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
Tropical Storm Beta was drizzling on Houston when Denise Lanza noticed she was having regular contractions.
This scenario had been in the back of her mind. Denise, a biological scientist, is married to Matt Lanza, a meteorologist who writes for Space City Weather, a go-to source for the region, especially during storms.
The couple learned in January that they would be having a second child — due in September. Matt felt excited hearing the news, then realized: “Oh, of course, we’re going to have a baby due right at the peak of hurricane season.”
And what a hurricane season it had been. Hurricane Hanna hit Padre Island in July. Hurricane Laura barely missed Houston in August. Planning to name their son Theodore, Matt never imagined Hurricane Teddy would form by September.
Yet already, the National Hurricane Center had identified so many storms that, for the first time since 2005, it
Allen leads the project leasing team to provide consulting, marketing, merchandising and
leasing services to landlords and developers. Her profound expertise covers a range of
asset classes including traditional neighborhood, regional and super-regional shopping
centers, mixed-use developments, lifestyle centers, and entertainment venues. Allen also
provides tenant representation services and market strategy for local, regional and
national retailers and restaurants looking to expand their concepts.
Prior to joining Transwestern in 2012, Allen worked as a senior leasing agent for Brixmor
Property Group (formerly Centro Properties Group), the second largest owner of open air
neighborhood and regional shopping centers in the nation. With an assigned portfolio of
more than 2.5 million square feet, she correlated the marketing, negotiation, construction
coordination, budgeting and overall execution of transactions with new and existing
tenants. She also played an integral role in multiple redevelopment projects. Throughout
her tenure she was consistently a
2 Texas boys, ages 5 and 7, have to fend for themselves for 5 days, after mother collapses and dies at home
Two North Texas boys, ages 5 and 7, had to fend for themselves for nearly a week, after their adoptive mother collapsed and died at home.
According to the local CBS-affiliate KTVT, teachers in the Forney Independent School District asked police to check on the two boys, who hadn’t been in class since Sept. 21, and whose mother couldn’t be reached.
“They knew something was not right,” Kristen Zastoupil, a spokesperson for the district said about the teachers, according to FOX 4. “They are used to communicating with this parent. And so when they didn’t get a response, they knew something was off,” Zastoupil added.
On Sunday, when officers arrived at their home in Talty, a small town 28 miles west of Dallas, they found the two brothers. They also found their mother, 71-year-old Connie Taylor, dead inside the house.
Texas A&M survives potential upset in opener, but needs quick improvements with grueling upcoming schedule
COLLEGE STATION –Ainias Smith provided an early spark for Texas A&M.
Isaiah Spiller and the defense generated the second-half energy that the No. 10 Aggies desperately needed to escape their season opener with a 17-12 win over Vanderbilt.
“A victory is a victory,” A&M coach Jimbo Fisher said, “but all three phases [of the game] didn’t play how I thought we could or how we can.”
In a day filled with upsets and near-upsets from Norman to Baton Rouge, A&M survived despite three lost fumbles — two by senior quarterback Kellen Mond — and also misfired on a fourth-down handoff in the fourth quarter that kept giving the Commodores life.
“We got to protect the football,” Fisher said. “It’s ridiculous.”
Mond finished with 17 of 28 for 189 yards and one touchdown while trying to build chemistry with a group of young receivers.
“He can play much better,” Fisher said,
American Homes 4 Rent Welcomes 250th Resident at 215-Home Creekside Ranch Community in New Braunfels, Texas
First new home community in San Antonio market leasing from the $1,700s
AGOURA HILLS, Calif., Sept. 15, 2020 /PRNewswire/ — American Homes 4 Rent (NYSE: AMH) is pleased to welcome the 250th resident at its Creekside Ranch community in New Braunfels, Texas. After delivering the first phase of 92 of the 215 homes in this newly built single-family rental home community, the Company recently began the second and final phase of construction, which is scheduled for completion in late 2021. Creekside Ranch is AH4R’s first new rental home community in the San Antonio market, where it currently operates more than 1,000 units.
“American Home 4 Rent is proud to introduce the 215-home Creekside Ranch as our first new single-family home community in the San Antonio market,” said Zack Johnson, Executive Vice President of Acquisitions & Development for AH4R. “We are experiencing significant demand for this