Home Builder Enters Texas Market

HOUSTON – (Realty News Report) – Davidson Homes, a home builder based in Huntsville, Ala., announced it is expanded its operations into Texas and will begin building its first homes in Houston.

The company has secured lots in several communities for first-time and move-up homebuyers and plans to begin building houses by July. Currently, Davidson Homes has deals in the works for 329 lots in the Houston area.

Duplex dwellings, which are becoming more popular as home prices escalate, are also on the Davidson menu.  Currently, the firm has 78 duplex dwellings planned,with prices starting in the low $200’s.

Nationally, home sales are surging at the highest sales pace since September 2006.

Low mortgage rates, with 30-year fixed-rate mortgages around 3 percent, have fired up the housing market.

Sales of new single-family homes rose 20.7% from an upwardly revised February number, to a 1.02 million seasonally adjusted annual rate, according to newly released data by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau.

“Our members are seeing strong buyer traffic as continued low mortgage rates are helping fuel sales,” said Chuck Fowke, chairman of the National Association of Home Builders. “However, builders still grappling with major supply chain issues and soaring materials costs, which are causing construction delays and preventing them from adding to the already very low inventory.”

For Davidson Homes, Texas is the fourth state the company has entered during the past four years. The company currently owns or controls more than 8,000 lots in 62 communities in Alabama, Georgia, North Carolina, Tennessee and Texas.

“Texas is an important strategic growth market that will allow us to build on the incredibly strong foundation we have established,” said Adam Davidson, founder, president and CEO of Davidson Homes.

Davidson Homes has appointed veteran homebuilder Jim Rorison as division president to lead the company’s operations in Houston. In the past, he has been with Pulte and Caldwell Cos.


April 24, 2021 Realty News Report Copyright 2021

For more about Texas real estate, check out the book Houston 2020: America’s Boom Town – An Extreme Close Up  by Ralph Bivins. Available on Amazon  http://tiny.cc/4a2g6y


File: Home Builder Enters Texas Market

 

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