Houston Home to 5 of Nation's Top 10 Communities for New-Home Sales: Study

April 28, 2009

Newland Communities only developer reporting 2008 sales gains; only developer with 3 communities on list HOUSTON--(BUSINESS WIRE)--Houston is home to five of the nation's top 10 communities for new-home sales in 2008, according to a new study just released by RCLCO, a leading independent real estate advisory firm which has compiled the annual list since 1994. In addition to having more top-selling communities than any other city on the list, Houston also has the only communities on the list – all developments of Newland Communities – to report positive sales gains for 2008 over 2007. In Houston, Newland Communities' Cinco Ranch development ranked No. 2 on the list, with 775 new-home sales for 2008, representing a 7% increase over 2007. Telfair, also by Newland Communities, had the highest percentage gain on the list – 13% – with 412 new-home sales. A third Newland Communities development, Eagle Springs, ranked No. 10 on the list with 274 new-home sales, a 2% increase.

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