Top 20 Master Planned Communities
Mid-way through the year and much remains the same when it comes to finding the top master planned communities (“MPCs”) in the country. Texas and specifically, the Houston housing market, remain the hottest location. Seven of the Top 20 Master Planned Communities around the country were located in the Houston market, with San Antonio and Dallas-Fort Worth also gaining recognition on the list ranked by Annual Starts and as reported by Metrostudy’s quarterly lot-by-lot survey.
Aside from the healthier job and local economies within the state, other characteristics of these top MPCs predominantly share is: close proximity to employment centers and services, open space, walk-able amenities, town centers, and themed lifestyles. Additionally, these communities are well established with a known brand, and offer a diverse selection of price points, appealing to most homebuyer segments.
- Highlights from the Top 20 Master Planned Communities:
• Outside of Texas, there were three communities from Florida, two in Nevada, two in California, with Utah, Virginia, North Carolina and Colorado each including one community on the list.
• The Villages remains the top MPC in the country with 2,374 annual new home starts through 2Q11. This accounted for approximately 38% of all start production in the Central Florida market. This was the highest single market capture rate among the communities, followed by Daybreak in Salt Lake City, Utah with 28%, Woodbury with 19% of Orange County, California and Alamo Ranch with 19% of San Antonio, Texas.
• 10 of the 20 MPCs started more homes during the past 12 months compared to the previous 12 months.
• Four of the communities on the list are less than 15% away from build-out (Woodlands, Sienna Plantation, Portola Springs, & Cinco Ranch).
• Four developers had two MPC’s on the list each. Newland Communities (Houston), The Irvine Company (Southern California), Focus Property Group (Las Vegas, and Johnson Development (Houston).
(Note: Click on the chart to view a larger image)
There were six new additions to the list over the last six months including: Monterra, Portola Springs (part of the Irvine Ranch), Stapleton, Riverstone, Heritage Wake Forest, and Shadow Creek Ranch.
Those communities falling off the list during this time include: Miami River Village, Heritage Bay, Castle Hills, Westheimer Lakes, Firethorne, and Lely Resort.
These results are based solely on the Metrostudy lot-by-lot housing survey. Results are not based on a phone survey to individual developers, nor homebuilders. Metrostudy’s independent survey monitors the supply of detached and attached homes on a quarterly basis. In most markets, our survey tracks all condominium, townhome, duplex, and single family construction activity. The survey allows us to consistently and accurately track the size of the total market, as well as supply and demand within various levels of each market. Further, it helps to establish the depth of each market and the scope of the competition. The information included within this report has been collected in the field by Metrostudy staff, driving and surveying every lot in every community, within each market surveyed. Rankings are based on the annual start activity of each master plan surveyed under this methodology.
For a list of the top 20 master planned communities ranked by annual closings and/or vacant developed lots, or for further information, please contact Tom Hayden at firstname.lastname@example.org