At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

The homesite is located in Bluestem, a Brookshire master-planned community from The Signorelli Company.

International real estate development firm Pennek announced it’s developing a gated community in northwest Houston’s Highland Heights neighborhood.

The first homes are set to complete within four months. Pricing will start at $240,000 for three-bedroom residences.

Maple Development Group announced a development milestone for Aldeana, a new master-planned community in Bonney, as 108 homesites were handed over to builders.

Developer Manny Mehos announced that Alair Homes Galveston will serve as the preferred custom homebuilder for Roseate Beach, a waterfront master-planned community on Galveston’s West Beach.

Located minutes from Starwood’s top-selling MPC Sunterra, Sunterra Lakes will include approximately 4,000 homes with pricing ranging from the $300,000s to over $600,000.

The median-sales price slid from $425,600 in October to $402,600 last month. 

Shea Homes, Perry Homes and Toll Brothers kicked off construction on Dec. 5.

Homes will be built by HistoryMaker Homes, Ashton Woods and Brightland Homes, with pricing starting in the $300,000s.

Chesmar Homes, HistoryMaker Homes and Empire Communities will offer approximately 1,200 homes priced from the low $300,000s.

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.