SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
X	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* TCN/TNHC LP (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol New Home Co Inc. [ NWHM ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director 10% Owner Officer (give title below) X Other (specify below) See "Remarks"below.
	3. Date of Earliest Transaction (Month/Day/Year) 05/22/2018
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* TCN/TNHC LP (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See "Remarks"below.

1. Name and Address of Reporting Person* TCN/TNHC GP LLC (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TRICON HOUSING PARTNERS US II EQUITY HOLDINGS LP (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TRICON HOUSING PARTNERS US II GP LLC (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* TRICON USA INC. (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See "Remarks" below.

1. Name and Address of Reporting Person* TRICON HOLDINGS USA LLC (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See Remarks

1. Name and Address of Reporting Person* TRICON US TOPCO LLC (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* TRICON HOLDINGS CANADA INC. (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

1. Name and Address of Reporting Person* Tricon Capital Group Inc. (Last) (First) (Middle) 1067 YONGE STREET (Street) TORONTO A6 M4W2L2 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director 10% Owner Officer (give title below) X Other (specify below) See remarks

Explanation of Responses:

Remarks:

This "exit" Form 4 is filed solely to report that the Reporting Persons are no longer subject to Section 16 with respect to the Issuer. TCN/TNHC LP formerly was a party to an Investor Rights Agreement with Joseph Davis, H. Lawrence Webb, Wayne Stelmar, Thomas Redwitz, IHP Capital Partners VI, LLC, and Watt/TNHC LLC (collectively, "Group Members"), dated February 5, 2014, which was filed as Exhibit 4.2 of the Company's Annual Report on Form 10-K for the year ended December 31, 2013. Pursuant to this Investor Rights Agreement, the entity-parties thereto have the right to designate directors for nomination and each of the Group Members has agreed to vote in favor of particular nominees as described in such Investor Rights Agreement. On May 22, 2018, TCN/TNHC LP and the other parties to this Investor Rights Agreement entered into an amendment that, among other things, terminated the agreement as to TCN/TNHC LP, which amendment was filed as Exhibit 10.1 of the Company's Current Report on Form 8-K filed on May 23, 2018. As a result, TCN/TNHC LP no longer is a party to this Investor Rights Agreement and no longer may be deemed to be a member of a group with the other Group Members on account thereof.

	/s/ Miek Harbur, Attorney-in-Fact for TCN/TNHC LP	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for TCN/TNHC GP LLC	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for Tricon Housing Partners US II Equity Holdings LP	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for Tricon Housing Partners US II GP LLC	05/25/2018
	/s/ Miek Harbur, Attroney-in-Fact for Tricon USA Inc.	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for Tricon Holdings USA LLC	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for Tricon US Topco LLC	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for Tricon Holdings Canada Inc.	05/25/2018
	/s/ Miek Harbur, Attorney-in-Fact for Tricon Capital Group Inc.	05/25/2018
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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