Laravel Homestead is an official, pre-packaged Vagrant "box" that provides you a wonderful development environment without requiring you to install PHP, HHVM, a web server, and any other server software on your local machine. Homestead runs on any Windows, Mac, or Linux system, and includes the Nginx web server, PHP 5.6, MySQL, Postgres, Redis, Memcached, and all of the other goodies you need to develop amazing Laravel applications.

HHVM uses a just-in-time (JIT) compilation approach to achieve superior performance while maintaining the flexibility that PHP developers are accustomed to. To date, HHVM (and its predecessor HPHPc before it) has realized over a 9x increase in web request throughput and over a 5x reduction in memory consumption for Facebook compared with the PHP 5.2 engine + APC.