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  • July residential construction spending cools to $859 billion

    July residential construction spending cools to $859 billion

    Private residential construction spending dipped again in July, marking the fourth consecutive month of decline. According to analysis of the U.S. Census Bureau’s latest construction spending data, the seasonally adjusted annual rate (SAAR) of spending was $859.0 billion in July.

    This is down 1.3% from the previous month’s estimate and down 7.3% year over year.

    Looking at each market, single-family construction spending decreased 3.2%. The National Association of Home Builders, in its analysis, noted that this aligns with the builder sentiment posted in August.

    Throughout 2026, builder confidence remained below the 50 index of neutral, as single-family spending reported a 6.5% year-over-year decline.

    While multi-family and renovation reported modest month-to-month results, both declined compared to 2025 results.

    “The index illustrates how spending on single-family construction has slowed since early 2024, reflecting the impacts of elevated interest rates and ongoing uncertainty over building material tariffs,” said NAHB Forecasting and Analysis economist Catherine Koh.

  • Cross Creek West expands with luxury offerings

    Cross Creek West expands with luxury offerings

    Cross Creek West, a 1,258-acre master-planned community in Fulshear, Texas, announced the start of its north phase of development.

    With this next stage, the community is introducing new builders, David Weekley Homes, Toll Brothers and Partners in Building, who will offer 65-, 70- and 80-foot-wide homesites.

    The developer expects to add 250 homesites by the end of the year and over 3,000 homes at total build-out.

    “With over 160 home sales this year, Cross Creek West has grown quickly, and this new phase will meet that demand,” said Sam Seligmann, Vice President and General Manager of Cross Creek West. “Earlier this year, we expanded our floor plan portfolio by introducing two of the five new builders, Coventry Homes and Ravenna Homes. With the newest addition of builders in our north tract being David Weekley Homes, Toll Brothers and Partners in Building.”

    Toll Brothers will deliver six floor plans with four distinct elevations per plan for 65-foot homesites.

    Partners in Building will offer the community’s new 80-foot homesites for custom homes.

    David Weekley Homes will introduce plans from its new Texas series for 65-foot homesites.

    Other builders in the community with new offerings include Highland Homes,  Newmark Homes, Ravenna Homes, Coventry Homes, Perry Homes and Westin Homes.

    Photo depicts Toll Brothers’ new offering in Cross Creek West

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  • David Weekley Homes introduces new executives

    David Weekley Homes introduces new executives

    David Weekley Homes announced two new additions to its C-suite. The company’s first-ever Chief Marketing Officer, Julian Duncan and Adam Zylman joined the team as Chief Financial Officer. 

    Both new hires are Rice University alumni with Houston roots. 

    “Adam and Julian bring tremendous experience that will be valuable as we continue to grow David Weekley Homes,” said Jay Brown, Chief Executive Officer of David Weekley Homes. “Adam’s experience investing in and building businesses will bring valuable perspective to our financial strategy. Julian’s experience building brands and connecting with customers will strengthen our marketing. They both put people and culture first, which makes them a great fit for Weekley.”

    Duncan brings to the company experience leading global brands, including the Houston Rockets, where he previously served as Chief Marketing and Strategy Officer.

    Zylman will take over as CFO as Heather Humphrey prepares to retire after a 33-year tenure with the builder. Zylman brings to the company two decades of financial planning leadership.

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  • San Diego home sales exceed last year’s

    San Diego home sales exceed last year’s

    According to new Redfin data, San Diego homes are selling faster than they did in 2025. The typical San Diego home has been in 32 days after being listed, eight days fewer than last year. Single-family homes are selling the fastest.

    “A desirable single-family home may draw competing offers, while a condo, townhouse or other attached property may sit longer because of higher HOA fees, insurance costs or upcoming assessments,” said Redfin principal agent Rebecca Roman Stevens.

    California is among the three states leading in home sales, specifically in the luxury home market.

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