Friday, April 19, 2013

Land rush for North Texas home lots sends prices sky high

When Dallas-based homebuilder Sandy Golgart bought home lots in Normandy Estates in West Plano six years ago, she joined about 10 other builders in the 75-acre community.
Then the recession hit. Luxury homebuilders dropped like flies.
Golgart’s company, Plano-based Bentley Premier Builders LLC, picked up the pieces in the development, purchasing abandoned acreage on the cheap. The community’s initial builder, Hawkins-Welwood Homes, threw in the towel in 2011, and Bentley ended up with the more than 140 developable home sites remaining.
Now, Bentley’s claim off the Dallas North Tollway may pay off.
In North Texas, low housing inventory and high ...

The whole article at