Pelican Builders has announced a new River Oaks condominium project located just one block from their latest Houston condominium building, The Revere.

The projected year-over-year change in home sale transactions in the Houston-The Woodlands-Sugar Land region is 2.9%.

October’s 4.6% monthly drop follows a 10.2% decline in September, the National Association of REALTORS® reported. 

“Wood Parners is excited to break ground on Alta Cypress Springs, which will serve as the perfect community for young professionals and families in the west Houston area,” said Bart Barrett, managing director at Wood Partners.

Housing prices were down in all 20 cities tracked by the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index.

New-home sales rose 7.5% month over month, while the median price of a new house surged to $493,000 from $455,700 in September and $427,300 a year ago, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development reported.   

Located at 808 Crawford St. next to Discovery Green, Parkside Residences boasts 43 floors of luxury amenities, stunning views and spacious floorplans.

The pace of new single-family home sales, meanwhile, fell 6.1% from September to 598,000. 

In the wake of this new rule, FHA borrowers will have a choice between federal flood insurance and private flood insurance.

Texas home buyer A-List Properties has announced an expansion into all Texas markets.

Houston-based builder Wan Bridge has opened a new build-to-rent community that emulates the seaside living experience.

The brand will specialize in cottage-style homes with private backyards. 

“At the heart of our strategy is walkable urbanism,” Concept Neighborhood’s site reads.

The median existing-home price rose for the 128th month in a row, extending its record-breaking streak of increases. 

The number of homes under construction rose during the month, as homebuilders continued to work through a large backlog of homes. 

The trend of active-adult communities continues to grow in metro Houston.