10-Q/A

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 10-Q/A

Amendment No. 1

(Mark One)

x QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2013

or

¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from                     to                     

Commission File Number 1-35796

TRI Pointe Homes, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware	27-3201111
(State or other Jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)

19520 Jamboree Road, Suite 200

Irvine, California 92612

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code (949) 478-8600

Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.    Yes  x    No  ¨

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files).    Yes  x    No  ¨

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	¨	Accelerated filer	¨
Non-accelerated filer	x (Do not check if a smaller reporting company)	Smaller reporting company	¨

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act).    Yes  ¨    No  x

Registrant’s shares of common stock outstanding at April 1, 2013: 31,597,907

EXPLANATORY NOTE

The purpose of this Amendment No. 1 to our Quarterly Report on Form 10-Q for the period ended March 31, 2013 (the “Form 10-Q”), originally filed with the Securities and Exchange Commission on May 14, 2013, is to furnish Exhibit 101 to the Form 10-Q within the 30 day grace period provided for the initial submission of interactive data files, as required by Rule 405 of Regulation S-T.

No other changes have been made to the Form 10-Q. This Form 10-Q/A speaks as of the original filing date of the Form 10-Q, does not reflect events that may have occurred subsequent to the original filing date, and does not modify or update in any way disclosures made in the Form 10-Q.

Pursuant to Rule 406T of Regulation S-T, the Interactive Data Files furnished as Exhibit 101 to this Amendment will not be deemed filed for purposes of Sections 11 and 12 of the Securities Act of 1933, as amended, nor will they be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended.

Item 6. Exhibits

Exhibit Number	Exhibit Description
2.1*	Plan of Conversion of TRI Pointe Homes, LLC (incorporated by reference to Exhibit 2.1 of the Company’s Registration Statement on Form S-1 (Amendment No. 4, filed January 25, 2013))
3.1*	Amended and Restated Certificate of Incorporation of TRI Pointe Homes, Inc. (incorporated by reference to Exhibit 3.1 of the Company’s Annual Report on Form 10-K (filed March 28, 2013))
3.2*	Bylaws of TRI Pointe Homes, Inc. (incorporated by reference to Exhibit 3.1 of the Company’s Registration Statement on Form S-1 (filed December 21, 2012))
4.1*	Specimen Common Stock Certificate of TRI Pointe Homes, Inc. (incorporated by reference to Exhibit 4.1 of the Company’s Registration Statement on Form S-1 (filed Dec. 21, 2012))
4.2*	Investor Rights Agreement between TRI Pointe Homes, Inc. and VIII/TPC Holdings, L.L.C. (incorporated by reference to Exhibit 4.2 of the Company’s Registration Statement on Form S-1 (Amendment No. 3, filed Jan. 25, 2013))
31.1*	Chief Executive Officer Section 302 Certification of the Sarbanes-Oxley Act of 2002
31.2*	Chief Financial Officer Section 302 Certification of the Sarbanes-Oxley Act of 2002
32.1*	Chief Executive Officer Section 906 Certification of the Sarbanes-Oxley Act of 2002
32.2*	Chief Financial Officer Section 906 Certification of the Sarbanes-Oxley Act of 2002
101**	The following materials from TRI Pointe Homes, Inc.’s Quarterly Report on Form 10-Q for the quarter ended March 31, 2013, formatted in eXtensible Business Reporting Language (XBRL): (i) Condensed Consolidated Balance Sheets, (ii) Condensed Consolidated Statements of Operations, (iii) Condensed Consolidated Statements of Other Comprehensive Income (Loss), (iv) Condensed Consolidated Statements of Equity, (v) Condensed Consolidated Statements of Cash Flows, and (vi) Notes to Unaudited Condensed Consolidated Financial Statements.

* Previously filed or furnished with the Form 10-Q.

** Exhibit filed with this Amendment. As provided in Rule 406T of Regulation S-T, this information is deemed furnished and not filed for purposes of Sections 11 and 12 of the Securities Act of 1933, as amended, and Section 18 of the Securities Exchange Act of 1934, as amended.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

TRI Pointe Homes, Inc.
By:	/s/ Douglas F. Bauer
	Douglas F. Bauer
	Chief Executive Officer

Date: June 6, 2013

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Organization and Basis of Presentation (Policies)

3 Months Ended

Mar. 31, 2013

Organization

Organization

TRI Pointe Homes, Inc. is engaged in the design, construction and sale of innovative single-family homes in planned communities in major metropolitan areas located throughout Southern and Northern California and Colorado.

Initial Public Offering

Initial Public Offering

In January 2013, the Company completed its initial public offering (“IPO”) in which it issued and sold 10,000,000 shares of common stock at the public offering price of $17.00 per share. The company received proceeds of $155.4 million in net proceeds after deducting underwriting discounts and commissions of $11.9 million and other net offering expenses of $2.7 million. The offering also included 5,742,350 shares of our common stock sold by a selling stockholder for $90.8 million, in net proceeds after deducting underwriting discounts and commissions of $6.8 million. In preparation of the IPO, the Company reorganized from a Delaware limited liability company into a Delaware corporation and was renamed TRI Pointe Homes, Inc. Upon the close of the IPO on January 31, 2013 and as of March 31, 2013, the Company had 31,597,907 common shares outstanding.

Basis of Presentation

Basis of Presentation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts have been eliminated upon consolidation. Subsequent events have been evaluated through the date the financial statements were issued.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012. The accompanying unaudited condensed financial statements include all adjustments (consisting of normal recurring entries) necessary for the fair presentation of our results for the interim period presented. Results for the interim period are not necessarily indicative of the results to be expected for the full year.

Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” refer to TRI Pointe Homes, Inc. (and its consolidated subsidiaries).

Use of Estimates

Use of Estimates

The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies. Accordingly, actual results could differ materially from these estimates.

Cash and Cash Equivalents and Concentration of Credit Risk

Cash and Cash Equivalents and Concentration of Credit Risk

We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short term liquid investments with an initial maturity date of less than three months. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.

Marketable Securities

Marketable Securities

Our marketable securities consist of fixed rate and floating rate interest earning securities, primarily, holdings in mutual fund equity securities. As of March 31, 2013, all of our marketable securities are treated as available-for-sale investments and, as such, we have recorded all of our marketable securities at fair value with changes in fair value being recorded as a component of accumulated other comprehensive income at March 31, 2013.

Real Estate Inventories and Cost of Sales

Real Estate Inventories and Cost of Sales

We capitalize pre-acquisition, land, development and other allocated costs, including interest, during development and home construction. Applicable costs incurred after development or construction is substantially complete are charged to selling, general and administrative, and other expenses as appropriate. Pre-acquisition costs, including non-refundable land deposits, are expensed to other income (expense) when we determine continuation of the respective project is not probable.

Land, development and other common costs are typically allocated to inventory using a methodology that approximates the relative-sales-value method. Home construction costs per production phase are recorded using the specific identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development and related common costs (both incurred and estimated to be incurred) based upon the relative-sales-value of the home within each community. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated on a relative-sales-value method to remaining homes in the community. Inventory is stated at cost, unless the carrying amount is determined not to be recoverable, in which case inventory is written down to fair value. We review our real estate assets at each community for indicators of impairment. Real estate assets include projects actively selling and projects under development or held for future development. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, significant decreases in gross margins and sales absorption rates, costs in excess of budget, and actual or projected cash flow losses.

If there are indications of impairment, we perform a detailed budget and cash flow review of our real estate assets to determine whether the estimated remaining undiscounted future cash flows of the community are more or less than the asset’s carrying value. If the undiscounted cash flows are more than the asset’s carrying value, no impairment adjustment is required. However, if the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and is written down to fair value. These impairment evaluations require us to make estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if expected future undiscounted cash flows will be sufficient to recover the asset’s carrying value.

When estimating undiscounted cash flows of a community, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; (iv) alternative product offerings that may be offered that could have an impact on sales pace, sales price and/or building costs; and (v) alternative uses for the property.

Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing sales absorption rates has a direct impact on the estimated per unit sales price of a home, the level of time sensitive costs (such as indirect construction, overhead and carrying costs), and selling and marketing costs (such as model maintenance costs and advertising costs). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flow analysis. For example, if our objective is to preserve operating margins, our cash flow analysis will be different than if the objective is to increase sales. These objectives may vary significantly from community to community and over time. If assets are considered impaired, impairment is determined by the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when assessment is made. These factors are specific to each community and may vary among communities. For the three months ended March 31, 2013 and 2012, no impairment adjustments relating to real estate inventories were recorded.

