The New Home Company Opens Unique Collection of Single-Story, Elevator-Served Residences at The Cannery in Davis, California

A Model Home Grand Opening for Gala, a neighborhood of 120 flats and
the last for-sale homes to be built in California’s first farm-to-table
new-home community, is set for November 10, 2018.

DAVIS, Calif.–(BUSINESS WIRE)–The
New Home Company
(NEW HOME) (NYSE: NWHM) has announced the opening
of Gala, the final collection of for-sale residences at The
Cannery
, California’s first farm-to-table new-home community, in
Davis, California. Highlighted by single-level layouts with semi-private
elevator access, Gala suits a variety of lifestyles from young couples
and local professionals to empty nesters looking for a turn-key,
low-maintenance home in a vibrant setting. A public Grand Opening and
debut of model homes is set for November 10, 2018. Gala’s pre-opening
sales campaign has already secured 26 homebuyers to date.

Built by NEW HOME and designed by Robert Hidey Architects, Gala offers a
variety of floorplans ranging from 1,191 to 1,995 square feet with two
to three bedrooms and two to two and one-half baths. Each residence
features a private deck and offers direct access to a ground floor
garage. Gala is situated in two of the most desirable areas of The
Cannery with 48 of the flats set within the southwestern part of the
community along The Cannery Loop Trail. The remaining residences are
found in the southern part of The Cannery, near The Amphitheatre and
Market Park. Prices at Gala begin in the mid-$400,000s.

“Gala represents the final chapter of what has been an incredible story
for us at The Cannery, a community that has earned international media
attention and top homebuilding industry awards for its thoughtful land
plan and mix of residential offerings,” said Kevin Carson, Northern
California President for NEW HOME. “From a design and price standpoint,
there is nothing else like Gala in Davis and this is a product type that
the market has been waiting for. We could not be more pleased with the
initial sales success at Gala and expect it to continue after our highly
anticipated Grand Opening.”

Since opening in the summer of 2015, more than 300 of the planned 457
for-sale residences have been sold at The Cannery. Three of the original
neighborhoods—Heirloom by NEW HOME, Persimmon by Shea Homes and Beech by
CalAtlantic Homes—are sold out. Sage by NEW HOME, a neighborhood of 73
Park Homes ranging from 1,943 to 3,702 square feet with up to six
bedrooms and five baths, is nearing sell out with just three homes
remaining. Sage is priced from the high $700,000s to the $1.2 millions.

Tilton by Shea Homes will soon release its final phase of Cottages that
showcase up to five bedrooms and three baths, ranging from 1,706 to
3,024 square feet. Tilton is priced from the mid-$800,000s.

Those interested in Gala are encouraged to visit www.GalaNWHM.com
to register and receive updates on community progress, future events and
sales opportunities.

About The Cannery

The Cannery is an innovative mixed-used community designed with a
seven-acre Urban Farm on the former Hunt-Wesson tomato cannery facility
near the center of downtown Davis. The Cannery has been honored as
Master-Planned Community of the Year by several premiere national and
regional homebuilding industry awards. In addition to residences, The
Cannery showcases numerous community amenities including a recreational
center called The Ranch House, The Farm House Welcome Center, 2.5-mile
loop trail, and the Urban Farm. For additional information on The
Cannery and all of its new-home neighborhoods and community amenities,
visit www.LiveCanneryDavis.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.
Last year, NEW HOME was named the Fastest Growing Public Company in
Orange County on a list published by the Orange County Business
Journal
.

The top ranking was based on NEW HOME’s 208% revenue growth over the
previous two years. NEW HOME is a multi-year recipient of “The Eliant”
for Best Overall Customer Experience in the Eliant Homebuyers’
Choice Awards. For two years in a row, NEW HOME was named to the Inc.
Magazine
Founders 40 list, recognizing public companies that have
maintained a strong entrepreneurial spirit. For more information about
the company or its current new-home offerings, visit www.NWHM.com.

Contacts

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

leverton

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