New Home Co.

What New Home Co. does

New Home Co. is a California-based homebuilder (NYSE: NWHM) that designs, constructs, and sells single-family homes to retail consumers through its consumer-facing Risewell Homes brand across multiple U.S. markets. The company's product platform centers on three bundled offerings: EVO Home Tech & Wellness, a standard smart home package providing connectivity and convenience features; Insignia Design, a curated design customization system spanning multiple price tiers; and UNLOCKED self-guided tours, which allow prospective buyers to explore model communities without appointments. Homes are sold via direct-to-consumer sales offices, registered real estate broker partnerships, and self-serve touring, with pricing set per unit by community and configuration (specific prices are not publicly disclosed).

The business model is straightforward one-time unit sales of completed or built-to-order single-family homes, augmented by design and technology add-ons. Target segments include first-time homebuyers, general move-up buyers, and "Community Heroes" (military, first responders, educators, healthcare professionals) who receive special incentives; promotional offerings include Flex Cash Bonuses of up to $40,000. Marketing is conducted through the company website, Instagram, referral programs, community events, and direct mail.

Following Apollo Global Management's 2021 majority investment, New Home Co. has pursued an aggressive acquisition-led expansion strategy. In November 2023, it acquired Hamilton Thomas Homes, gaining entry into the Texas market with approximately 2,000 lots across 12 communities in Houston and Austin. In May 2025, it announced a $1.2 billion all-cash acquisition of Landsea Homes Corporation at $11.30 per share (a 61% premium), backed by $650 million in Apollo equity and over $500 million in novel land bank financing. Upon closing, the combined entity will become a privately held top-25 national homebuilder operating across 10 high-growth U.S. markets under the leadership of CEO Matthew Zaist.

Name

New Home Co.

Legal name

The New Home Company Inc.

Website

https://newhomeco.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

251–500 employees

Short description

New Home Co. is a California-based public homebuilder that designs, constructs, and sells single-family homes to retail consumers via its Risewell Homes brand across multiple U.S. markets, expanding nationally through Apollo-backed acquisitions of Hamilton Thomas Homes and Landsea Homes.

Ownership category

akta.pro rank

Product category

Residential Homebuilding

NAICS

New Housing For-Sale Builders (236117), Residential Building Construction (2361)

akta.pro primary industry

Custom Home Building (IMAFABAC)

akta.pro secondary industry

Residential Luxury / High-End Home Construction (IMAFABAJ)

Keywords

• Single-family home construction
• Residential homebuilding
• New home sales
• Smart home technology
• Home design customization

Headquarters

HQ city

Irvine

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Single-Family Home Sales: The company designs, constructs, and sells single-family homes to individual buyers and families. Revenue is generated through one-time home purchases at sales centers across various communities in the United States.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

New Home Co. is a homebuilder that designs, constructs, and sells single-family homes through its consumer brand Risewell Homes across multiple high-growth U.S. markets including California, Colorado, Oregon, Florida, and Texas. The company offers integrated smart home technology (EVO Home Tech & Wellness), customizable design packages (Insignia Design), and end-to-end customer support from sales through move-in.

Product overview

New Home Co. operates as a homebuilding company with its primary residential brand being Risewell Homes. The company offers single-family homes through various communities and neighborhoods across high-growth U.S. markets. The product portfolio centers on the Risewell Homes brand, complemented by optional add-on services including Insignia Design (customizable interior design packages), EVO Home Tech & Wellness (smart home technology), and UNLOCKED Self-Guided Tours. The company also maintains strategic acquisitions of Hamilton Thomas Homes (Texas) and Landsea Homes Corporation to expand its national footprint.

Differentiator

Problem solved

Functional benefit

Brands

• Risewell Homes: Consumer-facing brand for new home construction offering single-family homes across multiple U.S. markets including California, Colorado, Oregon, Florida, and Texas.

Quantifiable outcome

• 61% premium paid for Landsea Homes acquisition indicating strong market position and growth strategy
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Three partnerships are on record, tiered minor, core and major.

• Cox, Castle & NicholsonminorImplementation/ SI/ Consulting Partner · 21 July 2025Cox, Castle & Nicholson served as legal counsel to Millrose Properties during the landmark transaction involving the acquisition of Landsea Homes by New Home Co.
• Landsea Homes CorporationcoreStrategic or Co-development Partner · 12 May 2025Landsea Homes is being acquired by New Home Co. in an all-cash transaction valued at approximately $1.2 billion. Upon completion, Landsea Homes will become privately held and be delisted from Nasdaq, with the combined entity becoming a top-25 national homebuilder operating across 10 high-growth U.S. markets.
• Hamilton Thomas HomesmajorStrategic or Co-development Partner · 29 November 2023New Home Co. acquired Hamilton Thomas Homes, marking entry into the Texas market. The acquisition included approximately 2,000 lots across 12 communities in Houston and Austin, with key industry veterans John Bohnen and Jennifer Keller continuing to lead Texas operations.

Scale indicators5 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• D.R. Horton: Largest U.S. homebuilder by volume, operating across 30+ states with first-time and move-up buyer focus. Directly comparable as a national production homebuilder; New Home Co. is a much smaller competitor within the same product category.
• PulteGroup: Top-3 U.S. homebuilder with Centex, Pulte, and Del Webb brands serving first-time, move-up, and active adult buyers. Comparable as a national production homebuilder with similar product offerings and geographic overlap in growth markets.
• Lennar Corporation: One of the largest U.S. homebuilders with national footprint including Sun Belt and West Coast markets overlapping with New Home Co.'s footprint. Comparable product category (entry-level to move-up production homes) and similar land-light strategy.

Direct peers

• Landsea Homes Corporation: Currently being acquired by New Home Co. for $1.2B; operates in California, Arizona, Nevada, North Carolina, and other growth markets. Directly comparable product (single-family homes with smart home integration) and overlapping geographic markets.
• M/I Homes: Mid-size public homebuilder with operations in Midwest, Mid-Atlantic, Carolinas, Florida, and Texas. Comparable in size, product offerings, and design customization model.
• Toll Brothers: National luxury homebuilder with premium positioning and design customization similar to New Home Co.'s Insignia Design offering. Closely aligned on target customer (move-up/premium buyer) and product customization approach.
• Taylor Morrison Home Corporation: Top-5 U.S. homebuilder with national footprint spanning Sun Belt and Western markets. Comparable in scale (post-Landsea), product mix, and target customer segments including first-time and move-up buyers.
• Tri Pointe Homes: Mid-size national homebuilder with presence in California, Arizona, Nevada, Texas, Colorado, and other Sun Belt markets. Closely comparable in size, geographic mix, and premium product positioning.
• KB Home: Public homebuilder with strong California concentration and customizable home offerings similar to New Home Co.'s Insignia Design. Highly comparable product strategy and geographic overlap in core California market.
• Century Communities: Top-10 U.S. homebuilder with strong presence in Texas, Arizona, Nevada, Florida, and the Carolinas — markets overlapping with New Home Co.'s post-Landsea footprint. Comparable product category and entry-level to move-up buyer focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/risewellhomes
• Xx.com/TheNewHomeCo
• Facebookfacebook.com/NewHomeCo
• LinkedInlinkedin.com/company/new-home-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about New Home Co.