RICHMOND – (Realty News Report) – Johnson Development has closed on a 630-acre parcel adjacent to its Harvest Green community, located near the Grand Parkway on the southwest side of the Houston area.
The additional acreage will provide lots for about 1,400 homes in Harvest Green, a master planned community dressed in an agricultural theme.
In the new acreage, homesites should be ready for builders by the second quarter of 2022, says Jerry Ulke, General Manager of Harvest Green.
Home building has been strong across the nation as low mortgage rates touched off a frenzy in home buying. The Millennial Generation is ready to buy houses. Zonda said 66 percent of the new Houston-area homes sold in 2020 were purchased by Millennials.
Home prices – for existing and new homes – have jumped sharply in most of the nation. The inventory of home for sale is exceptionally low. The National Association of Realtors issued a report this week saying an increase in home building is a crucial need for the country.
Lots, lumber and building materials are in short supply, said Houston housing analyst Lawrence Dean of Zonda. “We’re seeing builders run out of lots,” Dean said in a recent interview.
Houston builders had 36,700 single-family starts in 2020 and 34,500 closings. In 2021, Zonda is forecasting 33,500 to 36,500 starts in the Houston area.
Earlier this week, Land Tejas has acquired 646 acres of land in northwest Harris County for a new master-planned community called Cypress Green in Hockley off of FM 2920.
The new section of Harvest Green will feature a variety of home styles, with designs for properties ranging from 40 feet wide to 75 feet wide. Models are expected to open in the fall of 2022, with home sales beginning around that time. Builders and pricing have not been determined.
The new section also will offer additional community amenities, with parks, trails, green space and a pool planned. Residents will have access to existing Harvest Green amenities, including the Village Farm. Oyster Creek winds through the new property for approximately 1.7 miles, adding to its natural appeal.
Current Harvest Green builders include Coventry Homes, David Weekley Homes and Perry Homes. Pricing is from the $300,000s. Central to the Harvest Green lifestyle is the 12-acre Village Farm, which features fields of produce, an orchard, vineyard and pens for goats and chickens. Residents can join the Farm Club and have access to plots where they can grow their own produce under the guidance of professional farmers. A farmers market is held the third Saturday of each month.
Residents also enjoy the Farmhouse recreation complex, complete with a fitness center and resort-style pool, trails and a number of parks and playgrounds. Also located on-site is the Messina Hof Harvest Green Winery & Kitchen, 8920 Harlem Road.