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The New Home Company Debuts Largest Luxury Homes at Eastwood Village in Irvine

Company Release - 7/31/2017 1:00 PM ET

Morro features 40 spacious single-family luxury homes with contemporary architecture in a variety of floorplans; Grand Opening of three model homes set for the weekend of Aug. 12, 2017

ALISO VIEJO, Calif.--(BUSINESS WIRE)-- Continuing its position as one of the most active homebuilders on the Irvine Ranch, The New Home Company (NEW HOME) (NYSE: NWHM) announces Morro, a collection of the largest, most high-end homes in the master-planned community of Eastwood Village in Irvine, Calif. A Grand Opening for three model homes is set for the weekend of August 12, 2017.

Morro is comprised of 40 spacious single-family homes featuring contemporary architecture in a variety of floorplans by LCRA Architects. The residences range from 3,513 to 3,794 square feet of living space and up to five bedrooms and five and one-half baths. Architectural styles consist of Santa Barbara, Monterey and Spanish with three plans that include options for bonus rooms, wine storage and conservatory. Prices begin in the mid $1 millions.

Residents of Morro will enjoy an abundance of outdoor amenities and family recreation including several parks, green spaces, pools, paseos and pathways that encourage healthy living and outdoor activity.

“We’re pleased to present the most spacious homes in Eastwood Village, a community that has taken its place among the finest on the Irvine Ranch,” said Joan Marcus-Colvin, Chief Marketing Officer for NEW HOME. “The homes at Morro are ideal for local move-up buyers and growing families whose children will attend nearby schools that are some of the finest in the nation. This is a neighborhood that will foster social connectivity and we look forward to showcasing all that Morro has to offer when we open on August 12.”

Those interested in a new home at Morro are encouraged to visit www.MorroNWHM.com to register and receive updates on community progress, future events and sales opportunities.

Portfolio of Luxury Homes in Orange County

Morro is the latest addition to NEW HOME’s portfolio of luxury new-home neighborhoods in Orange County.

This spring, it opened Lucca at Orchard Hills in Irvine where it is currently selling 40 single-family residences with up to 4,862 square feet and up to seven bedrooms and six and one-half baths, with optional multi-generational suites and casitas available on select homesites. Lucca is priced from the high $1 millions.

Also by NEW HOME is Trevi, a collection of some of the largest homes within Orchard Hills. Trevi features residences with up to eight bedrooms and eight and one-half baths in up to 6,937 square feet of living space. Prices start in the low $2 millions.

NEW HOME is nearing the end of sales at Cressa in the popular North Irvine community of Portola Springs where only a select number of the 95 single-family homes remain available. The homes at Cressa range from 2,440 to 3,021 Square Feet with up to five bedrooms and five baths. Prices start in the low $1 millions.

Coming Soon to Escencia at Rancho Mission Viejo

In late 2017, NEW HOME will open three soon-to-be-named neighborhoods at Escencia at Rancho Mission Viejo. Each enclave will be distinctly different with one offering 79 two-story townhomes ranging from approximately 683 to 1,720 square feet, another featuring 72 paired homes with approximately 1,228 to 1,659 square feet and the third presenting 56 luxury single-family homes with single-level floorplans expected to range from about 2,950 to 3,575 square feet. Pricing will be established soon for these three neighborhoods.

For information on all current neighborhoods in Orange County and beyond, visit www.NWHM.com.

About The New Home Company

NEW HOME 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 and Arizona, including coastal Southern California, the San Francisco Bay area, metro Sacramento and Phoenix. NEW HOME is a multi-year recipient of “The Eliant” for Best Overall Customer Experience in the Eliant Homebuyers’ Choice Award’s multi-divisional builder segment. In 2017, NEW HOME won a total of 22 Eliant Awards, the highest number earned by a home builder in this year's competition. For two years in a row, NEW HOME has been named to the Inc. Magazine Founders 40 list, recognizing newly public companies that have maintained a strong entrepreneurial spirit.

Paolucci Salling & Martin Communication Arts | Public Relations
Mike Hoye
(310) 346-0845 (mobile)
mhoye@PSMCommArts.com

Source: The New Home Company