Home Builders

Lack of Attainable Housing Stymies Millennial Generation. Houston Cranking Out Entry Level Homes.

Why many would-be home buyers are renting — for now Here’s the good news: Income growth among 25- to 34-year olds — the millennial generation — grew 5.6 percent last year. And first-time homebuyer loans are up. Millennials are buying homes and debunking the myth that they don’t want to be homeowners. High student loans are beginning to fade in…read more →

Houston developer Hines revitalizing acres of North Dallas into high-end community

Photo courtesy of Dallas Morning News and Nathan Hunsinger/Staff Photographer) Article by Steve Brown and the Dallas Morning News You may need a map to find one of the biggest new home communities being built in North Dallas. Just a couple of blocks north of Presbyterian Hospital on Meadow Road, the 300-home residential development is going up in a neighborhood once…read more →

D-FW new home sales jumped in fourth quarter but builders couldn’t keep up

By Steve Brown and the Dallas Morning News North Texas new home sales rose 14 percent in the fourth quarter from a year earlier. But even with strong demand, Dallas-Fort Worth builders couldn’t break the 30,000-home start barrier in 2016. Builders started 29,337 new homes in the area last year — an increase of only about 5 percent from 2015 levels, according…read more →

Homebuilding forecast: Another strong year for Dallas home building and jobs in 2017

By Steve Brown and the Dallas Morning News Dallas area homebuilders can look forward to another strong year of housing demand and job growth in 2017, according to one of the country’s top housing economists. “Dallas continues to be one of the best markets in the country,” said Jeff Meyers, president of Meyers Research. “This is really the number one housing…read more →

Labor constraints keep a lid on D-FW home starts

By Steve Brown and the Dallas Morning News Labor constraints and rising construction costs held back North Texas homebuilders in the most recent quarter. Home starts fell slightly from a year ago as the median price of houses sold in the Dallas-Fort Worth area jumped more than 13 percent in the 3-month period ending in September. “Builders continue to share with…read more →

Dallas area needs more than 132,000 additional home starts, Realtors’ report finds

By Steve Brown and Dallas Morning News Almost every sector of the Dallas real estate market has rebounded to pre-recession levels — some properties even more. But homebuilding is not close to the volumes seen before the economic crash. Home starts in the Dallas-area are about 40 percent less than they were in 2005. And shortages of labor and rising…read more →

DFW Housing Market: Growth Slows, Affordability Erodes

BY CHRISTINE PEREZ and D Magazine New North Texas homes priced under $250,000 are disappearing from the market, according to Metrostudy’s second-quarter 2016 study. New residences in that range dropped nearly 20 percent. The findings represent a “radical shift” from lower new-home prices, according to Paige Shipp, regional director of Metrostudy’s Dallas-Fort Worth region. “Over the past two years, starts below…read more →

Arizona builder expanding to Dallas area will offer luxury rental house communities

Article by @SteveBrownDMN and the Dallas Morning News An Arizona homebuilder is bringing something different to the North Texas market. NexMetro Communities’ new projects in Plano and McKinney will have luxury homes in a high-density gated community. But they won’t be for sale. The small two- and three-bedroom detached houses will be leased. The first 122-home community will start opening…read more →

Lennar Chief’s 5 Themes For Housing

By KRIS HUDSON and the Wall Street Journal One of the home-building industry’s leading chief executives on Wednesday outlined five themes for the housing market’s outlook, focusing on tight inventories, stringent mortgage standards and the preferences of millennials. Stuart Miller, CEO of Lennar, the No. 2 U.S. builder by homes sold behind D.R. Horton, detailed his five themes against the backdrop…read more →