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Denton County New Homes

Toll Brothers Stock Trips On Higher Cancellation Rate

Luxury home builder Toll Brothers reported fiscal second quarter results today, and Mr. Market was not amused. Toll Brothers net income declined for the latest quarter as did income from operations. Income from operations fell from 10.1 percent of revenues last year to 8.4 percent of revenues in Q2 2018. Perhaps more concerning was the jump in Toll's cancellation rate, rising from 3.5 percent last year to 5.2 percent in the second quarter of 2018. While the absolute percentage may seem small, this is actually a significant development when you consider that Toll can be extremely [...]

By |2018-05-22T15:25:47+00:00May 22nd, 2018|Denton County New Homes, Denton Tx New Homes, DFW New Homes, Economy, Housing Market, In the Press, Markets, Mortgage Rates|0 Comments
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Denton TX Mortgage Rates Highest In 7 Years

Denton TX mortgage rates reached their highest levels in 7 years according to the latest weekly survey data from Freddie Mac. With Denton area home prices at record levels home sales activity and prices could soon be affected. As I have detailed in previous posts, you can already see this happening in many of the more expensive DFW submarkets. It is rather ironic that the Fed's latest Quarterly Report On Household Debt and Credit shows that debt rose for a 15th consecutive quarter with the latest increase fueled by mortgages and student loans. The real [...]

By |2020-03-28T14:43:05+00:00May 17th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Market, In the Press, Mortgage Rates|0 Comments
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Denton County Home Sales Flat In April Amid Higher Mortgage Rates

Denton County home sales were relatively flat in April compared to the same month in 2017. Preliminary sales figures show a 1 percent decline in closings within Denton County compared to a two percent sales gain in the larger DFW area. Average home prices in Denton County were up 7.5 percent compared to last year, in line with the record high prices seen in recent months. Pending sales, a more forward-looking indicator of future closings also point to some stagnant sales activity ahead. Pending sales in Denton County show to be up 2.7 percent while [...]

By |2018-05-14T15:40:21+00:00May 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County Homes For Rent, Denton County New Homes, Denton County Real Estate, Denton TX Homes For Lease, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW Homes For Lease, DFW Homes For Sale, DFW Real Estate, Housing Market, Mortgage Rates|0 Comments
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Meritage: “Strong Demand For Entry Level Homes” Drives New Orders Increase

Meritage Homes reported first quarter sales yesterday, and the publicly traded home builder admitted what many, including myself, have been saying. New home prices have eclipsed the threshold of what most Americans can afford (or are willing) to pay. Meritage saw a 2 percent increase in closed sales for the quarter on average new home prices that were up by just 1 percent. New orders grew 10 percent compared to the same quarter last year on average sales prices that were 2 percent lower. This is the dilemma now facing most new home builders with [...]

By |2018-04-27T12:17:40+00:00April 27th, 2018|Collin County Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Housing Market|0 Comments
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New Home Sales Climb In March With Lower Average Prices

The Census Bureau reported that new home sales in the United States climbed to a seasonally adjusted annual rate (SAAR) of 694,000 in March. This represents a sales increase of almost 9 percent compared to last year. Sales for January and February were also revised higher. The median price of a home sold in March was $337,200 while the average price of a new home contracted in March was $369,900 according to Census estimates. While the median price climbed in March, the average price of a new home in the United States declined by $14,500 [...]

By |2018-04-24T18:39:48+00:00April 24th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton Tx Home Prices, Denton Tx New Homes, DFW Home Prices, DFW New Homes, Existing Home Sales, Housing Market, Mortgage Rates, New Home Sales|0 Comments
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Denton County Home Prices Hit New High In March As Sales Cool

Denton County home prices hit a new record high in March with the average price of a Denton County home posting at just over $360,000. Median home prices for Denton County also hit a new all-time high rising to almost $320,000. That was a jump of 8 percent from March of last year. While home prices throughout the DFW area were hitting new highs at the end of the first quarter, actual closed sales of homes declined 5 percent in March. Denton County saw a similar 5 percent decline in home closings for the month. [...]

By |2018-04-12T15:16:55+00:00April 12th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Property Taxes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, Economy, Housing Market, Mortgage Rates|0 Comments
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Denton County TX Home Sales Flat In February As Prices Rise

Denton County home sales followed the trend in the DFW area during February, roughly unchanged from the same sales volume a year ago. The average price of a Denton  County home rose almost 5 percent year-over-year to just over $341,000. The median price of a Denton County home rose 7.5% to $304,990. The average price of a new Denton County home rose 9.6 % in February to $432,625. Resale price gains were more muted in February, rising only 4.0 percent compared to last year. Pending home sales in both Denton County and the greater DFW [...]

By |2022-08-06T13:24:50+00:00March 12th, 2018|Collin County Home Prices, Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, DFW Home Prices, DFW Homes For Sale, DFW New Homes, DFW Real Estate, Economy, Housing Market, Mortgage Rates|0 Comments
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Denton County New Home Prices Jump 10% In January

Denton County new home prices jumped to a new high in January. According to NTREIS data the price of closed new construction within Denton County Texas was 10.2 percent higher year-over-year with the average price per square foot of a new Denton County home hitting $151. The total price of a new home was up 11 percent to $436,571. These are some impressive price increases particularly for what is normally a slower part of the selling season. December was a banner month for new home sales throughout the DFW area, and January looks to be [...]

By |2018-05-12T00:51:53+00:00February 16th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, DFW Home Prices, DFW Real Estate, Economy, Mortgage Rates, New Home Sales, Texas Real Estate|0 Comments
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New Home Sales Get Reality Check In December As Median Prices Hit Record High

Following yesterday's relatively weak existing home sales numbers from NAR, December new home sales posted at at seasonally adjusted annual rate of 625,000. That was a 9 percent drop from the euphoric November new home sales numbers, which were revised sharply lower along with October numbers. The median price of a new home in the U.S. hit a new high of $335,400 while the average price rose to $398,900. Existing home sales continue to suffer from an acute shortage of inventory and inflated prices. New home sales, while still growing, are even more expensive compared [...]

By |2019-02-06T01:43:16+00:00January 25th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton TX Homes For Sale, Denton Tx New Homes, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Existing Home Sales, Housing Market, New Home Sales, Real Estate, Relocation|0 Comments
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Denton County Home Construction Marches Higher

Denton County home construction pushed higher at the end of 2017, with the number of new homes on the market up over 16 percent. That figure is likely even higher since some new home construction is intentionally left out of the multiple listing service by home builders to avoid spooking potential home buyers with any obvious inventory gluts. Recent numbers from Dallas-based Residential Strategies showed construction starts in the DFW area up 20 percent in the fourth quarter of 2017. The increase in construction is a welcome sign, particularly since resale home inventory continues to [...]

By |2018-01-09T16:23:59+00:00January 9th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Development, DFW Home Prices, DFW New Homes, Housing Market|0 Comments
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