Investments in and advances to unconsolidated joint ventures (Tables)

6 Months Ended

Jun. 30, 2017

Equity Method Investments and Joint Ventures [Abstract]

Schedule of summarized financial information of unconsolidated joint ventures

The condensed combined balance sheets for our unconsolidated joint ventures accounted for under the equity method are as follows:

	June 30,			December 31,
	2017			2016
	(Dollars in thousands)
Cash and cash equivalents	$	31,304		$	33,683
Restricted cash	16,176			8,374
Real estate inventories	407,239			386,487
Other assets	1,922			1,664
Total assets	$	456,641		$	430,208
Accounts payable and accrued liabilities	$	28,109		$	28,706
Notes payable	106,111			97,664
Total liabilities	134,220			126,370
The New Home Company's equity	49,226			46,857
Other partners' equity	273,195			256,981
Total equity	322,421			303,838
Total liabilities and equity	$	456,641		$	430,208
Debt-to-capitalization ratio	24.8		%	24.3		%
Debt-to-equity ratio	32.9		%	32.1		%

The condensed combined statements of operations for our unconsolidated joint ventures accounted for under the equity method are as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2017			2016		2017			2016
	(Dollars in thousands)
Revenues	$	35,171		$	70,104	$	61,791		$	112,061
Cost of sales and expenses	35,825			59,909		63,309			99,725
Net (loss) income of unconsolidated joint ventures	$	(654	)	$	10,195	$	(1,518	)	$	12,336
Equity in net income of unconsolidated joint ventures reflected in the accompanying consolidated statements of operations	$	201		$	3,947	$	507		$	3,940