Sprout Tiny Homes (STHI)

[savvystocks]

Tiny Home Community Constellation ATX Launching Soon

80 lots are available for reservation today for $500 and will be coming up for sale on March 1st for a tiny home community built from the ground up in Austin, TX. The developers are selling it as an affordable housing choice for millennials and retirees. They will even have financing available (sounds like 30-year mortgages).

Here are some links to recent articles/press they have received in case you want to learn more:

* https://kut.org/post/developers-respond-austins-growing-housing-prices-more-tiny-homes
* http://austin.culturemap.com/news/real-estate/01-04-18-tiny-homes-austin-community-development-constellation-atx-stage-coach/
* https://communityimpact.com/austin/southwest-austin/development-construction/2018/01/03/developers-bring-tiny-home-project-old-manchaca-road/

As a reminder Sprout inked a $26m contract for up to 275 homes. This is the first community to launch with a second one forming in Kyle, TX later in 2018.

Read more: https://globenewswire.com/news-release/2017/12/20/1267051/0/en/Sprout-Inks-26M-Contract-For-Up-To-275-Homes.html

Also announced, the annual Tiny House and Simple Living Jamboree will be in Austin this summer, August 23-26th, with the 25th and 26th open to public. That will be an opportunity to check out this community for anybody able to attend.