Master-Planned o 2018 Top 50 - Top 50 Master-Planned Communities of 2018 Notable regional shifts versus

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  • 1Top MPCs of 2018 | John Burns Real Estate Consulting

    Top 50 Master-Planned

    Communities of 2018

    Top 50 Master-Planned

    Communities of 2018

    JODY KAHN Senior Vice President 603-235-5760 jkahn@realestateconsulting.com

    DEVYN BACHMAN Senior Research Analyst 303-956-9881 dbachman@realestateconsulting.com

    Amenities and Broad-Based Demand Drove Top 50

    Masterplans’ Sales

  • Top 50 Master-Planned

    Communities of 2018

    RANK DEVELOPER NET SALES

    SOURCE: John Burns Real Estate Consulting, LLC (January 2019)

    PROJECT NAME 2018

    1 2 3 4 5 6 7 8 9 10 11 12 13

    14T 14T 16 17 18 19 20 21 22 23 24 25

    2,134

    1,482

    1,318

    1,108

    1,000

    938

    929

    902

    717

    660

    625

    623

    575

    530

    530

    507

    490

    482

    481

    480

    478

    477

    474

    470

    463

    THE VILLAGES

    LAKEWOOD RANCH

    SUMMERLIN

    WEST VILLAGES

    IRVINE RANCH1

    NOCATEE

    EASTMARK

    ONTARIO RANCH

    INSPIRADA

    OTAY RANCH1

    STAPLETON

    RANCHO MISSION VIEJO

    DAYBREAK

    VERRADO

    SIENNA PLANTATION

    LAKE NONA

    ESTRELLA

    BRIDGELAND

    CADENCE

    THE GREAT PARK NEIGHBORHOODS

    SKYE CANYON

    MOUNTAIN HOUSE

    CANE BAY PLANTATION

    SIENA1

    VIERA

    Villages of Lake Sumter, LLC

    Schroeder-Manatee Ranch, Inc.

    The Howard Hughes Company

    West Villages Partnership

    The Irvine Company

    The PARC Group

    DMB and Brookfield

    Brookfield, DR Horton, Lennar, Lewis, Stratham

    Beazer, KB Home, Pardee & Toll Brothers

    Baldwin, Stratford Land, Cornerstone & HomeFed

    Forest City Enterprises

    Rancho Mission Viejo, LLC

    Daybreak Communities

    DMB

    Johnson Development Corp.

    Tavistock Group

    Newland Communities

    The Howard Hughes Company

    The LandWell Company

    Five Point Communities

    Olympia Companies

    Mountain House Developers LLC.

    Gramling Brothers Real Estate & Development

    John Lloyd Development

    The Viera Company

    2018 LOCATION

    Villages, FL

    Sarasota, FL

    Las Vegas, NV

    Sarasota, FL

    Orange County, CA

    Jacksonville, FL

    Phoenix, AZ

    Riverside-San Bernardino, CA

    Las Vegas, NV

    San Diego, CA

    Denver, CO

    Orange County, CA

    Salt Lake City, UT

    Phoenix, AZ

    Houston, TX

    Orlando, FL

    Phoenix, AZ

    Houston, TX

    Las Vegas, NV

    Orange County, CA

    Las Vegas, NV

    Stockton, CA

    Charleston, SC

    Austin, TX

    Brevard County, FL

    Top 50 Master-Planned

    Communities of 2018

    1Estimates Bold=Multiple MPCs on list 18,873 TOP 25 TOTAL

    UPDATED JANUARY 12, 2019

  • Top 50 Master-Planned

    Communities of 2018

    Top MPCs of 2017 | John Burns Real Estate Consulting

    RANK DEVELOPER NET SALES

    SOURCE: John Burns Real Estate Consulting, LLC (January 2019)

    PROJECT NAME 2018

    26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41

    42T 42T 44 45 46 47 48 49 50

    455

    451

    444

    435

    430

    425

    421

    420

    412

    409

    400

    385

    380

    370

    366

    365

    357

    357

    343

    339

    335

    334

    330

    328

    327

    CROSS CREEK RANCH

    VISTANCIA

    WESTSHORE

    STARKEY RANCH

    ALIANA

    HARMONY

    BARTRAM PARK

    HARVEST

    LATITUDE MARGARITAVILLE

    RIVER ISLANDS

    WILLOWSFORD

    TRADITION

    WHITNEY RANCH

    RIVERSTONE

    TEHALEH

    WOODFOREST

    VIRIDIAN

    BRAMBLETON

    THE WOODLANDS

    BANNING LEWIS RANCH

    WILDWOOD AT NORTHPOINTE1

    BALMORAL

    ALAMO RANCH1

    THE MEADOWS1

    HIGHLAND MEADOWS

    Johnson Development Corp.

