Fed-fueled uncertainty over interest rate trajectories has chewed away about 20% of public home builders' share prices in short order. Now queasy investor sentiment has taken a toll on at least one private home builder's plan to go public this month.

The New Home Co., the Aliso Viejo, Calif.-based firm run by Larry Webb and three other former John Laing Homes c-level execs, has decided to take a time-out on plans to raise $150 million via an initial public offering originally scheduled to price last week.

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