July’s seasonally adjusted annual rate of 739,000 represented a 10.6% jump from June’s upwardly revised rate of 668,000. 

To commemorate the opening, a ribbon-cutting ceremony was held with Housing Authority President and CEO David Northern Sr. and other elected officials. 

Windy Hill Development celebrated the groundbreaking of Mesa Vista, a 630-lot master-planned community in the North Forest area of Houston, on June 4.

New-home construction jumped 5.7% month over month after a soft March, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The Conroe master-planned community of Grand Central Park has begun sales on 147 new homesites in two different neighborhoods.

Declining interest rates spurred the increase. 

The median price of a new home sold during the month fell to $418,800 from $433,100 in August, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported. 

Specifically, single-family homes were built at a seasonally adjusted annual rate of 963,000, up 3.2% from 933,000 in August and up 8.6% from 887,000 a year earlier, according to government figures. 

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. 

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. 

Construction is underway at Jubilee, a new master-planned community from Johnson Development.

Howard Hughes Corporation announced that early childhood education provider Kids R Kids will open a preschool at its Bridgeland master-planned community.

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.