I don't work for K. Hovnian so I can't claim to have any particular insider knowledge, but here's my thoughts. To begin with it's a niche product; you must be 55 or older to purchase in this development as it was designed specifically as an active adult community. Currently they have 11 homes on the ground 2 of which are under contract. In terms of building more my guess is their lender won't permit it until a few more are sold. This is very common in today's environment and lenders are anxious about letting builders get to far ahead of themselves.
These active adult communities are a relatively new product here in the Triangle. There are half a dozen or so, and all came into being within the past 5 or 6 years as far as I know, Over the next 3-5 years I personally believe you'll see some others and it's not uncommon for newer market concepts to take a little time to catch on.
The homes and townhouses themselves are very attractively priced and offer what I think is excellent value, and while very conveniently located in many ways I wondered from the beginning if the proximity to RDU might have a negative impact on their sales as buyers may have concerns about flight noise.
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