Home Sales and Profit Recognition

Home Sales and Profit Recognition

In accordance with Accounting Standards Codification (“ASC”) 360, Property, Plant, and Equipment, revenues from home sales and other real estate sales are recorded and a profit is recognized when the respective units are closed. Home sales and other real estate sales are closed when all conditions of escrow are met, including delivery of the home or other real estate asset, title passage, appropriate consideration is received and collection of associated receivables, if any, is reasonably assured. Sales incentives are a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. The profit we record is based on the calculation of cost of sales, which is dependent on our allocation of costs, as described in more detail above in the section entitled “—Real Estate Inventories and Cost of Sales.”

Fee Building

Fee Building

The Company enters into construction management agreements to provide fee building services whereby it will build, market and sell homes on behalf of independent third-party property owners. The independent third-party property owner funds all project costs incurred by the Company to build and sell the homes. The Company primarily enters into cost plus fee contracts where it charges independent third-party property owners for all direct and indirect costs plus a negotiated management fee. For these types of contracts, the Company recognizes revenue based on the actual total costs it has expended and the applicable management fee. The management fee is typically a fixed fee based on a percentage of the cost or home sales revenue of the project depending on the terms of the agreement with the independent third-party property owner. In accordance with ASC 605, Revenue Recognition, revenues from construction management services are recognized over a cost-to-cost approach in applying the percentage-of-completion method. Under this approach, revenue is earned in proportion to total costs incurred, divided by total costs expected to be incurred. The total estimated cost plus the management fee represents the total contract value. The Company recognizes revenue based on the actual labor and other direct costs incurred, plus the portion of the management fee it has earned to date. In the course of providing its services, the Company routinely subcontracts for services and incurs other direct costs on behalf of its clients. These costs are passed through to clients and, in accordance with industry practice and GAAP, are included in the Company’s revenue and cost of revenue. Under certain agreements, the Company is eligible to receive additional incentive compensation, as certain financial thresholds defined in the agreement are achieved. The Company recognizes revenue for any incentive compensation when such financial thresholds are probable of being met and such compensation is deemed to be collectible, generally at the date the amount is communicated to us by the independent third-party property owner.

The Company also enters into fee building contracts where it does not bear risks for any services outside of its own. For these types of contracts, the Company recognizes revenue as services are performed. The Company does not recognize any revenue or costs related to subcontractors’ cost since it does not bear any risk related to them.

Warranty Reserves

Warranty Reserves

Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience rates. Indirect warranty overhead salaries and related costs are charged to the reserve in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary. Our warranty accrual is included in accrued liabilities in the accompanying consolidated balance sheets. Changes in our warranty accrual are detailed in the table set forth below (in thousands):

	Three Months Ended March 31,
	2013			2012
Warranty reserves, beginning of period	$	1,593		$	985
Warranty reserves accrued		107			47
Warranty expenditures		(125	)		(67	)
Warranty reserves, end of period	$	1,575		$	965

Variable Interest Entities

Variable Interest Entities

The Company accounts for variable interest entities in accordance with ASC 810, Consolidation (“ASC 810”). Under ASC 810, a variable interest entity (“VIE”) is created when: (a) the equity investment at risk in the entity is not sufficient to permit the entity to finance its activities without additional subordinated financial support provided by other parties, including the equity holders; (b) the entity’s equity holders as a group either (i) lack the direct or indirect ability to make decisions about the entity, or (ii) are not obligated to absorb expected losses of the entity or (iii) do not have the right to receive expected residual returns of the entity; or (c) the entity’s equity holders have voting rights that are not proportionate to their economic interests, and the activities of the entity involve or are conducted on behalf of the equity holder with disproportionately few voting rights. If an entity is deemed to be a VIE pursuant to ASC 810, the enterprise that has both (i) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (ii) the obligation to absorb the expected losses of the entity or right to receive benefits from the entity that could be potentially significant to the VIE is considered the primary beneficiary and must consolidate the VIE. In accordance with ASC 810, we perform ongoing reassessments of whether an enterprise is the primary beneficiary of a VIE. As of March 31, 2013 and 2012, the Company did not have any investment that was deemed to be a VIE.

Under ASC 810, a non-refundable deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to write off should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a non-refundable deposit, a VIE may have been created. As of March 31, 2013 and 2012, the Company was not required to consolidate any VIEs nor did the Company write off any costs that had been capitalized under lot option contracts. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE.

Stock-Based Compensation

Stock-Based Compensation

We account for share-based awards in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees.

Sales and Marketing Expense

Sales and Marketing Expense

Sales and marketing costs incurred to sell real estate projects are capitalized if they are reasonably expected to be recovered from the sale of the project or from incidental operations and are incurred for tangible assets that are used directly through the selling period to aid in the sale of the project or services that have been performed to obtain regulatory approval of sales. All other selling expenses and other marketing costs are expensed in the period incurred.

Income Taxes

Income Taxes

Income taxes are accounted for in accordance with ASC 740, Income Taxes (“ASC 740”). The provision for, or benefit from, income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are evaluated on a quarterly basis to determine if adjustments to the valuation allowance are required. In accordance with ASC 740, we assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more likely than not” standard with respect to whether deferred tax assets will be realized. The ultimate realization of deferred tax assets depends primarily on the generation of future taxable income during the periods in which the differences become deductible. The value of our deferred tax assets will depend on applicable income tax rates. Judgment is required in determining the future tax consequences of events that have been recognized in our consolidated financial statements and/or tax returns. Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial statements.

Recently Issued Accounting Standards

Recently Issued Accounting Standards

On February 5, 2013, the FASB issued Accounting Standards Update 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income (loss). We adopted ASU 2013-02 during the three months ended March 31, 2013.

Fair Value

ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories:

• Level 1—Quoted prices for identical instruments in active markets

• Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date

• Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date

Segment Reporting

In accordance with ASC 280, Segment Reporting, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply.

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Revenues:
Home sales	$ 23,857	$ 4,588
Fee building	4,031	65
Total revenues	27,888	4,653
Expenses:
Cost of home sales	19,449	4,072
Fee building	3,625	65
Sales and marketing	1,330	493
General and administrative	3,313	1,178
Total expenses	27,717	5,808
Income (loss) from operations	171	(1,155)
Other income, net	172	12
Income (loss) before income taxes	343	(1,143)
Provision for income taxes	(73)
Net income (loss)	$ 270	$ (1,143)
Net Income (loss) per share (Note 2)
Basic	$ 0.01	$ (0.09)
Diluted	$ 0.01	$ (0.09)
Weighted average number of shares (Note 2)
Basic	28,264,574	12,764,490
Diluted	28,274,188	12,764,490

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Real Estate Inventories and Capitalized Interest

3 Months Ended

Mar. 31, 2013

Real Estate Inventories and Capitalized Interest

3. Real Estate Inventories and Capitalized Interest

Real estate inventories consisted of the following (in thousands):

	March 31, 2013		December 31, 2012
Inventories owned:
Deposits and pre-acquisition costs	$	16,929	$	12,285
Land held and land under development		158,025		129,621
Homes completed or under construction		57,994		40,955
Model homes		12,214		11,222
	$	245,162	$	194,083

Model homes, homes completed, and homes under construction include all costs associated with home construction, including land, development, indirects, permits, and vertical construction. Land under development includes costs incurred during site development such as land, development, indirects, and permits. Land is classified as held for future development if no significant development has occurred.

Interest incurred, capitalized and expensed were as follows (in thousands):

	Three Months Ended March 31,
	2013			2012
Interest incurred	$	734		$	172
Interest expensed		—			—
Capitalized interest in beginning inventory	$	1,364		$	159
Interest capitalized as a cost of inventory		734			172
Interest previously capitalized as a cost of inventory, included in cost of sales		(256	)		(57	)
Capitalized interest in ending inventory	$	1,842		$	274

Interest is capitalized on inventory during development and other qualifying activities. Interest capitalized as cost of inventory is included in cost of sales as related units are closed.

