New Construction

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.

Could zoning changes help boost supply and balance the market?
Could zoning changes help boost supply and balance the market?

With high costs slowing construction and potentially lowering homeownership for many, easing zoning rules may be the most effective way to increase the supply of new housing.

Builders report historic, broad-based levels of materials shortages
Builders report historic, broad-based levels of materials shortages

Special questions added to the National Association of Home Builders’ monthly builder survey found 90% or more of respondents had experienced shortages of plywood, oriented strand board, framing lumber and appliances, with most other materials also hard to come by.

NAHB: Builder confidence stays strong in May despite concerns about materials costs
NAHB: Builder confidence stays strong in May despite concerns about materials costs

Builder confidence was steady in May, carrying over April’s reading of 83 for another month, according to the most recent National Association of Home Builders/Wells Fargo Housing Market Index.

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.

New-construction home sales soar to record highs
New-construction home sales soar to record highs

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Houston and nationwide.

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.

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