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Category Archives: Residential

Strongest Monthly Sales Total Ever: July Home Sales Hit Record High in Houston

HOUSTON – The Houston real estate market hit a new monthly sales record in July, with 7,769 single-family homes sold. It was the highest monthly sales total on record for the Houston Association of Realtors, which has been keeping records for decades. Housing inventory, which fell to 40-year lows earlier this year, has edged up each of the last three ... Read More »

Hanover to Develop High-Rise on Kirby Drive in Houston

HOUSTON – Hanover Co. is planning to build a high-rise residential tower on Kirby Drive, just north of West Alabama Street in the Inner Loop of Houston. The project is expected to be more than 30 stories tall and contain more than 300 apartment rental units, according to a report by Nancy Sarnoff in the Houston Chronicle. The tower will ... Read More »

Hines Taps David Weekley Homes and Ashton Woods Homes for New Tampa MPC

TAMPA, Fla. – Hines, Houston-based real estate firm, has announced that Ashton Woods Homes and David Weekley Homes will build houses in Hines’ new master-planned community in Tampa. Hines recently acquired 536-acre Behnke Ranch property in Tampa, on which the firm will develop a signature mixed-use, master-planned community, will now be named Asturia. Asturia has approved zoning and entitlements in ... Read More »

Metrostudy: Houston New Home Sales Up 15 Percent; Construction Starts Up 9 Percent

HOUSTON – Houston new home construction continues to roll ahead briskly as starts increased 9 percent in the first quarter over the comparable period of last year, according to Metrostudy. A short supply of lots is holding builders back and labor shortages elongate delivery times. Many tradesmen left the industry during the recession and Houston builders have a hard time ... Read More »

Houston Luxe List Home Price Survey Introduced by Realty News Report and Crawford Realty Advisors

HOUSTON – River Oaks, an 1,100-acre community of mansions and landscaped estates located west of downtown Houston, ranked as the city’s most expensive neighborhood last year, according to the Realty News Report Houston Luxe List Home Price Survey, produced by Crawford Realty Advisors. River Oaks, with a whopping 2013 median price of $401.43 per square foot or $1.53 million per ... Read More »

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 »

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