How Long Before New Neighborhoods are Built in South Texas?

Home builders have long development times, which makes them slow to react

The Eagle Ford housing market has driven investment in hotels, man-camps, RV parks, and to some extent apartments. The one thing missing is permanent homes. An article addressing the topic was published yesterday in the Chronicle. Read more at chron.com

Builders are largely risk averse and will take their time in moving into the more rural parts of South Texas. The boom and bust nature of the oil business combined with the long development times of neighborhoods has many apprehensive.

“If it’s going to take seven or eight years, you’re reluctant because you don’t know what’s going to happen with the play,” he said. “Not until people feel like there’s going to be economy stability will there be home building.”

I’ll say this. Money talks. As the 50,000 workers in the region begin building savings and preparing to buy homes, you can bet the builders will step in.

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R.T. Dukes

R.T. Dukes

Managing Editor at EagleFordShale.com
R.T. is the managing editor of EagleFordShale.com. In prior roles, he advised major oil companies on strategy, the macro business environment, and opportunity screening. 2503 Robinhood, Houston, TX, 77005, U.S.A. | Telephone: 832.429.4790

Comments

  1. Parke Patterson says:

    I’m developing a master planned community in Floresville. We have 50+ homes built and occupied, an existing beautiful golf course, 7 homes under construction, and we’re 20 minutes from the Intersection of Hwy 37 and 1604 on the south side of San Antonio.

    • Greg T. says:

      What is the name of your development? Were you acting in the capacity of home builder, developer, or both? I work for a national home builder and we’re beginning to explore south Texas as a possible market we would to penetrate.

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