DFW's hot housing market catches eye of out-of-townersDFW's hot housing market catches eye of out-of-townershttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=69212013-07-02T14:14:00Z2013-07-01T07:00:00Z

DALLAS - MainVue Homes is a major builder in the Seattle area.

The company — partly owned by a Japanese firm — also builds in Australia. Starting next year, you’ll be able to purchase a MainVue home in the Dallas area, too.

A growing number of housing firms are expanding to North Texas to take advantage of one of the hottest housing markets in the country. Home builders are looking here from all over the country.

The builder has already tied up home building sites in Frisco, McKinney and near Lewisville.

MainVue plans to roll out in North Texas starting next summer. “They have acquired three sites so far, and they’ll make other purchases,” said Ted Wilson, principal at Dallas-based housing analyst Residential Strategies Inc.

Texas is the fastest-growing state in the nation in jobs and population. The state has two of the country’s biggest home construction markets: the DFW area and Houston.

In January, Arizona-based Taylor Morrison bought Darling Homes, one of the DFW area’s largest and best-known independent builders.

And Dallas-based LionsGate Homes was acquired by Ryland Group, a California company that’s one of the nation’s largest home builders.

The LionsGate purchase “represents a significant expansion for us in the DFW area,” said Drew Mackintosh, Ryland Group’s vice president of investor relations. “At closing, LionsGate provided us with 843 lots and 17 active communities.”

David Brown, who heads the Dallas regional office for housing research firm Metrostudy Inc., said the appeal of Texas is strong because the housing sector here did not suffer during the recession as much as in other U.S. markets. Also, home sales in this area have recovered faster.

“With Texas outperforming the rest of the nation, Dallas-Fort Worth and Houston are the top two markets,” Brown said. “Dallas is on the radar screen for other builders who don’t have a presence here."

Read more at The Dallas Morning News.

Dallas Morning News
Dallas-Fort Worth-Arlington
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