Two Hoover subdivisions are adding new homes.
The Preserve and Blackridge subdivisions received final approval from the Hoover Planning and Zoning Commission to add 179 new residential lots. Preliminary plans were given the go-ahead for an extra 54 residential lots in Blackridge.
According to the Hoover Sun, the lots were part of a master plan approved by the city years ago but the developer came before the entity again to discuss construction of the homes. Seventy-five of homes are in the 15th phase of The Preserve, 59 are in the second phase of The Foothills at Blackridge, and 45 are in the eighth phase of Blackridge South.
The Preserve, a project developed by U.S. Steel, has lots ranging from 6,000 square feet to about 20,000 square feet. Phase two Foothills at Blackridge lots range from 11,250 square feet to 13,500 square feet. Sites in the eighth and 10th phases of Blackridge South are about 8,125 square feet.
The additional home inventory comes at a time when homebuyers are wrestling with higher interest rates and a lower inventory compared to past years. Millennial homebuyers are also increasing in frequency.