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Category Archives: Residential

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 »

All-Cash Home Buyers: Houston, San Antonio Lead Nation in Gainers

HOUSTON – If cash isn’t king in Texas home buying, then it’s at least the Crown Prince of the Texas home market. According to a third quarter study by RealtyTrac, all-cash home purchases accounted for 32.4 percent of Texas home sales compared to 21.5 percent a year ago. Houston led the nation, followed by San Antonio, as the nation’s biggest ... Read More »

Economist: Sellers Market in Texas Will Continue for a Long Time

AUSTIN – With the inventory near record lows, sellers are going to control the Texas housing market for a long time, a Texas economist said in report by the Texas Association of Realtors. Many consider a balanced housing market when the inventory stands at a 6 months supply. When the supply is much lower, it’s a sellers market; when reaches ... Read More »

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 »

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