Century Communities and KB Home Partner on Massive Phoenix Master-Planned Community
What happened
Century Communities and KB Home announced a partnership to develop Teravalis, a master-planned community located 40 miles west of downtown Phoenix. The vast tract of land is entitled for up to 113,000 homes, and could potentially reach over 130,000 homes at full build-out.
From housingwire.com
Why it matters
The project is slated to become one of the largest master-planned communities in the United States. The scale of housing construction involves building a massive number of homes, which could drive significant demand for regional infrastructure and services in the area.
From housingwire.com
Who's involved
- Century CommunitiesPartnering in the community development of Teravalis
- KB HomePartnering in the community development of Teravalis
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Century CommunitiesSpeculative
Century Communities might secure significant new revenue from the partnership in Teravalis.
- KB HomeSpeculative
KB Home might secure significant new revenue from the partnership in Teravalis.
- Maricopa CountySpeculative
Maricopa County could see increased county tax revenue and service demand due to population growth.
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The entities involved
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Century Communities
American home builder company
Nothing else this week.
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KB Home
American home builder