In the Q2, New Home Co Inc 's corporate clients experienced a reduction by -1.37 % in their costs of revenue, compared to a year ago, sequentially costs of revenue were trimmed by -1.13 %. During the corresponding time, New Home Co Inc recorded a revenue increase by 19.13 % year on year, sequentially revenue grew by 41.72 %. While revenue at the New Home Co Inc 's corporate clients recorded rose by 25.86 % year on year, sequentially revenue fell by -13.06 %.
Customers of New Home Co Inc saw their costs of revenue decrease by -1.37 % in Q2 compare to a year ago, sequentially costs of revenue were trimmed by -1.13 %, for the same period New Home Co Inc recorded revenue increase by 19.13 % year on year, sequentially revenue grew by 41.72 %.
New Home Co Inc's Comment on Sales, Marketing and Customers
In connection with the sale and marketing of our homes, we make extensive use
of advertising and other promotional activities, including through our website
(www.NWHM.com), social-media, brochures, direct mail and other community-specific
collateral materials.
We primarily sell our homes through our own sales representatives. Our in-house
sales force works from sales offices located in model homes close to, or in
each community. Sales representatives assist potential buyers by providing them
with floor plan, price and community amenity information, construction timetables
and tours of model homes. Sales personnel are licensed by the applicable real
estate bodies in their respective markets and generally have had prior experience
selling new homes in the local market.
At each of our communities, we seek to assist our homebuyers in obtaining financing
by arranging with preferred mortgage lenders to offer qualified buyers a variety
of financing options. Most homebuyers utilize long-term mortgage financing to
purchase a home, and mortgage lenders will usually make loans only to qualified
borrowers.
New Home Co Inc’s Comment on Sales, Marketing and Customers
In connection with the sale and marketing of our homes, we make extensive use
of advertising and other promotional activities, including through our website
(www.NWHM.com), social-media, brochures, direct mail and other community-specific
collateral materials.
We primarily sell our homes through our own sales representatives. Our in-house
sales force works from sales offices located in model homes close to, or in
each community. Sales representatives assist potential buyers by providing them
with floor plan, price and community amenity information, construction timetables
and tours of model homes. Sales personnel are licensed by the applicable real
estate bodies in their respective markets and generally have had prior experience
selling new homes in the local market.
At each of our communities, we seek to assist our homebuyers in obtaining financing
by arranging with preferred mortgage lenders to offer qualified buyers a variety
of financing options. Most homebuyers utilize long-term mortgage financing to
purchase a home, and mortgage lenders will usually make loans only to qualified
borrowers.
Sources:
New Home Co Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: New Home Co Inc’s corporate clients.
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