National Homebuilder D.R. Horton Purchases 158-Acre Parcel in Gastonia, NC

Transaction paves the way for 300 new single-family homes in growing Gaston County.

Charlotte, North Carolina (April 7, 2022) – Land Advisors Organization’s Charlotte office is pleased to announce the $3.465 million sale of 158.32 acres to national homebuilder D.R. Horton, Inc. The site, which D.R. Horton plans to develop into more than 300 single family homes, is located on Forbes Road and Highway 321 in Gastonia, North Carolina.

D.R. Horton is planning to begin developing the detached single-family home subdivision this spring, with the first homes likely to complete in the Spring of 2023. The sale of the land parcel to D.R. Horton on behalf of a local land investment owner was exclusively handled by Forde Britt, Designated Broker for Land Advisors Organization’s Charlotte office.

“There is unprecedented interest and incredible growth in southern Gaston County,” Britt said. “D.R. Horton and many other homebuilders continue to seek out large land positions in areas like this as the demand for new homes continues.”

Increasing demand in the Charlotte area, due to individuals seeking new more spacious living situations and in-migration across the state combined with the low supply of inventory and low interest rates, have homebuilders branching out to secondary markets like Gastonia and beyond. Prior to COVID-19, most builders had two or three months of inventory. Recently, inventory is being reported to be less than one month, bringing builders to new areas that meet their customers’ needs in terms of convenient transportation corridors and desirable lifestyle amenities.

About Land Advisors Organization

Founded in 1987, Land Advisors Organization is the nation’s largest land brokerage firm specializing in providing deep market insights to landowners and purchasers for the most comprehensive and effective evaluation of land in markets across the country. By integrating current local market information with cutting-edge technology and geographically specialized professionals, Land Advisors Organization advises clients in identifying and capitalizing on valuable land opportunities in all economic environments. Land Advisors Organization serves landowners and purchasers from offices in Phoenix, Tucson, Casa Grande and Prescott, Arizona; Irvine, San Francisco, Century City, Pasadena, Roseville and San Diego, California; Orlando, Jacksonville and Tampa Bay, Florida; Atlanta, Georgia; Charlotte, North Carolina; Nashville, Tennessee; Boise, Idaho; Las Vegas, Nevada; Albuquerque, New Mexico; Austin, Houston and Dallas-Fort Worth, Texas; Salt Lake City, Utah and Seattle, Washington. Stay connected with us on Twitter, Facebook and LinkedIn.

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Media Contact: Patty Johnson, Connections Marketing & Communications or 602.402.2965