Once complete, Round Top Springs will be home to 16 single-family custom builds with prices starting from $2.9 million.

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

California-based Fairfield Residential purchased the former Houston Area Women’s Center (HAWC) at 1010 Waugh with intentions to construct a high-rise, multifamily apartment building in its place.

What if neighborhoods were built for humans rather than cars, capital or corporations? That’s the question posed by Meristem Communities, the developer behind a new community coming to Fort Bend County.

The median sales price of a new home declined on both a monthly and yearly basis, however, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.        

There were a total of 818 active community projects in Houston at the end of 2022 — the most of any metro area in the country. But which builders are responsible for most of the new homes hitting the market?

Located at 1617 Enid St. in Houston, Alta Sunset Heights will contain 378 luxury units upon completion.

The median sales price of a new home was down on a monthly basis but up on an annual one. 

The increase in builder confidence breaks a string of 12 straight monthly declines in the NAHB/Wells Fargo Housing Market Index. 

Construction is underway at 2323 San Felipe St. in River Oaks, where Houston-based builder Randall Davis Co. is building its newest luxury residential midrise.

Located near Morton Road and FM 2855, the community will contain approximately 2,800 homes upon completion.

The move comes despite a slowdown in the single-family rental market. 

New-home permits fell 11.2% month over month, while housing completions jumped 10.8% in what one observer said could have “worrisome” long-term consequences for the nation’s housing supply. 

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes.