New Home Co. said today it acquired Houston, Texas-based homebuilder Hamilton Thomas Homes.
The deal marks the Irvine-based homebuilder’s entry into Texas with the addition of Hamilton Thomas’ roughly 2,000 lots spanning across 12 communities in Houston and Austin.
Hamilton Thomas CEO John Bohnen and President Jennifer Keller will lead New Home’s resulting Texas division.
“With Houston and Austin, we are entering the second and fourth largest homebuilding markets in the nation, both of which feature dynamic, robust, and growing job bases fueled by diversified industries including manufacturing, healthcare, technology, trade and energy,” New Home CEO Matt Zaist said in a statement.
Financial terms of the deal were not disclosed.