Unconsolidated Joint Ventures (Tables)

12 Months Ended

Dec. 31, 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 were as follows:

	December 31,
	2017			2016
	(Dollars in thousands)
Cash and cash equivalents	$	30,017		$	33,683
Restricted cash	15,041			8,374
Real estate inventories	396,850			386,487
Other assets	3,942			1,664
Total assets	$	445,850		$	430,208
Accounts payable and accrued liabilities	$	34,959		$	28,706
Notes payable	78,341			97,664
Total liabilities	113,300			126,370
The New Home Company's equity	50,523			46,857
Other partners' equity	282,027			256,981
Total equity	332,550			303,838
Total liabilities and equity	$	445,850		$	430,208
Debt-to-capitalization ratio	19.1		%	24.3		%
Debt-to-equity ratio	23.6		%	32.1		%

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

	Year Ended December 31,
	2017			2016		2015
	(Dollars in thousands)
Revenues	$	147,447		$	233,219	$	409,881
Cost of sales and expenses	147,976			207,028		344,687
Net (loss) income of unconsolidated joint ventures	$	(529	)	$	26,191	$	65,194
Equity in net income of unconsolidated joint ventures reflected in the accompanying consolidated statements of operations	$	866		$	7,691	$	13,767