As homebuilder enjoys success at all of its greater Phoenix communities, it will soon debut in Mesa with Element at Eastmark, a neighborhood of 135 single-family detached residences.
SCOTTSDALE, Ariz. (March30, 2021) – The New Home Company (NEW HOME, NYSE: NWHM) is continuing its expansion in Arizona. Since starting operations in the state in 2016, the homebuilder has strategically increased its presence in the Phoenix market through the acquisition of land in highly desirable masterplans and areas poised for growth. Its projects have been recognized with awards for planning and design, helping the company gain exposure and become a go-to builder for homebuyers in the region.
As NEW HOME enjoys success at its communities throughout greater Phoenix, it announced today that it will soon make its debut in Mesa. Construction is well underway on Element at Eastmark, where NEW HOME will build 135 single-family detached residences, with an opening and launch of sales planned for this summer. Eastmark, developed by Brookfield Residential and DMB Inc., is the top selling masterplan in the East Valley and the second fastest selling community in all of Arizona according to John Burns Real Estate Consulting.
Centella at Estrella, which opened in August 2020, consists of 80 detached two-story, single-family homes with up to 2,832 square feet in one of the most desirable west valley destinations. With prices starting in the high $300,000s, buyers can choose from five floorplans with up to five bedrooms and a range of architectural styles including Modern Prairie and Desert Contemporary with interior upgrades and finishes available through NEW HOME’s on-site Design Studio.
In September, NEW HOME introduced Mariposa in Chandler, part of the southeast valley which is the fastest growing region in Metro Phoenix with thousands of jobs in the tech sector and other growing industries. Close to excellent shopping and recreation, Mariposa features three neighborhoods, each with a distinct product type. Towns include 106 paired townhomes with prices starting in the mid $300,000s; Courts offer 38 cluster homes with pricing from the mid $300,000s; and Cottages is comprised of 55 single-family residences with pricing from the low $500,000s.
“Establishing leading design in every market we build is a key component of the NEW HOME Credo,” said Leonard Miller, President and Chief Executive Officer for NEW HOME. “For us, it starts with the careful selection of the land we purchase. Then we partner with the top architects and design firms to create the most thoughtful homes for each community we build. We’ve been fortunate to acquire some special pieces of land in the Phoenix region and are pleased with our success here. We look forward to more success with Element, but most importantly to delivering a product our buyers will be proud to call home.”
For more information and to join the interest registry for Element, please visit www.ElementNWHM.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, Arizona and Colorado, including coastal Southern California, the San Francisco Bay area, metro Sacramento, Phoenix and Denver.
NEW HOME was named 2019 Builder of the Year by Professional Builderand is a multi-year recipient of “The Eliant” for providing the Best Overall Customer Experiencein North America in the Eliant Homebuyers’ Choice Awards. NEW HOME has won hundreds of awards in the homebuilding industry for its design and planning excellence, dozens of “Community of the Year” awards, and was recognized five straight years for creating the best community or master plan in all the United States. For more information, visit NWHM.com.
Media Contact:Mike Hoye
Paolucci Salling & Martin Communication Arts | Public Relations
(310) 346-0845 (mobile) or mhoye@PSMCommArts.com