Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.

home / news releases / NWHM - The New Home indicates strong Q2 high monthly sales absorption

NWHM - The New Home indicates strong Q2 high monthly sales absorption

The New Home Company Inc.
For Q2, The New Home Company (NWHM) reported prelim net new orders of 187 vs.164 in the year ago quarter.Monthly sales absorption rate of 3.3/community, a 50% increase Y/Y.Homes in backlog of 632 homes (+168.94% Y/Y), representing $439.4M in backlog value; homes sales revenue of $135.9M vs. $77.8M in the year ago quarter.Deliveries increased 98% and average selling price decreased 12% to $666K consistent with the Company’s shift to more affordable price points, including a significant increase in deliveries from its Arizona operation.Cash and cash equivalents of $117.3M , vs. $85.6M as of June 30, 2020.Total debt, net of $280.6M vs. $295.1M as of June 30, 2020.

For further details see:

The New Home indicates strong Q2, high monthly sales absorption
Stock Information
Company Name: The New Home Company Inc.
Stock Symbol: NWHM
Market: NYSE
Website: nwhm.com
Menu
NWHM NWHM Quote NWHM Short NWHM News NWHM Articles NWHM Message Board
Get NWHM Alerts

News, Short Squeeze, Breakout and More Instantly...