The New Home Company Announces Milestones at Russell Ranch in Folsom, Calif.

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ROSEVILLE, Calif .– (COMMERCIAL THREAD) – After years of thoughtful planning, design and development, The company of the new house (NEW HOME, NYSE: NWHM) announced today that construction of the first homes in Russel Ranch, his planned community located in the hills of Folsom, California.

NEW HOME also announced the selection of early builders at Russell Ranch. The company will be joined by Anthem United and Meritage Homes in the construction of the first three neighborhoods, totaling 317 single-family homes, scheduled to open in early 2020.

Russell Ranch, which is part of the greater Folsom Plan area, has plans for approximately 1,025 homes. As lead developer, NEW HOME brings the same vision and approach to land use planning and design that earned it the “Planned Community of the Year” and associated architectural excellence awards for The Cannery in Davis, McKinley Village in Sacramento and several other neighborhoods. throughout California.

Russell Ranch was designed to respect the natural topography of the land, presenting breathtaking views to the west and south from the future residences. The community is located south of Highway 50, east of Placerville Road and north of White Rock Road within the boundaries of Folsom City. Rooted in the historic authenticity and natural beauty of Folsom, the first four neighborhoods of Russell Ranch will feature traditional single-family homes and courtyard houses of varying styles.

NEW HOME will build Silver Crest, 108 single family homes designed by Woodley Architectural Group ranging from approximately 2,626 to 3,502 square feet with three to five bedrooms and up to four and a half baths. Silver Crest will offer beautiful one- and two-story, three-rise residences, including California Villa, California Wine Country and Modern Pacific.

Anthem United was selected to build Iron Ridge, a collection of 95 single-family homes designed by Woodley Architectural Group. One and two story residences will be approximately 1,779 to 2,953 square feet with two to five bedrooms and up to four and a half bathrooms. Iron Ridge will be offered in four separate floor plans with three beautiful elevations such as Spanish Eclectic, Modern Farmhouse, and California Prairie.

Meritage Homes will build Steel Canyon, a neighborhood of 114 judicial single-family homes. Steel Canyon will feature individual two-story residences designed by JZMK Partners with private backyards in a cluster configuration of six. The homes will be approximately 1,800 to 2,123 square feet with three bedrooms and two and a half bathrooms. Two of the plans have an option for a fourth bedroom and a third bathroom, and each plan includes a large room and a kitchen island for casual dining. The three plans show three elevations, including California Craftsman, Transitional Bungalow, and California Cottage.

“We are delighted to have Anthem United and Meritage Homes on our team of builders at Russell Ranch,” said Kevin Carson, President of Northern California for NEW HOME. “We have worked extremely hard to contribute to an innovative housing concept that will provide new housing opportunities vital to the region. We would like to thank the Town of Folsom, its residents and our development partners for helping us make this place a place so many people will be proud to call home.

Future residents of Russell Ranch will enjoy breathtaking views from many homes, open public spaces, trails, and the community’s private lodge. Facilities at the Russell Ranch will include nearly 10 miles of biking and walking trails with pet rest stations, a future 10-acre neighborhood park, and a future elementary school site. The pavilion will include interior and exterior amenities that will provide a setting for neighborhood gatherings, recreation and fitness, as well as entertainment and dining.

A list of interest for Russell Ranch is forming at www.LiveRussellRanch.com.

About the company New Home

NEW HOME is a company listed on the New York Stock Exchange under the symbol “NWHM”. It is a next-generation homebuilder focused on designing, building and selling innovative, consumer-focused homes in major metropolitan areas in select growing markets in California and Arizona, including the southern California coast, the San Francisco Bay area, the Sacramento and Phoenix subways. NEW HOME is a multi-year recipient of “The Eliant” for Better overall customer experience in the multi-division homebuilder segment of the Eliant Homebuyers’ Choice Award. NEW HOME has been nominated twice for Inc. Magazine List of 40 founders, rewarding public companies that have maintained a strong entrepreneurial spirit. For more information about the company or its current new housing offers, visit www.NWHM.com.


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