June 12, 2024: Housing Market News Roundup

Welcome to our comprehensive coverage of today’s real estate news, where we explore a variety of exciting developments and trends across the housing market. From Lennar’s ambitious plans to construct thousands of homes in Kaufman County to Toll Brothers’ luxurious new community in Atlanta’s West Midtown, the landscape of homebuilding is evolving rapidly. We also highlight Century Communities’ dedication to veterans with a custom-built, mortgage-free home in Houston, delve into the trend of smaller, more affordable homes, and showcase new residential projects in Middle Tennessee that promise to enhance community life. Each story offers a unique glimpse into the dynamic world of real estate, catering to a range of preferences and needs. Dive into our detailed articles to discover more about these developments and what they could mean for prospective homebuyers.

One of nation’s largest homebuilders has big plans for booming Kaufman County city

Lennar, the second-largest homebuilder in the United States, is set to construct 3,700 homes over the next seven or eight years in Crandall, a rapidly growing city in Kaufman County. The Eastland and the Arbors at Eastland developments, located between downtown Crandall and Interstate 20, will be among Lennar’s largest projects in North Texas. With amenities such as pools, pickleball courts, and walking trails, these homes will range from the low $200,000s to the mid $300,000s, targeting first-time homebuyers. Crandall’s good schools, manageable commute to downtown Dallas, and more affordable housing options make it an attractive location for buyers. To learn more about Lennar’s ambitious plans and the booming real estate market in Kaufman County, read the full article.

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Toll Brothers Announces New Luxury Home Community Coming

Toll Brothers, the nation’s leading builder of luxury homes, has announced its newest community, 568 West, coming soon to Atlanta’s desirable West Midtown neighborhood. This highly anticipated community will offer 34 new 4-story townhomes with private rooftop terraces and 2-car garages. With two exquisite home designs and over 2,538 square feet of luxury living space, Toll Brothers continues to deliver outstanding quality, craftsmanship, and value. Homes in 568 West will be priced from the mid-$700,000s, providing an opportunity for luxurious urban living in a vibrant location close to shopping, dining, and entertainment options. Proximity to recreational destinations and major highways further enhances the appeal of this community. For more information, visit the Toll Brothers website.

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Century Communities & Partners Welcome Veteran to New, Mortgage-Free Home North of Houston

Century Communities, along with the Houston Texans, The Howard Hughes Corporation, the Greater Houston Builders Association, and Operation Finally Home, celebrated the completion of a custom-built, mortgage-free home for U.S. Army Sergeant Joanna Ellenbeck and her daughter in The Woodlands Hills. The surprise announcement was made during a Houston Texans game in December 2022, recognizing Ellenbeck’s military service. The 2,012-square-foot home was customized to accommodate the needs of the Ellenbeck family, including wheelchair accessibility and other modifications. This partnership demonstrates a commitment to supporting veterans and providing them with a safe and comfortable place to call home. To learn more about this heartwarming story, read the full article.

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New homes are getting smaller: here are the reasons why

In response to the housing affordability crisis and the scarcity of large lots in high-demand communities, the trend in new homes is shifting towards smaller homes on smaller lots. Builders like Ben Fry are creating beautiful homes on compact lots, maximizing livable space while eliminating formal living rooms and oversized features. The average size of new homes peaked in 2021 but has since started to decline, with the average new home now closer to 2,300 square feet. This downsizing trend is driven by affordability concerns and the desire for more efficient use of space. Smaller homes offer buyers the opportunity to enter the market and downsize from larger homes, providing a sense of freedom and reduced maintenance. To learn more about this growing trend in homebuilding, read the full article.

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Tricoast Homes breaks ground on Summer Place – Houston Agent Magazine

Tricoast Homes has commenced construction on its first proprietary community, Summer Place, in Montgomery. This 67-home community offers premier residences for both seasoned and first-time homebuyers seeking a lock-and-leave lifestyle. The luxury garden homes feature individual yards, and buyers can choose from six floor plans ranging from 1,979 to 2,477 square feet, with prices starting at $399,000. Located near Lake Conroe and the Margaritaville Lake Resort, Summer Place provides convenient access to various amenities, restaurants, and shopping centers. To learn more about this exciting development, read the full article.

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Middle Tennessee town plans two developments with homes, retail, food

Fairview, a town in Middle Tennessee, is set to break ground on two new communities, Fairview City Center and Bowie Meadows. These developments will offer hundreds of new homes along with space for shops, services, and restaurants. The projects aim to create a gathering place for the community, providing convenient opportunities for shopping, dining, and healthcare. Fairview City Center will feature a variety of home options, including townhomes and courtyard cottages, catering to different buyer preferences. Bowie Meadows will offer single-family homes on large lots. Regent Homes and Lennar Homes are leading the construction process, bringing their expertise and quality designs to these communities. A public groundbreaking ceremony is scheduled for June 7. To learn more about these exciting developments, read the full article.

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