New Construction News

Conroe: Shea Homes launches second Houston-area community 
Conroe: Shea Homes launches second Houston-area community 

The new community, deemed Evergreen, will span 740 acres and eventually accommodate 2,000 homes. The builder has dedicated 100 acres of the community to natural areas and green spaces, including an amenitized creek. 

Magnolia: Coventry Homes set to build new master-planned community in Escondido
Magnolia: Coventry Homes set to build new master-planned community in Escondido

There’s a new boutique master-planned community coming to town! Potential buyers can join a waitlist to secure first dibs on a new home, priced from the low $300,000s. 

Landowning behemoth Walton Global steps into build-to-rent segment with huge land bank
Landowning behemoth Walton Global steps into build-to-rent segment with huge land bank

The real estate investment and land asset-management company has identified 17 near-term development opportunities and is in advanced negotiations to develop build-to-rent communities with about 2,500 units across the country.

New-home sales drop 6% in May as median-sales prices increase again
New-home sales drop 6% in May as median-sales prices increase again

The seasonally adjusted estimate of new houses for sale at the end of May was 330,000, representing a supply of 5.1 months at the current sales rate, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Housing starts rise in May, but building permits fall
Housing starts rise in May, but building permits fall

Single-family housing starts were up 4.2% from April and 49.8% from May 2020, at 1,098,000, according to the U.S. Census Bureau and Department of Housing and Urban Development.

Bold Fox Development Closes on 470-Acre Waller Property
Bold Fox Development Closes on 470-Acre Waller Property

The developer plans to turn the land into an agrarian-inspired residential community and approximately 1,200 homes are expected.

NAHB: Single-family homes help boost total residential construction spending in March
NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.

Coventry Homes begins sales in Richmond, set to build in Porter
Coventry Homes begins sales in Richmond, set to build in Porter

The builder has started home sales in Mandola Farms in the Richmond area and is set to begin building The Highlands, a new master-planned community in Porter.

Cross Creek Ranch offers new homes in Fulshear for under $400,000
Cross Creek Ranch offers new homes in Fulshear for under $400,000

Newmark Homes and Tri Pointe Homes, two of the nine builders at Cross Creek Ranch, will be offering homes designed for 45-foot homesites, ranging from the $320,000s to $340,000s.

Two builders team up on 51-acre Rosehill Meadows community in Magnolia
Two builders team up on 51-acre Rosehill Meadows community in Magnolia

Led by builders Devon Street Homes and Colina Homes, Rosehill Meadows will span 51 acres and include approximately 250 homesites, ranging from $220,000s to $300,000s.

Oops! We could not locate your form.