672
Total capitalized interest in ending inventory and investments in unconsolidated joint ventures	$ 25,245	$ 29,272
Capitalized interest as a percentage of inventory	6.30%	5.10%
Interest included in cost of home sales as a percentage of home sales revenue	6.50%	4.90%
Capitalized interest as a percentage of investment in and advances to unconsolidated joint ventures	0.30%	2.00%

Note 6 - Investments in and A_3

Note 6 - Investments in and Advances to Unconsolidated Joint Ventures (Details Textual) $ in Thousands	3 Months Ended
	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Mar. 31, 2019USD ($)	Dec. 31, 2019
Equity Method Investment, Ownership Interests in Unconsolidated Joint Ventures		10		10
Equity Method Investment, Interest Capitalized		$ 800
Income (Loss) from Equity Method Investments, Total		(1,937)	$ 184
Revenue from Contract with Customer, Including Assessed Tax		132,033	118,848
Management Service [Member]
Revenue from Contract with Customer, Including Assessed Tax		400	500
Unconsolidated Joint Ventures [Member]
Equity Method Investment, Other than Temporary Impairment		2,300	$ 0
Income (Loss) from Equity Method Investments, Total		$ (2,200)
Unconsolidated Joint Ventures [Member] | Forecast [Member]
Proceeds from Sale of Equity Method Investments	$ 5,100
Minimum [Member] | Unconsolidated Joint Ventures [Member]
Equity Method Investment, Ownership Percentage		5.00%		5.00%
Maximum [Member] | Unconsolidated Joint Ventures [Member]
Equity Method Investment, Ownership Percentage		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
		Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Cash and cash equivalents		$ 87,863	$ 41,874	$ 79,314
Restricted Cash, Total		424	116	117
Real estate inventories		398,973		433,938
Other assets		31,105		25,880
Total assets		579,936		603,189
Total liabilities		357,600		370,430
The New Home Company's equity(1)		222,224		232,647
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance		112		112
Total equity		222,336	237,079	232,759	$ 240,030
Total liabilities and equity		579,936		603,189
Revenue from Contract with Customer, Including Assessed Tax		132,033	118,848
Cost of Goods and Services Sold, Total		120,366	105,837
Net income of unconsolidated joint ventures		(8,476)	(1,987)
Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations		(1,937)	184
Gross margin		11,667	13,011
Net income (loss)		0	0
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member]
Cash and cash equivalents		30,514		31,484
Restricted Cash, Total		13,237		13,852
Real estate inventories		234,460		241,416
Other assets		4,108		3,843
Total assets		282,319		290,595
Accounts payable and accrued liabilities		16,570		16,778
Notes payable		21,910		28,665
Total liabilities		38,480		45,443
The New Home Company's equity(1)	[1]	28,403		27,722
Stockholders' Equity Attributable to Noncontrolling Interest, Ending Balance		215,436		217,430
Total equity		243,839		245,152
Total liabilities and equity		$ 282,319		$ 290,595
Debt-to-capitalization ratio		8.20%		10.50%
Debt-to-equity ratio		9.00%		11.70%
Revenue from Contract with Customer, Including Assessed Tax		$ 31,647	42,287
Cost of Goods and Services Sold, Total		30,285	41,774
Net income of unconsolidated joint ventures		1,362	513
Unconsolidated Joint Venture with More than 20 Percent Loss Allocation [Member]
Revenue from Contract with Customer, Including Assessed Tax		4,624	3,698
Cost of Goods and Services Sold, Total		3,065	3,375
Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations		(2,226)	(30)
Gross margin		1,559	323
Expenses		674	636
Net income (loss)		$ 885	$ (313)
[1]	Balance represents the Company's interest, as reflected in the financial records of the respective joint ventures. This balance differs from the investment in and advances to unconsolidated joint ventures balance reflected in the Company's consolidated balance sheets by $0.8 million due an other-than-temporary impairment charge to the Company's investment, interest capitalized to the Company's investment in joint ventures and certain other differences in outside basis.

Note 7 - Other Assets (Details

Note 7 - Other Assets (Details Textual) - USD ($) $ in Millions		3 Months Ended		12 Months Ended
		Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Capitalized Sales and Marketing Costs, Amortized		$ 2.4		$ 2.6
Depreciation, Capitalized Selling and Marketing Costs		1.8	$ 2.6
Income Tax Refunds, From CARES Act		10.7
Insurance Settlements Receivable	[1]	6.5		10.9
Estimated Litigation Liability	[2]	6.5		$ 10.9
Proceeds from Insurance Settlement, Operating Activities		4.2
Decrease in Insurance Settlements Receivable Estimate		(0.2)
Standard Product Warranty Accrual, Increase for Warranties Issued		$ 0.1
[1]	At December 31, 2019, the Company recorded insurance receivables of $10.9 million in connection with $10.9 million of litigation reserves recorded. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its insurance receivable estimate by $0.2 million for a separate claim, resulting in an insurance receivable balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within litigation reserves. For more information, please refer to Note 8.
[2]	During 2019, we recorded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth quarter. Further, as a result of the development of the construction defect related claims within the litigation reserve and their impact to the Company's litigation reserve estimates for IBNR future construction defect claims, we recorded an additional $5.0 million of IBNR construction defect claim reserves resulting in aggregate litigation reserves totaling $10.9 million as of December 31, 2019. Because the self-insured retention deductibles had been met for each claim covered by the $5.9 million reserve, and the self-insured retention deductibles are expected to be met for the $5.0 million IBNR construction defect claim reserves, the Company recorded estimated insurance receivables of $10.9 million offsetting the litigation reserves as of December 31, 2019. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its litigation reserve estimate by $0.2 million for a separate claim, resulting in a litigation reserve balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within insurance receivables. Please refer to Note 7.

