Posted in home

The New Home Company Reports Selected 2020 Third Quarter Preliminary Results

The New Home Company Inc. (NYSE: NWHM) today announced selected preliminary results for the 2020 third quarter. These estimated results are preliminary and unaudited.

Preliminary 2020 Third Quarter Financial Highlights (Estimated Results)

  • Net new orders of 251 as compared to 124 in the 2019 third quarter, a 102% increase

  • Monthly sales absorption of 3.5 per community as compared to 2.0 per community in the 2019 third quarter, a 75% increase

  • September net new orders of 99, a 106% increase compared to September 2019

  • Homes in backlog of 329 homes, representing $207.1 million in backlog value, as compared to 207 homes at the end of the 2019 third quarter, a 59% increase

  • Ending actively selling community count of 25, a 14% increase compared to the end of the 2019 third quarter

  • Homes sales revenue of $117.4 million as compared to $118.8 million for the 2019 third quarter

    • Deliveries of 157 as

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Posted in improvements

Stantec selected to oversee water infrastructure improvements in Ulaanbaatar, Mongolia

The MarketWatch News Department was not involved in the creation of this content.

EDMONTON, Alberta and NEW YORK and WASHINGTON, Sep 24, 2020 (GLOBE NEWSWIRE via COMTEX) —
EDMONTON, Alberta and NEW YORK and WASHINGTON, Sept. 24, 2020 (GLOBE NEWSWIRE) — The Millennium Challenge Corporation (MCC) has selected Stantec to provide advisory services during the preparation and implementation of its US$350 million Mongolia Water Compact with the Mongolian Government. The compact’s Water Supply Project aims to provide viable, sustainable bulk water supply solutions for the Mongolian people and is designed to increase the water supply to the capital city by 80 percent, servicing Ulaanbaatar’s population of more than 1.4 million people.

“Ulaanbaatar faces urgent issues related to its water supply and infrastructure that mirror challenges experienced in other parts of the world. Our team’s technical expertise in the water sector will allow us to help ensure the community thrives for

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