Firm

The New Home Co.

Locations & Contacts

  • 15231 Laguna Canyon Rd.
    Suite 250

    Irvine, CA 92618

949-382-7800

CEO

Matthew R. Zaist

2024 Builder 100 View This Year's List >

#85

Closings 2023: 656

Revenue 2023: $509M


What They Built In The U.S.
Condos for sale:
0
Other for sale:
0
Detached for sale:
453
Attached for sale:
203
Product mix:
Affordable/Subsidized, Move Up, Entry Level, Luxury/Custom, Active Adult, Vacation/Second Home
Regions:
South, West

2018 Report Card

C+/B-
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%
EPS:-184.1%

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
Closings:46.0%
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.
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