The employment numbers for March were revised down as well. The most recent data indicate a 770,000 increase in jobs for the month, compared to the previously reported increase of 916,000.

The developer plans to turn the land into an agrarian-inspired residential community and approximately 1,200 homes are expected.

Veranda’s 45-foot lots, priced from the $300,000s, have been especially popular and only a handful remain.

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.

No, this mind-blowing house is not an optical illusion — it’s a geodesic dome home that would make Buckminster Fuller proud.

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

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.

Thirteen communities across Houston display model homes as part of the annual tour, which was extended by a month to meet the high interest in new homes and maintain social distancing.

“This is a sign that the competitive purchase market, driven by low housing inventory and high demand, is pushing prices higher and weighing down on activity.” — Mortgage Bankers Association Associate Vice President of Economic and Industry Forecasting Joel Kan.

Low mortgage rates and low inventory levels are making the demand for homebuilding more attractive to buyers in Houston and nationwide.

The Houston Association of Realtors’ FRESH report briefly covers new listings, active listings and average list price for single-family homes activity in April 2021 compared to April 2020.

The famous trio Fredrik Eklund, Julia Spillman and John Gomes will begin listing homes in Houston and throughout the state through Douglas Elliman.

The annual report highlights the demographics of Texas homebuyers who had real estate transactions between July 2019 and June 2020, as well as their motivations for buying a home and their perceptions of the home buying and selling process.

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.

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.

With the acquisition, publicly traded Landsea Homes will enter the Texas and Florida housing markets.