The New Home Company Opens On-Site Sales Gallery and Begins Previewing Luxury Residences at Mountain Shadows Resort in Paradise Valley

Construction is now underway on NEW HOME’s initial offering in the Phoenix market.

PARADISE VALLEY, Ariz.--()--With construction underway and interest growing, The New Home Company (NEW HOME) (NYSE: NWHM) today announced the opening of an on-site sales gallery and the previewing of its luxury residences at Mountain Shadows Resort in Paradise Valley, Arizona.

“Mountain Shadows is situated in one of the most ideal locations in all of Arizona, so to have the opportunity to create the first homes of their kind in Paradise Valley is special”

Mountain Shadows is the newest community of resort residences to be built in Paradise Valley, the affluent town located between Phoenix and Scottsdale that is surrounded by the iconic Camelback and Mummy Mountains. Mountain Shadows represents NEW HOME’s initial offering in the Phoenix market. The Company, which was recently named the second-fastest growing public homebuilder in the United States and the most active luxury homebuilder in Orange County, Calif., announced the opening of its Arizona division in early 2016.

Mountain Shadows consists of 14 luxury detached homes (The Residences) and 52 single-story flats (The Villas), ranging from approximately 2,500 to 4,000 square feet, with all homeowners having full access to resort amenities including golf, health and wellness facilities, hiking trails and dining. The homes reflect modern and mid-century 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.

Mountain Shadows Resort is expected to re-open in early 2017 and will be anchored by a signature pool and hotel with 180 rooms, meeting and event spaces and a unique 18-hole, Executive Par-3 Golf Course with scenic views and regulation-sized greens. The resort will include a three-story luxury wing with 42 condominiums and lofts available for purchase.

“Mountain Shadows is situated in one of the most ideal locations in all of Arizona, so to have the opportunity to create the first homes of their kind in Paradise Valley is special,” said Pat Moroney, NEW HOME Arizona Division President. “Those who visit our now open on-site sales gallery 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 expect to have tremendous success here.”

For more information on the new homes at Mountain Shadows and to join the Interest Registry, please visit www.LiveMountainShadows.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. In 2013, 2014 and 2015, NEW HOME was the recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. In 2016, NEW HOME won a total of 23 Eliant Awards, including nine First Place Awards, the highest number earned by a home builder in this year's competition. Also in 2016, the National Association of Home Builders selected The Cannery, an innovative mixed-use community developed by NEW HOME in Davis, Calif., as “Master-Planned Community of the Year,” and the Company earned top honors at the Bay Area Building Industry Association’s Excellence in Home Building Awards, winning “Community of the Year” for its Woodbury neighborhood in downtown Lafayette, Calif. and “Best Builder of the Year.” 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.

Contacts

Paolucci Salling & Martin Communication Arts | Public Relations
Mike Hoye
(310) 346-0845 (mobile)
mhoye@PSMCommArts.com

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