RCLCO Mid-Year Report Ranks Summerlin® and Bridgeland® Among Nation’s Top-Selling Master Planned Communities
Howard Hughes Holdings' communities Summerlin and Bridgeland have been ranked among the top-selling master planned communities (MPCs) in the U.S., according to RCLCO's mid-year 2024 report. Summerlin, in Las Vegas, ranked #5 with 596 new homes sold, while Bridgeland, in Greater Houston, ranked #8 with 498 new homes sold.
Howard Hughes (NYSE: HHH) reports strong results, with a 163% increase in residential land sales revenues and a 35% increase in average price per acre compared to mid-year 2023. The company expects 2024 to be its best year for residential land sales in terms of price-per-acre and acres sold.
Both communities offer high-quality lifestyles, extensive amenities, and diverse housing options. Summerlin spans 22,500 acres with a growing job market, while Bridgeland features over 3,000 acres of parks and green spaces. The RCLCO report highlights that sales among top MPCs outperformed the broader new home market, with Houston and Las Vegas being the top-performing metropolitan areas.
Le comunità di Howard Hughes Holdings, Summerlin e Bridgeland, sono state classificate tra le comunità pianificate più vendute (MPC) negli Stati Uniti, secondo il rapporto di metà anno 2024 di RCLCO. Summerlin, a Las Vegas, si è posizionata al 5° posto con 596 nuove abitazioni vendute, mentre Bridgeland, nella Grande Houston, si è collocata all'8° posto con 498 nuove abitazioni vendute.
Howard Hughes (NYSE: HHH) riporta risultati solidi, con un aumento del 163% delle entrate dalle vendite di terreni residenziali e un incremento del 35% del prezzo medio per acri rispetto a metà anno 2023. L'azienda prevede che il 2024 sarà il suo miglior anno per le vendite di terreni residenziali in termini di prezzo per acri e di acri venduti.
Entrambe le comunità offrono stili di vita di alta qualità, numerosi servizi e diverse opzioni abitative. Summerlin si estende su 22.500 acri con un mercato del lavoro in crescita, mentre Bridgeland presenta oltre 3.000 acri di parchi e spazi verdi. Il rapporto RCLCO evidenzia che le vendite tra le MPC più importanti hanno sovraperformato il mercato immobiliare nuovo più ampio, con Houston e Las Vegas che rappresentano le aree metropolitane a migliore performance.
Las comunidades de Howard Hughes Holdings, Summerlin y Bridgeland, han sido clasificadas entre las comunidades planificadas más vendidas (MPC) en EE.UU., según el informe de mitad de año 2024 de RCLCO. Summerlin, en Las Vegas, ocupó el puesto #5 con 596 nuevas casas vendidas, mientras que Bridgeland, en el área metropolitana de Houston, se posicionó en el #8 con 498 nuevas casas vendidas.
Howard Hughes (NYSE: HHH) reporta resultados sólidos, con un aumento del 163% en los ingresos por ventas de terrenos residenciales y un incremento del 35% en el precio promedio por acre en comparación con la mitad del año 2023. La empresa anticipa que el 2024 será su mejor año para las ventas de terrenos residenciales en términos de precio por acre y acres vendidos.
Ambas comunidades ofrecen estilos de vida de alta calidad, una amplia gama de servicios y variadas opciones de vivienda. Summerlin abarca 22,500 acres con un mercado laboral en crecimiento, mientras que Bridgeland cuenta con más de 3,000 acres de parques y espacios verdes. El informe de RCLCO destaca que las ventas entre las MPC principales superaron el mercado de viviendas nuevas en general, siendo Houston y Las Vegas las áreas metropolitanas con mejor rendimiento.