Note 7 - Other Assets - Summary

Note 7 - Other Assets - Summary of Other Assets (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Capitalized selling and marketing costs, net(1)	[1]	$ 6,662	$ 7,148
Prepaid income taxes(2)	[2]	11,676	1,032
Insurance receivable(3)	[3]	6,500	10,900
Warranty insurance receivable(4)	[4]	1,878	1,852
Prepaid expenses		2,388	2,729
Right-of-use lease assets		1,695	1,988
Other		306	231
Other assets		$ 31,105	$ 25,880
[1]	Capitalized selling and marketing costs includes costs incurred for tangible assets directly used in the sales process such as our sales offices, design studios and model furnishings, and also includes model landscaping costs, which were $2.4 million and $2.6 million as of March 31, 2020 and December 31, 2019, respectively. The Company depreciated $1.8 million and $2.6 million of capitalized selling and marketing costs to selling and marketing expenses during the three months ended March 31, 2020 and 2019, respectively.
[2]	The amount at March 31, 2020 includes approximately $10.7 million of expected federal income tax refunds due to the recent enactment of the CARES act which allows net operating losses generated from 2018 – 2020 to be carried back five years.
[3]	At December 31, 2019, the Company recorded insurance receivables of $10.9 million in connection with $10.9 million of litigation reserves recorded. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its insurance receivable estimate by $0.2 million for a separate claim, resulting in an insurance receivable balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within litigation reserves. For more information, please refer to Note 8.
[4]	During the three months ended March 31, 2020, the Company adjusted its warranty insurance receivable upward by $0.1 million to true-up the receivable to its estimate of qualifying reimbursable expenditures, which resulted in pretax income of the same amount.

Note 8 - Accrued Expenses and_3

Note 8 - Accrued Expenses and Other Liabilities (Details Textual) - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2020	Dec. 31, 2019
Standard Product Warranty Accrual, Ending Balance		$ 1.9	$ 1.9
Estimated Litigation Liability	[1]	6.5	10.9
Insurance Settlements Receivable	[2]	6.5	10.9
Proceeds from Insurance Settlement, Operating Activities		4.2
Increase (Decrease) in Litigation Reserve		$ (0.2)
Ordinary Course Litigation [Member]
Estimated Litigation Liability			5.9
IBNR Construction Defect Claims [Member]
Estimated Litigation Liability			$ 5
[1]	During 2019, we recorded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth quarter. Further, as a result of the development of the construction defect related claims within the litigation reserve and their impact to the Company's litigation reserve estimates for IBNR future construction defect claims, we recorded an additional $5.0 million of IBNR construction defect claim reserves resulting in aggregate litigation reserves totaling $10.9 million as of December 31, 2019. Because the self-insured retention deductibles had been met for each claim covered by the $5.9 million reserve, and the self-insured retention deductibles are expected to be met for the $5.0 million IBNR construction defect claim reserves, the Company recorded estimated insurance receivables of $10.9 million offsetting the litigation reserves as of December 31, 2019. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its litigation reserve estimate by $0.2 million for a separate claim, resulting in a litigation reserve balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within insurance receivables. Please refer to Note 7.
[2]	At December 31, 2019, the Company recorded insurance receivables of $10.9 million in connection with $10.9 million of litigation reserves recorded. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its insurance receivable estimate by $0.2 million for a separate claim, resulting in an insurance receivable balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within litigation reserves. For more information, please refer to Note 8.

Note 8 - Accrued Expenses and_4

Note 8 - Accrued Expenses and Other Liabilities - Schedule of Accrued Expenses and Other Liabilities (Details) - USD ($) $ in Thousands		Mar. 31, 2020		Dec. 31, 2019		Mar. 31, 2019
Warranty accrual (1)		$ 6,864	[1]	$ 7,223	[1]	$ 6,945
Litigation reserves (2)	[2]	6,500		10,900
Accrued interest		11,537		5,796
Accrued compensation and benefits		3,373		5,350
Completion reserve		1,367		3,167
Customer deposits		3,191		3,574
Operating Lease, Liability, Total		1,893	[3]	2,243
Other accrued expenses		1,358		2,301
Total accrued expenses and other liabilities		$ 36,083		$ 40,554
[1]	Included in the amount at March 31, 2020 and December 31, 2019 is approximately $1.9 million and $1.9 million, respectively, of warranty liabilities estimated to be recovered by our insurance policies.
[2]	During 2019, we recorded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth quarter. Further, as a result of the development of the construction defect related claims within the litigation reserve and their impact to the Company's litigation reserve estimates for IBNR future construction defect claims, we recorded an additional $5.0 million of IBNR construction defect claim reserves resulting in aggregate litigation reserves totaling $10.9 million as of December 31, 2019. Because the self-insured retention deductibles had been met for each claim covered by the $5.9 million reserve, and the self-insured retention deductibles are expected to be met for the $5.0 million IBNR construction defect claim reserves, the Company recorded estimated insurance receivables of $10.9 million offsetting the litigation reserves as of December 31, 2019. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its litigation reserve estimate by $0.2 million for a separate claim, resulting in a litigation reserve balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within insurance receivables. Please refer to Note 7.
[3]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.8 years and 3.7%, respectively at March 31, 2020.

Note 8 - Accrued Expenses and_5

Note 8 - Accrued Expenses and Other Liabilities - Changes in Warranty Accrual (Details) - USD ($) $ in Thousands		3 Months Ended
		Mar. 31, 2020		Mar. 31, 2019
Beginning warranty accrual	[1]	$ 7,223
Ending warranty accrual		6,864	[1]	$ 6,945
Home Building Segment [Member]
Beginning warranty accrual		7,195		6,681
Warranty provision		421		427
Warranty payments		(780)		(341)
Ending warranty accrual		6,836		6,767
Fee Building Segment [Member]
Beginning warranty accrual		28		217
Warranty provision		0		9
Warranty payments		0		(48)
Ending warranty accrual		$ 28		$ 178
[1]	Included in the amount at March 31, 2020 and December 31, 2019 is approximately $1.9 million and $1.9 million, respectively, of warranty liabilities estimated to be recovered by our insurance policies.

