The builder, one of the first in the Natomas Panhandle area and also well underway with Arbor Ranch in Elk Grove, is building a total of 870 homes across seven residential communities with projected future revenues of more than $650 million.
Roseville, California, June 12, 2024–(BUSINESS WIRE)–New Home, a construction company headquartered in Irvine, California with Northern California operations in Roseville, has continued to grow land count and investment in the Sacramento market, formalizing two major land acquisitions that will add seven residential neighborhoods totaling 870 homes to the area in the coming months. The two communities, located in the Natomas Panhandle and Elk Grove, are estimated to generate more than $650 million in future homebuilding revenue.
Just recently, New Home secured title and acquired land, making the company one of the first builders in the long-anticipated Panhandle area of ​​Natomas. The company has begun clearing more than 62 acres with plans to develop 343 homes in Natomas Landing.
Natomas Landing will consist of three new neighborhoods, all featuring one- and two-story single-family homes ranging from 1,700 to 3,147 square feet with three to five bedrooms. Model homes are expected to open by summer 2025.
Also in the Sacramento area, New Home is developing Arbor Ranch, a master-planned community currently taking shape in Elk Grove that will feature 527 homes across four residential complexes. The company acquired approximately 95 acres and finalized the rights and site plans in the third quarter of 2023. In addition to building and selling homes at Arbor Ranch, New Home is responsible for site-wide improvements and infrastructure that will serve the master plan.
The single-family homes will range in size from approximately 1,650 to 3,600 square feet and feature up to five bedrooms, up to 5.5 bathrooms, two- or three-car garages and one- or two-story floorplans. The first collection of homes is expected to launch in late summer 2024.
“We have built a strong presence in the Sacramento market over the past decade, and we are excited about these two important new neighborhoods that will provide much-needed new housing for approximately 1,000 families in the area,” said Matthew R. Zeist, CEO of New Homes, Inc. “We are fortunate to receive capital and investment in our homebuilding platform from funds managed by Apollo Global Management. Apollo’s flexible and scaled capital is a true differentiator in the land acquisition and homebuilding space, and we are grateful to them for supporting our growth trajectory over the past few years.”
New Home Co. currently has several residential neighborhoods actively selling in the Sacramento metropolitan area, including Long Meadow in Elk Grove, The Trails and The Parks at Valley Oak in Roseville, Ridgeview in El Dorado Hills and Rocklin Meadows in Rocklin.
For more information about New Home Co., visit NewHomeCo.com.
About New Home Co., Ltd.
NewHome is a western regional construction and real estate development company headquartered in Irvine, California with offices in select growth markets in California, Arizona, Colorado, Oregon, Washington and Texas. NewHome is one of the most awarded homebuilding companies in the United States. The company was named Builder of the Year in 2019. Professional Builder The company is also a multi-year winner of “The Eliant” award for providing the best overall customer experience in North America at the Eliant Homebuyers’ Choice Awards. New Home Co. has received hundreds of homebuilding industry awards and dozens of “Community of the Year” awards for its superior design and planning, and has been recognized for creating the best community or master plan in the nation five years in a row. For more information, visit NewHomeCo.com.
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