The larger-than-expected increase comes as homebuilder sentiment rose for the sixth month in a row. 

Plans for the first phase of development include a 30,000-square-foot, two-story retail building that is slated to open in early 2024. The second phase includes Rasha at Audubon, a mid-rise apartment building with 326 units ranging in size from one to three bedrooms.

Four Houston-area builders will offer homes in the 933-acre, master-planned community of Emberly in Fort Bend County: Lennar, LGI Homes, Tricoast Homes and DSLD Homes.

A shortage of existing inventory continues to drive buyers to new construction. 

Single-family permits also posted a gain, indicating even more new homes are headed to today’s supply-constrained housing market. 

Homebuilder optimism was buoyed by continued shortages of new housing inventory, the National Association of Home Builders reported. 

“We are thrilled to exclusively market one of the most remarkable beachfront and bayfront properties available on Texas’ Gulf Coast,” said Nan and Company President and CEO, Nancy Almodovar.

Home sales have begun in Fulshear Lakes’ first village neighborhood, Creekside Village.

The homes will be constructed using materials that match the natural West Texas landscape, utilizing advanced engineering and robotics.

“These truly are model homes you’ll want to see in person,” said Division President of Tri Pointe Homes, Joe Mandola.

U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts. 

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”     

Demand for new homes remains strong throughout Houston, according to HomesUSA’s latest New Residential Sales Report.

South Village is Johnson Development’s third neighborhood in Grand Central Park.

The supply of new homes for sale ticked lower from February, according to government figures.

A shortage of existing-home inventory is driving more people to the market for newly built homes.