Multifamily construction, meanwhile, rose on a monthly basis. 

Lennar has begun construction in The Highlands, a neighborhood in The Grand Prairie master-planned community in Hockley.

“This is a momentous occasion and one that we’ve been eagerly anticipating,” said Stephen Varrera, vice president and general manager of Kresston.

Highland is the first of seven builders to begin selling at the 2,400-home, master-planned community, Grange.

New-home prices, meanwhile, were mixed among the state’s largest cities, according to the latest report from HomesUSA. 

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The development is the first stand-alone Ritz-Carlton condominium community in Texas. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

The wellness-focused community’s second phase comprises almost 300 lots. 

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

The 67-single-family-home community is located on 10 acres in Montgomery. 

The second phase of the 1,500-acre community in Mont Belvieu will add 311 homes to the Houston exurb.

The charity home in the Elyson by Newland community was developed by Chesmar Homes and Brookfield Properties. 

July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

To commemorate the opening, a ribbon-cutting ceremony was held with Housing Authority President and CEO David Northern Sr. and other elected officials. 

The builder will offer both one- and two-story floor plans ranging from 1,785 to over 3,000 square feet. Prices start from the $380,000s.