Note 9 - Senior Notes and Uns_3

Note 9 - Senior Notes and Unsecured Revolving Credit Facility (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019	Aug. 07, 2019	Aug. 06, 2019	May 04, 2017	Mar. 17, 2017
Early Repayment of Senior Debt	$ 4,827,000	$ 4,512,000
Gain (Loss) on Extinguishment of Debt, Total	(123,000)	417,000
Revolving Credit Facility [Member]
Long-term Line of Credit, Total	$ 0		$ 0
Line of Credit Facility, Interest Rate at Period End	3.99%
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%
Revolving Credit Facility [Member] | Other Assets [Member]
Debt Issuance Costs, Net, Total	$ 400,000
Letter of Credit [Member]
Line of Credit Facility, Maximum Borrowing Capacity	17,500,000
Letters of Credit Outstanding, Amount	$ 0		$ 0
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%
Percent of Debt Instrument Face Amount, Value Issued							98.961%
Debt Instrument, Interest Rate, Effective Percentage							7.50%
Debt Instrument, Unamortized Discount, Total	$ 1,000,000		$ 1,100,000
Debt Instrument, Unamortized Premium, Total	800,000		900,000
Debt Issuance Costs, Net, Total	$ 2,600,000		$ 3,000,000
Percent of Consolidated Net Income, General Basket Limitation for Restricted Payments to be Made	50.00%
Percent of Net Cash Proceeds From Qualified Equity Offerings, General Basket Limitation for Restricted Payments to be Made	100.00%
Percent of Consolidated Tangible Net Assets, General Basket Limitation for Restricted Payments to be Made	15.00%
General Basket, Value	$ 15,000,000
Debt Instrument, Repurchased Face Amount	$ 4,800,000	$ 5,000,000
Debt Instrument, Percent of Face Value Repurchased	101.63%	90.25%
Early Repayment of Senior Debt	$ 4,800,000	$ 4,500,000
Gain (Loss) on Extinguishment of Debt, Total	100,000	400,000
Write off of Deferred Debt Issuance Cost	46,000	$ 70,000
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%
Debt Instrument, Unamortized Discount, Total	1,000,000
Debt Instrument, Unamortized Premium, Total	800,000
Debt Issuance Costs, Net, Total	2,600,000
Existing or Future Bank Credit Facilities [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 260,000,000

Note 9 - Senior Notes and Uns_4

Note 9 - Senior Notes and Unsecured Revolving Credit Facility - Indebtedness (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
7.25% Senior Notes due 2022, net		$ 300,479	$ 304,832
Total Indebtedness		300,479	304,832
Revolving Credit Facility [Member]
Long-term Line of Credit, Total		0	0
Senior Notes Due 2022 [Member] | Senior Notes [Member]
7.25% Senior Notes due 2022, net	[1]	$ 300,479	$ 304,832
[1]	The carrying value for the Senior Notes, as presented at March 31, 2020, is net of the unamortized discount of $1.0 million, unamortized premium of $0.8 million, and unamortized debt issuance costs of $2.6 million. The carrying value for the Senior Notes, as presented at December 31, 2019, is net of the unamortized discount of $1.1 million, unamortized premium of $0.9 million, and unamortized debt issuance costs of $3.0 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)	Mar. 31, 2020	Dec. 31, 2019	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
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Unconsolidated Joint Ventures [Member]
Equity Method Investment, Other than Temporary Impairment	$ 2,300	$ 0
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Debt Instrument, Unamortized Discount, Total	1,000		$ 1,100
Debt Instrument, Unamortized Premium, Total	800		900
Debt Issuance Costs, Net, Total	$ 2,600		$ 3,000

