Builders find room to grow in Spring, Tomball, Cypress and Klein
Residential communities continue to develop throughout northwest Houston.
Homebuilders and developers are working to meet the demand for new housing as transportation improvements and business growth continue to drive more residents to the area.
Toll Brothers and Texas-based Cernus Development are building Woodson’s Reserve, a new housing community close to Interstate 45 and the Hardy Toll Road.
Also under development is the expansion of Wildwood at NorthPointe, the Reserves at Spring Lakes, located on Zion Road, and the Woodtrace community off Texas 249, which will have 850 homes upon completion.
Home sales have been strong in the Bridgeland master-planned community in Cypress, said Heath Melton, vice president of MPC Residential, The Howard Hughes Corp. In total, more than 2,800 homes have been built or are currently under construction in Bridgeland and more than 2,700 are occupied.
Bridgeland representatives estimate the community will have approximately 20,000 single-family homes at build out.
Growth in Bridgeland is accelerating as new projects are nearing completion, including a four-story high school opening there this fall. And completion of the Grand Parkway has been a significant boost for the community, Melton said.
In addition, this summer, the community will complete its first major connector with the Grand Parkway - Bridgeland Creek Parkway. The 11,401-acre master-planned community, developed by the Howard Hughes Corp., is in Cypress located between U.S. 290 and Interstate 10 on Fry Road. It is bisected by the Grand Parkway.
Two housing communities are under construction in Springwoods Village - Audubon Grove and Harper Woods. Once complete, Springwoods Village is expected to be home to 5,500 single-family homes.
Springwoods Village is developing its community with a variety of residential choices and price points, said Keith Simon, CDC Houston’s executive vice president and director of development for residential development in Springwoods Village.
In addition, housing communities in Springwoods Village are being developed to support a walkable community, Simon said.
Development of Audubon Grove’s upscale 51-home community, nestled near the Springwoods Village Nature Preserve, is nearly complete. There are only four plots left in the community, being developed by Taylor Morrison.
Harper Woods is also under development in Springwoods Village. The community, which is unique for its front porches and Southern coastal style, is being developed by Sullivan Brothers Builders. The community includes single-family homes and townhomes.
There are now two multi-family housing communities in Springwoods Village - The Belvedere and The Mark City Place apartments, which opened a leasing office in April. The first move-ins were in early July.
Martin Fein Interests opened The Belvedere last year, a 342-unit residential rental community in Springwoods Village.
The Mark at City Place Springwoods Village is Martin Fein Interests’ second apartment complex in the community. The six-story, luxury 268-unit community with one, two and three bedroom apartments is located in the town center.
Martin Fein Interests chose City Place because it is a walkable community, close to major employers and retail and restaurants, said Rebecca Luks, vice president of development for Martin Fein Interests.
And more housing options are coming.
Springwoods Village developers are in discussions with additional homebuilders, but are not ready to make any announcements yet.
The population has been booming in Northwest Houston, which has also meant a continued growth in the housing market.
The housing market has fluctuated in recent years from explosive growth to more moderate growth. Exxon Mobil Corp. employees were moving to the area in droves a couple of years ago. Then the housing market took a dip during the oil bust. Recently home sales and prices have been rising month after month.
Houses priced below $250,000 are moving well, and remain in high demand. Houses priced over $400,000 are taking a little longer to sell.
Monthly home sales figures show buyers closed on 8,414 single-family homes in June, an 8.3 percent increase over the same month last year and the largest one-month sales volume in history, besting a record set a month earlier.
The positive data from the Houston Association of Realtors show housing benefitting from pent-up demand even as the Houston economy continues to grapple with further fluctuations in oil prices.
Year-to-date, single-family home sales are ahead of last year’s volume by 7.4 percent. Hitting a new high, the median price of a single-family home was $239,023 in June, $4,000 more than last month and $6,000 more than last year at this time, according to the Houston Association of Realtors.
New housing communities in northwest Houston:
Wildwood at NorthPointe
The Reserves at Spring Lakes, located on Zion Road
The Woodtrace, off Texas 249
Bridgeland master-planned community in Cypress
The new Belvedere apartment community in Springwoods Village
Harper Woods neighborhood of Springwoods Village
Audubon Grove neighborhood in Springwoods Village
The Mark at City Place Springwoods Village
Woodson’s Reserve, located close to I-45 and the Hardy Toll Road