Residential Developers

Blueprint for Housing Sustainability

Hobbs Housing Grounded in Livability, Affordability

Embedded in the world’s most active oil basin, Hobbs is striking success among residential developers.  With desirable annual salaries and growing families, Hobbs residents are house hunting for places to call home sweet home. Hobbs boasts a thriving community of residential developers dedicated to shaping the city’s housing landscape. These developers understand the unique needs and aspirations of Hobbs’ residents and future residents. They are committed to crafting exceptional living spaces that reflect the spirit and values of the community.

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Hobbs Housing Market a Beneficiary of the Growing Hobbs’ Business Community

Hobbs’ record-setting homebuilding is nearly as vibrant as the area’s oil and gas industry growth. As more production companies choose Hobbs, workers are seeking their own opportunity for a home in Hobbs.

Expansion continues with various multifamily and single-family developments underway. The City of Hobbs provides incentives to encourage development and opportunity for growth.

The Lea County’s most prominent residential developers have successfully completed construction in their prior phases and are actively engaged in the creation and expansion of new subdivisions, catering to the community’s demand for custom homes. Stuard Homes,  has completed the construction and sale of 384 homes in Hobbs and has recently embarked on a fresh development project named Trinity Estates, which envisions the construction of 380 new homes. Meanwhile, Lemke Homes has accomplished The Meadows and The Meadowlands, delivering approximately 170+ homes that have been both constructed and sold. The company has now began The Meadowlands Phase 2, with plans for an additional 50 new homes. French Brothers has made significant contributions to the Zia Crossing subdivision and Tanglewood Estates, and their recent endeavor, Liberty Crossing, is already in progress, promising to add to their impressive portfolio of residential developments.


Homes Needed by 2020 to Meet Demand 2,000
Median Sold Home Price $235,500
Existing Apartments 2,300+
Needed Apartments to Meet Population Growth 2,200+

Jennifer Grassham

President & CEO,
Economic Development Corporation of Lea County