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Development

First Phase of Cole Ranch Taking Shape in Denton

The first phase of the Cole Ranch development is taking shape in the southwest side of Denton. Hillwood Communities has been working on the project that will turn the former Hunter Ranch and Cole Rach in to a huge 3200-acre master-planned development with roughly 6000 homes. The initial plat of phase I of the project shows over 600 homes on tap. Those homes should be arriving as available inventory in early 2024. "Preliminary plans call for 663 single family lots, 48 townhome lots, 1 multifamily lot, 7 mixed-use regional lots, and 1 light industrial lot. [...]

Eagle Creek To Bring Hundreds of New D.R. Horton Homes to South Denton

D.R. Horton's Forestar development group have been turning the dirt for the new Eagle Creek development. The community of Eagle Creek is a multi-phase development that will supply hundreds of new single-family homes during the next few years. Eagle Creek is comprised of a few hundred acres west of the railroad tracks near Borman Elementary and Denia Park. It extends from Rose Lawn Drive on the south up toward Parvin Street on the north end of the development. D.R. Horton currently builds homes in the $300,000-$500,000 range in the Denton area and the homes in [...]

Mattamy Homes Enters DFW Market Acquiring New Synergy Homes

Canada's Mattamy Homes, North America's largest privately-owned builder is acquiring the Dallas-Fort Worth operations of New Synergy Homes. New Synergy is a division of Centurion American Development Group currently building homes in the northern DFW metroplex. Mattamy's acquisition will give the company ownership and control of over 3400 homesites in 26 different communities. "We have been looking for the right opportunity to enter the Dallas market for several years and are pleased to be able to launch our new operation with a large and enviable land position that is extremely rare for this constrained land [...]

Toll Brothers Preparing 138 New Denton Home Sites In ParkVue

Toll Brothers is close to breaking ground with 138 new home sites in the new Denton community of ParkVue. Parkvue consists of roughly 45 acres from the Good Samaritan tract of land just east of Lake Forest Park and the Wiggly Field Dog Park along Ryan Rd. Lot sizes show to be roughly 50 feet by 120 feet, with a few home sites slightly larger than that. Toll Southwest has not released any specific information or pricing or designs regarding ParkVue, but it appears the roads have been cut into the property. More details should [...]

Village Builders Waterbrook Opening Late Fall In Argyle TX

Village Builders has pushed back their opening for the Argyle community of Waterbook to late Fall 2019 according to a company representative I spoke with earlier today. One of model homes is currently under construction, but it will apparently be a couple of months before the community is ready to entertain contracts for new home construction. Waterbook won't see its first permanent residents until 2020. Parent company Lennar Homes has experienced some delays getting things off the ground after acquiring the community in the CalAtlantic acquisition. Prices in Waterbrook are still slated to range from [...]

D.R. Horton New Home Orders Miss Expectations With Average Prices At 5-Year Low

Arlington-based D.R. Horton posted some mixed fiscal first quarter results today with the DFW homebuilder missing profit and sales order expectations. D.R. saw rising sales and revenue for the quarter, but even with a huge tax expense reduction and 4.1 million shares repurchased by the company, things didn't quite work out as well as the company might have anticipated. D.R. Horton closed 7 percent more homes in the latest quarter, 11,500, but net sales orders for the period ending in December rose only 3 percent to 11042 homes. That D.R. Horton was able to achieve [...]

Trendmaker Homes Comes To Dallas Via TRI Pointe Acquisition of Dunhill

California based TRI Pointe Group is expanding its Texas footprint by purchasing Dallas-based Dunhill Homes for a reported $60 million. Dunhill Homes operates in the Dallas-Fort Worth market under the Dunhill and Nathan Carlisle Homes brands. Effective January 1st, Dunhill will begin operating under the Trendmaker Homes brand. Trendmaker Homes was previously part of Weyerhaeuer before the Houston area builder was acquired by TRI Pointe several years ago. Trendmaker builds a number of affordable luxury homes in the Houston and Austin markets. With the absorption of Dunhill Homes, TRI Point will acquire Dunhill's assets, and [...]

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 [...]

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 [...]

Denton ISD Housing Activity Poised For Future Growth

The Denton Independent School District board of trustees received their quarterly growth report at the last school board meeting. The Q1 report from Templeton Demographics highlights current district growth patterns as well as future lot development within Denton ISD's 180 square mile boundary. There are also some interesting statistics on Denton home prices and Denton homes for sale. Some of the more interesting highlights from the demographic report include: Student Enrollment within Denton ISD stands at 29,420 Unemployment rate of 3.2% within Denton ISD, compared to 3.7% for the DFW MSA Over 32,000 future new [...]

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