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Low lot alert: Houston top ten communitiesLow lot alert: Houston top ten communitieshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=69832013-06-25T07:58:00Z2013-06-24T16:00:00Z

HOUSTON - Master-planned communities hold about 30 percent of the market share of new home construction, said David Jarvis, regional director of Houston-based Metrostudy.

However, many of the communities are short on lot supply and nearly sold out. In April 2013, lot supply dipped to 3.4 months, a 13-year low.

Old-school factors such as proximity to work and respectability of school districts still matter just as much, but the difference is that corporations are moving to livable centers that feature a high quality of life, said Bill Odle, managing principal in Houston at TBG Partners.

Three major companies have expansions underway in Fort Bend County — Fluor Corp., Texas Instruments Inc. and Nalco Co.

Top Four Active Communities by Lowest Lot Supply by Months
Community name Lot Supply
by Months
City Acres Developer School District
Telfair 2.8 Sugar Land 2,018 Newland Communities Fort Bend ISD
Bridgeland 3.2 Cypress 11,400 The Howard Hughes Corp. Cypress-Fairbanks ISD
Imperial Oaks 4 Spring 1,400 Holcomb Properties Conroe ISD
Riverstone 6.3 Missouri City, Sugar Land 3,700 Johnson Development Corp. Fort Bend ISD

Houston Business Journal
Houston-The Woodlands-Sugar Land
Housing
http://www.bizjournals.com/houston/morning_call/2013/06/houston-master-planned-communities.htmlRead more at {Source}

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