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The New Home Company Reports $50 Million in Sales at Two Orchard Hills Neighborhoods in Irvine, California

IRVINE, Calif.--(BUSINESS WIRE)--In a period of less than two months since opening for sales, The New Home Company (NEW HOME) (NYSE: NWHM) today announced that 23 luxury homes, representing in excess of $50 million, have been sold at Trevi and Amelia, its two new neighborhoods in the master-planned community of Orchard Hills in Irvine.

“Orchard Hills was one of the most anticipated communities to open in Irvine in the last decade and we are privileged to be a part of it”

NEW HOME unveiled the model homes at Trevi and Amelia during the Orchard Hills grand opening weekend of May 31 and June 1. Since the opening, thousands of interested homeshoppers have visited the two neighborhoods and the sales pace has exceeded expectations.

“Orchard Hills was one of the most anticipated communities to open in Irvine in the last decade and we are privileged to be a part of it,” said NEW HOME Senior Vice President of Sales, Marketing and Design, Joan Marcus-Colvin. “We put a tremendous amount of thought, care and innovation into the designs at Trevi and Amelia, so to have the work quickly validated with $50 million in sales is especially gratifying. These homes are special and clearly speak to the California lifestyle.”

Trevi features homes that are among the largest in Orchard Hills. In a naturally secluded, European-inspired hilltop setting, the homes are designed with up to seven bedrooms and seven- and one-half baths in up to 6,271 square feet. Trevi is priced from the low $2 millions.

Designed to reflect a European village, Amelia’s homes include floorplans with up to 5,234 square feet of living space, seven bedrooms and seven- and one-half baths. Amelia is priced from the high $1 millions.

Through New Home’s on-site Design Studio, homeowners have the ability to customize their living spaces at both neighborhoods to suit each family’s diverse needs.

NEW HOME, one of California’s most active homebuilders, became a publicly traded company in early 2014. It is now trading stock on the New York Stock Exchange under the symbol “NWHM.”

About The New Home Company

NEW HOME 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, including coastal Southern California, the San Francisco Bay area and metro Sacramento. In 2013 and 2014, NEW HOME was the recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. For more information about the company or its current new-home offerings, visit www.NWHM.com.

About Orchard Hills

Introducing Orchard Hills, a village so extraordinary, there will never be another opportunity quite like it in Orange County. New luxury homes set against a backdrop of rare natural splendor and proximity to working avocado groves highlight an incomparable Irvine lifestyle. Acclaimed homebuilders present 12 masterfully designed neighborhoods inspired by the charm of the European countryside, residential collections that display exquisite detailing and architectural differentiation. Tucked behind dramatic entry gates, the Groves offers the village’s most exclusive address. Prestige, breathtaking valley views and elevated topography heighten the distinction of the Groves’ seven neighborhoods.

The opportunity for a vibrant, social lifestyle is entwined into the landscape of Orchard Hills. Experience family-friendly parks, the privileges of resort-inspired recreation and scenic trails to explore the great outdoors. You never have to go far to relax, delight in your children playing in the sunshine or take a morning jog around Loma Ridge. Running errands or meeting friends for lunch is a pleasure at nearby Orchard Hills Village Center®, which features a variety of shopping and dining. Welcome home to Orchard Hills, the culmination of your greatest aspirations and a breathtaking setting to live a more bountiful life.

Contacts

Paolucci Communication Arts | Public Relations
Mike Hoye
(310) 346-0845 (mobile)
mhoye@PaolucciCommArts.com