At the same time, builder sales expectations for the next six months posted their second-largest drop since the sentiment index started in 1985. 

First Continental closed a $45 million loan — the largest in its history — with Tellus Group for a master-planned community, called Meraki, in Forney.

The $1.5 billion development is set to be designed around holistic wellness, sustainability and community connection.

The builder will offer homes from its Elite and Select collections on 50- and 60-foot lots, with designs ranging from 1,900 to over 3,600 square feet.

The median-sales price slid from $425,600 in October to $402,600 last month. 

“Glenn Heights is a fantastic location for families and commuters alike,” said Todd Miller, division president of Kindred Homes.

Toll Brothers will build a new-home community in Adkins Park, a luxury single-family home development in Hurst.

Family-owned builder Kindred Homes announced plans for a 46-acre expansion at Park Trails, a master-planned community in Forney.

Toll Brothers announced the opening of Dixon Estates, a luxury new-home community in Flower Mound.

Multifamily construction, meanwhile, rose on a monthly basis. 

New-home prices, meanwhile, were mixed among the state’s largest cities, according to the latest report from HomesUSA. 

The median price of a new home sold during the month was also up, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. 

The NRP Group and the JPS Health Network are developing Thrive on Crawford together. 

Multifamily starts, meanwhile, declined, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development said.    

The developer, the Steinbridge Group, has committed to helping historically Black colleges and universities and other community institutions develop underutilized real estate.

The homebuilder will build larger, more open floor plans on a variety of lot sizes in high-growth communities.