The decrease was driven by a 5.1% month-over-month slide in the rate of multifamily starts, while single-family construction was flat.

Johnson Development Corp. President Larry Johnson discusses everything from his childhood on a farm on the windy plains of the Texas Panhandle to his latest development, the 1,300-acre Harvest Green community in Richmond, Texas.

The seasonally adjusted estimate of new houses for sale at the end of July was 378,000, representing a supply of 6.1 months at the current sales rate.

Lakes at Creekside’s new single-family homes sit on 45-, 50- and 65-foot sites, with 60-foot sites to be revealed this fall.

Homes on the 45-foot sites are priced from the upper $200,000s and have 11 floor plans ranging from 1,678 to 2,592 square feet.

With several of its homesites pre-sold, Serenity at Meridiana has embarked on construction of its amenity center, model homes and initial move-in ready homes as the first 55-plus active-adult community along the Texas 288 corridor.

Monroe model offers exceptional design in community focused on lake life.

“The bright spot in an otherwise underwhelming report comes from the increase in the overall number of permits issued, which can signal how much home construction is in the pipeline.” — First American deputy chief economist Odeta Kushi

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.

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.

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.

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.

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.