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Segment Information (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Financial Information Relating to Reportable Segments

Financial information relating to reportable segments was as follows (in thousands):

	Three Months Ended March  31,
	2013		2012
Revenues
Homebuilding	$	23,857	$	4,588
Fee building		4,031		65
Total	$	27,888	$	4,653
Gross profit
Homebuilding	$	4,408	$	516
Fee building		406		—
Total	$	4,814	$	516
	March 31, 2013		December 31, 2012
Assets
Homebuilding	$	378,564	$	216,667
Fee building		1,148		849
Total	$	379,712	$	217,516

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Organization and Basis of Presentation (Tables)

3 Months Ended

Mar. 31, 2013

Changes in Warranty Accrual

Changes in our warranty accrual are detailed in the table set forth below (in thousands):

	Three Months Ended March 31,
	2013			2012
Warranty reserves, beginning of period	$	1,593		$	985
Warranty reserves accrued		107			47
Warranty expenditures		(125	)		(67	)
Warranty reserves, end of period	$	1,575		$	965

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Stock-Based Compensation - Summary of Compensation Expense Recognized Related to all Stock-Based Awards (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	$ 327	$ 116
Stock option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	109
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	102
Equity based incentive units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Recognized compensation expense	$ 116	$ 116

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Earnings (Loss) Per Share - Additional Information (Detail) (Initial public offering [Member], USD $)	Jan. 31, 2013
Initial public offering [Member]
Class of Stock [Line Items]
Common stock public offering price	$ 17.00

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Organization and Basis of Presentation - Changes in Warranty Accrual (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Movement in Standard Product Warranty Accrual [Roll Forward]
Warranty reserves, beginning of period	$ 1,593	$ 985
Warranty reserves accrued	107	47
Warranty expenditures	(125)	(67)
Warranty reserves, end of period	$ 1,575	$ 965

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Fair Value Disclosures - Book Values and Estimated Fair Values of Financial Instruments (Parenthetical) (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Unrealized gain on marketable securities	$ 61
Gain on sale of marketable securities	$ 40

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Income Taxes - Additional Information (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Provision for income tax	$ 73
Effective tax rate on the pretax income	42.00%

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Notes Payable - Components of Notes Payable (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Debt Instrument [Line Items]
Notes payable	$ 60,896	$ 57,368
Acquisition and development loans [Member]
Debt Instrument [Line Items]
Notes payable	33,616	37,996
Construction loans [Member]
Debt Instrument [Line Items]
Notes payable	21,275	12,517
Revolving credit facility [Member]
Debt Instrument [Line Items]
Notes payable	$ 6,005	$ 6,855

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Organization and Basis of Presentation - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended
	Jan. 31, 2013	Mar. 31, 2013	Mar. 31, 2012
Organization And Basis Of Presentation [Line Items]
Common stock shares issued and sold		31,597,907
Net proceeds from common stock sold	$ 90,800,000
Underwriting discounts and commissions	6,800,000
Common stock shares sold	5,742,350
Common stock, outstanding shares		31,597,907
Impairment adjustments		0	0
Initial public offering [Member]
Organization And Basis Of Presentation [Line Items]
Common stock shares issued and sold	10,000,000
Common stock public offering price	$ 17.00
Net proceeds from common stock sold	155,400,000
Underwriting discounts and commissions	11,900,000
Net offering expenses	$ 2,700,000
Common stock, outstanding shares		31,597,907

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CONDENSED CONSOLIDATED STATEMENT OF EQUITY (USD $) In Thousands, except Share data	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated deficit [Member]	Accumulated Other Comprehensive Income [Member]	Total Stockholders' Equity [Member]	Members' Equity [Member]
Beginning Balance at Dec. 31, 2012	$ 149,153						$ 149,153
Beginning Balance, Number of Common Shares at Dec. 31, 2012
Net income	270			270		270
Unrealized gain on available-for-sale investments	61				61	61
Comprehensive income (loss)	331					331
Conversion of members' equity into common stock		216	153,199	(4,262)		149,153	(149,153)
Conversion of members' equity into common stock, Number of Common Shares		21,597,907
Issuance of common stock, net of issuance costs	155,408	100	155,308			155,408
Issuance of common stock, net of issuance costs, Number of Common Shares		10,000,000
Stock-based compensation expense	327		327			327
Ending Balance at Mar. 31, 2013	$ 305,219	$ 316	$ 308,834	$ (3,992)	$ 61	$ 305,219
Ending Balance, Number of Common Shares at Mar. 31, 2013	31,597,907	31,597,907

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Organization and Basis of Presentation

3 Months Ended

Mar. 31, 2013

Organization and Basis of Presentation

1. Organization and Basis of Presentation

Organization

TRI Pointe Homes, Inc. is engaged in the design, construction and sale of innovative single-family homes in planned communities in major metropolitan areas located throughout Southern and Northern California and Colorado.

Initial Public Offering

In January 2013, the Company completed its initial public offering (“IPO”) in which it issued and sold 10,000,000 shares of common stock at the public offering price of $17.00 per share. The company received proceeds of $155.4 million in net proceeds after deducting underwriting discounts and commissions of $11.9 million and other net offering expenses of $2.7 million. The offering also included 5,742,350 shares of our common stock sold by a selling stockholder for $90.8 million, in net proceeds after deducting underwriting discounts and commissions of $6.8 million. In preparation of the IPO, the Company reorganized from a Delaware limited liability company into a Delaware corporation and was renamed TRI Pointe Homes, Inc. Upon the close of the IPO on January 31, 2013 and as of March 31, 2013, the Company had 31,597,907 common shares outstanding.

Basis of Presentation

The consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries. All significant intercompany accounts have been eliminated upon consolidation. Subsequent events have been evaluated through the date the financial statements were issued.

The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 10 of Regulation S-X and should be read in conjunction with the consolidated financial statements and notes thereto included in our Annual Report on Form 10-K for the fiscal year ended December 31, 2012. The accompanying unaudited condensed financial statements include all adjustments (consisting of normal recurring entries) necessary for the fair presentation of our results for the interim period presented. Results for the interim period are not necessarily indicative of the results to be expected for the full year.

Unless the context otherwise requires, the terms “we”, “us”, “our” and “the Company” refer to TRI Pointe Homes, Inc. (and its consolidated subsidiaries).

Use of Estimates

The preparation of the Company’s consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of commitments and contingencies. Accordingly, actual results could differ materially from these estimates.

Cash and Cash Equivalents and Concentration of Credit Risk

We define cash and cash equivalents as cash on hand, demand deposits with financial institutions, and short term liquid investments with an initial maturity date of less than three months. The Company’s cash balances exceed federally insurable limits. The Company monitors the cash balances in its operating accounts and adjusts the cash balances as appropriate; however, these cash balances could be impacted if the underlying financial institutions fail or are subject to other adverse conditions in the financial markets. To date, the Company has experienced no loss or lack of access to cash in its operating accounts.

Marketable Securities

Our marketable securities consist of fixed rate and floating rate interest earning securities, primarily, holdings in mutual fund equity securities. As of March 31, 2013, all of our marketable securities are treated as available-for-sale investments and, as such, we have recorded all of our marketable securities at fair value with changes in fair value being recorded as a component of accumulated other comprehensive income at March 31, 2013.

Real Estate Inventories and Cost of Sales

We capitalize pre-acquisition, land, development and other allocated costs, including interest, during development and home construction. Applicable costs incurred after development or construction is substantially complete are charged to selling, general and administrative, and other expenses as appropriate. Pre-acquisition costs, including non-refundable land deposits, are expensed to other income (expense) when we determine continuation of the respective project is not probable.

Land, development and other common costs are typically allocated to inventory using a methodology that approximates the relative-sales-value method. Home construction costs per production phase are recorded using the specific identification method. Cost of sales for homes closed includes the allocation of construction costs of each home and all applicable land acquisition, land development and related common costs (both incurred and estimated to be incurred) based upon the relative-sales-value of the home within each community. Changes to estimated total development costs subsequent to initial home closings in a community are generally allocated on a relative-sales-value method to remaining homes in the community. Inventory is stated at cost, unless the carrying amount is determined not to be recoverable, in which case inventory is written down to fair value. We review our real estate assets at each community for indicators of impairment. Real estate assets include projects actively selling and projects under development or held for future development. Indicators of impairment include, but are not limited to, significant decreases in local housing market values and selling prices of comparable homes, significant decreases in gross margins and sales absorption rates, costs in excess of budget, and actual or projected cash flow losses.