Note 10 - Fair Value Disclosu_4

Note 10 - Fair Value Disclosures - Fair Value of Financial Instruments (Details) - USD ($) $ in Thousands		Mar. 31, 2020	Dec. 31, 2019
Senior notes, net		$ 300,479	$ 304,832
Revolving Credit Facility [Member]
Unsecured revolving credit facility, carrying amount		0	0
Unsecured revolving credit facility, fair value		0	0
Senior Notes [Member] | Senior Notes Due 2022 [Member]
Senior notes, net	[1]	300,479	304,832
Senior Notes, fair value	[1]	$ 266,873	$ 298,775
[1]	The carrying value for the Senior Notes, as presented at March 31, 2020, is net of the unamortized discount of $1.0 million, unamortized premium of $0.8 million, and unamortized debt issuance costs of $2.6 million. The carrying value for the Senior Notes, as presented at December 31, 2019, is net of the unamortized discount of $1.1 million, unamortized premium of $0.9 million, and unamortized debt issuance costs of $3.0 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 ($)		3 Months Ended
		Mar. 31, 2020		Mar. 31, 2019	Dec. 31, 2019
Estimated Litigation Liability	[1]	$ 6,500,000			$ 10,900,000
Insurance Settlements Receivable	[2]	6,500,000			10,900,000
Proceeds from Insurance Settlement, Operating Activities		4,200,000
Increase (Decrease) in Litigation Reserve		(200,000)
Operating Lease, Right-of-Use Asset		1,695,000			1,988,000
Operating Lease, Liability, Total		1,893,000	[3]		2,243,000
Short-term Lease, Cost		100,000		$ 300,000
Sublease Income		$ 59,000		$ 49,000
Operating Lease, Weighted Average Remaining Lease Term (Year)		1 year 9 months 18 days
Operating Lease, Weighted Average Discount Rate, Percent		3.70%
Office Space for Office Space in Northern California [Member]
Lessee, Operating Lease, Liability, to be Paid, Total		$ 900,000
Surety Bond [Member]
Loss Contingency, Range of Possible Loss, Portion Not Accrued		46,300,000			47,600,000
Loss Contingency, Estimated Remaining Costs of Work to be Completed		24,700,000			29,100,000
Corporate Joint Venture [Member] | Loans Payable [Member]
Related Party Transaction, Guarantor Obligations Underlying Asset Class, Guaranteed		4,400,000			5,800,000
Corporate Joint Venture [Member] | Financial Guarantee [Member]
Long-term Debt, Gross		$ 21,900,000			28,600,000
Ordinary Course Litigation [Member]
Estimated Litigation Liability					5,900,000
IBNR Construction Defect Claims [Member]
Estimated Litigation Liability					$ 5,000,000
[1]	During 2019, we recorded litigation reserves totaling $5.9 million related to ordinary course litigation which developed and became probable and estimable within the 2019 fourth quarter. Further, as a result of the development of the construction defect related claims within the litigation reserve and their impact to the Company's litigation reserve estimates for IBNR future construction defect claims, we recorded an additional $5.0 million of IBNR construction defect claim reserves resulting in aggregate litigation reserves totaling $10.9 million as of December 31, 2019. Because the self-insured retention deductibles had been met for each claim covered by the $5.9 million reserve, and the self-insured retention deductibles are expected to be met for the $5.0 million IBNR construction defect claim reserves, the Company recorded estimated insurance receivables of $10.9 million offsetting the litigation reserves as of December 31, 2019. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its litigation reserve estimate by $0.2 million for a separate claim, resulting in a litigation reserve balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within insurance receivables. Please refer to Note 7.
[2]	At December 31, 2019, the Company recorded insurance receivables of $10.9 million in connection with $10.9 million of litigation reserves recorded. During the three months ended March 31, 2020, $4.2 million was paid by insurance related to one claim and the Company also reduced its insurance receivable estimate by $0.2 million for a separate claim, resulting in an insurance receivable balance of $6.5 million at March 31, 2020, with a corresponding decrease recorded within litigation reserves. For more information, please refer to Note 8.
[3]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.8 years and 3.7%, respectively at March 31, 2020.

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
		Mar. 31, 2020	Mar. 31, 2019
Lease costs included in general and administrative expenses		$ 311	$ 355
Lease costs included in real estate inventories		97	162
Lease costs included in selling and marketing expenses		39	17
Net lease cost	[1]	447	534
Lease cash flows (included in operating cash flows)(1)	[1]	$ 498	$ 490
[1]	Does not include the cost of short-term leases with terms of less than one year which totaled approximately $0.1 million and $0.3 million for the three months ended March 31, 2020, and 2019, respectively, or the benefit from a sublease agreement of one of our office spaces which totaled approximately $59,000 and $49,000 for the three months ended March 31, 2020 and 2019, respectively.

Note 11 - Commitments and Con_5

Note 11 - Commitments and Contingencies - Future Minimum Lease Payments Under Operating Leases (Details) - USD ($) $ in Thousands		Mar. 31, 2020		Dec. 31, 2019
Remaining for 2020		$ 1,284
2021		629
2022		34
2023		18
2024		2
Thereafter		0
Total lease payments(1)	[1]	1,967
Less: Interest(2)	[2]	74
Operating Lease, Liability, Total		$ 1,893	[3]	$ 2,243
[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.
[3]	The weighted average remaining lease term and weighted average incremental borrowing rate used in calculating our lease liabilities were 1.8 years and 3.7%, respectively at March 31, 2020.

Note 12 - Related Party Trans_2

Note 12 - Related Party Transactions (Details Textual) - USD ($)	2 Months Ended	3 Months Ended		9 Months Ended	12 Months Ended	48 Months Ended
	May 31, 2020	Mar. 31, 2020	Mar. 31, 2019	Mar. 31, 2020	Dec. 31, 2019	Jun. 26, 2019	Apr. 30, 2020	Sep. 30, 2019	Jun. 30, 2019	Dec. 31, 2018	Dec. 31, 2017
Due from Affiliates		$ 108,000		$ 108,000	$ 238,000
Equity Method Investments		29,237,000		29,237,000	30,217,000
Revenue from Contract with Customer, Including Assessed Tax		132,033,000	$ 118,848,000
Cost of Goods and Services Sold, Total		120,366,000	105,837,000
Bedford 2 [Member]
Equity Method Investment, Other than Temporary Impairment		2,300,000
Interest Income on Note to Joint Venture [Member] | Encore McKinley [Member]
Debt Instrument, Interest Rate, Stated Percentage										10.00%
Bedford 2 [Member] | Subsequent Event [Member]
Sale of Business, Expected Price for Sale of Interest							$ 5,100,000
Corporate Joint Venture [Member] | Construction-related Costs [Member]
Related Party Transaction, Expenses from Transactions with Related Party		1,200,000	1,700,000
Due from Affiliates		100,000		100,000	200,000
Corporate Joint Venture [Member] | Management Fees [Member]
Due from Affiliates		0		$ 0	0
Due from Affiliates		$ 400,000	500,000
Related Party [Member]
Common Stock Beneficial Ownership Percentage, Significant Amount Threshold		10.00%		10.00%
TNHC Merdian Investors LLC, and TNHC Russel Ranch LLC [Member]
Equity Method Investments		$ 15,600,000		$ 15,600,000	13,700,000
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] | Unconsolidated Joint Ventures [Member]
Related Party Transaction, Amounts of Transaction		0	33,000
Accounts Payable, Related Parties		0		0	0
TNHC-HW Cannery LLC [Member]
Due from Affiliates		15,000		15,000	15,000
Deferred Profit From Lot Transactions		200,000		200,000	200,000
Related Party Transaction, Profit Participation Due		0	0
Consultant Davis [Member]
Due from Affiliates		0		0	0
Consultant Davis [Member] | Fee Building Revenue [Member]
Revenue from Contract with Customer, Including Assessed Tax			500,000
Cost of Goods and Services Sold, Total			500,000
Consultant Davis [Member] | General Contractor [Member]
Revenue from Contract with Customer, Including Assessed Tax			15,000
Consultant Davis [Member] | Monthly Consulting Fee [Member]
Related Party Transaction, Amounts of Transaction				1,000		$ 5,000
Accounts Payable, Related Parties		0		0
Consultant Stelmar [Member] | Monthly Consulting Fee [Member]
Related Party Transaction, Amounts of Transaction		0	$ 18,000
Accounts Payable, Related Parties		0		0	0
Consultant Redwitz [Member] | Forecast [Member]
Related Party Transaction, Amounts of Transaction	$ 5,000
Consultant Redwitz [Member] | Monthly Consulting Fee [Member]
Related Party Transaction, Amounts of Transaction		10,000
Accounts Payable, Related Parties		0		0
10% Common Stock Affiliate [Member] | Northern CA Phased Takedown [Member]
Purchase Options, Land											$ 16,100,000
Master Marketing Fees		400,000
10% Common Stock Affiliate [Member] | Northern CA Rolling Option [Member]
Related Party Transaction, Profit Participation Due		200,000
Estimated Purchase Price					$ 56,300,000
Percentage of Lots Agreed to Be Purchased by Unrelated Third Party					67.00%
Number of Lots Remaining to Purchase From Affiliate					0
Deposit Assets, Total		0		0
Option Payment		3,000,000
Amounts Paid for Purchase of Lots		18,000,000
10% Common Stock Affiliate [Member] | Arizona Master Plan [Member]
Purchase Options, Land		3,800,000		3,800,000
Deposits Assets		300,000		300,000
Bedford [Member]
Purchase Options, Land		10,000,000		10,000,000
Deposits Assets		1,500,000		1,500,000
Board Affiliate [Member] | Bedford [Member]
Purchase Options, Land								$ 9,300,000
Master Marketing Fees		100,000
Board Affiliate [Member] | Bedford 2 [Member]
Purchase Options, Land		10,500,000		10,500,000
Master Marketing Fees		200,000
Deposits Assets		$ 1,400,000		$ 1,400,000
Percentage of Optioned Lots Taken Down		92.00%	42.00%	92.00%
Deposit Assets Outstanding		$ 0		$ 0

