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Home My WebLink About%(FileName)r Additional Requirements for Corner Lots: - Minimum 3 windows. - Architectural feature in roof gable or "dipped" hip roof line with either an additional accent color or window. - Two 8' evergreens and eight shrubs. -. BEAZER HOMES All Ranch Homes: 1. Include architectural feature in roof gable. 2. Minimum of 4 shrubs along side elevation. The Reserve at Cool Creek Ranch Side Elevation - Corner Lot of .•orgia .,e7 Additional Requirements for Corner Lots: - Minimum 3 windows. - Architectural feature in roof gable or "clipped" hip roof line with either an additional accent color or window. - Two 8' evergreens and eight shrubs. BEAZER HOMES All Villa Homes: 1. Include architectural feature in roof gable. 2. Minimum of 4 shrubs along side elevation. The Reserve at Cool Creek Villa Side Elevation - Corner Lot I T. r. I � ? All Villa Homes adjacent to Keystone: 1. Covered Porch, Screen Porch or Sunroom. ra re in gable. 3. Includes side elation roof gable feature. '� 4. Minimum of 8 shWbs and 2 evergreen trees. THE RESERVE AT COOL CREEK m as a° i - NVI \ N N\\S �� `�.1 SMOKfV 3 L �M1F 1, U S , , , u° a \ \s�ohcA�kF o _ 1 1 E\ 1 1 � SMOKEY RIME TRAIL ----- LEGEND 3 RANCH HOMES VILLA HOMES E g Total reduction of 22 Villas E F (Replace with 14+/- Ranch Homes)""K`YROW ROAD 0 E CARMEL, INDIANA s NOT TO SCALE HWC OCrOBER 5, 2017 EN13INEERIM • John Burns Real Estates Consulting — 2016 Product and Consumer Insights Survey • Meyers Research • Broker Listing Cooperative (BLC) • US Census — Geographic Mobility by Selected Characteristics in the United States • Indiana Permits Report • Neustar Demographic Profile • Zonda Analytics • Beazer internal models BEAZER HOMES 1 55+HH: 10,432 Noblesville - 17,053 Ranch Demand: 231 Ranch }Tomes 22% of the total population L_ Fishers - 16,487 55+HH:10,224 19%of the total a Ranch Demand: (-170) Ranch homes population y2tal 55+ HH: 10,224 Ranch Demand: (-195) Ranch homes Lit: inaiiu Number of 55+ households 14,888 HH -(44% of the total households in Carmel) Projected Growth for next 5 years : 3,707 HH (24.9%) Total Projected Number of 55+ households by 2022: Projected Annual Home Sales: Supply Resale single story homes sold in the last 12 months: Estimated Single Story New Construction Total Estimated Supply of Ranch Homes 18,595 HH 1,302 Homes (7%*) 400 Homes** 130 Homes*** 530 Homes Demand in Carmel for single story homes exceeds the supply by 772 annually �^1 *Source: US Census. Historical percentage of total homes sold annually by owners 55+ years old. .i'V *• Source: Broker Listing Cooperative (BLQ. December2016 to November 2017 B EAZER *** Source: Indiana permits Data. Estimated 30% single story new construction homes is based on percentage of single story resole homes in Carmel over the post 12 months. Total new homes starts in Carmel for the lost 12 months is 431 permits HOMES Source: Neustar Age by Income Table (2) Age Group e 35 Total 35-44 Total 45-54 Total 55+ Total BEAZE1 % HOMES Annual Growth % Annual Growth # 2010-2017 Q4 2017 Q4-20ZZ Q4 2010-2017 Q4 2017 Q4-2022 Q4 1036 3% -1.5% 613 2% -1.2% 858 3% 5.1% 732 2°% 6.8% 676 2% 7-8% 303 1% 5.0% 1,538 5% 5,756 17% 50.3% ' 562 2°% -32% 385 1°% -3.6% 826 2% -02% 935 3% -0 9°% 907 3% -17% 436 1% -4.1% 1,761 6% 1.7% 5,811 17% -12.6% ' 474 1 3321%332 t% 672 2% -1.6% 870 3% -2.1% 1.095 3% -14% 638 2% -3-5% 3.193 9% 31°% 7274 22% ' -15.7% ' 1.695 5% -2.9% 1.500 4% 4 7°% 2,122 6% 7.9% 1,647 5% 5 9% 1.834 5% 7 6% 955 3% 