Growth in Texas Not Slowing Down

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Posted on 15th March 2013 by Grand_Homes in Dallas Real Estate |Homebuyer Tips

Texas Business, Texas Economy, Texas Growth

The explosive growth across Dallas-Fort Worth-Arlington and much of Texas isn’t slowing down.

The DFW metropolitan area recorded the largest increase in the nation from July 1, 2011, to July 1, 2012, adding 131,879 people, according to U.S. Census Bureau estimates released today.

The 2 percent uptick pushed the Metroplex population to 6,700,991.

Since the April 1, 2010, census, DFW’s growth spurt is even more impressive: The population has increased by 4.3 percent, or 274,781 people. (more…)

Goldman Sachs Gives Housing Market “Attractive” Rating

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Posted on 9th August 2012 by Grand_Homes in Real Estate News

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U.S. homebuilders are an attractive investment as the housing market starts a “strong” recovery that may drive a surge in new-home sales, Goldman Sachs Group Inc. (GS) said in a report.

Housing has a “long list of positives,” including rising prices, job growth, supportive government policies and a decline in the so-called shadow inventory of homes, Goldman Sachs analysts Joshua Pollard and Anto Savarirajan wrote in a note to clients. They raised their rating on the homebuilding industry to attractive from neutral. (more…)

DFW Home Prices to Rise, Forecast Says

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Posted on 18th January 2012 by Grand_Homes in Dallas Real Estate |Real Estate News

Dallas Real Estate, Texas Business, Texas Economy, Texas Real Estate

Read how the out look for D-FW home prices is looking bright in 2012.

Analyst predicts 5.8% gain for 2012, the first increase since 2007

 
By Steve Brown, Real Estate Editor
The Dallas Morning News 

 

After almost five years of declines, the Dallas-Fort Worth home prices will edge up in 2012, according to a new forecast.

The D-FW area will be among the top 10 home price gainers this year, according to a report by California-based housing analyst Clear Capital.

Overall home prices in D-FW should rise 5.8 percent by the end of 2012, Clear Capital predicts. That is higher than the nationwide forecast of a 0.2 percent price gain. (more…)

Texas CEO Magazine Features Grand Homes’ CEO Stephen Brooks

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Posted on 28th November 2011 by Grand_Homes in Dallas Real Estate |Homebuyer Tips |Real Estate News

America's Best Builder, BUILDER Magazine, Business, dallas home builders, Grand Homes, grandhomes.com, Texas Business

In the November/December 2011 issue of Texas CEO Magazine, President and CEO of Grand Homes, Stephen Brooks, made the cover story with his interview on why and how he reinvented Grand Homes.  From thriving as a young company experiencing rapid growth to facing downsizing and monetary cutbacks at the peak of a troubled housing market, the article takes you through the history of Grand Homes and why it was imperative for Stephen Brooks to make comprehensive changes if his company was going to remain competitive. 

“Grand Homes found itslef in a place many businesses never recover from  – low customer satisfaction ratings, dated products and an organization with no reason to change. ” But it did.

In the article Mr. Brooks shares some of what he has learned from being in the home building industry for almost 25 years, and talks about how he was motivated by another influential CEO, Gary Kelly of Southwest Airlines, to reanalyze his relationship with his most important asset, his customers. 

Through hard work and even harder decisions Mr. Brooks was able to create a culture and a business model around customer satisfaction.  “We redefined our business through our service performance.” And it didn’t come without reward.  Grand Homes has experienced 94 consecutive quarters of profit, and was recognized as “Americas Best Builder” for 2011 by Builder Magazine.

You can access the complete article here on Texas CEO Magazine’s website.

