The New Home Co. (NWHM) Reports Selected Q3 Results

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The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

October 13, 2020 7:41 AM EDT

ALISO VIEJO, Calif.--(BUSINESS WIRE)-- The New Home Company Inc. (NYSE: NWHM) today announced selected preliminary results for the 2020 third quarter. These estimated results are preliminary and unaudited.

Preliminary 2020 Third Quarter Financial Highlights (Estimated Results)

Net new orders of 251 as compared to 124 in the 2019 third quarter, a 102% increase Monthly sales absorption of 3.5 per community as compared to 2.0 per community in the 2019 third quarter, a 75% increase September net new orders of 99, a 106% increase compared to September 2019 Homes in backlog of 329 homes, representing... More