SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13G

(Rule 13d-102)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT

TO § 240.13d-1(b), (c) AND (d) AND AMENDMENTS THERETO FILED

PURSUANT TO § 240.13d-2

(Amendment No. 2)*

(Name of Issuer)

(Title of Class of Securities)

(CUSIP Number)

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

* Consists of shares of common stock, par value $0.01 per share (the “Common Stock”) of The New Home Company Inc., a Delaware corporation (the “Issuer”) held directly by TCN/TNHC LP, a Delaware limited partnership (“TCG LP”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by TCG LP and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  TCG LP disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCN/TNHC GP LLC, a Delaware limited liability company (“TCG GP”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by TCG GP and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  TCG GP disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon Housing Partners US II Equity Holdings LP, a Delaware limited partnership (“Tricon II”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon II and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon II disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon Housing Partners US II GP LLC, a Delaware limited liability company (Tricon II GP”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon II GP and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon II GP disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA Inc., a Delaware corporation (“Tricon USA”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon USA and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon USA disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings USA LLC, a Delaware limited liability company (“Tricon Holdings”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon Holdings and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon Holdings disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings, whose sole member is Tricon US Topco LLC, a Delaware limited liability company (“Tricon US Topco”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon US Topco and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon US Topco disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings, whose sole member is Tricon US Topco, whose sole member is Tricon Holdings Canada Inc., an Ontario corporation (“Tricon Canada”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon Canada and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon Canada disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

* Consists of shares of Common Stock of the Issuer held directly by TCG LP, whose general partner is TCG GP, whose sole member is Tricon II, whose general partner is Tricon II GP, whose sole member is Tricon USA, whose sole shareholder is Tricon Holdings, whose sole member is Tricon US Topco, whose sole member is Tricon Canada, whose sole shareholder is Tricon Capital Group Inc., an Ontario corporation (“Tricon”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Tricon and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication.  TCG LP has entered into certain agreements with the Separately Filing Group Members that provide for, among other things, director nomination rights and voting agreements with respect to the Common Stock.  As a result, the Reporting Persons and the Separately Filing Group Members may be deemed to be members of a “group” within the meaning of Section 13(d)(3) of the Act.  Tricon disclaims beneficial ownership of the shares held by the Separately Filing Group Members.

*** Based on (i) 20,711,952 shares of Common Stock issued and outstanding as of September 30, 2016, as reported by Issuer in its most recent Form 10-Q filed November 4, 2016, plus (ii) 6,501 restricted stock units that vested following the date of the Issuer’s most recent Form 10-Q through the filing date, for a total of 20,718,453 shares of Common Stock outstanding.

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

Reference is made to Items 5-9 and 11 and the footnotes thereto on pages 2-10 of this Schedule 13G, which are incorporated by reference herein.  The number of shares of Common Stock beneficially owned by the Separately Filing Group Members (as defined in this Schedule 13G) is based solely on the information contained in the statements filed by the Separately Filing Group Members pursuant to Section 13(d) of the Act and the rules promulgated thereunder.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities check the following o.

If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.

If a parent holding company or control person has filed this schedule, pursuant to § 240.13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.

If a group has filed this schedule pursuant to § 240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.

The Reporting Persons may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of the Act, comprised of the Reporting Persons and the other persons referred to on Exhibit B attached to this Schedule 13G (the “Separately Filing Group Members”).  It is the understanding of the Reporting Persons that the Separately Filing Group Members have filed or are filing separate statements pursuant to Section 13(d) of the Act and the rules promulgated thereunder.

Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. (See Item 5.)

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

February 14, 2017

Exhibit List

Exhibit A

Joint Filing Agreement

In accordance with Rule 13d-1(k) promulgated under the Securities Exchange Act of 1934, the undersigned hereby agree to the joint filing with all other Reporting Persons (as such term is defined in the Schedule 13G referred to below) on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the common stock, par value $0.01 per share, of The New Home Company Inc., a Delaware corporation, and that this Joint Filing Agreement may be included as an exhibit to such Schedule 13G.

IN WITNESS WHEREOF, the undersigned hereby execute this Joint Filing Agreement as of February 14, 2017.

Exhibit B

Separately Filing Group Members

WATT/TNHC LLC, a California limited liability company.

IHP Capital Partners VI, LLC, a Delaware limited liability company.

H. Lawrence Webb.

Wayne J. Stelmar.

Joseph D. Davis.

Thomas Redwitz.