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Note 6 - Investments in and Advances to Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 2019

Notes Tables

Equity Method Investments [Table Text Block]

		*December 31,*
		*2019*				*2018*
		(Dollars in thousands)
Cash and cash equivalents		$	31,484			$	45,945
Restricted cash			13,852				19,205
Real estate inventories			241,416				374,607
Other assets			3,843				4,231
Total assets		$	290,595			$	443,988

Accounts payable and accrued liabilities		$	16,778			$	43,158
Notes payable			28,665				71,299
Total liabilities			45,443				114,457
The New Home Company's equity⁽¹⁾			27,722				33,617
Other partners' equity			217,430				295,914
Total equity			245,152				329,531
Total liabilities and equity		$	290,595			$	443,988
Debt-to-capitalization ratio			10.5	%			17.8	%
Debt-to-equity ratio			11.7	%			21.6	%

		*Year Ended December 31,*
		*2019*				*2018*				*2017*
		(Dollars in thousands)
Revenues		$	164,038			$	181,623			$	147,447
Cost of sales and expenses			230,953				209,527				147,976
Net loss of unconsolidated joint ventures		$	(66,915	)		$	(27,904	)		$	(529	)
Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying consolidated statements of operations		$	(3,503	)		$	(19,653	)		$	866

		*Year Ended December 31,*
		*2019*				*2018*				*2017*
		(Dollars in thousands)
Revenues		$	33,144			$	38,789			$	—
Cost of sales:
Land sales			31,103				36,676				—
Inventory impairments			70,000				28,776				—
Gross Margin			(67,959	)			(26,663	)			—
Expenses			(2,879	)			(3,289	)			(2,680	)
Net loss		$	(70,838	)		$	(29,952	)		$	(2,680	)
Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying consolidated statements of operations ⁽¹⁾		$	(3,656	)		$	(20,283	)		$	(462	)

Joint Venture Impairment [Table Text Block]

		*Year Ended December 31,*
		*2019*				*2018*				*2017*
		(Dollars in thousands)
Joint venture impairments related to:
Homebuilding joint ventures		$	—			$	—			$	—
Land development joint ventures			70,000				28,776				—
Total joint venture impairments		$	70,000			$	28,776			$	—
Number of projects impaired during the year			1				1				—
Total number of projects included in unconsolidated joint ventures and reviewed for impairment during the year			10				10				10