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Denton County Real Estate

New Denton High School Campus Design Plans Presented To School Board

The new Denton High School campus design plans were presented to the board at Denton Independent School district's November 13 meeting. The $194 million project near North Bonnie Brae for a new Denton High campus is scheduled to open in the fall of 2022. The new campus is part of Denton ISD's 2018 bond package that contained a number of campus improvements and additions to handle the growing student population in Denton ISD. VLK Architects has been working with Denton ISD, along with a host of consultants, teachers and administrators, to put the project together and [...]

By |2022-08-06T13:40:33+00:00November 14th, 2018|Denton County Real Estate, Denton TX Real Estate, Development, Education|0 Comments
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Beazer Homes Soars On Short Squeeze, Share Repurchase Plan

Beazer Homes shares soared roughly 30 percent in a single day after the Atlanta-based homebuilder reported fourth quarter and full fiscal year results on Tuesday. From the reaction of the stock yesterday, you would think Beazer had patented a new home construction process or something else miraculous. Obviously something was thrilling investors, because it wasn't demand for Beazer homes in the fourth quarter, which fell according to the company's press release. According to Beazer, unit orders during the fourth quarter fell 0.8 percent to 1305 homes. Beazer's homebuilding revenues rose 14 percent for the fourth [...]

By |2022-08-06T13:41:05+00:00November 14th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, Development, DFW New Homes, DFW Real Estate, Markets, Spin Cycle|0 Comments
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High Prices, Higher Rates Stall Dallas Fort Worth New Home Market

High prices and higher rates are hammering the Dallas-Fort Worth new home market. Starts from new home builders are now expected to increase by only a few hundred homes next year. I am not surprised. I covered this development a few days ago in my post on DR Horton's fourth quarter results, but a recent piece in the Dallas Morning News citing an industry insider/expert highlights the failure of local media to report on what is actually happening. My October housing market report for the DFW area explains why the correction in the local real estate [...]

By |2018-11-11T13:25:58+00:00November 11th, 2018|Dallas Tx Home Prices, Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, Development, DFW Home Prices, DFW New Homes, DFW Real Estate, Economy, Housing Market, Mortgage Rates, New Home Sales, Spin Cycle, Video|0 Comments
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Denton County Home Sales Continue Sliding In October

Denton County Texas home sales continued to slide in October as the real estate market softened throughout the Dallas-Fort Worth area. Closed sales in Denton County fell roughly 8 percent for the month of October compared to last year. This is slightly worse than the 6% sales decline for the Dallas-Fort Worth metro area. Pending single-family home sales in the Denton County area were down about 14 percent for the month of October as the stock market swoon also hit the local housing sector. The official statistical estimate of a 9 percent pending sales decline [...]

By |2021-07-05T13:47:18+00:00November 9th, 2018|Denton County Home Prices, Denton County Homes For Sale, Denton County Real Estate, Denton Tx Home Prices, Denton TX Homes For Sale, Denton TX Real Estate, DFW Home Prices, DFW Homes For Sale, DFW Real Estate, Economy, Housing Market, In the Press, Markets, Mortgage Rates, Relocation, Spin Cycle, Texas Real Estate|0 Comments
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DR Horton Posts Higher Sales And Orders On Lower Average Prices

Dallas-Fort Worth-based DR Horton released fourth quarter numbers showing an 11 percent increase in home closings for the latest three months ending September 30. The company also posted a 11 percent jump in new net sales orders for the fiscal fourth quarter. With 51,857 homes sold during the past year, DR Horton still edges out Lennar as the country's largest home builder by volume. While DR Horton posted solid results on new home sales and profitability in the latest quarter, the housing slowdown is still evident digging into the company's latest numbers. In the midst [...]

By |2021-07-05T13:47:45+00:00November 8th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, DFW New Homes, DFW Real Estate, Economy, In the Press, Markets, Mortgage Rates, New Home Sales, Spin Cycle|0 Comments
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LGI Homes Stock Nosedives As Q3 Sales Decline 7.4% With Higher Community Count

Woodlands based LGI Homes posted third quarter results that didn't impress the market. Home closings fell 7.4% in the latest quarter. More concerning is that LGI's sales decline occurred as the community count increased from 77 to 81. As I have detailed for much of the year, publicly-traded home builders are struggling to match the shift in consumer demand toward less expensive homes. As their order growth has stalled with higher mortgage rates, builder stock prices have suffered. LGI's problems are more complex. I suspect that LGI's problems go beyond just average prices. LGI already builds [...]

