While Village Homes continued to build and sell homes during the Chapter 11 process, the company is now free to return to business as usual. The builder will celebrate its 30th anniversary this year.

The reports show higher mortgage rates taking a larger share of household income while applications for new-home purchases are falling.

Floor plans for Toll Brothers at Horizon Lakes will range from 2,900 to over 4,900 square feet, with pricing starting in the low-$600,000s.

Homes built in 2020 or later cost 10% to 15% less to insure per square foot than homes built between 1980 and 2010.

Lindhorst joined Mattamy as COO in February after working at D.R. Horton for the previous 16 years.

New builds are about the same price as existing homes on the market, but that is not due to rising regulatory costs builders have to pay.

The seasonally adjusted annual rate of 628,000 homes topped Wall Street’s estimates. 

LGI Homes officially opened Blue Ridge Crossing, its new-home community in the north Dallas town of Blue Ridge.

“While the improvement in days on market last month is encouraging, the decline in pending sales is also consistent with seasonality,” HomesUSA CEO Ben Caballero explained.

Offerings include both single- and double-wide layouts with up to three bedrooms and interiors equipped with ENERGY STAR appliances.

Mattamy Homes announced three new floor plans and 40-foot homesites in the Villages of Hurricane Creek.

The project features 28 brownstone-style townhomes, located within walking distance from the Dallas Farmers Market and the historic eastern downtown area.

Houston-based First America Homes expanded into the Dallas-Fort Worth market with the acquisition of 81 homesites at the Leonard Trails community in Anna.

Trophy Signature Homes will build a new home community called Nicholson Ranch in Lavon.

The median sales price of new homes sold in April rose 8% to $422,500 from $391,100 in March, the U.S. Census Bureau and the Department of Housing and Urban Development reported.

Despite a monthly decline, the rate of new-home construction still came in above consensus estimates.