Note 13 - Stock-based Compens_3

Note 13 - Stock-based Compensation (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	May 22, 2018	May 24, 2016
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Period (Year)	10 years
Share-based Payment Arrangement, Expense	$ 589	$ 566
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 3,600
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)	2 years 3 months 18 days
Performance Shares [Member]
Share-based Payment Arrangement, Expense		$ 0
Minimum [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
Minimum [Member] | Performance Shares [Member]
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 (Year)	3 years
Maximum [Member] | Performance Shares [Member]
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 (Year)	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)	1,644,875
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	61,443
The 2016 Incentive Plan, Amended and Restated [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized (in shares)			2,100,000	800,000
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant (in shares)	532,050

Note 13 - Stock-based Compens_4

Note 13 - Stock-based Compensation - Common Stock Option Activity (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
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 Granted, number of shares (in shares)	161,479	249,283
Common Stock Options Granted, weighted-average exercise price per share (in dollars per share)	$ 5.36	$ 5.76
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)	0	0
Common Stock Options Forfeited, weighted-average exercise price per share (in dollars per share)	$ 0	$ 0
Common Stock Options Outstanding, number of shares (in shares)	1,229,496	1,070,753
Common Stock Options Outstanding, weighted-average exercise price per share (in dollars per share)	$ 9.20	$ 9.78
Common Stock Options Exercisable, number of shares (in shares)	901,829	821,470
Common Stock Options Exercisable, weighted-average exercise price per share (in dollars per share)	$ 10.52	$ 11

Note 13 - Stock-based Compens_5

Note 13 - Stock-based Compensation - Restricted Stock Unit Activity (Details) - Restricted Stock Units (RSUs) [Member] - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
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
Restricted Stock Units Granted, number of shares (in shares)	241,556	135,473
Restricted Stock Units Granted, weighted-average grant date fair value per share (in dollars per share)	$ 5.36	$ 5.76
Restricted Stock Units Vested, number of shares (in shares)	(152,177)	(229,545)
Restricted Stock Units Vested, weighted-average grant date fair value per share (in dollars per share)	$ 9.45	$ 10.60
Restricted Stock Units Forfeited, number of shares (in shares)	(428)	(46,571)
Restricted Stock Units Forfeited, weighted-average grant date fair value per share (in dollars per share)	$ 11.68	$ 10.89
Restricted Stock Units Outstanding, number of shares (in shares)	681,067	328,584
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 5.32	$ 8.78

Note 13 - Stock-based Compens_6

Note 13 - Stock-based Compensation - Performance Share Unit Activity (Details) - Performance Shares [Member] - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Restricted Stock Units Outstanding, number of shares (in shares)	0	125,422
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 0	$ 11.68
Restricted Stock Units Granted, number of shares (in shares)	0	0
Restricted Stock Units Granted, weighted-average grant date fair value per share (in dollars per share)	$ 0	$ 0
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)	0	(26,882)
Restricted Stock Units Forfeited, weighted-average grant date fair value per share (in dollars per share)	$ 0	$ 11.68
Restricted Stock Units Outstanding, number of shares (in shares)	0	98,540
Restricted Stock Units Outstanding, weighted-average grant date fair value per share (in dollars per share)	$ 0	$ 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
	Mar. 31, 2020	Mar. 31, 2019
Share-based Payment Arrangement, Expense	$ 589	$ 566
Stock Options [Member]
Share-based Payment Arrangement, Expense	64	22
Restricted Stock Units and Performance Share Units [Member]
Share-based Payment Arrangement, Expense	$ 525	$ 544