If there are indications of impairment, we perform a detailed budget and cash flow review of our real estate assets to determine whether the estimated remaining undiscounted future cash flows of the community are more or less than the asset’s carrying value. If the undiscounted cash flows are more than the asset’s carrying value, no impairment adjustment is required. However, if the undiscounted cash flows are less than the asset’s carrying value, the asset is deemed impaired and is written down to fair value. These impairment evaluations require us to make estimates and assumptions regarding future conditions, including timing and amounts of development costs and sales prices of real estate assets, to determine if expected future undiscounted cash flows will be sufficient to recover the asset’s carrying value.

When estimating undiscounted cash flows of a community, we make various assumptions, including: (i) expected sales prices and sales incentives to be offered, including the number of homes available, pricing and incentives being offered by us or other builders in other communities, and future sales price adjustments based on market and economic trends; (ii) expected sales pace and cancellation rates based on local housing market conditions, competition and historical trends; (iii) costs expended to date and expected to be incurred including, but not limited to, land and land development costs, home construction costs, interest costs, indirect construction and overhead costs, and selling and marketing costs; (iv) alternative product offerings that may be offered that could have an impact on sales pace, sales price and/or building costs; and (v) alternative uses for the property.

Many assumptions are interdependent and a change in one may require a corresponding change to other assumptions. For example, increasing or decreasing sales absorption rates has a direct impact on the estimated per unit sales price of a home, the level of time sensitive costs (such as indirect construction, overhead and carrying costs), and selling and marketing costs (such as model maintenance costs and advertising costs). Depending on the underlying objective of the community, assumptions could have a significant impact on the projected cash flow analysis. For example, if our objective is to preserve operating margins, our cash flow analysis will be different than if the objective is to increase sales. These objectives may vary significantly from community to community and over time. If assets are considered impaired, impairment is determined by the amount the asset’s carrying value exceeds its fair value. Fair value is determined based on estimated future cash flows discounted for inherent risks associated with real estate assets. These discounted cash flows are impacted by expected risk based on estimated land development, construction and delivery timelines; market risk of price erosion; uncertainty of development or construction cost increases; and other risks specific to the asset or market conditions where the asset is located when assessment is made. These factors are specific to each community and may vary among communities. For the three months ended March 31, 2013 and 2012, no impairment adjustments relating to real estate inventories were recorded.

Revenue Recognition

Home Sales and Profit Recognition

In accordance with Accounting Standards Codification (“ASC”) 360, Property, Plant, and Equipment, revenues from home sales and other real estate sales are recorded and a profit is recognized when the respective units are closed. Home sales and other real estate sales are closed when all conditions of escrow are met, including delivery of the home or other real estate asset, title passage, appropriate consideration is received and collection of associated receivables, if any, is reasonably assured. Sales incentives are a reduction of revenues when the respective unit is closed. When it is determined that the earnings process is not complete, the sale and the related profit are deferred for recognition in future periods. The profit we record is based on the calculation of cost of sales, which is dependent on our allocation of costs, as described in more detail above in the section entitled “—Real Estate Inventories and Cost of Sales.”

Fee Building

The Company enters into construction management agreements to provide fee building services whereby it will build, market and sell homes on behalf of independent third-party property owners. The independent third-party property owner funds all project costs incurred by the Company to build and sell the homes. The Company primarily enters into cost plus fee contracts where it charges independent third-party property owners for all direct and indirect costs plus a negotiated management fee. For these types of contracts, the Company recognizes revenue based on the actual total costs it has expended and the applicable management fee. The management fee is typically a fixed fee based on a percentage of the cost or home sales revenue of the project depending on the terms of the agreement with the independent third-party property owner. In accordance with ASC 605, Revenue Recognition, revenues from construction management services are recognized over a cost-to-cost approach in applying the percentage-of-completion method. Under this approach, revenue is earned in proportion to total costs incurred, divided by total costs expected to be incurred. The total estimated cost plus the management fee represents the total contract value. The Company recognizes revenue based on the actual labor and other direct costs incurred, plus the portion of the management fee it has earned to date. In the course of providing its services, the Company routinely subcontracts for services and incurs other direct costs on behalf of its clients. These costs are passed through to clients and, in accordance with industry practice and GAAP, are included in the Company’s revenue and cost of revenue. Under certain agreements, the Company is eligible to receive additional incentive compensation, as certain financial thresholds defined in the agreement are achieved. The Company recognizes revenue for any incentive compensation when such financial thresholds are probable of being met and such compensation is deemed to be collectible, generally at the date the amount is communicated to us by the independent third-party property owner.

The Company also enters into fee building contracts where it does not bear risks for any services outside of its own. For these types of contracts, the Company recognizes revenue as services are performed. The Company does not recognize any revenue or costs related to subcontractors’ cost since it does not bear any risk related to them.

Warranty Reserves

Estimated future direct warranty costs are accrued and charged to cost of sales in the period when the related homebuilding revenues are recognized. Amounts accrued are based upon historical experience rates. Indirect warranty overhead salaries and related costs are charged to the reserve in the period incurred. We assess the adequacy of our warranty accrual on a quarterly basis and adjust the amounts recorded if necessary. Our warranty accrual is included in accrued liabilities in the accompanying consolidated balance sheets. Changes in our warranty accrual are detailed in the table set forth below (in thousands):

	Three Months Ended March 31,
	2013			2012
Warranty reserves, beginning of period	$	1,593		$	985
Warranty reserves accrued		107			47
Warranty expenditures		(125	)		(67	)
Warranty reserves, end of period	$	1,575		$	965

Variable Interest Entities

The Company accounts for variable interest entities in accordance with ASC 810, Consolidation (“ASC 810”). Under ASC 810, a variable interest entity (“VIE”) is created when: (a) the equity investment at risk in the entity is not sufficient to permit the entity to finance its activities without additional subordinated financial support provided by other parties, including the equity holders; (b) the entity’s equity holders as a group either (i) lack the direct or indirect ability to make decisions about the entity, or (ii) are not obligated to absorb expected losses of the entity or (iii) do not have the right to receive expected residual returns of the entity; or (c) the entity’s equity holders have voting rights that are not proportionate to their economic interests, and the activities of the entity involve or are conducted on behalf of the equity holder with disproportionately few voting rights. If an entity is deemed to be a VIE pursuant to ASC 810, the enterprise that has both (i) the power to direct the activities of a VIE that most significantly impact the entity’s economic performance and (ii) the obligation to absorb the expected losses of the entity or right to receive benefits from the entity that could be potentially significant to the VIE is considered the primary beneficiary and must consolidate the VIE. In accordance with ASC 810, we perform ongoing reassessments of whether an enterprise is the primary beneficiary of a VIE. As of March 31, 2013 and 2012, the Company did not have any investment that was deemed to be a VIE.

Under ASC 810, a non-refundable deposit paid to an entity is deemed to be a variable interest that will absorb some or all of the entity’s expected losses if they occur. Our land purchase and lot option deposits generally represent our maximum exposure to the land seller if we elect not to purchase the optioned property. In some instances, we may also expend funds for due diligence, development and construction activities with respect to optioned land prior to takedown. Such costs are classified as inventories owned, which we would have to write off should we not exercise the option. Therefore, whenever we enter into a land option or purchase contract with an entity and make a non-refundable deposit, a VIE may have been created. As of March 31, 2013 and 2012, the Company was not required to consolidate any VIEs nor did the Company write off any costs that had been capitalized under lot option contracts. In accordance with ASC 810, we perform ongoing reassessments of whether we are the primary beneficiary of a VIE.

Stock-Based Compensation

We account for share-based awards in accordance with ASC 718, Compensation-Stock Compensation (“ASC 718”). ASC 718 requires that the cost resulting from all share-based payment transactions be recognized in the financial statements. ASC 718 requires all entities to apply a fair-value-based measurement method in accounting for share-based payment transactions with employees.

Sales and Marketing Expense

Sales and marketing costs incurred to sell real estate projects are capitalized if they are reasonably expected to be recovered from the sale of the project or from incidental operations and are incurred for tangible assets that are used directly through the selling period to aid in the sale of the project or services that have been performed to obtain regulatory approval of sales. All other selling expenses and other marketing costs are expensed in the period incurred.

