New words could benefit many NLP tasks such as sentence chunking and sentiment analysis. However, automatic new word extraction is a challenging task because new words usually have no fixed language pattern, and even appear with the new meanings of existing words. To tackle these problems, this paper proposes a novel method to extract new words. It not only considers domain specificity, but also combines with multiple statistical language knowledge. First, we perform a filtering algorithm to obtain a candidate list of new words. Then, we employ the statistical language knowledge to extract the top ranked new words. Experimental results show that our proposed method is able to extract a large number of new words both in Chinese and English corpus, and notably outperforms the state-of-the-art methods. Moreover, we also demonstrate our method increases the accuracy of Chinese word segmentation by 10% on corpus containing new words.