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Top 20 Master Planned Communities Midway Through 2013
Tom Hayden / Metrostudy / August 19, 2013
What a difference a couple of years can make – Census-reported (seasonally adjusted) national annual housing starts were 836,000, a 10% gain over the 785,000 noted in June 2012 and a nearly 38% increase compared to two years ago. This of course translates into increased activity with the top master planned communities (“MPCs”) and an even more competitive Top 20 in 2013.
To put this in perspective, a community starting 260 homes at the mid-point of 2011 ranked in the Top 20, this year their ranking would slide down to 53. Based on Metrostudy’s quarterly lot-by-lot survey, the Top 20 MPCs started more than 14,900 homes in the past twelve months, a 35% increase over 2Q12 and 61% climb from 2Q11. And with production driven by rising demand, whoever reaches this list must have land available and the means to deliver them.
Central Florida’s The Villages remains the top MPC in the country with 3,425 annual new home starts through 2Q13. The Villages also delivered the most lots over the past twelve months, more than 1,500, which accounted for 45% of all annual lot deliveries in the Central Florida Market.
The biggest gains in starts activity were achieved by the Irvine Ranch in Orange County, California. With the combination of their actively-selling villages, the Irvine Ranch posted more than a 121% gain in starts over the past twelve months. Houston’s Riverstone community followed with a 113% increase and starts in Mountain’s Edge also rose by triple digits, at 102% within the Las Vegas Market.