The New Home Co.

Locations & Contacts

  • 15231 Laguna Canyon Rd.
    Suite 250

    Irvine, CA 92618



Matthew R. Zaist

2024 Builder 100 View This Year's List >


Closings 2023: 656

Revenue 2023: $509M

What They Built In The U.S.
Condos for sale:
Other for sale:
Detached for sale:
Attached for sale:
Product mix:
Affordable/Subsidized, Move Up, Entry Level, Luxury/Custom, Active Adult, Vacation/Second Home
South, West

2018 Report Card

2018 Performance Final Grade:67.8/100
2017 Final Grade:71.0/100

The New Home Company, Inc. (NYSE:NWHM), Aliso Viejo, California, took another step forward in implementing its strategy to reach more buyers through more affordably priced communities as evidenced by a 46% increase in deliveries compared to 2017 and a 38% reduction in the average selling price of homes delivered. Still, it was not profitable. Revenue fell by 11.1%, posted a net loss for the year, and saw its debt to total capital ratio climb to 61.8%. But its gross margin increased by 160 basis points to 24.7%.

Total revenue (in millions):$667.6
HB revenue (in millions):$504.0
Debt per share:$18.72
Equity per basic share:$11.59
HB pretax margin:-4.9%
Backlog value (in millions):$207.1
Inventory (in millions):566.3
Lot supply (in years):5.6

Financial 21.1/40
Net debt-to-capital:55.0%
Pretax home building income (in millions):$(24,706)
Total SG&A/Total revenue:9.3%
Total SG&A (in millions):5.1%
Return on invested capital:-2.3%
Return on equity:-5.6%
Total shareholder return:-49.4%

Land 17.8/20
Community count:17.6%
Share of lots optioned to total controlled:40.7%

Operations 11.7/20
Home building gross margins:11.4%
Sales per month to break even (per community):2.4
Revenue per employee (in millions):$2,073

Sales and Marketing 17.2/20
Sales velocity (per community per month):2.2
Unit backlog:24.8%

Firm Description

New Home Co. is a new generation home builder 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.
Report Inaccuracies
See Something Wrong? If there’s an error on this page, please let us know. Report
Close X