Luxe Austin Homes - homebuilder

"Home sales launch in massive Flora neighborhood in Hutto"

Austin Business Journal writes, "A sprawling master-planned community in Hutto is coming along as another homebuilder opens up sales within it.

Nevada-based Tri Pointe Homes, one of the busiest volume homebuilders in the metro, now has homes ready to purchase in the master-planned community, said Bryan Havel, Tri Pointe’s Austin division president. Work on Flora, an 835-acre project in Hutto developed by Precedent Land Company, began in March 2024.

Other homebuilders involved in the first phase of Flora, which Havel said is being built on about 50 acres, include Brightland Homes, Meritage Homes, Empire Communities, Perry Homes, Highland Homes and Westin Homes, according to Flora’s website. Of those, Westin is the only homebuilder not marketing…

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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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"Landsea Homes opts for larger digs in Austin as its local pipeline grows"

Austin Business Journal reports, "As Austin’s housing inventory continues to grow, a Dallas-based homebuilder with a national footprint is increasing its presence in the Texas capital.

Landsea Homes Corp. (Nasdaq: LSEA) signed an 8,000-square-foot lease for an office at North Austin’s Stonebridge Plaza, according to an announcement. The company will leave its current office at 4001 W. Parmer Lane, which is roughly 4,500 square feet, when the new office opens in early 2025.

“Landsea Homes has been expanding rapidly in the Austin area over the last year and we have quickly outgrown our current office space,” said Jill Wasik, Landsea’s director of sales and marketing for its Austin division, in a statement. “Stonebridge Plaza is centrally located,…

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"D.R. Horton could bring around 1,500 homes to Bastrop"

Austin Business Journal shares, "The busiest volume homebuilder in the region plans to bring around 1,500 homes to a small town outside Austin.

Bastrop City Council was shown new plans for a public improvement district called Valverde on Aug. 13 that could be valued at $557 million at full buildout. The property is owned by D.R. Horton Inc. through its Continental Homes of Texas LP subsidiary, according to property records.

The Valverde plans are the latest evolution of a project that was formerly called Viridian, which was also a D.R. Horton project.

Valverde would rise on 399 acres north of State Highway 71, and plans call for both single and multifamily development. In a statement, D.R. Horton Austin Division President Scott Wilburn…

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"Homebuilder GFO Home offering 4.75% fixed rates on North Austin metro homes"

Community Impact Austin writes, "homebuilder GFO Home is expanding into Austin-area communities. In August, the builder is offering a variety of promotions, such as 50% off upgrades on to-be-built homes or a 4.75% fixed rate on quick move-in homes—available in Pflugerville, Georgetown, Liberty Hill and Manor—at no cost to customers.

A closer look

According to a news release, GFO Home has homes for sale at pre-grand-opening prices in two new Austin-area communities: Saddleback at Santa Rita Ranch in Liberty Hill, opening in September, and Enclave at Cele in Pflugerville, opening in October. GFO is also starting a new community in Leander near the San Gabriel River.

What else?

According to GFO Home, the builder currently has more than 50 inventory homes…

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"Are buyers already coming back into the housing market?"

Austin Business Journal reports, "since the start of the new year, there's indications buyers may be — albeit slowly — reentering the housing market, owing in part to mortgage rates that've stabilized since 2022's volatility.

Redfin Corp. (Nasdaq: RDFN) found while pending home sales fell 26% year over year during the four weeks ending Jan. 22, that was the smallest drop in more than three months, and that metric had began rising on a month-over-month basis since December.

Separately, home tours and requests for service for Redfin remain down 23% and 27% respectively from a year prior, but both are an improvement from a November trough of that activity being down 40%.

Pending home sales increased in December for the first time since May 2022,…

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