March 19, 2024
How are master-planned communities financing and constructing public infrastructure? RCLCO has teamed up with Launch Development Finance Advisors to investigate and found that a significant majority of home sales within the 50 top-selling master-planned communities occurred within communities using special purpose taxing districts. In addition, Launch and RCLCO have calculated the estimated net proceeds for a sample home in the Top-50 MPCs using average prices.
Key Takeaways:
- Most top-selling master-planned communities (MPCs) in the country utilize some form of special financing district in their development. In fact, 87% of homes sales in RCLCO’s Top-50 MPCs of Mid-2023 occurred within a special taxing district
- A sampling of homes among the Top-50 MPCs in the country indicated an average annual district tax payment of $3,791 among MPCs that had a District in place. This translates to an annual payment worth 0.7% of average home values, or just over $316 per month on average
Every year since 1994, RCLCO has conducted a national survey identifying the top-selling MPCs through a rigorous search of high-performing communities in each state. Our most recent report, The Top-Selling Master-Planned Communities of 2023, highlights the top-line sales figures of the leading MPC’s. In conjunction, RCLCO has been partnering with Launch Development Finance Advisors for years on providing financing and infrastructure data for these top-selling MPCs See how MPC financing has changed from Mid-Year 2023, Year-End 2022, Mid-Year 2022, Year-End 2021, Mid-Year 2021, and Year-End 2020.
For more interactive data, be sure to check out the re-designed MPC Interactive Map, highlighting all past and present Top-50 MPCs
Disclaimer: Reasonable efforts have been made to ensure that the data contained in this Advisory reflect accurate and timely information, and the data is believed to be reliable and comprehensive. The Advisory is based on estimates, assumptions, and other information developed by RCLCO from its independent research effort and general knowledge of the industry. This Advisory contains opinions that represent our view of reasonable expectations at this particular time, but our opinions are not offered as predictions or assurances that particular events will occur.
