The New Home Company Continues Sacramento Region Expansion with Return to Granite Bay
February 04 2021 - 6:55AM
Business Wire
Eureka Grove, NEW HOME’s fourth community in
Granite Bay, will feature a total of 72 residences and is now
taking shape in a scenic location between Roseville and Folsom
Lake.
As part of its strategic expansion in the Sacramento region, The
New Home Company (NEW HOME, NYSE: NWHM) has announced its return to
Granite Bay with the acquisition of more than 20 acres of land in
the highly desirable Placer County community.
Eureka Grove, which marks NEW HOME’s fourth community in Granite
Bay, will feature a total of 72 residences. It is now taking shape
at Sierra College Boulevard and Eureka Road in a scenic location
between the city of Roseville and Folsom Lake.
NEW HOME anticipates debuting model homes and commencing sales
at Eureka Grove in the third quarter of this year. With prices
expected to start in the $600,000s, NEW HOME is confident in the
timing for Eureka Grove. The greater Sacramento region was recently
named as the top housing market in the nation for 2021 by
Realtor.com and with the continuing trend of people leaving the Bay
Area for bedroom communities like Granite Bay, industry experts
expect the interest in new construction to remain strong.
“Now that working remotely has become widely accepted and
appears to be the norm for some time, communities like Granite Bay
with a great quality of life should continue to thrive,” said Kevin
Carson, President, Northern California for NEW HOME. “We’re excited
to be back in Granite Bay. Eureka Grove will offer a rare
opportunity to purchase a new home for under $1 million while
enjoying a beautiful natural setting, excellent schools and a
location that is just two hours from the Bay Area for those who may
have a professional need to go there from time to time.”
Eureka Grove will offer two distinct residential
collections—both designed by the acclaimed architectural firm of
Bassenian Lagoni—within a gated enclave dotted with oak groves and
surrounded by open space. The 44 paired “duet” townhomes will
feature two multi-story floorplans with three to five bedrooms, and
optional bonus room, ranging from 2,248 to 2,684 square feet. The
28 single-family detached homes will showcase two single-story
floorplans with three to five bedrooms and multigenerational living
spaces, ranging from 2,552 to 2,854 square feet.
All of the homes at Eureka Grove will come standard with NEW
HOME’s EVO Home Tech package, allowing homeowners to personalize
their residences with progressive smart-home solutions.
“Leading design is one of the core pillars of the NEW HOME
credo,” said Carson. “For us, it starts with the careful selection
of the land we purchase. Then we partner with the nation’s leading
architects and design firms to create the most thoughtful homes for
each community we build. This has led to an award-winning record of
earning more than 300 design awards in the past eight years,
including dozens of Community of the Year awards. We’ve brought
this passion for design to Eureka Grove and look forward to
unveiling it in the coming months.”
Eureka Grove will join NEW HOME’s portfolio of actively selling
communities in the Sacramento region. It offers homes for a range
of buyers and lifestyles needs at Russell Ranch in Folsom, Whitney
Ranch in Rocklin, The Cannery in Davis, Brighton Landing in
Vacaville and NUVO Artisan Square in Natomas.
An interest list for Eureka Grove is now forming at
www.eurekagrovenwhm.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. NEW HOME 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 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.
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Mike Hoye Paolucci Salling & Martin Communication Arts |
Public Relations (310) 346-0845 (mobile) or
mhoye@PSMCommArts.com
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