Income Taxes

Income taxes are accounted for in accordance with ASC 740, Income Taxes (“ASC 740”). The provision for, or benefit from, income taxes is calculated using the asset and liability method, under which deferred tax assets and liabilities are recorded based on the difference between the financial statement and tax basis of assets and liabilities using enacted tax rates in effect for the year in which the differences are expected to reverse. Deferred tax assets are evaluated on a quarterly basis to determine if adjustments to the valuation allowance are required. In accordance with ASC 740, we assess whether a valuation allowance should be established based on the consideration of all available evidence using a “more likely than not” standard with respect to whether deferred tax assets will be realized. The ultimate realization of deferred tax assets depends primarily on the generation of future taxable income during the periods in which the differences become deductible. The value of our deferred tax assets will depend on applicable income tax rates. Judgment is required in determining the future tax consequences of events that have been recognized in our consolidated financial statements and/or tax returns. Differences between anticipated and actual outcomes of these future tax consequences could have a material impact on our consolidated financial statements.

Recently Issued Accounting Standards

On February 5, 2013, the FASB issued Accounting Standards Update 2013-02, Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income (“ASU 2013-02”), which adds additional disclosure requirements for items reclassified out of accumulated other comprehensive income (loss). We adopted ASU 2013-02 during the three months ended March 31, 2013.

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Notes Payable

3 Months Ended

Mar. 31, 2013

Notes Payable

4. Notes Payable

Notes payable consisted of the following (in thousands):

	March 31, 2013		December 31, 2012
Revolving credit facility	$	6,005	$	6,855
Acquisition and development loans		33,616		37,996
Construction loans		21,275		12,517
	$	60,896	$	57,368

As of March 31, 2013, the Company had a secured revolving credit facility which has a maximum loan commitment of $30.0 million, an initial maturity date of April 19, 2014 and a final maturity date of April 19, 2015. The Company may borrow under its facility in the ordinary course of business to fund its operations, including its land development and home building activities. The amount the Company may borrow is subject to applicable borrowing base provisions and concentration limitations, which may also limit the amount available or outstanding under the facility. The facility is secured by deeds of trust on the real property and improvements thereon, and the borrowings are repaid with the net sales proceeds from the sales of homes, subject to a minimum release price. Interest rates charged under the facility include applicable LIBOR and prime rate pricing options, subject to a minimum interest rate floor. As of March 31, 2013, the interest rate was 5.0% per annum, and the Company had $23.4 million of availability under the facility.

The Company enters into secured acquisition and development loan agreements to purchase and develop land parcels. In addition, the Company enters into secured construction loan agreements for the construction of its model and production homes. The acquisition and development loans will be repaid as lots are released from the loans based upon a specific release price, as defined in each respective loan agreement. The construction loans will be repaid with proceeds from home closings based upon a specific release price, as defined in each respective loan agreement.

As of March 31, 2013, the Company had $82.8 million of aggregate acquisition and development loan commitments and $40.3 million of aggregate construction loan commitments, of which $33.6 million and $21.3 million was outstanding, respectively. The loans have maturity dates ranging from August 2013 to September 2015, including the six month extensions which are at our election (subject to certain conditions) and bear interest at a rate based on applicable LIBOR or Prime Rate pricing options, with interest rate floors ranging from 4.0% to 6.0%. As of March 31, 2013, the weighted average interest rate was 5.1% per annum.

As of December 31, 2012, the Company’s secured revolving credit facility with a maximum loan commitment of $30.0 million, of which $6.9 million was outstanding, had $21.4 million of availability and an interest rate of 5.5% per annum. In addition, the Company had $68.1 million of aggregate acquisition and development loan commitments and $25.4 million of aggregate construction loan commitments, of which $38.0 million and $12.5 million were outstanding, respectively. The loans had maturity dates ranging from August 2013 to February 2015, including the six month extensions which are at our election (subject to certain conditions) and bear interest at a rate based on applicable LIBOR or Prime Rate pricing options, with interest rate floors ranging from 4.0% to 6.0%. As of December 31, 2012, the weighted average interest rate was 5.2% per annum.

During the three months ended March 31, 2013 and 2012, the Company incurred interest of $734,000 and $172,000, respectively, related to its notes payable, all of which was capitalized to real estate inventories.

Under the revolving credit facility and construction notes payable, the Company is required to comply with certain financial covenants, including but not limited to (i) a minimum tangible net worth; (ii) a maximum total liabilities to tangible net worth ratio; and (iii) a minimum liquidity amount. The Company was in compliance with all financial covenants as of March 31, 2013 and December 31, 2012.

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Earnings (Loss) Per Share

3 Months Ended

Mar. 31, 2013

Earnings (Loss) Per Share

2. Earnings (Loss) Per Share

Basic and diluted earnings (loss) per share for the three months ended March 31, 2013 and 2012 give effect to the conversion of the Company’s members’ equity into common stock on January 30, 2013 as though the conversion had occurred as of the beginning of the reporting period or the original date of issuance, if later. The number of shares converted was based on the actual initial public offering price of $17.00 per share.

The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share (dollars in thousands, except per share amounts):

	Three Months Ended March 31,
	2013		2012
Numerator:
Net income (loss)	$	270	$	(1,143	)
Denominator:
Basic weighted-average shares outstanding		28,264,574		12,764,490
Effect of dilutive shares:
Stock options and unvested restricted stock units(1)		9,614		—
Diluted weighted-average shares outstanding		28,274,188		12,764,490
Basic income (loss) per share	$	0.01	$	(0.09	)
Diluted income (loss) per share(1)	$	0.01	$	(0.09	)
Antidilutive stock options not included in diluted income per share		452		—

⁽¹⁾  For periods with a net loss, no stock options or non-vested shares are included in the dilution calculation as all options and non-vested shares outstanding are considered antidilutive.

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Segment Information - Additional Information (Detail)	3 Months Ended
	Mar. 31, 2013 Segment
Segment Reporting Information [Line Items]
Number of reportable segments	2

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Earnings (Loss) Per Share - Computation of Basic and Diluted Earnings (Loss) Per Share (Detail) (USD $) In Thousands, except Share data, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Numerator:
Net income (loss)	$ 270	$ (1,143)
Denominator:
Basic weighted-average shares outstanding	28,264,574	12,764,490
Effect of dilutive shares:
Stock options and unvested restricted stock units	9,614
Diluted weighted-average shares outstanding	28,274,188	12,764,490
Basic income (loss) per share	$ 0.01	$ (0.09)
Diluted income (loss) per share	$ 0.01	$ (0.09)
Antidilutive stock options not included in diluted income per share	452

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Notes Payable - Additional Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013	Dec. 31, 2012	Mar. 31, 2012
Debt Instrument [Line Items]
Loan commitments	$ 30,000,000	$ 30,000,000
Initial maturity date	Aug. 01, 2013	Aug. 01, 2013
Final maturity date	Sep. 28, 2015	Feb. 28, 2015
Interest rate on credit facility	5.00%	5.50%
Available secured revolving credit facility	23,400,000	21,400,000
Loan commitments outstanding	60,896,000	57,368,000
Weighted average interest rate	5.10%	5.20%
Interest capitalized to real estate inventories	734,000		172,000
Minimum [Member]
Debt Instrument [Line Items]
LIBOR interest rate	4.00%	4.00%
Maximum [Member]
Debt Instrument [Line Items]
LIBOR interest rate	6.00%	6.00%
Acquisition and development loans [Member]
Debt Instrument [Line Items]
Loan commitments	82,800,000	68,100,000
Loan commitments outstanding	33,616,000	37,996,000
Construction loans [Member]
Debt Instrument [Line Items]
Loan commitments	40,300,000	25,400,000
Loan commitments outstanding	21,275,000	12,517,000
Revolving credit facility [Member]
Debt Instrument [Line Items]
Initial maturity date	Apr. 19, 2014
Final maturity date	Apr. 19, 2015
Loan commitments outstanding	6,005,000	6,855,000
Notes payable [Member]
Debt Instrument [Line Items]
Interest capitalized to real estate inventories	$ 734,000		$ 172,000