3 5% 5.134 15% 16.2°% 14,887 44% 42.9% ' Source Neustar -0.1% -17 0 6°% -8 17% 32 17% 34 4.1% 34 3 8% 11 1 4% 146 13.2% 232 0 4% -23 -1.2% -19 -04% -2 -0.1 % -9 -0.7% -18 -1.0% -25 -04% 27 3.5% -08 16°% -38 -04% -26 0 0% -12 0 3% -21 -12% -17 4.91A -30 -1.3% 82 -2.5% -62 8 3% - 42 _ -1.2% 53 1 4% 108 3 6% 69 3 9% 91 3 2°% 27 4 6% 389 24.9% 675 Data as of flcvembe, 2017 -1 4 14 12 26 12 21 90 2 -5 -3 -1 -7 -8 -25 7 -1 0 3 -13 -10 n -55 158 -18 29 59 71 31 247 576 • 77% of 55+ home shoppers want to buy a newly constructed home instead of a resale home • 74% of 55+ home shoppers prefer a popular, central location near the inner suburbs • 51% of 55+ home shoppers desire a smaller home — 26% want 1,500 to 1,999 square feet — 33% wanting 2,000 to 2,499 square feet • 33% of 55+ home shoppers showed a strong preference for an attached one-story home • 63% of 55+ home shoppers prefer a home with two -car garage. �� BEAZER HOMES Source: John Burns Real Estates Consulting How Likely will you consider Buying the following Liker Scale, 1-4 based on importance; % equals important (3) or very important (4) New Home 77% Buy a lot, design, and build my own home 24% Resale 26% Remodel Existing Homes 5% Foreclosure 7% Which type of home would you prefer to purchase next? One- Story single family detached 0% One-story home attached 3% Two -Story family detached 13% two-story townhome 13% What will the size of your next home be relative to your current homes? maller in size 51% E ual in size 34% Lar er in size 15% What size of home are you looking for? 1,000 to 1,499 SF 7% 1,500 to 1,999 SF 26% 2,000 to 2,499 SF 33% 3,000 to 3,999 SF 21% 000 + SF 10% BEAZER HOMES rage nome age Carmel at the desirable square is 34 vears old Garage Size Preferences 1 Car Garage 3% 1 Car + Covered space 2 2 Car Garage 6 3 Car Garage 36 Car Garage 1% Source: John Burns Real Estate Consulting/Broker Listing Cooperative (BCC) BEAZER ^, - S A place to get away from everything ■ A popular location where there is retail, entretainment, and activites to enjoy Source: John Burns Real Estate Consulting N ✓� BEAZER HOMES Top Permitting Communities from June 2016 to June 2017 Rank Community Name Builder Location Avg Permits per Month 1 Walker Farms -Walker Farms Villas Beazer Whitestown 9.2 3.0 2 Hunters Run Pulte Fishers 7.1 3 Harmony Estridge Westfield 5.8 4 Homecoming at University Park Ryan Greenwood 4.6 5 Viking Meadows Pulte Westfield 4.6 6 Cotswold at Village of Oak Manor Beazer Westfield 4.4 7 Keeneland Park Beazer Westfield 4.4 8 Clark Meadows Pulte Boone 4.4 9 Lake Forest Pulte Noblesville 4.3 10 Hession Fields Pulte Brownsburg 4.3 11 Blackthorne Villas Westport Plainfield 4.1 12 Devonshire Westport Avon 4.0 13 South Lake CalAtlantic Greenwood 4.0 Source: Permit Reports/Indiana Counties • Homebuyers & prospects for Cotswold at Oak Manor 35% 30% 25% 20% 15% 10% 5% 0% - Total Homes Sold: 40 - Price Range: $196k - $306k - Community sold out in 9 months (opened in July/16 —sold-out in March/17) 32% 20% CARMEL BEAZER HOMES Cotswold at Oak Manor Traffic 23% 20% HkKl 11% INDIANAPOLIS WESTFIELD ■ Tarffic • Buyers wawa ( yaw"� • • • • •' P i • .f • a % a - t f 19% 1 NOBLESVILLE Source: Beazer Homes Internal Data Ej Based upon each of the inputs we reviewed to this point, Beazer Homes then builds a demand model, filtering and adjusting for consumer demographics, preferences, location, price point, features, etc. • The Reserve at Cool Creek Demand Model — Villas: 3.1 sales/month — Single story: 2.5 sales/month BEAZER HOMES Q