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Category Archives: Residential

Bulletproof: Despite Oil Crash, Texas Home Sales Surge in First Quarter; Inventory at All-Time Low

AUSTIN – The Texas residential markets remained immune to the drastic fall in oil prices, as the Lone Star State posted exceptionally strong home sales in the first quarter of 2015, the Texas Association of Realtors reported. The inventory of homes for sale fell to an all-time low. With oil falling from $107 a barrel last summer to less than ... Read More »

Groundbreaking Held for 2,700-Acre Meridiana South of Houston

MANVEL, Texas – A groundbreaking ceremony has been held at Meridiana, a planned 2,700-acre community on Highway 288, south of Houston, near Highway 6. Meridian developer Dan Naef, president of Rise Communities, is also developing Cane Island in the Katy area west of Houston. Ultimately, Meridiana will offer 5,500 new homes, creating an additional $1.5 billion in assessed value. Work ... Read More »

New Home Sales Up 30 Percent for D.R. Horton

FORT WORTH – D.R. Horton, the largest home builder in the nation, reported it sold 11,135 homes in the quarter ending March 31, up 30 percent from 8,569 sales in the comparable period of 2014. Sales for the quarter totally $3.2 billion, up 33 percent from the comparable quarter of last year. “The spring selling season at D.R. Horton is ... Read More »

3,100-Acre Master Planned Community Near Austin

GEORGETOWN, Texas– Santa Rita Ranch, a 3,100-acre master-planned community in Georgetown, near Austin, will hold its grand opening in April. The project is developed by Mariner Real Estate and Ed Horne. Home builders will include David Weekley, Castle Rock Homes, Wilshire Homes, Pulte Homes, Westin Homes, Ryland Homes, Scott Felder Homes, Grand Haven Homes and Highland Homes. Read More »

Japanese Builder Acquires 3,400 Acres to be Developed by Newland

AUSTIN – A Japanese builder has acquired the remaining land in master planned communities in Austin, Dallas and Denver – some 3,400 acres from Wheelock Street Capital. The acquired acres will yield more than 4,600 single-family lots and 125 commercial acres. The buyer is North American Sekisui House, a subsidiary of Japanese builder and developer Sekisui House Ltd. The firm ... Read More »

Home Sales Up 35 Percent at D.R. Horton, the Nation’s Largest Builder

FORT WORTH – D.R. Horton, the largest builder in the nation, reported a 35 percent increase in home sales in its first quarter, compared to the first quarter a year earlier. D.R. Horton’s net sales orders for the first quarter ended December 31, 2014 increased 35% to 7,370 homes and 40% in value to $2.1 billion, compared to 5,454 homes and $1.5 ... Read More »

2014: Record High Home Sales in Houston

The Houston Association of Realtors reported 75,319 single-family homes were sold last year, the highest annual sales total on record and a 2.8 percent increase over sales in 2013. “It was one for the record books,” Houston real agent Amy Bernstein of Bernstein Realty. “Everyone is excited about it.” Houston’s robust job growth, with about 125,000 new jobs created over ... Read More »

New CEO Named to Lead Massive realtor.com Website

NEW YORK – News Corp. has named Ryan O’Hara as Chief Executive Officer of Move, Inc., the operator of realtor.com, the official listing website of the National Association of Realtors. O’Hara will replace CEO Steven Berkowitz, who has led the company since January 2009. News Corp acquired Move, a leading provider of online real estate services, including realtor.com, last month ... Read More »

Oil Price Crash Will Cause a 10 to 12 Percent Drop in Home Sales in 2015, Houston Association of Realtors Says

HOUSTON – Houston Association of Realtors is predicting a 10 to 12 percent decline in home sales in 2015 because falling oil prices will hurt the local housing market. Falling oil prices could reduce job creation in Houston next year to only 65,000 new jobs – almost half of the 120,000 new jobs Houston gained in 2014, the Realtors association ... Read More »

Corpus Christi MLS Launches New Website

CORPUS CHRISTI, Texas — Homebuyers in Corpus Christi will now be able to shop for houses online a little easier and know if the properties they like qualify for down payment assistance. The Corpus Christi Association of Realtors launched a new version of its MLS website, www.Coastalbendlifestyle.com, which includes updated search capabilities, user-friendly sorting systems, optimized mobile viewing, and the ... Read More »

David Weekley Homes Enters Nashville Market

NASHVILLE – David Weekley Homes, the nation’s largest privately-held home builder, is entering the Nashville market. Houston-based Weekley expects to begin construction either late fourth quarter of this year, or early first quarter of 2015. “The growth and economic development in Nashville has attracted the attention of regional and national developers to begin new communities in the city,” said David ... Read More »

Howard Hughes Developing Two Condo Towers in Hawaii

HONOLULU – Howard Hughes Corp. has secured a $600 million non-recourse construction loan from Blackstone Real Estate Debt Strategies for the development of Waiea and Anaha, the first two condominium towers at Ward Village. The financing was arranged by Randy Fleisher with the Dallas Capital Markets group of JLL. The two condo towers will have a combined total 482 units, plus retail space. ... Read More »

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