하워드 휴즈 홀딩스의 커뮤니티 서머린과 브리짓랜드는 RCLCO의 2024년 중반 보고서에 따르면 미국에서 가장 많이 판매되는 마스터 플랜 커뮤니티(MPC) 중 하나로 평가받았습니다. 서머린은 라스베이거스에 위치하며 596채의 신규 주택이 판매되어 5위, 브리짓랜드는 휴스턴 대도시에 위치하고 498채의 신규 주택이 판매되어 8위를 기록했습니다.
하워드 휴즈(뉴욕 증권거래소: HHH)는 주거용 토지 판매 수익이 163% 증가하고 평균 가격이 2023년 중반 대비 35% 증가했다고 보고했습니다. 이 회사는 2024년이 가격당 면적과 판매된 면적 기준으로 주거용 토지 판매가 최고 성과를 낼 것이라고 예상하고 있습니다.
두 커뮤니티 모두 높은 품질의 라이프스타일, 다양한 편의 시설 및 다양한 주택 옵션을 제공합니다. 서머린은 22,500에이커를 차지하며 성장하는 고용 시장을 갖추고 있고, 브리짓랜드는 3,000에이커 이상의 공원과 녹지 공간을 자랑합니다. RCLCO 보고서는 주요 MPC의 판매가 전체 신규 주택 시장을 초과했으며, 휴스턴과 라스베이거스가 가장 성과가 좋은 대도시 지역이라고 강조합니다.
Les communautés de Howard Hughes Holdings, Summerlin et Bridgeland, ont été classées parmi les communautés planifiées les plus vendues (MPC) aux États-Unis, selon le rapport de mi-année 2024 de RCLCO. Summerlin, à Las Vegas, s'est classée 5ème avec 596 nouvelles maisons vendues, tandis que Bridgeland, dans la grande région de Houston, a pris la 8ème place avec 498 nouvelles maisons vendues.
Howard Hughes (NYSE: HHH) annonce de bons résultats, avec une augmentation de 163 % des revenus des ventes de terrains résidentiels et une hausse de 35 % du prix moyen par acre par rapport à mi-2023. L'entreprise s'attend à ce que 2024 soit sa meilleure année pour les ventes de terrains résidentiels en termes de prix par acre et d'acres vendus.
Les deux communautés offrent un mode de vie de haute qualité, de nombreuses commodités et des options de logement diversifiées. Summerlin s'étend sur 22 500 acres avec un marché de l'emploi en croissance, tandis que Bridgeland propose plus de 3 000 acres de parcs et d'espaces verts. Le rapport RCLCO met en avant que les ventes dans les principales MPC ont dépassé le marché global des nouvelles maisons, avec Houston et Las Vegas en tête des zones métropolitaines les plus performantes.
Die Gemeinden von Howard Hughes Holdings, Summerlin und Bridgeland, wurden laut dem Mid-Year 2024 Bericht von RCLCO zu den meistverkauften master-planned communities (MPCs) in den USA gezählt. Summerlin in Las Vegas belegte den 5. Platz mit 596 verkauften Neubauten, während Bridgeland in der Metropolregion Houston den 8. Platz mit 498 verkauften Neubauten erreichte.
Howard Hughes (NYSE: HHH) vermeldet starke Ergebnisse, mit einem Anstieg von 163% bei den Einnahmen aus dem Verkauf von Wohnbauflächen sowie einer Erhöhung des durchschnittlichen Preises pro Acre um 35% im Vergleich zur Jahresmitte 2023. Das Unternehmen erwartet, dass 2024 das beste Jahr für den Verkauf von Wohnbauflächen in Bezug auf den Preis pro Acre und verkaufte Acres sein wird.
Beide Gemeinden bieten eine hohe Lebensqualität, umfangreiche Annehmlichkeiten und vielfältige Wohnoptionen. Summerlin erstreckt sich über 22.500 Acres mit einem wachsenden Arbeitsmarkt, während Bridgeland über 3.000 Acres an Parks und Grünflächen verfügt. Der RCLCO-Bericht hebt hervor, dass die Verkäufe der Top-MPCs den breiteren Markt für Neubauten übertroffen haben, wobei Houston und Las Vegas die leistungsstärksten Metropolregionen sind.