 

 

Mortgage Rates Lowest in Decades

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Posted on 16th September 2011 by Grand_Homes in Dallas Real Estate |Homebuyer Tips |Homeowner Tips |Real Estate News

Dallas New Homes, Dallas Real Estate, Grand Homes Dallas, Texas Business, Texas Economy, Texas Real Estate

Right now mortgage rates are lower than they have been in over 6 decades.  This week the average rate on a 30-year fixed mortgage was reduced to 4.12%, and 15-year to 3.33%.  (more…)

The Lone Economic Star – Why Texas Continues to Thrive

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Posted on 27th July 2010 by Grand Homes in Dallas Real Estate |Real Estate News

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On the 80-mile drive from San Antonio to the Texas capitol in Austin, it’s difficult to miss the signs of growth. At every highway exit, it seems, huge new shopping malls greet motorists. Valleys where cattle grazed five years ago now sport shiny new Target stores, tract homes, and tennis courts. Between 2000 and 2009, Texas added about 4 million residents, more than half of them migrants from elsewhere in the nation. And Texas will almost certainly emerge from the recession with the nation’s strongest and most important economy.

In May alone, Texas, America’s second most populous state, added over 75,000 jobs—more than California (the biggest), New York (third biggest), and Florida (fourth biggest) combined. Texas has shown consistent gains in 10 of the 11 categories of private employment that the Bureau of Labor Statistics measures.

The state is far more than cowboys and oil: It has several of the nation’s leading medical research centers (Baylor and UT hospitals among them), one of the biggest computer makers (Dell), and a financial industry that never took a turn for the worse. And, even though unemployment remains a tick over 8 percent (about a point and a half lower than the national average), the rapid growth is bringing this down quickly. During the last week in June, the job-hunt website Monster.com offered more new job openings in Texas than in California even though the Golden State has over 10 million more people. In a nation looking for economic good news, Texas stands out as a bright spot.

What are the real secrets to Texas economic growth and attracting new residents? High oil prices, Lack of state income tax, nice weather and business-friendly environment all play an active roll but the real secret lies in Texas’ limited but activist government and affordable homeownership.
– Spending on public schools, improved the universities, and funneling dollars to efforts to make Texas a medical research hub
– Spending hasn’t increased faster than population growth and inflation.
– Expanding Transportation infrastructure; every major Texas metropolitan area has built new roads or greatly expanded existing ones.
– because of its prodigious road building, put more areas within easy commuting distance of its job centers.
– Remaining affordable homes; as a result, it was possible to build homes in Texas without resorting to subprime loans that damaged the rest of the economy.
– Inland location offers major metropolitian areas room for growth
– Public and private investments in the arts, parks, and universities have brought Texas a large affluent professional class.

In short, a state known for size and excess has succeeded because of public policies that avoided excesses of big government overspending, poorly conceived private lending, and business-government land planning. In this way, Texas offers important lessons for other states looking to claw their way out of the recession.

By Eli Lehrer. See the full article from The Weekly Standard here.

CNBC’s Top States For Business 2010—And The Winner Is…

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Posted on 16th July 2010 by Grand Homes in Dallas Real Estate |Real Estate News

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They say everything in Texas is big, and that sure goes for its stature in business. With the biggest point total in the history of our study, Texas posts a big victory as America’s Top State for Business 2010.

Texas By The Numbers

Texas powers past the tough times on the strength of its economy—top-ranked in our Economy category four years in a row. The Texas economy is the 15th largest in the world, according to government figures; larger, for example, than all the Scandinavian nations combined.

The Lone Star State is home to 64 Fortune 500 companies, more than any other state, in a wide variety of industries. So while the state’s last win in 2008 came with oil at a record $145 a barrel—a natural tailwind for the largest industry in Texas—the state managed to do even better this year despite the fact that oil is trading at roughly half that price.

Texas has also managed to avoid the worst of the real estate crisis, according to reporter Ashanti Blaize of KXAS-TV. “While in other major cities we’ve seen condo high-rise projects either slowed or come to a screeching halt, in Dallas we’ve seen an influx of some of those projects,” says Blake.

America’s Top States for Business – A CNBC Special Report
See full article from CNBC here.

McKinney ranks 5th in Best Places to Live in America!

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Posted on 15th July 2010 by Grand Homes in Dallas Real Estate |Real Estate News

Business, CNBC, Grand Homes, grandhomes.com, McKinney new homes, McKinney Texas, Texas Business

Congratulations to McKinney TX for ranking 5th in the Best Places to Live in America by CNNMoney! Also coming in at No. 16 is McKinney’s neighbor, Allen TX! Watch the clip of McKinney featured on the Today Show.

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