New Home Co. Makes Significant Investments in Sacramento Market to Solidify its Growing Regional Position
As one of the first builders in the Panhandle area of Natomas and with construction well underway on Arbor Ranch in Elk Grove, the builder will add seven residential neighborhoods totaling 870 homes with an estimated future revenue of more than $650 million.
ROSEVILLE, Calif., June 12, 2024–(BUSINESS WIRE)–Continuing its growing lot count and investment in the Sacramento market, New Home Co., the Irvine, California-headquartered builder with Northern California operations based in Roseville, has officially announced two significant land acquisitions that will add seven residential neighborhoods totaling 870 homes to the region in the coming months. The two communities—one in the Natomas Panhandle and the other in Elk Grove—represent estimated future homebuilding revenue of more than $650 million.
Most recently, New Home Co. finalized entitlements and acquired land that makes it one of the first builders in the Panhandle area of Natomas where development has been highly anticipated for years. The company has begun grading the more than 62-acre site with plans to develop 343 homes in Natomas Landing.
Three new neighborhoods will comprise Natomas Landing, all featuring one- and two-story single-family residences ranging from 1,700 to 3,147 square feet with three to five bedrooms. Model homes are expected to debut by summer 2025.
Also in the Sacramento region, New Home Co. is under construction at Arbor Ranch, a master-planned community now taking shape in Elk Grove, with plans for 527 homes in four residential collections. The company acquired the almost 95-acre property in the third quarter of 2023 and finalized entitlements and land plan. In addition to building and selling homes at Arbor Ranch, New Home Co. is responsible for the overall site improvements and infrastructure that serves the masterplan.
The single-family homes will range from approximately 1,650 to 3,600 square feet with up to 5 bedrooms, up to five- and one-half baths, two- and three-car garages and single- and two-story floorplans. The first collection of homes is anticipated to be available in late summer 2024.
“We’ve had a strong presence in the Sacramento market for the past decade, and we are incredibly excited about these two new significant neighborhoods which will provide much needed new housing for almost 1,000 families in the area,” said Matthew R. Zaist, CEO of New Home Co. “We’re fortunate to have the 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 for its support of our growth trajectory over the last few years.”
New Home Co. currently has several actively selling neighborhoods in the greater Sacramento area. These include 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 on New Home Co., visit NewHomeCo.com.
About New Home Co.
New Home Co. is a western regional builder and real estate development company headquartered in Irvine, Calif. It has divisions within select growth markets in California, Arizona, Colorado, Oregon, Washington and Texas. New Home Co. is one of most awarded homebuilders in the United States. It was named 2019 Builder of the Year by Professional Builder and is a multi-year recipient of “The Eliant” for providing the Best Overall Customer Experience in North America in the Eliant Homebuyers’ Choice Awards. New Home Co. 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 NewHomeCo.com.
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PSM Communication Arts | Public Relations
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