Mad rush as home starts rebound, soar in DFW

FORT WORTH, FLOWER MOUND, PROSPER – With housing starts rebounding in the last 18 months, developers have been rushing to meet the demand for home building lots.

In Fort Worth, the 1,100-acre Harvest development on Interstate 35W will eventually have room for 3,000 homes, apartments and more.

The first of 324 home building lots should be ready by July, and developer Hillwood Communities is making plans to carve up more land for streets and home sites.

In Flower Mound, the 1,200-acre Canyon Falls development that broke ground last month is expected to cost $1 billion.

The project on FM 1171 will have its first home building lots ready by the end of this year. The developer is Wheelock Street Capital.

Demand has been so high in the 2,000-acre Windsong Ranch development in Prosper that developer Terra Verde Group expanded the first phase.

Construction started on the $1.2 billion, 4,100-home project on State Highway 380 in March.

Windsong Ranch will be the largest residential development in Prosper, which not too long ago was a sleepy Collin County farm town.