Activities at the village market and maker space. (Photo: Richard W. Rodriguez)

From Staff Reports

Walsh is now home to Fort Worth’s newest makerspace. The Walsh Makerspace, located in the heart of the growing 7,200-acre neighborhood in west Fort Worth, is the first of its kind to be built from the ground up around a new development, and is available to residents and the public.


A quarterly report from Metrostudy says Dallas-Fort Worth new home construction was up 7 percent, and closings on new homes up 9 percent, in the third quarter July, August, September, compared with the second quarter. And housing starts were up 6 percent from the same period last year. Analysts now says the market is coming down off the post-home buyer tax credit bottom that occurred in the first quarter of 2011, almost like withdrawal. David Brown, director of Metrostudy’s Dallas-Fort Worth office, says he continues to hear that sales are sneaking higher than for the same months of 2010.

Home builders closed sales of 3,805 new homes from July to September, and started construction on 3,839 homes.

Last week I told you about the “sweet spot” of pricing on new home sales up in Allen. Hillwood broke ground on the last phase of Twin Creeks; StarCreek and other Allen developers are breaking ground and moving dirt like crazy, I caught up with Hillwood’s president, Fred Balda, who told me it’s not surprising, in times like these, to see consumer home demand in the great master planned communities. It also helps that we have jobs in Texas, particularly tech jobs, drawing in buyers.

What drives the band for our Allen business is employment in the George Bush corridor,” says Balda. “We’ve hit a bit of a dip, but we are still positive. And you need new jobs to create buyers for these homes.”

Last year, says Balda, Hillwood, with 60 major residential master-planned communities across the continental U.S, Hawaii and Costa Rica, only started 300 new lots in Dallas Fort Worth. Tough year. This year, the company has doubled the number here. In the golden years of the boom peak, Hillwood was churning out 1500 lots a year in D/FW.

It’s not just jobs: another Allen draw, says Balda, is great schools, especially “one neat high school that is like a mini-college.” There’s great retail, shopping and restaurants. 

Twin Creeks is the tail end of a development started back in 1993; only 60 lots left to develop, then it’s a completed community adding to the heft of Allen. As a city, Allen saw 425 new home starts in the last 12 months. There are about 800 lots on the ground right now, or an 18 month supply. Equilibrium for this area is 24 months, says Balda, so Allen is actually below equilibrium.   

And Balda agrees: the sweet spot of home sales in this area is below one million. When I asked where the buyers are coming from, he said  20 to 25% are move up buyers coming from other parts of the market — moving away from the private schools, perhaps? — as well as relocations.

Texas is a good buy, f you have great credit,” says Balda. “At this price point housing here is still very competitive with interest rates so low.”

And the upscale dirt here is not too shabby when it comes to sales. The only gated area in Twin Creeks is exclusive Wimberley, where sales are also cooking. Wimberley’s lots are larger and pricier, with homes ranging from $1 million to $3 million: only 50 left to sell. Who’s buying? Upscale buyers — remember, there are plenty of them — businesspeople and professionals who love the hillier terrain and living near ponds and creeks.

I’m just glad to see the dirt flying.

Well, almost. Bluegreen Communities, a developer of premier, master-planned residential home communities, has launched a new program that pays real estate agents big buckeroos for referrals. Through the Realtor® Referral program, participating real estate agents who refer buyers to a Bluegreen Communities property earn a full six percent of the resulting sale.

Most of the time, the six percent commission is split between the buyer’s and seller’s agent. In this case, of course, Bluegreen is the “seller” so they are playing nice and giving it all to the agent.

Bluegreen, by the way, is the brains and brawn behind one of my favorite developments out in Gunter, Texas: the Bridges at Preston Crossing,  a 1580 acre former private horse farm (Cattle Barons was held here twice) that sports an 18 hole golf course, a clubhouse, pool, 24 acre fishing lake, greenbelts and forests.  What I particularly like about The Bridges is that there is also a GORGEOUS equestrian center, so kids can really live a healthy, clean, country life here while Dallas is less than an hour south.

To qualify, agents join the (free) program and receive email alerts on special pricing, new land releases, and other Bluegreen events. Unlike some development companies, Bluegreen allows agents to sell properties directly to retail customers without an on-site  agent. Land-buying customers tend to like this approach because they can select their own home builder and home styles.

Bluegreen is also hosting a sales sweepstakes for a 4-night resort vacation on the Realtor Referral Facebook page through May 31, 2011. To enter, all you have to do is go to Bluegreen’s Facebook page, ‚Äúlike‚Äù Realtor Referral, and enroll in the program.

Bluegreen Communities®, is a division of Bluegreen Corporation, which is on the New York Stock Exchange. For more than 40 years, Bluegreen has developed top-rated master-planned communities, including eight in Texas located near San Antonio, Austin, Houston and Dallas/Fort Worth.  Shooting for that balance of country living just out of the city, Bluegreen has sold over 55,000 homesites in 32 states and is an award-winning green developer.

Now, I’m waiting to see who the first agent will be to serve In N Out Burgers at an open house!