The U.S. Census Bureau recently released the 2022 net domestic migration report and certain states experienced a surge in net domestic migration with Florida (318,855), Texas (230,961), and the Carolinas (183,826). Florida has been a beacon of growth, boasting a remarkable 1.9% annual population increase in just one year. In the midst of rising interest rates, homeowners are opting to stay put, which has paved the way for a surge in new home sales especially in master-planned communities. Newly constructed homes during the first half of 2023 outpacing the figures from the same period last year, with estimates for June showing a 5.5% seasonally adjusted y-o-y increase. According to a report from JBREC, Texas and Florida snag 70% of the top 50 Master Plan Communities in the Southwest. In 2023, the acquisition of new homes in the leading 50 master plan communities saw a significant uptick, with over 34,000 home buyers recorded, marking a notable 24% surge compared to the approximately 28,000 transactions observed in 2022. 

The infusion of more modestly sized and affordably priced homes has become a pivotal force in sustaining the momentum of sales within master-planned communities. For instance, Lakewood Ranch, attributes a significant 20% increase in sales during the first half of 2023 to the introduction of new entry-level housing options. Meanwhile, The Villages master-planned communities in The Villages, Florida, is the nation’s number 1 top selling community, boosting a notable sales of 3,029 units in 2023. Florida is contributing to around 41% of sales among the ranked communities, closely followed by Texas at nearly 39%. Zooming in on the Lone Star State, the Houston Metropolitan Statistical Area (MSA) emerges as the top-performing metro, featuring 13 communities in the top 50, representing nearly 24% of all sales among the ranked master-planned communities. In this thriving landscape, Sunterra in Houston, Texas, secured a coveted third-place ranking with an outstanding 49% increase over the same period last year. The allure of MPCs, now more accessible than ever, is setting the stage for a momentous era in housing market dynamics.

Master-Planned Communities by Trueventus is aimed to equip professionals with insights and perspectives on the dynamic evolution of integrated MPCs in reshaping the urban landscape. Discover the latest trends, innovative projects, and strategic insights from industry leaders and experts. Explore the opportunities and challenges in creating sustainable, smart, and inclusive communities that cater to the evolving needs of residents and businesses alike.