The New Home Company continues to expand in Arizona


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SCOTTSDALE, Arizona – (COMMERCIAL THREAD) –The company of the new house (NEW HOME, NYSE: NWHM) continues to expand in Arizona. Since starting operations in the state in 2016, the home builder has strategically increased its presence in the Phoenix market through the acquisition of land in highly desirable master plans and in areas ready for growth. His projects have won awards for planning and design, helping the company to market itself and become a go-to builder for homebuyers in the region.

As NEW HOME enjoys success in its communities in the greater Phoenix, it announced today that it will soon be making its debut at Mesa. Construction is well advanced on Element in Eastmark, where NEW HOME will build 135 detached single-family homes, with an opening and sales launch slated for this summer. Eastmark, developed by Brookfield Residential and DMB Inc., is the best-selling master plan in the East Valley and the second-best-selling community in all of Arizona according to John Burns Real Estate Consulting.

Element will consist of spacious two-story homes and provide a quaint sanctuary surrounded by an abundance of outdoor activities and neighborhood connectivity. The homes, designed in Mediterranean, contemporary farmhouse and Monterey architectural styles, will range in size from 1,559 to 1,965 square feet with garages for two cars, up to four bedrooms and three bathrooms.

Ideal for first-time buyers and those who work from home, Element will offer NEW HOME EVO Home Tech Pack, allowing homeowners to personalize their homes with progressive living and smart home solutions. In addition, all Element homes are Energy Star and Indoor airPLUS certified, offering higher standards of energy efficiency and better indoor air quality. Prices are expected to start in the middle of the $ 300,000.

“Element will be one of Eastmark’s more affordable offerings, so we believe it is well positioned to attract buyers looking to be part of a vibrant, close-to-job community with an abundance of family-friendly activities. “said Christopher Cady. , Arizona division president for NEW HOME. “We are thrilled to be a part of Eastmark and look forward to supporting the community’s position as one of the best-selling blueprints, not only in Arizona, but across the country. ”

Element is the latest NEW HOME collection to take shape in the Phoenix area, joining Mosaic at Layton Lakes in Gilbert; Centella in Estrella in Goodyear and Mariposa in Chandler, all of which debuted in 2020 and are selling exceptionally well.

Since its model home debut at the end of May 2020 at Mosaic in Gilbert, NEW HOME to this day sells townhouses and apartments in three residential collections. Mosaic offers a diverse mix of housing types in three distinct neighborhoods including The Towns priced at $ 400,000; The Flats from $ 400,000 and The Rows from $ 300,000. NEW HOME has attracted a wide range of buyers to Mosaic, from empty nesters and young families to new owners. A total of nine model homes are now open and available for private appointment visits.

Centella at Estrella, which opened in August 2020, consists of 80 two-story single-family homes with up to 2,832 square feet in one of the West Valley’s top destinations. With prices starting at $ 300,000, buyers can choose from five floor plans with up to five bedrooms and a range of architectural styles, including Modern Prairie and Desert Contemporary, with interior upgrades and finishes available through the NEW HOME’s on-site design studio.

In September, NEW HOME introduced Mariposa to Chandler, a part of the Southeast Valley which is the fastest growing area in Metro Phoenix with thousands of tech jobs and d other growing industries. Close to great shopping and entertainment, Mariposa has three neighborhoods, each with a distinct product type. The towns include 106 semi-detached townhouses with prices starting in the middle of $ 300,000; The courts are offering 38 houses bundled with prices of around $ 300,000; and Cottages is made up of 55 single family residences with prices starting at $ 500,000.

“Establishing cutting-edge design in every market we build is a key part of NEW HOME’s credo,” said Leonard Miller, NEW HOME President and CEO. “For us, it starts with careful selection of the land we buy. Then, we partner with the best architects and design companies to create the most thoughtful homes for every community we build. We have been fortunate to acquire special land in the Phoenix area and are delighted with our success here. We look forward to more success with Element, but more importantly to deliver a product our buyers will be proud to call home. ”

For more information and to join the Element Register of Interest, please visit www.ElementNWHM.com.

About The New Home Company

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, Arizona and Colorado, including the Southern California Coast, the San Francisco Bay Area, the Sacramento Metro, Phoenix, and Denver.

NEW HOME was named 2019 Builder of the Year by Professional builder and is a multi-year recipient of “The Eliant” for providing the Better overall customer experience in North America at the Eliant Homebuyers’ Choice Awards. NEW HOME has won hundreds of awards in the home construction industry for excellence in design and planning, dozens of “Community of the Year” awards and has been recognized five years in a row for creating the best community or the best master plan in all of the United States. For more information visit NWHM.com.

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