SUMMERLIN® RANKS #6 NATIONALLY FOR TOP-SELLING MASTER-PLANNED COMMUNITIES IN 2015
Summerlin moves up 9 spots on RCLCO top ten list from #15 in 2014
Twenty-five years after development commenced, Summerlin®, the largest and premier master-planned community in the Las Vegas valley, had new home sales in 2015 topping the 600 mark and earning the community the #6 ranking on a list of best-selling master-planned communities in the country, according to the annual report released by real estate consultant, RCLCO. Developed by Dallas-based The Howard Hughes Corporation® (NYSE: HHC), Summerlin moved up nine spots on the list from the #15 position in 2014, an increase of nearly 40 percent year-over-year with 2014 home sales of 437. Summerlin is the highest ranking Nevada master-planned community and one of only two in Nevada to make the list.
The report, which noted strong employment and income growth in the west, credited the success of Downtown Summerlin®, the 106-acre shopping, dining and entertainment destination in the center of the community, along with the addition of a new village as key factors in the community’s increase in home sales. In 2015, Summerlin opened eight neighborhoods by six home builders and ended the year with 80 floorplans selling in 18 new neighborhoods by home builders Christopher Homes, KB Home, Lennar, Pulte Homes, Richmond American Homes, Ryland Homes, Toll Brothers, William Lyon Homes and Woodside Homes.
To read the full RCLCO report visit: http://www.rclco.com/advisory-top-selling-mpcs-2015?utm_source=January+5%2C+2016+-+Top-Selling+MPCs+of+2015&utm_campaign=Advisory-RCLCO-2015-Top-MPC-2016-01-5&utm_medium=email.
To learn more about Summerlin visit Summerlin.com.
Developed by The Howard Hughes Corporation, 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 7,000 gross acres still remaining to accommodate future growth, including infrastructure, open space and common areas, all within the master plan. The community is currently home to more than 100,000 residents who enjoy an unparalleled list of amenities. These include more than 150 neighborhood and village parks, more than 150 completed miles of trails, 22 public and private schools, 14 houses of worship, nine 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 and condominiums– priced from the $200,000s to more than $2.5 million. For information on custom homesites in The Ridges please call 702.255.2500. Luxury apartment homes offer monthly rents starting from the $900s. Visit www.summerlin.com for more information.
About The Howard Hughes Corporation®
The Howard Hughes Corporation owns, manages and develops commercial, residential and mixed-use real estate throughout the U.S. Our properties include master planned communities, operating properties, development opportunities and other unique assets spanning 16 states from New York to Hawai‘i. The Howard Hughes Corporation is traded on the New York Stock Exchange as HHC and is headquartered in Dallas, TX. For additional information about HHC, visit www.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,” “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 The Howard Hughes Corporation’s filings with the Securities and Exchange Commission, including its Quarterly and Annual Reports. The Howard Hughes Corporation cautions you not to place undue reliance on the forward-looking statements contained in this release. The Howard Hughes Corporation 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.
Faiss Foley Warren Public Relations
The Howard Hughes Corporation