 IRVINE, Calif.--BUSINESS WIRE--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 