New Construction News

Hamilton Thomas Homes launches in Houston market
Hamilton Thomas Homes launches in Houston market

Led by Jennifer Keller, Hamilton Thomas Homes broke ground in October in Balmoral, where it will build 31 homes on 45-foot sites. Homes will range from 1,700 to 3,000 square feet, with pricing in the mid-$300,000s, according to a press release. 

Coventry Homes announces plans to expand into Candela
Coventry Homes announces plans to expand into Candela

Coventry Homes will expand its building program to the 460-acre community of Candela, the builder announced in a press release. Priced from the $530,000s, homes will be situated on 70-foot sites with designs ranging from 2,915 to 4,573 square feet. Floor plans have not yet been released. 

Builder debuts new series of duet homes in Sienna
Builder debuts new series of duet homes in Sienna

Beazer Homes has launched pre-sales for its new Duets series of homes in Sienna’s Forest Landing neighborhood. 

Luxury builders open four new model homes in Sienna
Luxury builders open four new model homes in Sienna

Four builders have opened model homes priced above or near $1 million in Sienna, comprising the Missouri City community’s new Luxury Collection.

NAHB: Builder confidence continues to rise in November despite supply issues
NAHB: Builder confidence continues to rise in November despite supply issues

November’s reading of 83 was up three points from October, driven by low existing inventories and strong buyer demand, the National Association of Home Builders reported, citing the latest NAHB/Wells Fargo Housing Market Index.

Supply chain woes hamper housing starts in October
Supply chain woes hamper housing starts in October

Housing observers noted that demand for housing remains robust despite the lack of new supply.

Construction to begin on Bridgeland park, amenity space
Construction to begin on Bridgeland park, amenity space

The Howard Hughes Corp. will break ground this month on a new park and amenity space in its master-planned community, Bridgeland.  The 4.5-acre Longwing Landing park will be located adjacent to a 40-acre lake poised to become the centerpiece

New-home sales rebound in September as prices hit new record
New-home sales rebound in September as prices hit new record

“There simply aren’t enough homes for sale relative to the demand fueled by millennials armed with low mortgage rate-driven house-buying power.” — First American Deputy Chief Economist Odeta Kushi

New-home construction cools in September
New-home construction cools in September

The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

New-home sales rise in August
New-home sales rise in August

The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.

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