New Construction News
Toll Brothers will build upon its existing new-home community at Creek Meadows West in Northlake with a new phase of development.
Upon full buildout, the project is projected to generate over $80 million in property taxes annually.
Set to open next spring, Toll Brothers at Landmark will feature one- and two-story home designs for 60-foot lots with three to six bedrooms, 2.5 to 6.5 bathrooms, and two- or three-car garages.
New homes in Dallas-Fort Worth took slightly longer to sell in September, with homes spending an average of 141.85 days on market, up from 132.65 days a month prior.
Designs range from 2,993 to 4,570 square feet with four to six bedrooms, three to six full bathrooms and two- or three-car garages.
Developers have implemented a “no short-term rental” rule for homeowners.
A sales center is open at 109 Sweet Tea Road.
Architectural style options include classic, Hill Country, modern farmhouse and transitional.
Homebuyers purchased 2,027 new homes during the month, down from 2,141 in July but up from 1,862 in August 2024.
The pace of new-home sales hit an annual rate of 800,000, its highest level since January 2022.
Brick, stone and siding exteriors are available. Pricing begins in the mid-$300,000s.
Construction and project management will be led by CK Management Services and Next Way Concepts.
At the same time, completions of new single-family homes were on the rise last month, according to federal statistics.
The upside surprise came despite monthly and yearly declines in the pace of sales.
The single-family sector managed to eke out a slight monthly gain, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development.
The NAHB/Wells Fargo Housing Market Index slid a point to 32, reflecting ongoing negative sentiment in the homebuilding industry.
