National News

Meritage Homes Houston division wins Avid Award for high customer service standards
Meritage Homes Houston division wins Avid Award for high customer service standards

The builder’s Houston division won the Avid Gold Award for extraordinary customer service for production in the South Central region of the U.S.

It’s a seller’s market, Fannie Mae survey shows
It’s a seller’s market, Fannie Mae survey shows

Americans believe it’s a much better time to sell a home than to buy one, according to Fannie Mae’s latest survey of home purchase sentiment.

Home prices surge across the board in Q1, and Houston is no exception
Home prices surge across the board in Q1, and Houston is no exception

Practically every single one of the 183 metro areas tracked by the NAR saw significant year-over-year increases in the price of homes during the first quarter, with the median sales price of a single-family home in Houston jumping to 14.9% on a year-over-year basis to $281,800.

Demand for second homes more than doubles pre-pandemic numbers
Demand for second homes more than doubles pre-pandemic numbers

The number of buyers who locked in mortgage rates for second homes spiked to 178% year over year in April, according to a report from Redfin.

Lumber prices triple, raising home prices by $36,000
Lumber prices triple, raising home prices by $36,000

Lumber prices have tripled over the past 12 months, driving up the price of the average new single-family home by $35,872. NAHB hopes to alleviate the situation by meeting with the White House, lawmakers and others.

Houston named a top moving destination in U.S.
Houston named a top moving destination in U.S.

Houston has been ranked as the sixth moving destination by Penske Truck Rental in its 11th annual Top Moving Destinations list.

Private equity-backed firm acquires JP & Associates Realtors
Private equity-backed firm acquires JP & Associates Realtors

The acquirer is a partnership between Chairman and CEO Rick Davidson, who most recently served as global CEO of Realogy Real Estate Services Corp.’s Century 21 Real Estate unit, and private equity firm Aperion Management.

JV acquiring almost 2,000 homes throughout the South for single-family rentals
JV acquiring almost 2,000 homes throughout the South for single-family rentals

Transcendent Electra, a partnership between Transcendent Investment Management and Electra America, has $496 million of properties in contract process and closing and another $1 billion in the pipeline.

NAHB: Single-family homes help boost total residential construction spending in March
NAHB: Single-family homes help boost total residential construction spending in March

The NAHB attributed the monthly increase in its construction spending index to single-family construction and single-family improvements, both of which rose by 2% on a monthly basis. Multifamily construction, meanwhile, declined 0.3% after falling 0.9% in February.

David Weekley Homes ranked No. 13 on FORTUNE’s 100 Best Companies to Work For
David Weekley Homes ranked No. 13 on FORTUNE’s 100 Best Companies to Work For

According to employees, the builder offered a multitude of options to support them through the pandemic.

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