Over 250 homes in store for west, north MidlandOver 250 homes in store for west, north Midlandhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=30562014-09-16T12:45:00Z2014-09-16T00:00:00Z

MIDLAND - Three new phases of residential projects will add more than 250 new homes to Midland’s burgeoning housing market within the next year after Midland’s Planning and Zoning Commission granted its approval.

D.R. Horton gained both approval for a final plat of its Adobe Meadows Addition in north Midland and a zone change for their Legacy Addition development in west Midland. Additionally, a zone change of a 24-acre plot to the east of phase one of Daybreak Estates will make way for a second phase of 60 to 70 homes.

The Adobe Addition is moving into the second stage of building, while the Legacy Addition broke ground on its infrastructure in spring 2014. Home construction will begin within the next few months, and Legacy should be completed sometime in the next two years, said Eric West, a civil engineer for Parkhill, Smith & Cooper.

Phase one of Daybreak Estates laid out 167 lots, four of which have been built and more than 40 have been sold, according to Andrew Mellen of Midland’s Maverick Engineering. The project has four stages and will eventually have over 500 homes. The first phase broke ground in summer 2013 and phase two will begin in December 2014 or January 2015.

The median home price in Midland for July 2014 was $247,900, a 7.1 percent increase year-over-year from July 2013. Since July 2009, when home prices slumped due to the Great Recession, home prices for the month of July have increased by 48.2 percent.

Midland Reporter-Telegram
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