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Howard Hughes Communities Deliver Strong Home Sales and Land Sales in First Half of 2024 Supporting Expectation of Record-Breaking Year for HHH Portfolio
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| Summerlin®, a Howard Hughes community in Las Vegas | Bridgeland®, a Howard Hughes community in the Greater Houston area | |
THE WOODLANDS, Texas, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Summerlin® and Bridgeland®, two of the award-winning communities in the Howard Hughes Holdings (NYSE: HHH) portfolio, have been ranked among the country's top-selling master planned communities (MPCs), according to a mid-year 2024 report released by national real estate consultant RCLCO. The Summerlin community in Las Vegas ranked #5 on the RCLCO list with 596 new homes sold during the first half of 2024, and Bridgeland, in the Greater Houston area, ranked #8 nationwide with 498 new homes sold by mid-year. Demand for homes in the amenity-rich, business-friendly environments of Howard Hughes communities continues to deliver strong results that support the company’s expectation of another year of record residential land sales in terms of price-per-acre and acres sold.
“The inclusion of two Howard Hughes communities in the top ten best-selling MPCs in RCLCO’s mid-year report is a testament to the exceptional high-quality lifestyle that they offer,” said David O’Reilly, Chief Executive Officer of Howard Hughes. “Our year-to-date increase in total home sales across the portfolio solidifies our expectation that 2024 will be the best year for residential land sales in the history of Howard Hughes. Our impressive mid-year results show a
SUMMERLIN
Spanning 22,500 acres, Summerlin continues to be one of the most sought-after and best-selling communities in the country, offering over 127,000 residents unparalleled access to nature and expansive commercial amenities in a business-friendly environment. The local job market has grown over two times faster than the national average, as recent corporate relocations and expansions by technology companies, sports teams, and entrepreneurs working across a variety of industries have attracted a workforce seeking an affordable, high-quality lifestyle.
Summerlin offers the greatest variety of housing options in the Las Vegas Valley—with 70 floor plans selling in nearly 20 neighborhoods at different price points and styles from some of the nation’s top builders—driving sizeable residential growth. Thanks to a heightened demand for new housing, Summerlin anticipates another record-breaking year for residential land sales to homebuilders in 2024 as well as continued strong demand for commercial amenities. In its 34th year of development, Summerlin has nearly 3,000 acres of raw land remaining, with three new commercial cores under planning and development throughout the community.
BRIDGELAND
Bridgeland is on pace in 2024 to meet or exceed its record for annual home sales set in 2023. The community continues to demonstrate significant and transformative growth that is expanding the urban landscape of the Houston region, attracting residents with access to more than 3,000 acres of parks, lakes, trails and green space within a quarter mile of every home, as well as top-rated schools and expanding job opportunities.
Residential home sales include a diverse range of home designs and price points throughout the community, including Creekland Village®, Parkland Village®, and Prairieland Village®, as well as the 925-acre urban district of Bridgeland Central®, which is emerging as a dynamic residential and commercial hub for Northwest Houston, featuring Bridgeland’s first H-E-B grocery store and Houston’s first mass timber office building.
According to the RCLCO report, sales among the country’s top master planned communities outperformed the broader new home market, as people are choosing communities that are highly amenitized, offer an exceptional quality of life, a variety of housing options, and short commutes. Houston was once again the top-performing metropolitan area with 13 communities in the top 50, with over 4,500 sales representing almost
About Summerlin®
Summerlin began to take shape in 1990 and has ranked in the country's top 10 best-selling master planned communities for nearly two decades. Located along the western rim of the Las Vegas valley, Summerlin encompasses 22,500 acres with approximately 5,000 gross acres remaining to accommodate future growth, including infrastructure, open space and common areas, all within the master plan. The community is currently home to nearly 127,000 residents who enjoy an unparalleled list of amenities. These include more than 300 neighborhood and village parks, more than 200 completed miles of trails, 26 public and private schools, 14 houses of worship, ten golf courses, shopping centers, medical and cultural facilities, business parks and dozens of actively selling floor plans. Homes are available in a variety of styles—from single-family homes to townhomes—with offerings in a wide price range, including custom homesites in The Ridges. Summerlin is recognized as one of the country's premier locations to raise a family and to operate a business, named MPC of the Year for 2020 by the National Home Builders Association. For more information, visit Summerlin.com.
