Commercial – CENTURY 21 Realty Partners

Houston New Home Permits Up 44% To Keep Up With Demand

By Realty Partners|2017-03-13T15:54:53-05:00April 25th, 2013|News|

If you’re looking to buy in the Houston area, expect more and more showings to look like this. House Under Construction by Charles Rondeau As reported by the Houston Business Journal, new residential construction permits in Houston are up 44% since March 2012. These figures were compiled in a report by the Greater Houston Partnership. The city issued a total of $187.3 million worth of permits just for March, compared to $130.2 million for the same month last year.

This comes as no surprise since we have had very tight inventory in nearly every Houston area market. With Houston’s economy running wide open, and continued rise as a global city, the demand for more homes and workplaces will only increase. We have witnessed multiple bid scenarios with several of our listings and we expect supply to further tighten before it increases again.

Where have you seen new construction going up? Have you seen multiple offers on a home? Please tell us in the comments!

Live in Montgomery County? Expect More Orange Construction Barrels.

By Realty Partners|2017-03-13T15:54:53-05:00February 26th, 2013|News|

FM 1097 is about to get a little bit bigger.

According to the Montgomery County Courier, FM 1097 in Willis has been approved to be widened by TxDOT. The estimated $3.2 million dollar project will widen the road between I-45 and Texas Highway 75, significantly improving access and safety. Engineers expect the project to be completed in 18 months after construction starts and will add a much needed turning lane to ease traffic. With rapid growth within the Houston Metro Area, and Montgomery County in particular, many roads and intersections are already operating at or over capacity. One of Montgomery County’s most congested intersections may soon be much better.

Further south on I-45 at State Highway 242 near The Woodlands and Shenandoah, plans have been approved for a $33.9 million dollar project to build flyovers allowing traffic to bypass the traffic lights at the feeder street. This in addition to the dozens of road construction projects throughout Montgomery County in the last decade including the widening of I-45 to at least 3 lanes all the way through the county.

Why all this construction? More residents and businesses are relocating to the area. The Houston Area led the nation in Gross Metropolitan Product growth (the total value of all goods and services […]