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Stock-Based Compensation - Summary of Stock Option and Restricted Stock Unit Grant Activity Information (Detail) (USD $)	3 Months Ended
	Mar. 31, 2013
Stock option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares	285,900
Weighted Average Exercise Price Per Share	$ 17.04
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Number of Shares	147,988
Weighted Average Exercise Price Per Share	$ 17.73

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CONDENSED CONSOLIDATED BALANCE SHEETS (Parenthetical) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Preferred stock, par value	$ 0.01
Preferred stock, shares authorized	50,000,000
Preferred stock, shares outstanding
Common stock, par value	$ 0.01
Common stock, shares authorized	500,000,000
Common stock, shares issued	31,597,907
Common stock, shares outstanding	31,597,907

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Stock-Based Compensation

3 Months Ended

Mar. 31, 2013

Stock-Based Compensation

7. Stock-Based Compensation

The Company’s stock compensation plan, the 2013 Long-Term Incentive Plan (“2013 Incentive Plan”), was adopted by our board of directors in January 2013. The 2013 Incentive Plan provides for the grant of equity-based awards, including options to purchase shares of common stock, stock appreciation rights, common stock, restricted stock, restricted stock units and performance awards. The 2013 Incentive Plan will automatically expire on the tenth anniversary of its effective date. Our board of directors may terminate or amend the 2013 Incentive Plan at any time, subject to any requirement of stockholder approval required by applicable law, rule or regulation.

The number of shares of our common stock that may be issued under the 2013 Incentive Plan is 2,527,833 shares. To the extent that shares of our common stock subject to an outstanding option, stock appreciation right, stock award or performance award granted under the 2013 Incentive Plan or any predecessor plan are not issued or delivered by reason of the expiration, termination, cancellation or forfeiture of such award or the settlement of such award in cash, then such shares of our common stock generally shall again be available under our the 2013 Incentive Plan.

The Company has issued stock option awards and restricted stock unit awards against the 2013 Incentive Plan. The exercise price of our stock-based awards may not be less than the market value of our common stock on the date of grant. The fair value for stock options is established at the date of grant using the Black-Scholes model for time based vesting awards. Our stock option awards typically vest over a one to three year period and expire ten years from the date of grant. Our restricted stock awards are valued based on the closing price of our common stock on the date of grant and typically vest over a one to three year period.

The following table presents the stock option and restricted stock unit grant activity for the three months ended March 31, 2013:

	Number of Shares		Weighted Average Exercise Price Per Share
Stock options granted		285,900	$	17.04
Restricted stock units granted		147,988	$	17.73

Upon completion of the Company’s IPO on January 31, 2013, the Company granted an aggregate of 282,201 stock options and 71,176 restricted stock units to members of the management team, officers and directors. On March 1, 2013, the Company granted an aggregate of 72,300 restricted stock units to its employees. Each of the aforementioned awards ratably vest annually on the anniversary of the grant date over a three year period. On March 21, 2013, the Company granted an aggregate of 3,699 stock options and 4,512 restricted stock units to members of our independent Board of Directors as part of their annual compensation as directors. 100% of the awards cliff vest on the one year anniversary of the grant date. There were no stock option exercises, restricted stock unit vesting or forfeitures during the three months ended March 31, 2013. There were no grants of stock-based awards in 2012.

On September 24, 2010, the Company granted equity based incentive units to management. In connection with the IPO, the incentive units converted into shares of common stock. The recipients of the equity based incentive units have all the rights of a stockholder, including the rights to vote those shares and receive any dividends or distributions made with respect to those shares and any shares or other property received in respect of those shares; provided, however, any non-cash dividend or distribution with respect to the common stock shall be subject to the same vesting provisions as the incentive units. The vesting terms of the equity based incentive units are as follows: (1)18.75% of such units vested, subject to limitation in (3) below on the date following the first-year anniversary of the date of such officer’s employment; (2) 56.25% of such units vest, subject to limitation in (3) below in equal quarterly installments between the first and fourth-year anniversary of the date of such officer’s employment; (3) 25% of the awards granted in (1) and (2) will vest upon a liquidity event as defined; and (4) 25% of such units will be converted into a number of shares of restricted stock prior to a liquidity event, as defined. The grant-date fair value of the equity based incentive units granted during the period ended December 31, 2010 was $3.3 million.

The following table presents compensation expense recognized related to all stock-based awards (in thousands):

	Three Months Ended March  31,
	2013		2012
Stock options	$	109	$	—
Restricted stock units		102		—
Equity based incentive units		116		116
Total stock-based compensation	$	327	$	116

The following table presents the remaining unrecognized compensation expense related to all stock-based awards and the weighted term over which the expense will be recognized (dollars in thousands):

	March 31, 2013
	Unrecognized Expense		Weighted Average Period (Years)
Stock options	$	1,872		2.8
Restricted stock units		2,455		2.8
Equity based incentive units		2,147		1.5
Total stock-based compensation	$	6,474		1.7

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CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Net income (loss)	$ 270	$ (1,143)
Unrealized gains on marketable securities:
Unrealized holding gains arising during the period	101
Reclassification adjustment for gains included in net income	(40)
Unrealized gains on marketable securities, net	61
Comprehensive income (loss)	$ 331	$ (1,143)

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CONDENSED CONSOLIDATED BALANCE SHEETS (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Assets
Cash and cash equivalents	$ 71,215	$ 19,824
Marketable securities	60,101
Real estate inventories	245,162	194,083
Contracts and accounts receivable	1,276	548
Other assets	1,958	3,061
Total Assets	379,712	217,516
Liabilities and Equity
Accounts payable and accrued liabilities	13,597	10,995
Notes payable	60,896	57,368
Total Liabilities	74,493	68,363
Commitments and contingencies (Note 6)
Equity:
Members equity		149,153
Stockholders' equity:
Preferred stock, $0.01 par value, 50,000,000 shares authorized, no shares outstanding
Common stock, $0.01 par value, 500,000,000 shares authorized, 31,597,907 shares issued and outstanding as of March 31, 2013	316
Additional paid-in capital	308,834
Accumulated deficit	(3,992)
Accumulated other comprehensive income	61
Total Stockholders' equity	305,219
Total Equity	305,219	149,153
Total Liabilities and Equity	$ 379,712	$ 217,516

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Real Estate Inventories and Capitalized Interest - Summary of Real Estate Inventories (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Inventories owned:
Deposits and pre-acquisition costs	$ 16,929	$ 12,285
Land held and land under development	158,025	129,621
Homes completed or under construction	57,994	40,955
Model homes	12,214	11,222
Total real estate inventories	$ 245,162	$ 194,083

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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Stock Option and Restricted Stock Unit Grant Activity Information

The following table presents the stock option and restricted stock unit grant activity for the three months ended March 31, 2013:

	Number of Shares		Weighted Average Exercise Price Per Share
Stock options granted		285,900	$	17.04
Restricted stock units granted		147,988	$	17.73

Summary of Compensation Expense Recognized Related to all Stock-Based Awards

The following table presents compensation expense recognized related to all stock-based awards (in thousands):

	Three Months Ended March  31,
	2013		2012
Stock options	$	109	$	—
Restricted stock units		102		—
Equity based incentive units		116		116
Total stock-based compensation	$	327	$	116

Unrecognized Compensation Expense Related to all Stock-Based Awards

The following table presents the remaining unrecognized compensation expense related to all stock-based awards and the weighted term over which the expense will be recognized (dollars in thousands):

	March 31, 2013
	Unrecognized Expense		Weighted Average Period (Years)
Stock options	$	1,872		2.8
Restricted stock units		2,455		2.8
Equity based incentive units		2,147		1.5
Total stock-based compensation	$	6,474		1.7

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Stock-Based Compensation - Unrecognized Compensation Expense Related to all Stock-Based Awards (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	$ 6,474
Weighted Average Period (Years)	1 year 8 months 12 days
Stock options [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	1,872
Weighted Average Period (Years)	2 years 9 months 18 days
Restricted stock units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	2,455
Weighted Average Period (Years)	2 years 9 months 18 days
Equity based incentive units [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized Expense	$ 2,147
Weighted Average Period (Years)	1 year 6 months

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Commitment and Contingencies - Additional Information (Detail) (USD $)	Mar. 31, 2013	Dec. 31, 2012
Commitment And Contingencies [Line Items]
Accruals for asserted or unasserted matters	$ 0	$ 0
Surety bonds [Member]
Commitment And Contingencies [Line Items]
Outstanding surety bonds	$ 15,700,000	$ 11,900,000