Note 13 - Stock-based Compens_8

Note 13 - Stock-based Compensation - Valuation Assumptions for Common Stock Options Granted (Details) - $ / shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Expected term (in years) (Year)	6 years	6 years
Expected volatility	41.80%	39.90%
Risk-free interest rate	1.40%	2.50%
Expected dividends	0.00%	0.00%
Weighted-average grant date fair value per share (in dollars per share)	$ 2.24	$ 2.43

Note 14 - Income Taxes (Details

Note 14 - Income Taxes (Details Textual) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Income Tax Expense (Benefit), Total	$ (9,937)	$ (664)
Income Tax Expense (Benefit), Discrete Tax Items	8,100	300
Income Tax Expense (Benefit), Exploration Abandonment	5,800
Exploration Abandonment and Impairment Expense	14,036	$ 5
Income Tax Expense (Benefit), Change in Tax Law	$ (2,100)

Note 15 - Segment Information_2

Note 15 - Segment Information (Details Textual)	3 Months Ended
	Mar. 31, 2020
Number of Reportable Segments	3
Home Building Segment [Member]
Number of Reportable Segments	2

Note 15 - Segment Information -

Note 15 - Segment Information - Financial Information Relating to Reportable Segments (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Revenue	$ 132,033	$ 118,848
Pretax loss	(18,413)	(2,651)
Total assets	579,936		$ 603,189
Corporate, Non-Segment [Member]
Total assets	107,067		93,583
Home Building Segment [Member]
Total assets	460,233		498,413
Fee Building Segment [Member]
Total assets	12,636		11,193
California 1 [Member] | Home Building Segment [Member]
Total assets	398,714		416,179
Arizona 1 [Member] | Home Building Segment [Member]
Total assets	61,519		$ 82,234
Home Building [Member]
Revenue	95,659	99,186
Pretax loss	(19,143)	(3,045)
Home Building [Member] | California 1 [Member]
Revenue	83,280	83,332
Pretax loss	(4,451)	(2,567)
Home Building [Member] | Arizona 1 [Member]
Revenue	12,379	15,854
Pretax loss	(14,692)	(478)
Land [Member]
Revenue	147	0
Land [Member] | California 1 [Member]
Revenue	147	0
Homebuilding and Land [Member]
Revenue	95,806	99,186
Construction [Member]
Revenue	36,227	19,662
Pretax loss	$ 730	$ 394

Note 16 - Supplemental Disclo_3

Note 16 - Supplemental Disclosure of Cash Flow Information - Supplemental Cash Flow Information (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Interest paid, net of amounts capitalized	$ 0	$ 0
Income taxes paid	$ 0	$ 0

Note 17 - Supplemental Guaran_3

Note 17 - Supplemental Guarantor Information (Details Textual)	Mar. 31, 2020
Senior Notes [Member] | Senior Notes Due 2022 [Member]
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	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Assets
Cash and cash equivalents	$ 87,863	$ 79,314	$ 41,874
Restricted cash	424	117
Contracts and accounts receivable	15,637	15,982
Intercompany receivables	0	0
Due from Affiliates	108	238
Real estate inventories	398,973	433,938
Investment in and advances to unconsolidated joint ventures	29,237	30,217
Investment in subsidiaries	0	0
Deferred tax asset, net	16,589	17,503
Other assets	31,105	25,880
Total assets	579,936	603,189
Liabilities and equity
Accounts payable	21,038	25,044
Accrued expenses and other liabilities	36,083	40,554
Intercompany payables	0	0
Due to affiliates	0	0
Senior notes, net	300,479	304,832
Total liabilities	357,600	370,430
Total stockholders' equity	222,224	232,647
Non-controlling interest in subsidiary	112	112
Total equity	222,336	232,759	$ 237,079	$ 240,030
Total liabilities and equity	579,936	603,189
Consolidation, Eliminations [Member]
Assets
Cash and cash equivalents	0	0
Restricted cash	0	0
Contracts and accounts receivable	(888)	(424)
Intercompany receivables	(262,949)	(258,372)
Due from Affiliates	0	0
Real estate inventories	0	0
Investment in and advances to unconsolidated joint ventures	0	0
Investment in subsidiaries	(171,369)	(198,448)
Deferred tax asset, net	0	0
Other assets	0	0
Total assets	(435,206)	(457,244)
Liabilities and equity
Accounts payable	0	0
Accrued expenses and other liabilities	(877)	(421)
Intercompany payables	(262,949)	(258,372)
Due to affiliates	(11)	(3)
Senior notes, net	0	0
Total liabilities	(263,837)	(258,796)
Total stockholders' equity	(171,369)	(198,448)
Non-controlling interest in subsidiary	0	0
Total equity	(171,369)	(198,448)
Total liabilities and equity	(435,206)	(457,244)
Parent Company [Member]
Assets
Cash and cash equivalents	69,603	66,166
Restricted cash	0	0
Contracts and accounts receivable	11	3
Intercompany receivables	262,949	258,372
Due from Affiliates	0	0
Real estate inventories	0	0
Investment in and advances to unconsolidated joint ventures	0	0
Investment in subsidiaries	171,369	198,448
Deferred tax asset, net	16,060	17,003
Other assets	20,324	9,505
Total assets	540,316	549,497
Liabilities and equity
Accounts payable	47	68
Accrued expenses and other liabilities	17,566	11,950
Intercompany payables	0	0
Due to affiliates	0	0
Senior notes, net	300,479	304,832
Total liabilities	318,092	316,850
Total stockholders' equity	222,224	232,647
Non-controlling interest in subsidiary	0	0
Total equity	222,224	232,647
Total liabilities and equity	540,316	549,497
Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	18,085	12,978
Restricted cash	424	117
Contracts and accounts receivable	16,514	16,403
Intercompany receivables	0	0
Due from Affiliates	108	238
Real estate inventories	398,973	433,938
Investment in and advances to unconsolidated joint ventures	29,237	30,217
Investment in subsidiaries	0	0
Deferred tax asset, net	529	500
Other assets	10,754	16,340
Total assets	474,624	510,731
Liabilities and equity
Accounts payable	20,991	24,973
Accrued expenses and other liabilities	19,368	28,999
Intercompany payables	262,949	258,372
Due to affiliates	11	3
Senior notes, net	0	0
Total liabilities	303,319	312,347
Total stockholders' equity	171,305	198,384
Non-controlling interest in subsidiary	0	0
Total equity	171,305	198,384
Total liabilities and equity	474,624	510,731
Non-Guarantor Subsidiaries [Member]
Assets
Cash and cash equivalents	175	170
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
Deferred tax asset, net	0	0
Other assets	27	35
Total assets	202	205
Liabilities and equity
Accounts payable	0	3
Accrued expenses and other liabilities	26	26
Intercompany payables	0	0
Due to affiliates	0	0
Senior notes, net	0	0
Total liabilities	26	29
Total stockholders' equity	64	64
Non-controlling interest in subsidiary	112	112
Total equity	176	176
Total liabilities and equity	$ 202	$ 205

