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California homebuilder eyes metro Phoenix with $325M investment

Posted by   /  June 11, 2019  /  No Comments

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Developer is considering as many as eight new communities in the Valley

By Angela Gonzales | Phoenix Business Journal

The New Home Co. is poised to invest more than $325 million in metro Phoenix as the Aliso Viejo, California-based homebuilder introduces eight new communities here over the next few years.

The New Home Co. (NYSE: NWHM), which opened a Scottsdale office two years ago, currently is investing about $125 million in land development and construction in metro Phoenix, said Christopher Cady, who was named president of the company’s Arizona division late last year. He most recently served as Beazer Homes’ Southern California division president.

New Home’s latest project is 222 townhomes and flats on nearly 20 acres within Layton Lakes master-planned community in Gilbert.

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