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Stock-Based Compensation - Additional Information (Detail) (USD $) In Millions, except Share data, unless otherwise specified	1 Months Ended		3 Months Ended		1 Months Ended		1 Months Ended					3 Months Ended					1 Months Ended
	Mar. 31, 2013	Sep. 24, 2010	Mar. 31, 2013 Stock option [Member]	Mar. 31, 2013 Restricted stock units [Member]	Sep. 24, 2010 Equity based incentive units [Member]	Dec. 31, 2010 Equity based incentive units [Member]	Mar. 21, 2013 Management team, officers and directors [Member] Stock option [Member]	Jan. 31, 2013 Management team, officers and directors [Member] Stock option [Member]	Jan. 31, 2013 Management team, officers and directors [Member] Restricted stock units [Member]	Mar. 01, 2013 Employees [Member] Restricted stock units [Member]	Mar. 21, 2013 Board of Directors [Member] Restricted stock units [Member]	Mar. 31, 2013 Minimum [Member] Stock option [Member]	Mar. 31, 2013 Minimum [Member] Restricted stock units [Member]	Mar. 31, 2013 Maximum [Member] Stock option [Member]	Mar. 31, 2013 Maximum [Member] Restricted stock units [Member]	Mar. 31, 2013 2013 Incentive Plan [Member]	Sep. 24, 2010 First-year anniversary [Member] Equity based incentive units [Member]	Sep. 24, 2010 First and fourth-year anniversary [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock																2,527,833
Vesting period												1 year	1 year	3 years	3 years
Expiration from the date of grant			10 years
Aggregate Stock options granted			285,900	147,988			3,699	282,201	71,176	72,300	4,512
Percentage of awards cliff vest	100.00%
Vesting terms description					The vesting terms of the equity based incentive units are as follows: (1)18.75% of such units vested, subject to limitation in (3) below on the date following the first-year anniversary of the date of such officer’s employment; (2) 56.25% of such units vest, subject to limitation in (3) below in equal quarterly installments between the first and fourth-year anniversary of the date of such officer’s employment; (3) 25% of the awards granted in (1) and (2) will vest upon a liquidity event as defined; and (4) 25% of such units will be converted into a number of shares of restricted stock prior to a liquidity event, as defined
Equity based incentive granted						$ 3.3
Vested units																	18.75%	56.25%
Awards granted		25.00%

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Commitments and Contingencies

3 Months Ended

Mar. 31, 2013

Commitments and Contingencies

6. Commitments and Contingencies

Lawsuits, claims and proceedings have been or may be instituted or asserted against us in the normal course of business, including actions brought on behalf of various classes of claimants. We are also subject to local, state and federal laws and regulations related to land development activities, house construction standards, sales practices, employment practices and environmental protection. As a result, we are subject to periodic examinations or inquiry by agencies administering these laws and regulations.

We record a reserve for potential legal claims and regulatory matters when they are probable of occurring and a potential loss is reasonably estimable. We accrue for these matters based on facts and circumstances specific to each matter and revise these estimates when necessary.

In view of the inherent difficulty of predicting outcomes of legal claims and related contingencies, we generally cannot predict their ultimate resolution, related timing or eventual loss. If our evaluations indicate loss contingencies that could be material are not probable, but are reasonably possible, we will disclose their nature with an estimate of possible range of losses or a statement that such loss is not reasonably estimable. At March 31, 2013 and December 31, 2012, the Company did not have any accruals for asserted or unasserted matters.

We obtain surety bonds in the normal course of business to ensure completion of certain infrastructure improvements of our projects. As of March 31, 2013 and December 31, 2012, the Company had outstanding surety bonds totaling $15.7 million and $11.9 million, respectively. The beneficiaries of the bonds are various municipalities. In the unlikely event that any such surety bond issued by third parties are called because the required improvements are not completed, the Company could be obligated to reimburse the issuer of the bond.

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Real Estate Inventories and Capitalized Interest - Summary of Interest Incurred, Capitalized and Expensed (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Real Estate Inventory, Capitalized Interest Costs [Roll Forward]
Interest incurred	$ 734	$ 172
Interest expensed
Capitalized interest in beginning inventory	1,364	159
Interest capitalized as a cost of inventory	734	172
Interest previously capitalized as a cost of inventory, included in cost of sales	(256)	(57)
Capitalized interest in ending inventory	$ 1,842	$ 274

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Segment Information - Summary of Financial Information Relating to Reportable Segments (Detail) (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012	Dec. 31, 2012
Revenues
Total revenues	$ 27,888	$ 4,653
Gross profit
Gross profit	4,814	516
Assets
Building assets	379,712		217,516
Homebuilding [Member]
Revenues
Total revenues	23,857	4,588
Gross profit
Gross profit	4,408	516
Assets
Building assets	378,564		216,667
Fee building [Member]
Revenues
Total revenues	4,031	65
Gross profit
Gross profit	406
Assets
Building assets	$ 1,148		$ 849

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Segment Information

3 Months Ended

Mar. 31, 2013

Segment Information

9. Segment Information

The Company’s operations are organized into two reportable segments: homebuilding and construction services. In accordance with ASC 280, Segment Reporting, in determining the most appropriate reportable segments, we considered similar economic and other characteristics, including product types, average selling prices, gross profits, production processes, suppliers, subcontractors, regulatory environments, land acquisition results, and underlying demand and supply.

Operational results of each reportable segment are not necessarily indicative of the results that would have been achieved had the reportable segment been an independent, stand-alone entity during the periods presented. Financial information relating to reportable segments was as follows (in thousands):

	Three Months Ended March  31,
	2013		2012
Revenues
Homebuilding	$	23,857	$	4,588
Fee building		4,031		65
Total	$	27,888	$	4,653
Gross profit
Homebuilding	$	4,408	$	516
Fee building		406		—
Total	$	4,814	$	516
	March 31, 2013		December 31, 2012
Assets
Homebuilding	$	378,564	$	216,667
Fee building		1,148		849
Total	$	379,712	$	217,516

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Fair Value Disclosures

3 Months Ended

Mar. 31, 2013

Fair Value Disclosures

5. Fair Value Disclosures

ASC 820, Fair Value Measurements and Disclosures, defines fair value as the price that would be received for selling an asset or paid to transfer a liability in an orderly transaction between market participants at measurement date and requires assets and liabilities carried at fair value to be classified and disclosed in the following three categories:

• Level 1—Quoted prices for identical instruments in active markets

• Level 2—Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are inactive; and model-derived valuations in which all significant inputs and significant value drivers are observable in active markets at measurement date

• Level 3—Valuations derived from techniques where one or more significant inputs or significant value drivers are unobservable in active markets at measurement date

The following table presents book values and estimated fair values of financial instruments (in thousands):

	Hierarchy		March 31, 2013				December 31, 2012
			Cost		Fair Value		Cost		Fair Value
Marketable Securities(1)		Level 1	$	60,040	$	60,101	$	—	$	—
Notes payable
Revolving credit facility(2)		Level 3	$	6,005	$	6,005	$	6,855	$	6,855
Acquisition and development loans(2)		Level 3		33,616		33,616		37,996		37,996
Construction loans(2)		Level 3		21,275		21,275		12,517		12,517
Total notes payable			$	60,896	$	60,896	$	57,368	$	57,368

⁽¹⁾ Marketable securities consist of mutual fund equity securities with quoted prices in active markets. As of March 31, 2013, the Company’s marketable securities were treated as available-for-sale investments and changes in fair value were recorded as a component of accumulated other comprehensive income. As of March 31, 2013, the Company’s marketable securities were in an unrealized gain position of $61,000. During the three months ended March 31, 2013, the Company realized $40,000 in gains from the sale of marketable securities that was recorded to other income, net in the consolidated statements of operations. The Company did not hold any marketable securities as of December 31, 2012.

⁽²⁾  Estimated fair values of the outstanding revolving credit facility, acquisition and development loans, and construction loans at March 31, 2013 and December 31, 2012 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. Due to the short term nature of the revolving credit facility, acquisition and development loans and construction loans, book value approximated fair value at March 31, 2013 and December 31, 2012.

