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Category Archives: Residential

Toll Brothers Developing 692-acre Community Near New Exxon Mobil Campus North of Houston

HOUSTON – Toll Brothers is developing the 692-acre Woodson’s Reserve community north of Houston on the route of the new extension of the Grand Parkway – not far from the new 385-acre Exxon Mobil campus. Three home builders, Toll Brothers, Perry Homes and Meritage Homes will open for pre-sales in Woodson’s Reserve in early 2015. The site is on Riley Fuzzel Road, ... Read More »

Texas A&M’s Dotzour: Labor Shortage Keeping a Lid on Texas Construction Boom

HOUSTON – A lack of construction labor is restraining the Texas housing market, says Dr. Mark Dotzour, chief economist for the Texas A&M Real Estate Center. “We have a major labor shortage in the construction industry across the state,” Dotzour said in a speech to the Entrepreneurs Organization Thursday evening. The inventory of homes for sale is exceptionally tight in ... Read More »

RNR Home Building Briefs

FREDERICKSBURG, Texas — Boot Ranch, a luxury ranch community in the Texas Hill Country, has reported an eight-year record high for home and property sales due to an influx of discretionary funds from the region’s energy boom. Boot Ranch Phase I reports it completed $13.8 million in totals sales in 2014 year to date, with a total of 16 homes ... Read More »

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 »

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