North Texas builders scrambling to meet a flood of buyers have boosted home starts to the highest level in more than a decade.
Dallas-Fort Worth single-family home starts soared by more than 34% in the third quarter from a year earlier, rising in the face of the pandemic and recession. Builders started almost 13,000 local houses during the just-completed quarter, according to just-released data from Residential Strategies Inc.
“Back when the pandemic hit, we were bracing for a pretty tough summer with all the job loss,” said Ted Wilson, principal for the Dallas-based housing consultant. “But everything opened up in May with strong sales and it has continued onward.
“It’s pretty amazing considering the backdrop of COVID.”
Wilson said the third-quarter D-FW home starts were the strongest since
North Texas home sales surged in September – up 27% from a year ago.
It was the largest such annual price gain in more than a decade.
Real estate agents sold 11,408 single-family homes, a record number of purchases for the month of September, when sales typically slow.
But not this year.
Record low mortgage rates have caused a run on home buying even in the face of the COVID-19 pandemic.
Last month’s huge home sales increase is the fourth month in a row of double-digit percentage sales gains from 2019 levels, according to data from the Real Estate Center at Texas A&M University and the North Texas Real Estate Information Systems.
September’s year-over-year gain was the largest yet.
“It’s amazing that sales are up 27% over last years, but not surprising based on what I have been hearing,” said Paige Shipp, a housing analyst with CDCG Asset
For more than 30 years, the Catherine H. Barber Memorial Shelter has quietly served North Wilkesboro and broader Wilkes County in North Carolina. It’s a small, temporary shelter with 10 beds that helps those who have fallen on hard times get back on their feet; the maximum stay is generally two weeks. Most nights there are a few empty beds, but on occasion the shelter—the only one in 70,000 resident Wilkes County—must turn away the needy. After losing its lease on the home it has occupied for three decades, the shelter was offered a new building, free of charge. But it may never be able to move in.
A local dentist moved his practice and offered the shelter his now empty office building. And
Plano-based developer and builder Green Brick Partners has teamed up with Arizona-based Taylor Morrison Homes to plan a more than 2,500-home community in north Fort Worth.
Green Brick and Taylor Morrison have purchased almost 900 acres Near U.S. Highway 287 near the Sendera Ranch community.
The two firms plan to break ground in early 2021 on a new residential community named Madero.
“We are thrilled to continue expanding our presence in Fort Worth, and to provide homebuyers a fantastic opportunity to live in such close proximity to attractive amenities including Eagle Mountain Lake while maintaining easy access to major employment centers in Fort Worth,” Jed Dolson, Chief Operating Officer for Green Brick Partners, said in a statement. “In addition to its ideal location, Madero will feature a wealth
This article first appeared on North Carolina Health News and is republished here under a Creative Commons license.
Federal regulators can fine North Carolina nursing homes upward of a half-million dollars when facilities go seriously wrong — as in the case of a Fayetteville resident who died after staff found her with fire ants covering her face and upper body.
The deadly 2019 incident described in state records brought a fine of more than $530,000 against Carolina Rehab Center of Cumberland. Federal law mandates that the fines, amounting to $35 million in N.C., must be used to improve quality of life for nursing home residents through grants to facilities and agencies.
Fines levied after an investigation into the fire-ant attack went into state coffers set up for this purpose, into a pot that bulges larger year after year and puts North Carolina third highest in such totals nationally.
The childhood home of iconic musician and civil rights activist Nina Simone will be indefinitely preserved in North Carolina.
The National Trust for Historic Preservation’s African American Cultural Heritage Action Fund, in partnership with World Monuments Fund and Preservation North Carolina, recently secured permanent protection of the singer-songwriter’s childhood home in Tryon, the trust announced in a statement Tuesday.
Advocacy organization Preservation North Carolina was granted a preservation