Luxe Austin Homes - homebuilders

"Caliterra in Dripping Springs breaks ground on second phase"

Austin Business Journal reports, "Caliterra, a 600-acre master-planned community in Dripping Springs, is growing.

Developer SR Capital Management broke ground this week on The Ranch at Calterra, a $40 million expansion of the community at 26025 Ranch Road 12, according to an announcement. The new development phase will add more than 200 homes and home sites.

Caliterra’s original plans called for 616 homes, of which 575 have been built. Counting 232 more attributable to The Ranch, Caliterra’s total eventually will come to 848.

The homes at The Ranch, from builders David Weekly Homes, Drees Homes and Scott Felder Homes, will range from 3,000 square feet to 5,000 square feet and will be built on 80- and 100-foot lots. They will start in the…

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"REALTORS RANKED Who sells the most?"

Austin Business Journal shares, "The ABJ's 26th annual Residential Real Estate Awards luncheon on March 27 honored some of Austin's top-selling Realtors and homebuilders.

Realtors are ranked by the value of homes sold in 2024. Some sold only a handful of homes but they were big transactions, while others became winners by focusing on volume and selling more than 100 homes in 2024. Information is supplied by the Realtors or their agency.

Even with elevated interest rates and other factors slowing home sales, the Realtors who entered this contest put up impressive numbers this year.

The roughly 50 winners honored in this contest moved more than $3 billion worth of real estate last year. Collectively, these agents sold more than 3,300 homes in…

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"Planned 'new town' near Jarrell moving 'full speed ahead' — albeit behind the scenes"

Austin Business Journal shares, "About 18 months ago, representatives of Arizona-based DMB Development LLC unveiled initial plans for its long-anticipated Solana Ranch project near Jarrell. The effort called for billions of dollars of investment and construction of 14,000 homes and mixed-use buildings on more than 7,000 acres.

Elements of the project aren't yet visible on the sprawling site at the northern end of the Austin metro, but DMB President and CEO Brent Herrington said the company "is making tremendous progress and our current status is full speed ahead."

Split between Williamson and Bell counties, the planned development is among the most anticipated in the region. In early 2023, the Austin Business Journal first revealed plans for the…

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"Developer teeing up big master-planned project in Lockhart"

Austin Business Journal reports, "A North Texas-based developer appears to be gearing up to build a 178-acre master-planned community on the southeast side of the Barbecue Capital of Texas.

The project in Lockhart by Intermandeco GP LLC could bring hundreds of single-family homes, townhomes or apartments — as well as commercial space — to the 1500, 1600 and 1700 blocks of South Commerce Street. Representatives of Allen-based Intermandeco detailed its initial plans during a Lockhart City Council meeting on Sept. 3.

Council members voted unanimously to establish zoning on the site, including 28 acres of medium-density commercial, 18 acres of high-density residential and 132 acres of medium-density residential.

The Marilyn Riddle Trust is the…

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"More than 1K new homes on tap for fast-growing Georgetown"

Austin Business Journal writes, "Georgetown, recently crowned the fastest-growing U.S. city of over 50,000 people for the third year in a row, is getting a new housing development encompassing more than 300 acres.

The Georgetown City Council on May 28 approved the creation of a municipal utility district for Ragsdale Ranch, a housing development that would see more than 1,000 homes rise just a few miles north of Liberty Hill's Santa Rita Ranch — itself one of the fastest-growing neighborhoods in the metro.

Ragsdale Ranch is being developed by HK Ragsdale LLC, according to the meeting agenda, with Paul Kuo listed as the developer contact. According to his LinkedIn profile, he is a managing partner at HK Real Estate Development, a San…

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"New-Home Sales Surge as Buyers Seek Options in Tight Housing Market"

Realtor.com reports, "New-home sales surged last month, as buyers increasingly turned to fresh construction in a housing market plagued by few homes for sale.

Sales of new single-family houses jumped 8.8% in March from the prior month, to a seasonally adjusted annual rate of 693,000, the U.S. Census Bureau and Department of Housing and Urban Development jointly reported on Tuesday. March sales were up 8.3% from one year ago and were at their highest levels since last September.

The median sales price of new homes was $430,700 in March. That was good news for buyers as the price was down 1.8% from one year ago. This is a result of homebuilders increasingly pivoting to smaller and more affordable homes to appeal to buyers pinched by high mortgage…

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"Another homebuilder joins Gregg Ranch neighborhood in Marble Falls"

Austin Business Journal writes, "In Marble Falls, Gregg Ranch continues to grow.

The 240-acre community at the southern end of Marble Falls was touted in 2020 as the first large-scale development in the city in decades, with around 1,250 homes planned. Pulte Homes and Vogel Builders have built homes in the community, and Arizona-based Gregg Ranch developer Harvard Investments announced April 2 that Colorado-based Richmond American Homes has also signed on to the project.

The Richmond homes at Gregg Ranch will range from 1,687 to 3,000 square feet, with two- to six-bedroom floor plans. Richmond will begin with 62 home sites for its first two phases of construction and is under contract to buy 113 lots in a third phase of construction.

Homes…

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"Buda's Sunfield is metro's fastest-growing neighborhood"

Austin Business Journal reports, "Buda’s Sunfield is the fastest-growing neighborhood in the metro, nabbing the top spot after leapfrogging from the No. 8 position in 2023. See the list below this article.

Scarborough Lane Development’s Sunfield, a 2,795-acre master-planned community, earned first place on Austin Business Journal’s latest list of fastest-growing neighborhoods with 470 home starts last year. The list is based on data from real estate company Zonda.

There are eight homebuilders active in Sunfield, where homes can be purchased at prices much lower than the average home in the metro.

While Sunfield’s 470 home starts was an increase over the 291 home starts reported on our 2023 list, many neighborhoods saw a decrease in home…

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"Work begins on development that could bring nearly 3,000 homes to Hutto"

Austin Business Journal writes, "Thousands of homes are headed to Hutto, where Houston-based Empire Continental Land LP is building a sprawling new neighborhood.

Empire Continental Land, the Texas land division of residential builder and developer Empire Communities, announced March 18 that work had begun on the project. Flora, as it is called, will rise on more than 800 acres and have nearly 3,000 homes once complete. It’s yet another example of massive neighborhoods sprouting in largely rural areas of the metro as Samsung Electronics Co. Ltd., Tesla Inc. and other companies expand in the region and spur population growth.

“Hutto is in a period of dynamic growth for both businesses and residential communities,” said Steve Sellers, president of…

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"Mortgage rates hold steady to start 2024. Is an uptick in the housing market on its way?"

Austin Business Journal writes, "the nation's for-sale housing market is off to a mixed start this year after a 2023 that proved largely challenging for homebuyers.

Existing-home sales ended 2023 down about 19% from the prior year, according to data from the National Association of Realtors. While the number of transactions declined, prices rose in most metro areas through the end of the year, and that trend appears to be holding up early into 2024.

In fact, single-family existing-home sale prices rose in 86% of metro areas measured by the NAR — or 189 of 221 — in the fourth quarter. That's up from 82% in the third quarter.

At the end of 2023, the national median single-family existing-home price was up 3.5% from the year prior, to $391,700.

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