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National homebuilder enters Middle Peninsula market

May 1, 2015

Posted by J. Elias O’Neal on 4/30/2015 on Daily Press

A national homebuilder familiar with the Hampton Roads housing market is expanding its reach into the Middle Peninsula.

Hampton-based Virginia Enterprises Inc. recently entered into an agreement to sell 33 lots to Ryan Homes in Gloucester’s Dunston Hall community, according to a news release.

It will be Ryan Homes’ first venture into the Gloucester housing market — a positive sign that inventory in the area is low enough to support new housing construction.

Sam Worley and Ryan Fanelli with Richmond-based Commonwealth Commercial represented Virginia Enterprises Inc. during the transaction for an undisclosed amount.

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