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

Howard Hughes Communities Distinguished by Strong New Home Sales

THE WOODLANDS, Texas, Jan. 05, 2024 (GLOBE NEWSWIRE) -- 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.