This is the 433rd most frequent Russian word.
новый
New.
The word 'новый' here refers to people who are recently arrived or introduced into this role.
У нас будут новые соседи.
We will have new neighbors.
In this sentence, 'новый' describes something that is innovative or not previously known.
Этот метод обучения совсем новый.
This method of teaching is completely new.
Here, 'новый' means 'new' in the context of something recently acquired or produced.