FORT WORTH, Texas — This article was originally published by our content partners at the Dallas Business Journal. You can read the original article here.
Amid the population explosion in the Fort Worth area, which has made it the 12th largest city in the country, some of the nation's biggest homebuilders are hammering away at master-planned communities to meet the demand of buyers.
That includes Arlington-based D.R. Horton Inc. and Miami-based Lennar Corp. Both are highly active in and around Fort Worth. Both appear to be concentrating construction in the far northwest portion of the city and its suburbs, not far from the industrial and employment hub of AllianceTexas, where about 70,000 people work each day.
D.R. Horton and Lennar are both active on the Dallas side of the metro as well, but the biggest changes are coming to Tarrant and Denton counties, with once-sedate areas now being rapidly developed amid the continued boom of the Metroplex.
Here's where the giant builders are putting up the most homes in the Fort Worth area, according to research by Dallas-based home market research and consulting firm Residential Strategies Inc. The list is not a comprehensive account of everywhere the builders are active but it provides a good picture of their overall strategies.
Where D.R. Horton is building the most homes in and around Fort Worth
D.R. Horton (NYSE: DHI) started construction on 2,662 Fort Worth-area homes and closed 2,894 between the second quarter of 2023 and second quarter of 2024, according to the Residential Strategies analysis. The largest homebuilder in the country by volume, it has closed on 1.1 million homes across the country, according to its website.
Its five most active neighborhoods in this part of North Texas were:
- Express Watersbend: D.R. Horton started 231 and closed 302 homes. The community is north of Fort Worth, near Eagle Mountain Lake and east of Lennar's Northpointe development. Prices start at $325,990, according to the company's website. Amenities include a pool.
- Bailey Park: Located in Saginaw, north of Fort Worth, D.R. Horton started 196 homes and closed 212 homes. Prices start at $345,990. The national homebuilder plans to build about 450 homes on the site. Amenities include a pool, playground and walking trails
- Northstar: Located in Haslet, northwest of Fort Worth, D.R. Horton started 160 and closed 123 homes. Prices start at $369,990 and homes average 1,659 square feet. Amenities include a park and pool.
- Rosewood at Beltmill: Located in northwest Fort Worth, D.R. Horton started 143 and closed 188 homes. Prices start at $319,990 and the homes clock in at 1,447 square feet on average. Amenities include a playground, ponds and upcoming pool.
- Trails of Elizabeth Creek: Located 3.6 miles from Texas Motor Speedway in far north Fort Worth, D.R. Horton started 136 and closed 149 homes. Prices start at $388,990 and the homes average 1,659 square feet. Amenities include a club house, pool, splash pad and lazy river.
Where Lennar is building the most homes in and around Fort Worth
Lennar started building 1,242 homes in Fort Worth from the second quarter of 2023 to the second quarter of this year, according to analysis from Residential Strategies. The company closed 1,350 homes in the same timeframe.
The company builds homes in 26 states across the country. Last year, the company reported delivering 73,087 homes nationwide.
Here are the top five neighborhoods where Lennar is building in and around Fort Worth, according to a survey by Residential Strategies.
- Northpointe: Lennar is planning an expansion of Northpointe in the northwest portion of Fort Worth, with around 1,000 more homes in the cards. It started 272 and closed 447 homes in the master-planned community from Q2 2023 to Q2 2024. Lennar lists a price range of $286,999-$525,999 on its website between five collections. Amenities include a playground, picnic area and pool.
- Rancho Canyon: Lennar started 180 homes and closed 107 homes. The neighborhood is in the Sendera Ranch area, where land owned by the company could be turned into a grocery store and retail center. Homes range from $284,999 to $340,999, according to its website. Amenities include a basketball court, playground and pool.
- Shale Creek: Located near Justin, north of Fort Worth, Lennar started 173 and closed 141 homes. Prices range from $284,999 to $340,999. Amenities include a greenbelt trail, pool and playground.
- South Oak Grove: Located in southeast Fort Worth, Lennar started 149 and closed 61. Prices range from $252,999 to $281,999. Amenities include a greenbelt trail throughout the community.
- Azle Grove: Located in the city of Azle, northwest of Fort Worth near Eagle Mountain Lake. Lennar started 90 homes and closed 85. Prices range from $321,999 to $372,999.