Note 17 - Supplemental Guaran_5

Note 17 - Supplemental Guarantor Information - Supplemental Condensed Consolidating Statements of Operations (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Revenues:
Revenue	$ 132,033	$ 118,848
Cost of Sales:
Cost of Sales	120,366	105,837
Gross Margin:
Gross margin	11,667	13,011
Selling and marketing expenses	(7,466)	(8,679)
General and administrative expenses	(6,023)	(7,391)
Equity in net income (loss) of unconsolidated joint ventures	(1,937)	184
Equity in net income (loss) of subsidiaries	0	0
Interest expense	(718)	0
Project abandonment costs	(14,036)	(5)
Gain (Loss) on Extinguishment of Debt, Total	(123)	417
Other income (expense), net	223	(188)
Pretax loss	(18,413)	(2,651)
Benefit for income taxes	9,937	664
Net loss	(8,476)	(1,987)
Net loss attributable to non-controlling interest in subsidiary	0	0
Net loss attributable to The New Home Company Inc.	(8,476)	(1,987)
Equity in net loss of subsidiaries	0	0
Project abandonment costs		(5)
Consolidation, Eliminations [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Selling and marketing expenses	0	0
General and administrative expenses	0	0
Equity in net income (loss) of unconsolidated joint ventures	0	0
Equity in net income (loss) of subsidiaries	10,530	1,712
Interest expense	0
Project abandonment costs	0
Gain (Loss) on Extinguishment of Debt, Total	0	0
Other income (expense), net	0	0
Pretax loss	10,530	1,712
Benefit for income taxes	0	0
Net loss	10,530	1,712
Net loss attributable to non-controlling interest in subsidiary	0	0
Net loss attributable to The New Home Company Inc.	10,530	1,712
Equity in net loss of subsidiaries	10,530	1,712
Project abandonment costs		0
Parent Company [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Selling and marketing expenses	0	0
General and administrative expenses	221	(566)
Equity in net income (loss) of unconsolidated joint ventures	0	0
Equity in net income (loss) of subsidiaries	(10,530)	(1,712)
Interest expense	0
Project abandonment costs	0
Gain (Loss) on Extinguishment of Debt, Total	(123)	417
Other income (expense), net	193	(62)
Pretax loss	(10,239)	(1,923)
Benefit for income taxes	1,763	(64)
Net loss	(8,476)	(1,987)
Net loss attributable to non-controlling interest in subsidiary	0	0
Net loss attributable to The New Home Company Inc.	(8,476)	(1,987)
Equity in net loss of subsidiaries	(10,530)	(1,712)
Project abandonment costs		0
Guarantor Subsidiaries [Member]
Revenues:
Revenue	132,033	118,848
Cost of Sales:
Cost of Sales	120,366	105,837
Gross Margin:
Gross margin	11,667	13,011
Selling and marketing expenses	(7,466)	(8,679)
General and administrative expenses	(6,244)	(6,825)
Equity in net income (loss) of unconsolidated joint ventures	(1,937)	184
Equity in net income (loss) of subsidiaries	0	0
Interest expense	(718)
Project abandonment costs	(14,036)
Gain (Loss) on Extinguishment of Debt, Total	0	0
Other income (expense), net	30	(126)
Pretax loss	(18,704)	(2,440)
Benefit for income taxes	8,174	728
Net loss	(10,530)	(1,712)
Net loss attributable to non-controlling interest in subsidiary	0	0
Net loss attributable to The New Home Company Inc.	(10,530)	(1,712)
Equity in net loss of subsidiaries	0	0
Project abandonment costs		(5)
Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Selling and marketing expenses	0	0
General and administrative expenses	0	0
Equity in net income (loss) of unconsolidated joint ventures	0	0
Equity in net income (loss) of subsidiaries	0	0
Interest expense	0
Project abandonment costs	0
Gain (Loss) on Extinguishment of Debt, Total	0	0
Other income (expense), net	0	0
Pretax loss	0	0
Benefit for income taxes	0	0
Net loss	0	0
Net loss attributable to non-controlling interest in subsidiary	0	0
Net loss attributable to The New Home Company Inc.	0	0
Equity in net loss of subsidiaries	0	0
Project abandonment costs		0
Home Building [Member]
Revenues:
Revenue	95,659	99,186
Cost of Sales:
Cost of Sales	84,722	86,569
Gross Margin:
Gross margin	10,937	12,617
Pretax loss	(19,143)	(3,045)
Home Building [Member] | Consolidation, Eliminations [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Home Building [Member] | Parent Company [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Home Building [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue	95,659	99,186
Cost of Sales:
Cost of Sales	84,722	86,569
Gross Margin:
Gross margin	10,937	12,617
Home Building [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Land [Member]
Revenues:
Revenue	147	0
Cost of Sales:
Cost of Sales	147	0
Gross Margin:
Gross margin	0	0
Land [Member] | Consolidation, Eliminations [Member]
Revenues:
Revenue	0
Cost of Sales:
Cost of Sales	0
Gross Margin:
Gross margin	0
Land [Member] | Parent Company [Member]
Revenues:
Revenue	0
Cost of Sales:
Cost of Sales	0
Gross Margin:
Gross margin	0
Land [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue	147
Cost of Sales:
Cost of Sales	147
Gross Margin:
Gross margin	0
Land [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue	0
Cost of Sales:
Cost of Sales	0
Gross Margin:
Gross margin	0
Construction [Member]
Revenues:
Revenue	36,227	19,662
Cost of Sales:
Cost of Sales	35,497	19,268
Gross Margin:
Gross margin	730	394
Pretax loss	730	394
Construction [Member] | Consolidation, Eliminations [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Construction [Member] | Parent Company [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	0	0
Construction [Member] | Guarantor Subsidiaries [Member]
Revenues:
Revenue	36,227	19,662
Cost of Sales:
Cost of Sales	35,497	19,268
Gross Margin:
Gross margin	730	394
Construction [Member] | Non-Guarantor Subsidiaries [Member]
Revenues:
Revenue	0	0
Cost of Sales:
Cost of Sales	0	0
Gross Margin:
Gross margin	$ 0	$ 0

