by Kenneth K.
Because of falling sales The New Home Company has been forced to put on what they call “Endless Summer Savings” sales. Which is interesting since the overall housing market sales have been increasing. The rumors are, that the quality of the NWHM homes have been lowered because of cutting corners to make more profit.
The blame is directed at the company’s CEO Larry Webb who has been lowering the company’s standards because of the pressure of needing to increase profits for the shareholders.