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	)