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. 

Among the top 50 metro areas, Boston and Miami led the pack. 

Builder confidence saw a modest bump in May, but affordability challenges continue to weigh heavily on the housing market, according to new survey from the National Association of Home Builders. 

The Discovery Lakes sales office is located at 1644 Canyon Lake Drive.

Mattamy Homes opened two staged model homes at The Bridges at Preston Crossings, a resort-style community located within The Bridges Golf Club in Gunter.

Upon completion, the community will include 196 new homes, with five floor plans available to buyers.

KB’s new corporate home base in Maricopa County, located at the Hayden Ferry Lakeside business park, will preside over the company’s operations in 49 markets across the country.

Builders American Legend Homes, Bloomfield Homes, Highland Homes, Perry Homes and Westfield Homes will offer homes priced from the low $400,000s to the $600,000s.

The project is the builder’s first in Argyle.

For the first phase of development, the developer will deliver a mix of 45- to 70-foot lots to builders.

The builder is offering eight floor plans at Lone Oak, with three to five bedrooms and two to three bedrooms.

Floor plans range from 1,602 to 2,733 square feet with three to five bedrooms, two to 2.5 bathrooms and attached two-car garages.

Pricing in the community, located at 2901 Lakeside Village Blvd., begins at $1.799 million.

The builder is offering eight fully customizable floor plans ranging from 3,580 to 3,640 square feet with four to five bedrooms and three to four bathrooms.