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Category Archives: Residential

Houston Home Sales Running 4 Percent Higher Than 2013′s Record Pace

HOUSTON – Single-family existing home sales in March were up about 4 percent over March of last year, according to the Houston Association of Realtors. “It’s not slowing down any that’s for sure, and we’re certainly seeing a very positive movement in the upper-end,” says Cheri Fama, president of John Daugherty Realtors. Across Houston, the inventory of home for sale ... Read More »

Houston Home Building to Churn Until 2018

HOUSTON – Houston has more new home construction than any other city in the nation and the building boom is going to get even more intense in the next few years, before some softness occurs in 2018, a national housing consultant predicts. “Construction is growing much faster here than anywhere else and the economy is much stronger than anywhere else,” ... Read More »

Houston Home Buying Binge Continues

HOUSTON – Houston homes sales were up 8.3 percent in February, compared to February of 2013, as home prices rose to record-setting levels last month, the Houston Association of Realtors reported. With inventory at record lows, the average single-family home price was up more than 12 percent from a year ago, Houston Association of Realtors reported. “I think prices will ... Read More »

Houston Led Nation in Housing Starts in 2013; And 2014 Looks Even Better

LAS VEGAS – Houston led the nation in single-family home starts last year with a significant lead over the No. 2 market, Dallas, according to Metrostudy, a housing consulting firm. With job growth in full force, Houston area home builders accounted for 28,339 housing starts in 2013. Houston was followed by Dallas-Fort Worth at 21,200 and No. 3 Atlanta with ... Read More »

Hillwood Starts New 1,000-acre Pomona Community South of Houston; Deal Comes Only Weeks After Hillwood Sold Off Sienna Plantation for $78 Million

MANVEL, Texas – Hillwood Communities, in partnership with McGuyer Homebuilders Inc. has announced plans for its first Houston-area master-planned community, Pomona off of Highway 288 in Manvel, south of Houston. Hillwood describes the 1,000-acre project as a “relaxed coastal community.” The $700 million project will have 2,100 single-family homes. The first phase of Pomona will break ground in spring 2014 ... Read More »

Toll Brothers Breaks Ground on Northwoods, a 700-acre Project Near New Exxon Mobil Campus

HOUSTON – Toll Brothers, a leading builder of luxury homes, and Texas based Cernus Development will develop Northwoods, a 692-acre master-planned community north of Houston, near the new Exxon Mobil campus. Northwoods will feature 1,000 single-family homes built by Toll Brothers and other high-end home builders. Northwoods is located just south of the future Grand Parkway expansion and only 6 ... Read More »

Nation’s Existing Annual Home Sales Hit Highest Point Since 2006

WASHINGTON – Existing-home sales 2013 were the highest annual total, and median prices maintained strong growth, according to the National Association of Realtors. For all of 2013, there were 5.09 million sales, which is 9.1 percent higher than 2012. It was the strongest performance since 2006 when sales reached an unsustainably high 6.48 million at the close of the housing ... Read More »

Toll Brothers Group Buys 3,700 Acres in Fort Bend – Reported Price Tag is $78 Million

HOUSTON – Toll Brothers, Inc., a leading builder of upscale homes, in a joint venture with GTIS Partners, have acquired the 3,700-acre Sienna South, the last major undeveloped parcel of Sienna Plantation master planned community in Fort Bend County. The purchase price was not disclosed but the Wall Street Journal pegged the value of the deal at $78 million. The ... Read More »

Best Year Ever: Houston Home Sales Hit All-Time Record in 2013

HOUSTON – Houston’s home sales hit an all-time record in 2013 as low mortgage interest rates and strong job growth lifted the home market to a near-frenzy that won’t be matched again in 2014. A total of 73,232 single-family homes were sold in 2013, topping the previous annual record of 72,376 sold in 2006, according to the Houston Association of ... Read More »

Marvy Finger Starts Construction on Apartment Tower Next to Houston Astros Stadium

HOUSTON – If the Houston Astros had a big power hitter, then the construction workers at the 500 Crawford apartment project would need to be on the lookout. But the Astros are horrible. Finger Cos., a Houston multifamily development firm, has started construction on a seven-story apartment building adjacent to the Minute Maid stadium in downtown Houston. It is situated ... Read More »

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