Note 16 - Results of Quarterly Operations (Unaudited) (Tables)

12 Months Ended

Dec. 31, 2020

Notes Tables

Quarterly Financial Information [Table Text Block]

	First Quarter			Second Quarter			Third Quarter			Fourth Quarter			Total
	(Dollars in thousands, except per share amounts)
2020
Home sales revenue	$	95,659		$	77,757		$	117,426		$	135,409		$	426,251
Cost of home sales		84,722			66,216			100,775			115,313			367,026
Home sales impairments		—			19,000			—			—			19,000
Homebuilding gross margin	$	10,937		$	(7,459	)	$	16,651		$	20,096		$	40,225
Land sales revenue	$	147		$	10		$	—		$	—		$	157
Cost of land sales		147			10			—			—			157
Land sales impairments		—			—			—			—			—
Land sales gross margin	$	—		$	—		$	—		$	—		$	—
Fee building revenue	$	36,227		$	21,193		$	13,418		$	10,165		$	81,003
Cost of fee building		35,497			20,985			13,150			9,951			79,583
Fee building gross margin	$	730		$	208		$	268		$	214		$	1,420
Pretax income (loss)	$	(18,413	)	$	(41,222	)	$	1,528		$	(1,349	)	$	(59,456	)
Net income (loss) attributable to The New Home Company Inc.	$	(8,476	)	$	(24,293	)	$	1,188		$	(1,238	)	$	(32,819	)
Basic earnings (loss) per share attributable to The New Home Company Inc.(1)	$	(0.42	)	$	(1.32	)	$	0.07		$	(0.07	)	$	(1.76	)
Diluted earnings (loss) per share attributable to The New Home Company Inc.(1)	$	(0.42	)	$	(1.32	)	$	0.06		$	(0.07	)	$	(1.76	)
2019
Home sales revenue	$	99,186		$	140,464		$	118,781		$	173,921		$	532,352
Cost of home sales		86,569			123,525			105,763			153,700			469,557
Home sales impairments		—			—			1,700			6,600			8,300
Homebuilding gross margin	$	12,617		$	16,939		$	11,318		$	13,621		$	54,495
Land sales revenue	$	—		$	—		$	24,573		$	17,091		$	41,664
Cost of land sales		—			—			26,078			17,091			43,169
Land sales impairments		—			—			1,900			—			1,900
Land sales gross margin	$	—		$	—		$	(3,405	)	$	—		$	(3,405	)
Fee building revenue	$	19,662		$	22,285		$	22,262		$	31,124		$	95,333
Cost of fee building		19,268			21,770			21,615			30,628			93,281
Fee building gross margin	$	394		$	515		$	647		$	496		$	2,052
Pretax income (loss)	$	(2,651	)	$	2,565		$	(4,778	)	$	(6,952	)	$	(11,816	)
Net income (loss) attributable to The New Home Company Inc.	$	(1,987	)	$	1,572		$	(4,624	)	$	(2,998	)	$	(8,037	)
Basic earnings (loss) per share attributable to The New Home Company Inc.(1)	$	(0.10	)	$	0.08		$	(0.23	)	$	(0.15	)	$	(0.40	)
Diluted earnings (loss) per share attributable to The New Home Company Inc.(1)	$	(0.10	)	$	0.08		$	(0.23	)	$	(0.15	)	$	(0.40	)