Oxland Group previously acquired the parcel of land in July.

Single-family home permits and completions, meanwhile, also rose, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

Johnson Development hopes the name “Kresston” will evoke the small-town ambiance of the founder’s home town: Kress, Texas.

Low inventory and high demand are buoying builder sentiment in the face of several headwinds. 

Shea Homes has decided on a name for its fourth self-developed Houston-area community: Wildtree.

Elementary No. 55 will take up approximately 16 acres in Harvest Green, accommodating roughly 1,000 students when it opens its doors in August 2026.

“The thrill that comes from chasing fireflies is much greater than the manufactured feeling kids get from hunting down avatars in a digital warzone,” said co-founder of Concourse Development, Harry Masterson. “We want to tap into that fleeting, unbridled joy of youth.”

Demand for newly built homes has remained strong as high interest rates keep many would-be sellers of existing homes off the market. 

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.