Luxe Austin Homes - development

"Building Boom Forecast for 2025: Number of Affordable New Homes Set To Soar, but Expect Them To Be Smaller"

Realtor.com writes, "Builders are working to fix America’s critical housing shortage—and while the number of new homes is expected to top 1.1 million in 2025, expect them to be built slightly smaller.

But, homebuyers can expect them to be more affordable, too, according to the Realtor.com® 2025 Housing Forecast. This is especially good news for first-time homebuyers, who might find new homes easier to access in areas that are growing.

New construction will help ease the housing shortage

In 2025, new-home sales and single-family housing starts are expected to improve compared with other types of homes. Builders plan to construct about 1.1 million homes, which is a 13.8% increase from 2024.

Builders are working to make homes more affordable,…

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"Construction to gain steam at luxury Lake Travis master-planned community Thomas Ranch"

Austin Business Journal reports, "The expansive Thomas Ranch luxury housing development on Lake Travis has secured $106 million in financing for construction of infrastructure and initial homes in the master-planned community.

Thomas Ranch developers Areté Collective and the Wasatch Group will use the loan, underwritten by D.A. Davidson’s Development Finance Group, to complete roadwork, water and wastewater treatment plants and other infrastructure at the 2,200-acre development along State Highway 71 near Spicewood, according to a Dec. 3 announcement. The financing also will support construction of the first homes in Loraloma Private Club & Estates, a luxury enclave within Thomas Ranch where homes and homesites are now available.

At full…

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"Here's a look at changes Austin made to development regulations in 2024"

Austin Business Journal shares, "It has been a year of change in Austin for regulations around homebuilding, with many new policies enacted that are meant to boost the supply of residences. 

They include new density bonus programs that enable developers to build taller buildings if they include affordable units, as well as modifications to rules governing lot sizes and how many homes can be built on them.

Here is a look at some of the changes enacted in Austin in 2024, in addition to proposals that the City Council may consider soon.

HOME Initiative 

One of the most debated undertakings was the implementation of the HOME Initiative, which altered the rules regarding how many homes can be built on single-family lots and also reduced the…

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"Public-private partnerships seen as key to affordable housing development in the metro"

Austin Business Journal writes, "With a lack of affordable housing among the most pressing problems affecting Central Texas, public-private partnerships have become a necessary tool to help solve it.

That's the view of Nick Walsh, vice president of development at The NRP Group, a for-profit developer of multifamily and affordable housing projects currently engaged in a number of public-private partnerships. Such partnerships are delivering thousands of housing units priced at levels deemed affordable, based on the region's median income levels.

The price of land is just too steep to make regular math work, real estate experts have lamented for years. Relationships that offer tax breaks and other perks only found via the public realm are pretty…

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"New homebuilder joins Whisper Valley neighborhood"

Austin Business Journal reports, "A new homebuilder is working in one of East Austin’s most technologically advanced housing developments.

Denver-based Richmond American Homes will build 121 homes in the 2,067-acre Whisper Valley development, according to an announcement. The homebuilder is active in 16 states, according to its website, and joins several Central Texas homebuilders and one international builder already active in Whisper Valley, which has been an epicenter for innovation in sustainable housing in Central Texas.

Richmond American will build 21 homes in the current, fourth phase of development in Whisper Valley, and 100 more in the next phase. The new homes will be available in three- to five-bedroom floor plans ranging from 1,950…

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"California-based homebuilder New Home growing in Austin metro"

Austin Business Journal shares, "A California-based homebuilder is making a splash in Georgetown’s Bluffview neighborhood, where it purchased 105 homesites for more than $17 million.

New Home Co., which made its Texas debut in 2023 with the purchase of Katy-based Hamilton Thomas Homes, is now building new homes in the Austin region, according to an announcement. In addition to homes in Bluffview, it's at work building homes in Buda and Kyle, and it has plans to grow further, New Home Co. CEO Matthew Zaist said.

The 105 homesites in Bluffview consist of 65 lots with 50-foot frontages and 40 lots with 60-foot frontages, Zaist said. Homes on the lots will range from 2,100 square feet to more than 4,000 square feet.

New Home Co. expects to begin…

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"New city zoning program that uses density as carrot to encourage affordable housing proving popular so far"

Austin Business Journal writes, "It will take time and it won't help everywhere, but a new zoning designation should boost the supply of housing in Austin.

That's the view of a number of developers when it comes to the so-called Density Bonus 90, or DB90, zoning program approved by the City Council in February. Residential buildings on properties with the new zoning can be up to 90 feet high — 30 feet higher than otherwise allowed — and have ground floor commercial uses, provided certain percentages of the residential units are priced at levels deemed affordable.

“It's unlocking additional properties that couldn't previously achieve the necessary density,” said Chris Affinito a managing partner at Notional Development Partners, a firm that…

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"Downtown Austin skyscraper builder breaks ground on big industrial park near Kyle"

Austin Business Journal writes, "The Dallas-based developer behind Sixth and Guadalupe and Waterline, the current and future tallest buildings in Austin, announced on Oct. 17 that the company has broken ground on an 894,000-square-foot industrial development near Kyle.

Lincoln Property Co. and joint venture partner Goldman Sachs said in an announcement that CTX 110 – formerly known as Waterstone – is expected to be finished during the fourth quarter of next year. It's located on 47 acres off of I-35 at 14031 Farm to Market Road 110, about 25 miles south of downtown Austin.

The San Marcos City Council last month voted to terminate a municipal utility district consent agreement for the property, remove the land from a development agreement and…

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"Developer secures $28.5M loan for East Austin infill housing"

Austin Business Journal reports, "The Geyser Group is set to build infill housing in East Austin after securing a $28.5 million construction loan.

The development, known as The Arden, will rise on about five acres at 4908 Lott Ave., beside city-owned Springdale Neighborhood Park, said Matt McDonnell, partner at Austin-based Geyser Group.

“The idea is to create additional housing stock in a neighborhood (ZIP code 78721) that has exhausted its current supply,” McDonnell said. “When you see the Mueller neighborhood complete, you see some of the StoryBuilt projects that either didn’t get fully realized or have stalled out a little bit, so the idea is trying to fill that missing-middle housing that doesn’t really exist in enough quantities.”

Embattled…

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"More homes, commercial development on tap for Williamson County after MUD wins approval"

Austin Business Journal reports, "Hundreds of homes could soon rise in a new municipal utility district in Williamson County between Georgetown and Liberty Hill.

Williamson County Commissioners Court approved a development agreement for the MUD, called Hudson Park, on Oct. 1. The roughly 122-acre project from Sugar Land-based Ashton Gray Development will be built along Ronald Reagan Boulevard and feature single- and multifamily residences as well as commercial lots, Ashton Gray President Shaun Vembutty said.

It's another in Ashton Gray’s long project pipeline aimed at some of the more rural areas of the metro. The developer works on retail centers, master-planned subdivisions, multifamily projects, senior living communities and mixed-use…

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