Demographers with the Texas-based Population and Survey Analysts are projecting more than 23,000 new single-family homes to open in Cy-Fair over the next 10 years. More than half of these new homes are opening in master-planned communities.
Bridgeland, Towne Lake, Westfield Village, Canyon Lakes West and Dunham Pointe are slated to claim about 10,500 of those 23,000 new homes. Around 17 percent of the 186 square miles that make up Cy-Fair is undeveloped, and most future development will be in the western region of Cy-Fair ISD’s boundaries, PASA President Pat Guseman said.
Several factors that make the Cy-Fair area desirable to homebuyers—such as mobility improvements and the school district—also make the area more appealing to developers looking to introduce higher-end homes, Guseman said.
Developers of Cy-Fair communities said they are doing what they can to keep up with demand for new homes across a variety of price points.
Sales are up about 34 percent year over year in Bridgeland, according to Heath Melton, vice president of master-planned communities with The Howard Hughes Corporation, which developed the community.
While the economic downturn caused by the fall in oil prices put pressure on some of the higher-priced homes in 2015 and 2016, Melton said things started looking up toward the end of last year.
Despite economic downturn, Melton said Trendmaker Homes has had success in the $500,000+ price range this year. Trendmaker’s houses start in the $300,000s in Cy-Fair communities Bridgeland, Hidden Arbor and Elyson.
Trendmaker Homes President Will Holder said the Cypress area is among the most active markets because buyers are attracted to the schools and the rural atmosphere.
“We’re generally looking for people that are professional or have a pretty good income,” Holder said. “But there [are] young couples out there that maybe both earn $75,000 [salary], and with $150,000, you can buy a lot of home.”
Cy-Fair will see 10,742 new homes built from 2017-21 and 12,263 new homes from 2021-26, according to estimates from PASA. Click on the master-planned communities in the map below for a more specific breakdown of where many of these new homes will be located.
See the full story in Community Impact Newspaper Cy-Fair
's July edition. All stories will be posted on www.communityimpact.com by the time the new issue hits mailboxes on July 20.