David O’Reilly, CEO of Howard Hughes Holdings, recently joined CNBC’s ‘The Exchange’ to discuss the factors driving new home demand and the company’s focus on planned communities.
O’Reilly highlighted the growing demand for new homes, particularly in areas with strong job growth and high quality of life. He noted that planned communities offer a unique proposition to homebuyers, providing a sense of community, walkability, and access to amenities.
The CEO discussed several examples of successful planned communities developed by Howard Hughes Holdings, such as Summerlin in Las Vegas and The Woodlands in Houston. These communities have been designed with a focus on sustainability, connectivity, and a mix of residential, commercial, and recreational spaces.
O’Reilly also touched on the challenges and opportunities presented by changing consumer preferences. He noted that homebuyers are increasingly seeking homes with flexible living spaces, outdoor amenities, and access to technology. Howard Hughes Holdings is responding to these trends by incorporating smart home features and offering a variety of home designs to meet the diverse needs of buyers.
The interview concluded with O’Reilly emphasizing the importance of innovation and technology in real estate development. He shared that Howard Hughes Holdings is actively exploring the use of artificial intelligence, virtual reality, and other cutting-edge technologies to enhance the homebuying experience.
