Houston master-planned communities are highest selling in U.S.

Plus: Canyon Ranch, health club for the wealthy, unveils plans for River Oaks outpost

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Photo by: Starwood Land

Tops in the nation

New-home sales are up across Houston's suburbs, making Houston the top performing metro in the U.S. with 13 communities landing in a ranking of the nation's top 50, according to a midyear report by real estate consulting firm RCLCO.

What do they have in common? Resort-style amenities, parks and places that foster connections with neighbors, a supply of available homes in various price ranges and proximity to schools, services and jobs.

One factor driving the sales is the limited supply of existing homes on the market moving buyers to new-home purchases, said Michael Smith, president and CEO of Johnson Development Co., which has experienced a 28 percent rise in year-to-date sales across its portfolio. Plus, builders are offering incentives such as assistance with closing costs and mortgage rate buy-downs to help buyers cope with higher interest rates.

See the story for more on the market and snapshots of Houston's leading communities for home sales.

 

Katherine Feser, Real estate reporter katherine.feser@houstonchronicle.com

 

 

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Residential

Photo by: Mark Mulligan, Staff Photographer Houston home sales slowly move toward pre-pandemic levels after smallest decline in more than a year After setting record highs last year, single-family home prices continued to stabilize with the average price rising slightly in July, according to the Houston Association of Realtors.

 

Photo by: Edward A. Ornelas/San Antonio Express-News Podcast: Texas' new property tax relief explained After much political wrangling and not one but two special legislative sessions, the Texas legislature has finally agreed on a property tax relief bill.

 

Photo by: Jason Fochtman, Staff Photographer How parks are made in Woodlands amid new 208-acre parkland tract The Woodlands' has more than 140 parks and got another 208-acres of potential future parkland from Howard Hughes. Here's how parks start in The Woodlands.

 

 

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Commercial

Photo by: Canyon Ranch Canyon Ranch, health club for the wealthy, unveils plans for River Oaks outpost A posh new River Oaks-area building is slated to welcome a new health and wellness club, Canyon Ranch, opening in 2024.

 

Photo by: Mango Mango debuts in Texas in Memorial City Mall as U.S. expansion continues Mango brings its modern Mediterranean clothing designs for women ranging from everyday wear to special occasions at its first Texas store in Memorial City.

 

Photo by: Jeenah Moon, Getty Images NBA Store, Alo Yoga highlight new stores coming to Houston's Galleria The Galleria will welcome several retailers in the coming months following the opening of the first to the Houston market Wilson sporting goods store.

 

Photo by: Leonid Furmansky New Conroe building uses energy-efficient design to beat Texas heat The new Promenade Place commercial building in Conroe has a unique scalloped exterior devised to deflect the hot sun.

 

Photo by: Jason Fochtman, Houston Chronicle / Staff Photographer Chevron Phillips Chemical purchases new Woodlands headquarters Chevron Phillips Chemical will conduct a $60 million renovation at its new six-story headquarters in The Woodlands.

 

Photo by: Jason Fochtman, Staff Photographer / Houston Chronicle The history of The Woodlands Waterway, from a 'napkin sketch' and drainage ditch to public ownership The Woodlands Waterway's history spans as long as the township itself, with plans to create a pedestrian transit corridor starting as far back as 1972.

 

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Real estate transactions

Photo by: Boll & Branch

Bedding store Boll & Branch, French boutique Balmain debut stores near River Oaks

See the latest sales, leasing and brokerage activity in the Houston area.

 

 

 

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