The New Home Company Reports 2020 Fourth Quarter and Full Year Results
Posted on 392 The New Home Company Inc. (NYSE: NWHM) today announced results for the 2020 fourth quarter and full year. Fourth Quarter 2020 Financial Results Net orders up 89%, monthly sales absorption rate increased 68% to 3.7 compared to 2.2 in the prior year Unit backlog up 175%, dollar value of homes in backlog increased 88% compared to last year to $236.0 million Total revenues of $145.6 million and home sales revenue of $135.4 million Homebuilding gross margin of 14.8% compared to 7.8% in the prior year, including impairments...