The New Home Company Announces Emerson, a Community of Contemporary Townhomes in a Prime Silicon Valley Location

Grand Opening and debut of model homes set for March 11 at
neighborhood of 33 residences on Saratoga Avenue in Santa Clara

SANTA CLARA, Calif.–(BUSINESS WIRE)–The
New Home Company
(NEW HOME, NYSE: NWHM) today announced the opening
of Emerson, an enclave of contemporary townhomes in Santa Clara, Calif.
A Grand Opening and debut of model homes is set for the weekend of March
11, 2017 following a successful pre-sales campaign over the last three
months.

Emerson is situated on a prime Saratoga Avenue location in the popular
southeast corner of Santa Clara. The community is comprised of 33
multi-story residences designed by JZMK Partners with a variety of
floorplans. The homes range from 1,454 to 1,907 square feet of living
space with three bedrooms and up to three full and two half baths.
Prices start in the mid-$900,000s.

Emerson offers easy access to Saratoga Avenue and San Tomas Expressway,
and is within walking distance to the Pruneridge Shopping Center,
Pruneridge Golf Club, Santana Row and Valley Fair Mall. The community
makes use of the best urban infill design practices by providing housing
solutions for a centrally located, public transit accessible and
under-developed site.

With its proximity to some of the most innovative tech companies in the
Silicon Valley, the name “Emerson” was inspired by Ralph Waldo Emerson,
one of the most forward-thinkers of his time.

Interest in Emerson from prospective homebuyers looking for a new,
attainably priced home in the heart of the Silicon Valley has been
strong. To meet the demand, NEW HOME recently launched a pre-opening
sales campaign with several homes now sold. The first move-ins at
Emerson will begin this spring.

“One of our primary objective with Emerson was to create a community
that would seamlessly integrate into the fabric of the older,
surrounding neighborhoods of the area,” said Kevin Carson, Northern
California President for NEW HOME. “In Santa Clara, it is so rare to
find a newly built home and we believe this scarcity makes the lifestyle
offered at Emerson so important and valuable.”

Those interested in a new home at Emerson are encouraged to visit www.EmersonNWHM.com
to sign up for the Interest Registry.

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.

Contacts

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