The New Home Company Announces Premiere of The Residences & Villas Models at Mountain Shadows Resort, its First Community in ...

Luxury homebuilder will debut model homes in picturesque Paradise Valley at the base of Camelback Mountain during grand opening weekend of April 22, 2017.

The New Home Company (NEW HOME) (NYSE: NWHM) today announced the opening and its debut of model homes for The Residences and Villas at Mountain Shadows Resort in Paradise Valley during the weekend of April 22, 2017.

Mountain Shadows is the latest community of resort residences to be built in Paradise Valley, which is situated at the base of the iconic Camelback Mountain. The community is NEW HOME’s initial offering in the Phoenix market. The Company, which is headquartered in Aliso Viejo, Calif. and was named the second-fastest growing public homebuilder in the United States last year, opened its Arizona division in early 2016.

NEW HOME is showcasing two distinct architectural designs at Mountain Shadows: The Residences and Villas. The homes feature desert contemporary design interpretations with streamlined styling, dramatic levered roof lines, natural and urban textures, open floor plans and outdoor living spaces that take advantage of the surrounding mountain and desert views.

The Residences, designed by JZMK Partners, is comprised of 14 single-family homes ranging from 3,049 to 3,915 square feet with three to four bedrooms, up to four and one-half baths and two-car garages. The Residences are priced from the low $2 millions.

The Villas, also designed by JZMK Partners, will offer 52 single-story condominiums ranging from 2,501 to 3,615 square feet with three bedrooms, up to three and one-half baths, two-car garages, private elevator for the upper units and large outdoor living courtyards and decks. These homes are priced from the low $1 millions.

Homebuyers at both the Residences and Villas will have the opportunity to work with NEW HOME’s exclusive on-site Design Studio to personalize their residence and select the finishes and options that meet their needs and desires. All homeowners have full access to amenities such as golf, health and wellness facilities, hiking trails and dining at the newly grand opened Mountain Shadows Resort.

“Our community is situated in one of the most ideal locations in all of Arizona, so for this to be our first to open in the region is special,” said CEO Larry Webb of NEW HOME. “Those who visit our models will see that we’ve put the utmost thought and care into the design of these homes to optimize unparalleled mountain views and offer the finest in luxury resort living. It’s an exciting time to be a part of Mountain Shadows and we look forward to welcoming our first residents this summer.”

For more information on the new homes at Mountain Shadows and to join the Interest Registry, please visit www.NWHMArizona.com.

About The New Home Company

NEW HOME is a publicly traded company listed on the New York Stock Exchange under the symbol “NWHM.” It is a new generation homebuilder focused on the design, construction and sale of innovative and consumer-driven homes in major metropolitan areas within select growth markets in California and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and Phoenix. NEW HOME is a multi-year recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. In 2017, NEW HOME won a total of 22 Eliant Awards, the highest number earned by a home builder in this year's competition. For two years in a row, NEW HOME has been named to the Inc. Magazine Founders 40 list, recognizing newly public companies that have maintained a strong entrepreneurial spirit. For more information about the company or its current new-home offerings, visit www.NWHM.com.

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Paolucci Salling & Martin Communication Arts | Public RelationsMike Hoye(310) 346-0845 (mobile)[e-mail]