About Bridgeland®
Bridgeland is an 11,500-acre master planned community located in Cypress, Texas, and is ranked among the top-selling master planned communities in the country. The National Association of Home Builders’ 2024 Master Planned Community of the Year opened in 2006 and offers a wide variety of housing options and extensive outdoor amenities, with a strong emphasis on conserving and enhancing the natural environment. Bridgeland, a LEED Pre-certified community, has over 3,000 acres dedicated to lakes, trails, and parks, and offers resort-style pools, 74 current parks, stocked lakes and complimentary use of kayaks, paddleboats, and other recreational opportunities for residents to promote a healthy and active lifestyle. Bridgeland Central®, the community’s emerging 925-acre urban district is now underway with 70-acre Village Green at Bridgeland Central and will help propel future commercial growth. Bridgeland is a Howard Hughes community and supports over 180 local causes and charitable organizations in the Houston region through the company’s HHCares program. For more information, visit Bridgeland.com.
About Howard Hughes Holdings Inc.
Howard Hughes Holdings Inc. owns, manages, and develops commercial, residential, and mixed-use real estate throughout the U.S. Its award-winning assets include the country’s preeminent portfolio of master planned communities, as well as operating properties and development opportunities including Downtown Columbia® in Maryland; The Woodlands®, Bridgeland® and The Woodlands Hills® in the Greater Houston, Texas area; Summerlin® in Las Vegas; Ward Village® in Honolulu, Hawaiʻi; and Teravalis™ in the Greater Phoenix, Arizona area. The Howard Hughes portfolio is strategically positioned to meet and accelerate development based on market demand, resulting in one of the strongest real estate platforms in the country. Dedicated to innovative placemaking, the company is recognized for its ongoing commitment to design excellence and to the cultural life of its communities. Howard Hughes Holdings Inc. is traded on the New York Stock Exchange as HHH. For more information, visit howardhughes.com.
Safe Harbor Statement
Statements made in this press release that are not historical facts, including statements accompanied by words such as “will,” “believe,” “expect,” “enables,” “realize,” “plan,” “intend,” “assume,” “transform” and other words of similar expression, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s expectations, estimates, assumptions, and projections as of the date of this release and are not guarantees of future performance. Actual results may differ materially from those expressed or implied in these statements. Factors that could cause actual results to differ materially are set forth as risk factors in Howard Hughes Holdings Inc.’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. Howard Hughes Holdings Inc. cautions you not to place undue reliance on the forward-looking statements contained in this release. Howard Hughes Holdings Inc. does not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after the date of this release.
Contacts:
Howard Hughes Holdings Inc.
Media Relations
Cristina Carlson, 646-822-6910
Senior Vice President, Head of Corporate Communications
cristina.carlson@howardhughes.com
Investor Relations
Eric Holcomb, 281-475-2144
Senior Vice President, Investor Relations
eric.holcomb@howardhughes.com
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FAQ
How did Summerlin and Bridgeland rank in RCLCO's mid-year 2024 report for top-selling master planned communities?
What increase in residential land sales revenues did Howard Hughes (HHH) report in mid-year 2024 compared to 2023?
How much did the average price per acre increase for Howard Hughes (HHH) in mid-year 2024?
What is the size of the Summerlin community in Las Vegas?
How many acres of parks and green space does Bridgeland offer?
