UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

o

Rule 13d-1(b)

o

Rule 13d-1(c)

x

Rule 13d-1(d)

CUSIP No. 645370107

SCHEDULE 13G

1.

Names of Reporting Persons
Watt/TNHC LLC

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

(a)

x

(b)

o

3.

SEC Use Only

4.

Citizenship or Place of Organization
California

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
662,743*

6.

Shared Voting Power
7,959,495**

7.

Sole Dispositive Power
662,743*

8.

Shared Dispositive Power
0

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
662,743

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  x

Row (9) excludes amounts directly owned by Separately Filing Group Members.

11.

Percent of Class Represented by Amount in Row (9)
3.2%***

12.

Type of Reporting Person (See Instructions)
OO

* Consists of shares of The New Home Company Inc. (the “Issuer”) Common Stock, par value $0.01 per share (the “Common Stock”), held directly by Watt/TNHC LLC (“Watt”).

** Consists of the aggregate number of shares of Common Stock beneficially owned by Watt and the Separately Filing Group Members (as defined in this Schedule 13G), without duplication. Watt 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. Watt disclaims beneficial ownership of the shares held by the Separately Filing Group Members except to the extent of any pecuniary interest therein.

*** Based on 20,876,623 shares of Common Stock issued and outstanding as of October 25, 2017, as reported by the issuer on its most recent Form 10-Q filed October 27, 2017.

CUSIP No. 645370107

SCHEDULE 13G

Item 1.

(a)

Name of Issuer:
The New Home Company Inc.

(b)

Address of Issuer’s Principal Executive Offices:
85 Enterprise, Suite 450, Aliso Viejo, California 92656

Item 2.

(a)

Name of Person Filing:
Watt/TNHC LLC

(b)

Address of Principal Business Office or, if none, Residence:
2716 Ocean Boulevard, Suite 2025, Santa Monica, CA 90405

(c)

Citizenship:
A California limited liability company

(d)

Title of Class of Securities:
Common stock, par value $0.01 per share

(e)

CUSIP Number:
645370107

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E).

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F).

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G).

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813).

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3).

(j)

o

Group, in accordance with § 240.13d-1(b)(1)(ii)(J).

Not applicable

CUSIP No. 645370107

SCHEDULE 13G

Item 4.

Ownership.

Reference is made to Items 5-9 and 11 and the footnotes thereto on page 2 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 is based solely on the information contained in the filings made by the Separate Filing Members on or around the date hereof to report their beneficial ownership of shares of Common Stock within the meaning of Rule 13d-3.

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

The Reporting Persons may be deemed to be members of a “group,” within the meaning of Section 13(d)(3) of trhe Act, comprised of the Reporting Persons and the other persons referred to on Exhibit A attached to this Schedule 13G (the “Separately Filing Group Members”). It is the understanding of the Reporting Persons that the Separately Filing Group Members will or have filed separate reports to report their beneficial ownership of shares of Common Stock.

Item 9.

Notice of Dissolution of Group.

Not applicable.

CUSIP No. 645370107

SCHEDULE 13G

Item 10.

Certification.

Not applicable.

Date: February 14, 2018

Watt/TNHC LLC,

A California limited liability company

By:

Watt Residential LLC,

A California limited liability company,

Its Managing Member

By:

/s/ Howard Press

Howard Press, President

ATTENTION

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

CUSIP No. 645370107

SCHEDULE 13G