How long does it generally take to build a new house?
What we see is land acquisition and planning, and taking it to planning and zoning, and then city council staff is a yearlong process. From idea conception to developers and getting the lot is nine months and then another nine months to build, and both of those are pretty rapid.
Are there enough new houses on the market?
I don’t think there is enough new construction coming up, but I will tell you from a need perspective—and this is a blanket comment for Northeast Tarrant County—there is a need for smaller houses. Families want a simple lifestyle, and if you are a young family you are spending all your time at games; you want a nice house, but you don’t want to maintain even a half acre of dirt.
What is the future of development in the area?
What is left is infield pockets. You won’t have mega neighborhoods; you won’t see 120 lots coming up. About 80% of our work is in Grapevine.
Maykus Homes & Neighborhoods
604 E. Northwest Hwy., Ste. 102, Grapevine
817-308-1155
www.maykus.com
