Howard Hughes Holdings (HHH) announced the first four homebuilders for the launch of Teravalis, the company’s new 37,000-acre community in the Phoenix West Valley. Lennar (LEN), Brightland Homes, KB Home (KBH), and Courtland Communities will build the initial homes in Floreo, the first village being developed in Teravalis, that is expected to deliver the community’s first 5,000 homes to the market over the next decade.
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