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NWHM - Third Avenue Management - The New Home Company
The New Home Company Inc.
The following segment was excerpted from thisfund letter.
The New Home Company (NWHM) is a US-based homebuilder that was founded by a group of industry professionals in 2009 including CEO Larry Webb, who previously served as the CEO of John Laing Homes (which was sold to Emaar Properties in 2006) and also as the Chief Restructuring Officer at Landsource (where the Fund participated in a debt-for-equity exchange). Over the past ten years, Webb and his team have built out New Home's portfolio to include 20 communities in Northern California, Southern California, and Phoenix