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

6 Months Ended

Jun. 30, 2020

Notes Tables

Equity Method Investments [Table Text Block]

	June 30,			December 31,
	2020			2019
	(Dollars in thousands)
Cash and cash equivalents	$	28,375		$	31,484
Restricted cash		13,250			13,852
Real estate inventories		221,972			241,416
Other assets		3,778			3,843
Total assets	$	267,375		$	290,595
Accounts payable and accrued liabilities	$	11,100		$	16,778
Notes payable		11,633			28,665
Total liabilities		22,733			45,443
The New Home Company's equity(1)		28,465			27,722
Other partners' equity		216,177			217,430
Total equity		244,642			245,152
Total liabilities and equity	$	267,375		$	290,595
Debt-to-capitalization ratio		4.5	%		10.5	%
Debt-to-equity ratio		4.8	%		11.7	%

	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
	(Dollars in thousands)
Revenues	$	30,290		$	59,078	$	61,937		$	101,365
Cost of sales and expenses		28,672			57,288		58,957			99,062
Net income of unconsolidated joint ventures	$	1,618		$	1,790	$	2,980		$	2,303
Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying condensed consolidated statements of operations	$	(19,962	)	$	185	$	(21,899	)	$	369

	Three Months Ended June 30,					Six Months Ended June 30,
	2020			2019		2020			2019
	(Dollars in thousands)
Revenues	$	26,198		$	45,167	$	45,746		$	77,463
Cost of home and land sales		24,012			41,352		41,314			70,686
Gross margin	$	2,186		$	3,815	$	4,432		$	6,777
Expenses		1,243			1,990		2,590			3,852
Net income	$	943		$	1,825	$	1,842		$	2,925
Equity in net income (loss) of unconsolidated joint ventures reflected in the accompanying consolidated statements of operations	$	(19,926	)	$	247	$	(19,718	)	$	486