"House supply way down" Century 21 CEO
"Incredible strength" in residential housing... Coldwell Banker
 
Recent news articles:
 
https://www.cnbc.com/video/2020/12/23/century-21-ceo-housing-market-trends-coronavirus-squawk-box.html
https://www.cnbc.com/video/2020/12/22/why-home-prices-arent-likely-to-go-down-over-the-winter.html
https://www.cnbc.com/2020/12/22/existing-home-sales-fell-for-the-first-time-in-5-months-in-november.html
 
Top Pick / Teal Linde / Market Call / 2016 & 2017
 
In 2018 to early 2019 the company ran into trouble when the luxury market dried up due to trade wars.
The company has pivoted to smaller, more affordable suburban homes and expanded to AZ as well as CA. 

Things have since changed:
 
  • New 10% buyback initiated 
  • 10% of shares cancelled at $1.89 in March
  • Now only 18.3m shares out (small free trading float)
  • Highly inside owned
  • New small and medium size suburban homes
  • Strong demand for years years to come (see links)
  • Debt renewed for 5 years and reduced to industry avg
  • Great turn-around story 
  • Through 150 and 200 day averages
 
Price to NAV comparisons with other US homebuilders:
 
DHI ......trading 2.1 (X) NAV
KBH .....trading 1.3 (X) NAV
LEN .... .trading 1.4 (X) NAV
NWHM. trading 0.4 (X) NAV = same as 60% discount on their houses
PHM .... trading 2.1 (X) NAV
 
More news to review:
 
https://www.cnbc.com/2020/12/16/the-fed-can-help-everyday-americans-even-without-a-stimulus-deal.html  
https://www.cnbc.com/2020/12/11/buying-a-house-heres-where-all-cash-deals-are-most-competitive.html
https://www.cnbc.com/2020/12/10/homeowners-gain-1-trillion-from-pandemic-driven-housing-boom.html
https://www.cnbc.com/2020/12/10/housing-is-doing-something-it-hasnt-done-since-the-bubble-achuthan.html
https://www.cnbc.com/2020/12/09/mortgage-rates-set-14th-record-low-of-the-year.html
https://www.cnbc.com/2020/12/07/redfin-ceo-says-the-booming-covid-housing-market-can-get-even-hotter.html
https://www.cnbc.com/2020/12/02/mortgage-demand-from-homebuyers-spikes-28percent.html
https://www.cnbc.com/2020/11/25/another-record-low-mortgage-rate-just-caused-mortgage-demand-to-jump-.html
https://www.cnbc.com/2020/11/24/home-prices-see-biggest-spike-in-6-years-in-september.html
https://stockhouse.com/news/press-releases/2020/11/19/the-new-home-company-announces-new-stock-repurchase-program
https://www.cnbc.com/2020/11/19/october-existing-home-sales-see-spectacular-26point6percent-annual-increase.html
https://www.cnbc.com/2020/11/18/us-housing-starts-october-2020.html
https://www.cnbc.com/2020/11/17/homebuilder-confidence-in-november-shatters-previous-months-record.html
https://www.cnbc.com/2020/11/05/homeowners-and-buyers-are-the-real-winners-in-this-election.html
https://seekingalpha.com/article/4384198-new-home-company-inc-nwhm-ceo-leonard-miller-on-q3-2020-results-earnings-call-transcript?page=7
https://www.cnbc.com/2020/10/29/surprise-drop-in-september-home-sales-as-buyers-get-priced-out.html
https://www.cnbc.com/2020/10/27/home-prices-rise-at-.html
https://www.cnbc.com/2020/10/22/redfin-ceo-absolutely-insane-demand-for-housing-will-last-into-2021.html
 
 
Company website https://www.nwhm.com/ 
 
Company presentation https://ir.nwhm.com/investor-home/default.aspx
 
Note: This is all my own opinion and research DYODD. Watchlist NWHM
 
Cheers,
Notgnu