New Construction
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.
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.
The developer plans to turn the land into an agrarian-inspired residential community and approximately 1,200 homes are expected.
Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Houston and nationwide.
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.
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.
The DHS announcement comes in response to businesses reporting an immediate need for supplemental, temporary guest workers for this fiscal year.
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.
The new model home park will showcase nine new model homes in the master-planned Sienna community’s Village of Sienna Oaks.
Privately-owned housing starts jumped 19.4% from February’s revised estimate to a seasonally adjusted annual rate of 1,739,000, according to the U.S. Census Bureau and the Department of Housing and Urban Development
The National Association of Home Builders published the results of its Special Study for Housing Economics, highlighting the 2020 annual census of who makes up its members.
The village will have a mix of home styles ranging in price from the low $200,000s to more than $1 million. Builders will be selected this May and the first model homes are expected to open early next year.
The family of a Texas veteran who was severely injured in May 2007 while serving in Afghanistan will soon take up residence in their new home in the 11,400-acre master-planned community of Bridgeland, located in Cypress.
After declining for years, the size of new single-family homes has begun to level off as consumers spend more time at home, a National Association of Home Builders analysis found.
The flight to the suburbs has become a growing preference for buyers, but renters are also finding respite in the outskirts of larger metro areas. That could help continue to drive new construction of apartments in suburbs across the country, according to a new report from Rent Cafe.
Haven at Seven Lakes is scheduled for completion in early 2021
