The latest mid-year survey from RCLCO Real Estate Consulting reveals that new home sales in the 50 top-selling master-planned communities (MPCs) of 2024 have remained relatively stable. The survey found that these MPCs experienced a decline of less than 1% in sales when compared to the top-selling communities of mid-year 2023.

Gregg Logan, Managing Director at RCLCO, attributed the continued demand for MPCs to the appeal they hold for consumers in the current economic climate. "Master-Planned Communities remain a 'haven' for consumers amid elevated interest rates and economic uncertainty," said Logan.

The survey data also showed that sales among the top MPCs outperformed the broader new home market. In the first half of 2024, sales of single-family homes nationally were 1.1% lower compared to the same period in 2023.