The New Home Company Presents Final Opportunities to Purchase Luxury Residences in Crystal Cove on the Famed Newport Coast

Orange County’s largest and most active luxury homebuilder will debut six model homes in exclusive coastal enclaves of Coral Canyon and Coral Crest on June 11, 2016

NEWPORT COAST, Calif.--()--Offering the final opportunities to own in one of California’s most sought-after addresses, The New Home Company (NEW HOME) (NYSE: NWHM) today announced the June 11, 2016 opening of Coral Canyon and Coral Crest in Crystal Cove on the famed Newport Coast.

“Since plans were announced in late 2015, the interest we’ve received in both Coral Canyon and Coral Crest has been exceptionally strong”

Luxurious and exclusive, the coastal residences of Coral Canyon and Coral Crest will be the last to be built in Crystal Cove, the community master-planned by The Irvine Company and nestled in the hills above Crystal Cove State Park on the premier stretch between Corona del Mar and Laguna Beach.

Recently named the second-fastest growing public homebuilder in the United States and the most active luxury homebuilder in Orange County, NEW HOME will debut six artfully designed model homes—three at Coral Canyon and three at Coral Crest—during the highly anticipated opening weekend.

“Since plans were announced in late 2015, the interest we’ve received in both Coral Canyon and Coral Crest has been exceptionally strong,” said NEW HOME Chief Marketing Officer Joan Marcus-Colvin. “Crystal Cove is a special gem along our coast and we are truly excited to bring these two neighborhoods to market.”

At Coral Canyon, NEW HOME will present 28 Mediterranean-inspired residences designed by Bob White, founder of Forest Studio in Laguna Beach. Situated alongside the upper northeast point of Crystal Cove, the homes offer dramatic hillside panoramic views as well as ocean vistas overlooking Abalone Point. Coral Canyon features open, single-story living floorplans ranging from 3,782 to 5,290 square feet with up to five bedrooms and five and one-half baths. Prices begin in the $4 millions.

Coral Crest is a gated enclave of 27 homes designed by Robert Hidey Architects and set on the upper northwest pinnacle of Crystal Cove. Coral Crest’s classic Mediterranean, Italiante and Santa Barbara architecture incorporates modern and elegant design elements ideal for gathering and entertaining. The homes range from 4,962 to 7,318 square feet of living space with up to six bedrooms and six and one-half baths. Prices begin in the $5 millions.

“We’re honored to have been selected by The Irvine Company as the homebuilder to complete Crystal Cove,” said NEW HOME Chief Executive Officer H. Lawrence Webb. “With this honor came a great deal of responsibility so we approached this with one very clear objective: To design and build some of the finest residences in Orange County. We’re extremely proud of what we’ve created and look forward to showcasing our model homes to distinctive buyers from around the world.”

For more information on Coral Canyon and to join the Interest Registry, please visit www.CoralCanyonNWHM.com. To join the Coral Crest Interest Registry, please visit www.CoralCrestNWHM.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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