Fuqua Tiny Home Community — Market Update: Why the Entry-Level Housing Segment Gives Us Confidence

We want to share a simple market update to help investors understand why we continue to feel confident about Fuqua Tiny Home Community.

The broader Houston housing market is no longer a “sell anything immediately” market. Buyers have more choices now, and pricing matters more than before. But this is exactly why our product type — smaller, lower-total-price homes in a planned community — is becoming more relevant.

1. Houston buyers are still active, especially when the price is right

According to the Houston Association of Realtors, the Greater Houston market showed continued buyer activity this summer. In June 2026, single-family home sales increased 3.5% year-over-year, and pending sales increased 12.3%, showing that buyers are still in the market when homes are priced correctly. HAR also noted that the $150,000–$249,999 price range increased 14.4% year-over-year in June, while the larger $250,000–$499,999 segment declined slightly.

In May 2026, pending sales reached the highest level since May 2022, and HAR reported that the $150,000–$249,999 price range still increased 2.7%, even while overall single-family closings were down.

This is important for Fuqua because our homes are positioned in the lower-total-price entry-level ownership segment — the part of the market where affordability matters most.

2. Our local submarket is moving faster than before

Looking specifically at ZIP code 77048, Redfin’s June 2026 data shows that homes sold after an average of 30 days on market, compared with 52 days last year, and the number of homes sold increased 8.0% year-over-year.

For nearby South Houston, Redfin reported that homes sold after an average of 19 days on market, compared with 34 days last year, and the number of homes sold increased 49.0% year-over-year in June 2026.

This suggests that the surrounding entry-level and affordable ownership market is not frozen. In fact, in our immediate area, properly priced homes appear to be moving faster than last year.

3. Nearby builder activity supports our market thesis

We are also tracking nearby new-construction communities. Based on our broker and MLS monitoring, the nearby D.R. Horton community has recently been selling at approximately eight homes per month.

This point is meaningful, but it should be described carefully: this is based on our internal market tracking and broker feedback, not a single public headline number. For public-facing materials, we recommend writing it as:

“Based on broker feedback and our MLS monitoring, a nearby national-builder community has recently shown an absorption pace of approximately eight homes per month.”

This gives investors confidence without overstating the source.

4. Why this matters for Fuqua

The key takeaway is simple: buyers are still buying, but they are more price-sensitive. That works in favor of Fuqua because our homes are designed around:

• lower total purchase price

• efficient floor plans

• new-construction product quality

• community design and security

• a price point below many nearby new-construction alternatives

In today’s market, affordability is not just a discount strategy — it is the product strategy.

Data Sources

This update is based on public market data from the Houston Association of Realtors and Redfin, together with our internal broker / MLS monitoring of nearby builder activity.

Important Note

This update is provided for informational purposes only and does not constitute an offer to sell or a solicitation to buy securities. Any offering, if made, will be made only through the Company’s Private Placement Memorandum and related subscription materials.