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The New Home Company and DMB Development Announce ICON - A New Collection of Luxury Residences within Silverleaf at DC Ranch in Scottsdale

Company Release - 12/15/2017 11:03 AM ET

Sales will commence early 2018 on 72 contemporary single-story condominiums representing the final residential offering of its kind at exclusive Silverleaf community.

SCOTTSDALE, Ariz.--(BUSINESS WIRE)-- The New Home Company (NEW HOME, NYSE: NWHM) has announced that sales will commence in early 2018 at ICON, a new luxury collection of 72 contemporary single-story condominiums within Silverleaf at DC Ranch in Scottsdale. ICON is the final opportunity for attached, for-sale homes in Silverleaf, a community master planned by DMB.

At ICON Silverleaf, NEW HOME will present modern one-story designs with open floorplans of up to 3,174 square feet of living space with two to three bedrooms plus den and two and one-half to three and one-half baths. The residences are view oriented with generous master bedrooms, baths and closets, expansive great rooms and kitchens, and they feature extensive outdoor living spaces on large patios. Each residence will be appointed with the finest luxury amenities and served by semi-private elevators for added convenience.

ICON Silverleaf will begin previewing floorplans next week and will conduct pre-sales at an on-site Sales Gallery in early 2018. Pricing for the luxury residences are expected to start in the high $1 millions. A Model Home Grand Opening is anticipated for the fall of 2018.

“Silverleaf is one of the premiere communities in the western United States and we are so pleased that DMB joined us to carry out the vision for ICON,” said NEW HOME Chief Marketing Officer, Joan Marcus-Colvin. “These homes are ideal for buyers looking for a luxurious, turn-key residence, surrounded by the world-class golf and architecture that defines Silverleaf.”

Those interested in a new home at ICON are encouraged to visit www.IconSilverleaf.com to join the Interest Registry and receive updates on the progress of the neighborhood.

About Silverleaf

Silverleaf offers a premium level of privacy, elegance and lifestyle, with ready access to the amenities of city life.

Nestled into the surrounding McDowell Mountain Preserve, Silverleaf is one of the most prestigious addresses in the Phoenix Metro area with stunning views of city lights and high desert canyons, and adjacent to an 18-hole world-class golf course. For more information on Silverleaf, please visit Silverleaf.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. For more information about the company or its current new-home offerings, visit NWHM.com.

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

Source: The New Home Company