By |2022-08-06T13:41:28+00:00November 6th, 2018|Denton County New Homes, Denton County Real Estate, Denton Tx New Homes, Denton TX Real Estate, Development, DFW Real Estate|0 Comments
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October Swoon Suggests Denton County Real Estate Market Correction Just Getting Started

Denton County's real estate market is going to post some very soft numbers again for October. Both closed and pending home sales are going to be down year-over-year while pending home sales are likely going to post a double-digit decline not just in Denton County, but for the entire Dallas-Fort Worth housing market. OUCH! Available home inventory is shooting higher across the DFW area. While notable economists at the Federal Reserve, local real estate "professionals" and even the "experts" at the RECenter at Texas A&M have been dismissing recent developments as just a cooling off [...]

By |2022-01-05T03:37:34+00:00November 4th, 2018|Dallas Tx Employment, Denton County Home Prices, Denton County Real Estate, Denton Tx Home Prices, Denton TX Real Estate, DFW Home Prices, DFW Real Estate, Economy, Housing Market, Housing Policy, Humor, In the Press, Mortgage Rates, Real Estate, Spin Cycle, Texas Real Estate|0 Comments
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New Home Sales Fall 13.2 Percent In September As Inventory Rises 34 Percent

The Census Bureau reported new home sales for September this morning at a seasonally adjusted annual rate of 553,000. This was 5.5 percent below revised August numbers and a 13.2% drop from September last year. The numbers for September new home sales were well below estimates, and they came on top of big downward revisions for previous months as well. Both the median price ($320,000) and the average price ($377,200) were below prices seen last year. The supply of new homes on the market swelled to 7.1 months in September. That translates to a 34% [...]

By |2020-09-22T15:47:34+00:00October 24th, 2018|Denton County Home Prices, Denton County New Homes, Denton County Real Estate, Denton Tx Home Prices, Denton Tx New Homes, Denton TX Real Estate, DFW Home Prices, DFW New Homes, Mortgage Rates, New Home Sales, Real Estate, Texas Real Estate|0 Comments
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Denton County Ranks 3rd In Nation For Inbound Migration, Relocation

Denton County Texas ranks as the 3rd most popular destination in the United States according to a recent study from RentCafe on inbound and outbound migration during the past 5 years. Denton was behind only Maricopa County in Arizona and Clark County in Nevada. Not surprisingly, Texas is home to 5 of the 10 most popular inbound destinations. Denton County's net migration gain of 96,000 during the last 5 years is 10,000 more than neighboring Collin County which also made the top 10, posting at number 6. People in Las Angeles, Chicago, New York, Miami [...]

By |2018-10-19T18:16:14+00:00October 19th, 2018|Denton County Home Prices, Denton County Real Estate, Denton County Relocation, Denton Tx Home Prices, Denton TX Real Estate, DFW Real Estate, Housing Market, In the Press, Real Estate, Relocation|0 Comments
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Existing Home Sales Lowest In 3 Years With 4.1% September Drop

The National Association of Realtors reported the lowest levels for existing U.S. home sales in 3 years. Sales of existing homes posted at a seasonally adjusted annual rate of 5,115,000 for September, down from August numbers which were also revised lower. The year-over-year decline in existing home sales of 4.1 percent puts sales levels back to where they were three years ago. Existing home inventory at 1.88 million homes was up slightly from last year's 1.86 million units. NAR's chief economist, Lawrence Yun, indicated that "higher interest rates have led to a decline in sales [...]

By |2020-09-22T15:47:51+00:00October 19th, 2018|Denton County Homes For Sale, Denton County Real Estate, Denton TX Homes For Sale, Denton TX Real Estate, DFW Homes For Sale, DFW Real Estate, Existing Home Sales, Housing Market, Housing Policy, In the Press, Mortgage Rates, Texas Real Estate|0 Comments
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