Bay Area Expansion Continues for The New Home Company with Acquisition of Land in Prime Fremont and Santa Clara Locations

WALNUT CREEK, Calif. (August 4, 2015) – As part of its strategic Bay Area expansion, The New Home Company (NEW HOME, NYSE: NWHM) today announced the acquisition of three sites in two of the region’s hottest housing markets, Fremont and Santa Clara.

NEW HOME is moving forward with plans to build three communities—two in Fremont and one in Santa Clara—totaling 91 homes, in these prime, tech-centric locations.

The Landing is a new community of 33 contemporary townhomes coming soon to Mission Boulevard in Fremont. These multi-story residences will feature three to four bedrooms and will range from 1,612 to 1,905 square feet of living space. The Landing is within walking distance to great schools, Central Park, Lake Elizabeth and downtown Fremont. Residents will enjoy the modern amenities of Fremont living and close proximity to Silicon Valley and to the Bart Station for easy access to San Francisco. The Landing is anticipated to open in spring 2016.

Located in the popular southeast corner of Santa Clara, Emerson will offer 33, three-story townhomes featuring up to 1,900 square feet of living space. Emerson will provide future residents with easy access to Saratoga Avenue and San Tomas Expressway, and is within walking distance to the Pruneridge Shopping Center, Pruneridge Golf Club, Santana Row and Valley Fair Mall. NEW HOME plans to open Emerson in fall 2016.

Also in Fremont, NEW HOME will build 25 homes at a soon-to-be named community located approximately one-half mile from The Landing on Mission Boulevard. Specific plans for these residences will be announced in the near future.

“We continue to selectively target prime Bay Area locations where we will be rewarded for superior architecture and thoughtful planning,” said Brian Olin, Bay Area President for NEW HOME. “These communities in Fremont and Santa Clara will allow us to accomplish this, while providing much-needed homes in the tech capital of the world.”
“Fremont is located in Alameda County; the second fastest growing county in California,” continued Olin, “and Santa Clara County's pace of job growth is the strongest the region has enjoyed in at least 14 years. With this in mind, we expect to have tremendous success with these three new communities and remain committed to securing additional land in the area in the coming months.”

Those interested in a new home at The Landing in Fremont are encouraged to visit www.TheLandingNWHM.com to sign up for the Interest Registry, and those interested in Emerson in Santa Clara may register at www.EmersonNWHM.com.

About The New Home Company
NEW HOME, one of California’s most active homebuilders, 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, including coastal Southern California, the San Francisco Bay area and metro Sacramento. 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. NEW HOME was recently awarded the BIA Bay Area “Community of the Year” Award of Excellence for its master-planned community of Orchard Park in San Jose. For more information about the company or its current new-home offerings, visit www.NWHM.com.