    Vistancia Land Holdings/Stratford Land

    K Hovnanian, Lennar & DR Horton

    Wheelock Communities

    AIRIA Development Company

    Johnson Development Corp./Land Tejas Company

    Eastland Development Group

    Hillwood Communities

    Minto Communities

    River Islands Development

    Willowsford Management, LLC

    Tradition Land Company

    Sunset Ranchos Investors

    Johnson Development Corp.

    Newland Communities

    Johnson Development Corp.

    Johnson Development Corp.

    Brambleton Group LLC

    The Woodlands Dev Co/Howard Hughes Corp

    Oakwood Homes

    Friendswood Development Company (Lennar)

    Land Tejas Company

    Galo Properties

    Communities Southwest

    Landmark Investment Services, LLC

    1Estimates 28,491 TOP 50 TOTALBold=Multiple MPCs on list

    2018 LOCATION

    Houston, TX

    Phoenix, AZ

    Sacramento, CA

    Tampa, FL

    Houston, TX

    Houston, TX

    Jacksonville, FL

    Fort Worth, TX

    Daytona Beach, FL

    Stockton, CA

    Washington, DC

    Port St. Lucie, FL

    Sacramento, CA

    Houston, TX

    Tacoma, WA

    Houston, TX

    Dallas, TX

    Washington, DC

    Houston, TX

    Colorado Springs, CO

    Houston, TX

    Houston, TX

    San Antonio, TX

    Phoenix, AZ

    Lakeland, FL

    Top 50 Master-Planned

    Communities of 2018

    UPDATED JANUARY 12, 2019

  • 4Top MPCs of 2018 | John Burns Real Estate Consulting

    Top 50 Master-Planned

    Communities of 2018

    Amenities and Broad-Based Demand Drove Top 50 Masterplans’ Sales By Jody Kahn, Senior Vice President, and Devyn Bachman, Senior Research Analyst

    Broad-based demand supported a solid sales year for builders and developers. The surge in first-time buyer demand that we identified in 2017 continued to expand in 2018, benefitting many MPCs. Though numerous builders are shifting away from higher price points, move-up demand continued in 2018 at many masterplans, but at more subdued levels than earlier in the housing recovery. Strong demand among 55+ buyers also supported sales at the top 50 masterplans, in both age-targeted sections and mixed within the larger community.

    Amenities feed into the masterplans’ lifestyle. Masterplan developers continue to look for the newest ways to attract buyers to their masterplans, and unique amenities always seem to be a hot topic. From large investments, such as the Crystal Lagoon in Balmoral, to smaller investments like cornhole in Lakewood Ranch, the developers who create a sense of community by incorporating multiple demographic groups, while also generating social media buzz, reap the largest benefits.

    Giant sales increase at Balmoral With a 345% increase year over year, the Balmoral masterplan developed by Land Tejas on Houston’s northeast side wins the title for most improved sales, exploding from a partial sales year in 2017. Senior Vice President David Jarvis observes that Balmoral opened Texas’s first Crystal Lagoon amenity this year to great excitement. The developer has plenty of additional lots under development for 2019 sales.

    • A range of home sizes, types and prices and a variety of builders (with rare exceptions for especially large and well-segmented communities)

    • Consistent themes, such as signage, landscaping, lighting, street names, mailboxes, etc.

    • Shared or reciprocal amenities and activities for a variety of lifestyles

    • Branding and marketing that give the community a unique and well-recognized identity

    WE EXPECT A MASTER-PLANNED COMMUNITY TO HAVE:

  • 5Top MPCs of 2018 | John Burns Real Estate Consulting

    Top 50 Master-Planned

    Communities of 2018

    Supply constraints sometimes limited 2018 sales. Developers were challenged to deliver lots at a pace matching builders’ demand, and temporary lot gaps were common in many strong housing markets. Bad weather, development trade shortages, understaffed jurisdictions, and backlogged power companies created plenty of headaches.

    Two developers placed 4 or more MPCs each in the top 50. Johnson Development accounts for 6 of this year’s top 50 masterplans—5 in Houston and one in Dallas. In addition, Lennar claims 4 of the top 50 masterplans, including those developed by its Friendswood Development and Five Point Communities affiliates and through ventures with other builders. Several developers have 2 masterplans in the top 50, including Brookfield, DMB, The Howard Hughes Company, Land Tejas, Newland Communities, KB Home, DR Horton, and Stratford Land.

    Region

    SOURCE: John Burns Real Estate Consulting, LLC (January 2019)

    TexasSouthwest Florida Southern California

    5%

    10%

    15%

    20%

    25%

    30%

    Northern California

    Southeast Northeast

    24%

    10%

    22%

    28%

    36%

    24%

    12%

    20%

    Northwest Midwest

    8%

    4% 2%

    4% 4%

    0% 2%

    0% 0% 0%

    35%

    40%

    2018 Top 50 Masterplans by Region

    Top 50 Top 25

  • 6Top MPCs of 2018 | John Burns Real Estate Consulting