Nonfinancial assets and liabilities include items such as inventory and long lived assets that are measured at fair value when acquired and resulting from impairment, if deemed necessary. During the three months ended March 31, 2013 and 2012, the Company did not record any fair value adjustments to those financial and nonfinancial assets and liabilities measured at fair value on a nonrecurring basis.

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $) In Thousands, unless otherwise specified	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Cash flows from operating activities
Net income (loss)	$ 270	$ (1,143)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Amortization of contracts intangible		36
Depreciation	45	30
Amortization of stock-based compensation	327	116
Gain on sale marketable securities	(40)
Changes in operating assets and liabilities:
Real estate inventories	(51,079)	(17,765)
Contracts and accounts receivable	(728)	(398)
Other assets	1,187	(173)
Accounts payable and accrued liabilities	2,602	(1,637)
Net cash used in operating activities	(47,416)	(20,934)
Cash flows from investing activities
Purchases of furniture and equipment	(129)	(38)
Purchases of marketable securities	(125,000)
Sales of marketable securities	65,000
Net cash used in investing activities	(60,129)	(38)
Cash flows from financing activities
Net proceeds from issuance of common stock	155,408
Cash contributions from member		14,000
Financial advisory fee paid on capital raised		(490)
Borrowings from notes payable	24,575	13,624
Repayments of notes payable	(21,047)	(2,764)
Net cash provided by financing activities	158,936	24,370
Net increase in cash and cash equivalents	51,391	3,398
Cash and cash equivalents - beginning of period	19,824	10,164
Cash and cash equivalents - end of period	71,215	13,562
Supplemental disclosure of cash flow information
Interest paid, net of amounts capitalized

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Fair Value Disclosures - Book Values and Estimated Fair Values of Financial Instruments (Detail) (USD $) In Thousands, unless otherwise specified	Mar. 31, 2013	Dec. 31, 2012
Notes payable
Notes payable, Cost	$ 60,896	$ 57,368
Notes payable, Fair Value	60,896	57,368
Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Marketable Securities, Cost	60,040
Notes payable
Marketable Securities, Fair Value	60,101
Revolving credit facility [Member] | Level 3 [Member]
Notes payable
Notes payable, Cost	6,005	6,855
Notes payable, Fair Value	6,005	6,855
Acquisition and development loans [Member]
Notes payable
Notes payable, Cost	33,616	37,996
Acquisition and development loans [Member] | Level 3 [Member]
Notes payable
Notes payable, Cost	33,616	37,996
Notes payable, Fair Value	33,616	37,996
Construction loans [Member]
Notes payable
Notes payable, Cost	21,275	12,517
Construction loans [Member] | Level 3 [Member]
Notes payable
Notes payable, Cost	21,275	12,517
Notes payable, Fair Value	$ 21,275	$ 12,517

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Earnings (Loss) Per Share (Tables)

3 Months Ended

Mar. 31, 2013

Computation of Basic and Diluted Earnings (Loss) Per Share

The following table sets forth the components used in the computation of basic and diluted earnings (loss) per share (dollars in thousands, except per share amounts):

	Three Months Ended March 31,
	2013		2012
Numerator:
Net income (loss)	$	270	$	(1,143	)
Denominator:
Basic weighted-average shares outstanding		28,264,574		12,764,490
Effect of dilutive shares:
Stock options and unvested restricted stock units(1)		9,614		—
Diluted weighted-average shares outstanding		28,274,188		12,764,490
Basic income (loss) per share	$	0.01	$	(0.09	)
Diluted income (loss) per share(1)	$	0.01	$	(0.09	)
Antidilutive stock options not included in diluted income per share		452		—

⁽¹⁾  For periods with a net loss, no stock options or non-vested shares are included in the dilution calculation as all options and non-vested shares outstanding are considered antidilutive.

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Income Taxes

3 Months Ended

Mar. 31, 2013

Income Taxes

8. Income Taxes

The Company accounts for income taxes in accordance with ASC 740, which requires an asset and liability approach for measuring deferred taxes based on temporary differences between the financial statements and tax bases of assets and liabilities existing at each balance sheet date using enacted tax rates for the years in which taxes are expected to be paid or recovered.

As discussed in Note 1, during 2012 and for the first 30 calendar days of 2013, the Company was a Delaware limited liability company which was treated as partnership for income tax purposes and was subject to certain minimal taxes and fees; however, income taxes on taxable income or losses realized by the Company were the obligation of the members. The Company has concluded that there were no significant uncertain tax positions requiring recognition in its financial statements, nor has the Company been assessed interest or penalties by any major tax jurisdictions related to the first 30 calendar days of 2013 or fiscal 2012.

On January 30, 2013, the Company reorganized from a Delaware limited liability company into a Delaware corporation and was renamed TRI Pointe Homes, Inc. As of March 31, 2013, the Company recorded a tax provision of $73,000 based on an effective tax rate of 42% on the pretax income generated for the period from January 31, 2013 to March 31, 2013.

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Fair Value Disclosures (Tables)

3 Months Ended

Mar. 31, 2013

Book Values and Estimated Fair Values of Financial Instruments

The following table presents book values and estimated fair values of financial instruments (in thousands):

	Hierarchy		March 31, 2013				December 31, 2012
			Cost		Fair Value		Cost		Fair Value
Marketable Securities(1)		Level 1	$	60,040	$	60,101	$	—	$	—
Notes payable
Revolving credit facility(2)		Level 3	$	6,005	$	6,005	$	6,855	$	6,855
Acquisition and development loans(2)		Level 3		33,616		33,616		37,996		37,996
Construction loans(2)		Level 3		21,275		21,275		12,517		12,517
Total notes payable			$	60,896	$	60,896	$	57,368	$	57,368

⁽¹⁾ Marketable securities consist of mutual fund equity securities with quoted prices in active markets. As of March 31, 2013, the Company’s marketable securities were treated as available-for-sale investments and changes in fair value were recorded as a component of accumulated other comprehensive income. As of March 31, 2013, the Company’s marketable securities were in an unrealized gain position of $61,000. During the three months ended March 31, 2013, the Company realized $40,000 in gains from the sale of marketable securities that was recorded to other income, net in the consolidated statements of operations. The Company did not hold any marketable securities as of December 31, 2012.

⁽²⁾  Estimated fair values of the outstanding revolving credit facility, acquisition and development loans, and construction loans at March 31, 2013 and December 31, 2012 were based on cash flow models discounted at market interest rates that considered underlying risks of the debt. Due to the short term nature of the revolving credit facility, acquisition and development loans and construction loans, book value approximated fair value at March 31, 2013 and December 31, 2012.

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Real Estate Inventories and Capitalized Interest (Tables)

3 Months Ended

Mar. 31, 2013

Summary of Real Estate Inventories

Real estate inventories consisted of the following (in thousands):

	March 31, 2013		December 31, 2012
Inventories owned:
Deposits and pre-acquisition costs	$	16,929	$	12,285
Land held and land under development		158,025		129,621
Homes completed or under construction		57,994		40,955
Model homes		12,214		11,222
	$	245,162	$	194,083

Summary of Interest Incurred, Capitalized and Expensed

Interest incurred, capitalized and expensed were as follows (in thousands):

	Three Months Ended March 31,
	2013			2012
Interest incurred	$	734		$	172
Interest expensed		—			—
Capitalized interest in beginning inventory	$	1,364		$	159
Interest capitalized as a cost of inventory		734			172
Interest previously capitalized as a cost of inventory, included in cost of sales		(256	)		(57	)
Capitalized interest in ending inventory	$	1,842		$	274

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Document and Entity Information	3 Months Ended
	Mar. 31, 2013	Apr. 01, 2013
Entity Information [Line Items]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Mar. 31, 2013
Document Fiscal Year Focus	2013
Document Fiscal Period Focus	Q1
Trading Symbol	TPH
Entity Registrant Name	TRI Pointe Homes, Inc.
Entity Central Index Key	0001561680
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		31,597,907

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Notes Payable (Tables)

3 Months Ended

Mar. 31, 2013

Components of Notes Payable

Notes payable consisted of the following (in thousands):

	March 31, 2013		December 31, 2012
Revolving credit facility	$	6,005	$	6,855
Acquisition and development loans		33,616		37,996
Construction loans		21,275		12,517
	$	60,896	$	57,368