The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The development is the first stand-alone Ritz-Carlton condominium community in Texas. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

The wellness-focused community’s second phase comprises almost 300 lots. 

The 716,000 per-year rate of new-home sales topped the consensus estimate of 700,000. 

The 67-single-family-home community is located on 10 acres in Montgomery. 

The second phase of the 1,500-acre community in Mont Belvieu will add 311 homes to the Houston exurb.

The charity home in the Elyson by Newland community was developed by Chesmar Homes and Brookfield Properties. 

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.