Low lot alert: Houston top ten communities
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.
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 |
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