Home Builders such as LGI Homes, Meritage Homes and M/I Homes continue to ride the wave of the surging home market as they acquire lots and gain approvals in some of the hottest markets including the Carolinas and Texas.
LGI plans to develop a 590-lot single-family community in Lancaster County, S.C. The company cleared a big hurdle recently as the county planning commission approved a needed rezoning request for the 278-acre site. The land is currently used for agricultural purposes. The development schedule calls for building 100 homes per year in the first five years with the final 90 homes built in year six. A start date has not yet been announced. Meritage Homes has purchased 40 acres in the Houston area where it plans to build 169 single-family homes. The community, called Central Park Square, will be built in Texas City. Homes will range in size from 1,831 s.f. to 2,991 s.f. with pricing expected to start in the mid-$200,000s. M/I Homes plans to build a 133-lot single-family community in Huntersville, N.C., in the Charlotte area. The company is in the process of gaining approvals to subdivide the 92-acre lot, with plans to start construction at the end of the year or in early 2022. The community, dubbed Cook Farm, will have lots averaging 7,835 s.f. with prices expected to be in the high $200,000s to the low $300,000s. For complete contact information for all business leaders at LGI, Meritage Homes and M/I Homes, consult The National Builders Directory + Online Database.
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