RCLCO Ranks Summerlin® and Bridgeland® Among Nation’s Top Five Best-Selling Master Planned Communities of 2023

THE WOODLANDS, TX -- Summerlin® and Bridgeland®, two of the award-winning communities in the Howard Hughes Holdings Inc. (NYSE: HHH) portfolio, have been ranked among the nation’s top five best-selling master planned communities (MPCs) for 2023, according to the year-end report released by national real estate consultant RCLCO. Summerlin, in Las Vegas, Nevada, ranked #4 on the RCLCO list with a 39% increase in new home sales year-over-year, and continues to be Nevada’s highest-ranking MPC. Bridgeland, in the Greater Houston, Texas area, ranked #5 nationally with a 74% increase in new home sales year-over-year, making it one of the top-selling communities in Texas.

“The inclusion of two Howard Hughes communities, Summerlin and Bridgeland, in the top five on RCLCO’s 2023 national list of best-selling master planned communities demonstrates the record-breaking momentum of new home sales across our national portfolio,” said David R. O’Reilly, Chief Executive Officer for Howard Hughes. “In 2023, Howard Hughes communities experienced a 113% year-over-year increase in new home sales, and a 43% year-over-year increase in land sales. These numbers, and the recent RCLCO rankings, illustrate the strong demand for the high-quality and amenity-rich lifestyle of our communities that are attracting today’s top talent and the companies that are relocating to capitalize on a highly sought-after workforce and business-friendly environment.”

In 2023, home sales among the country’s 50 top-selling master planned communities experienced a nearly 14% increase. The substantially greater increase in Howard Hughes’ 2023 sales demonstrates the strength of the company’s portfolio, its expertise as community builders, and its commitment to responsible stewardship and long-term sustainable growth.

SUMMERLIN
Summerlin continues to be Nevada’s top-selling community with 1,090 new homes sold in 2023. According to Karl Pischke, principal with RCLCO Consulting, Summerlin leads all ranked communities in total appearances on RCLCO’s national list of top-selling MPCs, with over 27 years in the top 25.

“Summerlin’s long-running top ranking speaks volumes about its enduring appeal,” said Pischke. “It’s an impressive run and a distinction held by no other community in the country.”

Summerlin continues to deliver more amenities than any other community in Southern Nevada—including over 300 parks; over 200 miles of interconnected trails; resident-exclusive community centers; ten golf courses; 26 public, private and charter schools; a public library and performing arts center; Summerlin Hospital Medical Center; houses of worship representing a dozen different faiths; office parks; and neighborhood shopping centers. Downtown Summerlin®, the community’s walkable urban center, includes the Red Rock Casino Resort & Spa; City National Arena, home of the National Hockey League’s Vegas Golden Knights practice facility; and Las Vegas Ballpark®, a world-class Triple-A baseball stadium and home of the Las Vegas Aviators®.

“Summerlin continues its remarkable trajectory—entering its 34th year as, once again, one of the country’s top-selling communities,” said Frank Stephan, President of the Nevada Region for Howard Hughes. “Summerlin’s sales exceeded our 2023 projections as Las Vegas continues to be a leading destination for domestic migration as people seek their ideal lifestyle, and companies follow to take advantage of a thriving workforce in a business-friendly environment. As we continue to develop our remaining acreage, including new development at Downtown Summerlin—the vibrant urban core of the community that serves as its central gathering place offering dining, shopping, entertainment, and sports—we expect the driving momentum behind strong home sales to continue.”

During 2024, development will also continue in Summerlin West, comprising over 5,000 acres of high desert framed by the Red Rock Canyon National Conservation Area and La Madre Mountain Wilderness Area. Anticipated openings include five new neighborhoods plus new parks and open space, as well as the development of Summerlin’s newest village, Grand Park.

BRIDGELAND
Bridgeland set an all-time record high for new home sales in 2023—selling 985 homes and ranking as the #2 top-selling master planned community in Texas and #5 in the nation on RCLCO’s annual report.

“In 2023, Bridgeland sold the most homes in its 17-year history as it enters a dynamic new chapter of growth and expansion, starting with Chevron’s acquisition of over 77 acres in Bridgeland Central—marking a pivotal moment for Bridgeland as the community enters its next phase of development as both a sought-after residential community and leading job center for the region,” said Jim Carman, President of the Houston Region for Howard Hughes. “With the commercial development of Bridgeland Central, the community’s emerging 925-acre downtown, Bridgeland is positioned to transform the Northwest Houston region, attracting businesses and their target employees who want to live and work in a community that offers an exceptional quality of life, abundant amenities, and housing options to meet growing demand.”

Bridgeland celebrated the grand opening of its fourth village in October 2023 and announced Village Green at Bridgeland Central®, a commercial development to be anchored by an over 100,000-square foot H-E-B, the top-ranked Texas-based grocery store, and a 49,000-square-foot, three-story mass timber office building, the first of its kind in the Greater Houston area.

Bridgeland is currently home to approximately 21,000 residents and is projected to reach nearly 70,000 at full buildout as homebuyers flocking to Texas continue to choose Bridgeland because of the unique nature of the community that sustainably integrates parks, lakes, and trails throughout its master plan. According to RCLCO’s recent report, the Houston MSA was the top-performing metropolitan area in the nation, representing 23% of all sales among top-ranked MPCs.

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