Note 17 - Supplemental Guaran_6

Note 17 - Supplemental Guarantor Information - Supplemental Condensed Consolidated Statements of Cash Flows (Details) - USD ($) $ in Thousands	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Net cash (used in) provided by operating activities	$ 17,301	$ (12,232)
Purchases of property and equipment	(125)	(5)
Contributions and advances to unconsolidated joint ventures	(2,057)	(1,335)
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	1,100	2,562
Net cash provided by (used in) investing activities	(1,082)	1,222
Repurchases of senior notes	(4,827)	(4,512)
Contributions to subsidiaries from corporate	0	0
Distributions to corporate from subsidiaries	0	0
Repurchases of common stock	(2,233)	(1,042)
Tax withholding paid on behalf of employees for stock awards	(303)	(488)
Net cash used in financing activities	(7,363)	10,458
Net increase in cash, cash equivalents and restricted cash	8,856	(552)
Cash, cash equivalents and restricted cash – beginning of period	79,431	42,542
Cash, cash equivalents and restricted cash – end of period	88,287	41,990
Borrowings from credit facility		30,000
Repayments of credit facility		(13,500)
Consolidation, Eliminations [Member]
Net cash (used in) provided by operating activities	(133)	0
Purchases of property and equipment	0	0
Contributions and advances to unconsolidated joint ventures	0	0
Contributions to subsidiaries from corporate	21,800	46,000
Distributions of capital from subsidiaries to corporate	(38,217)	(39,000)
Distributions of capital and repayment of advances from unconsolidated joint ventures	0	0
Net cash provided by (used in) investing activities	(16,417)	7,000
Repurchases of senior notes	0	0
Contributions to subsidiaries from corporate	(21,800)	(46,000)
Distributions to corporate from subsidiaries	38,350	39,000
Repurchases of common stock	0	0
Tax withholding paid on behalf of employees for stock awards	0	0
Net cash used in financing activities	16,550	(7,000)
Net 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
Borrowings from credit facility		0
Repayments of credit facility		0
Parent Company [Member]
Net cash (used in) provided by operating activities	(5,549)	(14,259)
Purchases of property and equipment	(68)	0
Contributions and advances to unconsolidated joint ventures	0	0
Contributions to subsidiaries from corporate	(21,800)	(46,000)
Distributions of capital from subsidiaries to corporate	38,217	39,000
Distributions of capital and repayment of advances from unconsolidated joint ventures	0	0
Net cash provided by (used in) investing activities	16,349	(7,000)
Repurchases of senior notes	(4,827)	(4,512)
Contributions to subsidiaries from corporate	0	0
Distributions to corporate from subsidiaries	0	0
Repurchases of common stock	(2,233)	(1,042)
Tax withholding paid on behalf of employees for stock awards	(303)	(488)
Net cash used in financing activities	(7,363)	10,458
Net increase in cash, cash equivalents and restricted cash	3,437	(10,801)
Cash, cash equivalents and restricted cash – beginning of period	66,166	28,877
Cash, cash equivalents and restricted cash – end of period	69,603	18,076
Borrowings from credit facility		30,000
Repayments of credit facility		(13,500)
Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities	22,978	2,035
Purchases of property and equipment	(57)	(5)
Contributions and advances to unconsolidated joint ventures	(2,057)	(1,335)
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	1,100	2,562
Net cash provided by (used in) investing activities	(1,014)	1,222
Repurchases of senior notes	0	0
Contributions to subsidiaries from corporate	21,800	46,000
Distributions to corporate from subsidiaries	(38,350)	(39,000)
Repurchases of common stock	0	0
Tax withholding paid on behalf of employees for stock awards	0	0
Net cash used in financing activities	(16,550)	7,000
Net increase in cash, cash equivalents and restricted cash	5,414	10,257
Cash, cash equivalents and restricted cash – beginning of period	13,095	13,518
Cash, cash equivalents and restricted cash – end of period	18,509	23,775
Borrowings from credit facility		0
Repayments of credit facility		0
Non-Guarantor Subsidiaries [Member]
Net cash (used in) provided by operating activities	5	(8)
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 (used in) investing activities	0	0
Repurchases of senior notes	0	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 increase in cash, cash equivalents and restricted cash	5	(8)
Cash, cash equivalents and restricted cash – beginning of period	170	147
Cash, cash equivalents and restricted cash – end of period	$ 175	139
Borrowings from credit facility		0
Repayments of credit facility		$ 0