Low lot alert: Houston top ten communities
HOUSTON – Master-planned communities hold about 30 percent of the market share of new home construction, said David Jarvis, regional director of Houston-based Metrostudy.
However, many of the communities are short on lot supply and nearly sold out. In April 2013, lot supply dipped to 3.4 months, a 13-year low.
Old-school factors such as proximity to work and respectability of school districts still matter just as much, but the difference is that corporations are moving to livable centers that feature a high quality of life, said Bill Odle, managing principal in Houston at TBG Partners.
Three major companies have expansions underway in Fort Bend County — Fluor Corp., Texas Instruments Inc. and Nalco Co.