Industry News

The Southside has been the proud home of San Antonians for generations, and it’s also been in the midst of a renaissance over the past several years. Extensive new retail and restaurants at City Base Commons in Brooks City Base are among the newest additions to this bustling area within the fastest-growing city in the nation. South San Antonio is also the site of popular SouthStar Communities masterplanned community Mission del Lago—another reason all eyes are on this dynamic side of town.

Original Source : Bill Hethcock, Dallas Business Journal

A record number of companies are leaving California for states with a better business climate, and a new report shows that Texas remains their No. 1 destination.

The study estimates that 1,800 relocation or "disinvestment events" occurred in 2016, the most recent year available, setting a record yearly high going back to 2008. About 13,000 companies left the state during that nine-year period.

Continuing the strong sales pace that has made each community the fastest-growing offering in its area, developer SouthStar Communities saw two of its communities in the top 10 best-selling communities in the San Antonio MSA for the third quarter, according to Metrostudy’s San Antonio 3Q18 Housing Report. Vintage Oaks, a 3,900-acre masterplanned community in New Braunfels, was No. 3 on the list and Mission del Lago in South San Antonio was No. 10.

Chalk up another impressive accolade for the Texas economy. The state has just been named CNBC's Top State for Business in America for 2018. “Riding the rising tide of energy prices — and the job growth that goes with it — Texas lands the top spot in CNBC's 2018 America’s Top States for Business rankings,” they said. The distinction “is familiar territory for the Lone Star State, which becomes the first four-time winner in our annual study, now in its 12th year.”

SouthStar Communities is proud to be the developer of several leading Texas masterplanned communities led by Vintage Oaks, the fastest-growing community in the Texas Hill Country for five consecutive years, and now has something new to be proud of. The developer was recognized with seven top honors, including the Grand Developer Award, at the 2018 Summit Awards last weekend at the Omni Hotel at the Colonnade. Established in 1985 by the Sales and Marketing Council of the Greater San Antonio Builders Association, the event recognizes builders and associates in the region “who have achieved excellence in the home building industry each year.”

If it seems like Texas dominates every time a new “Best of” list comes out, it’s because it does. Texas occupies 20 spots on U.S. News and World Report's new list of the 125 Best places to live in America. “Austin ranks No. 1 for the second year running, and San Antonio clocks in at number 14 on the list,” said KSAT. The two cities are not only some of the best places to live in Texas, but across the country.

SouthStar Communities is proud to announce that Vintage Oaks, it's flagship community in New Braunfels, is the fastest-growing community in the Texas Hill Country for the fifth consecutive year. The 3,300-acre Vintage Oaks masterplan is the fifth-most active and successful community in San Antonio, with an annualized 180 home starts in 2017, marking its best year by far.

It has been a decade since the real estate crash and while it took a few years to start bouncing back across the country, Realtor.com reports that “the boom times are back.” But, before anyone starts to worry about the “what goes up must come down” principle, the real estate authority offers that conditions are “way different” now, especially when it comes to Texas real estate.

The New Braunfels real estate market continues its hot streak, with median home prices, active listings, and closed sales all up and the average days on market down. The median price rose in September to $222,750, an 8.7% increase over last year, and active listings were up 22% over the same month last year. The overall market mirrors what is happening at SouthStar Communities’ two New Braunfels communities, Vintage Oaks and The Crossings, each of which are seeing a quick sales pace.

Those who watched the Houston Texans’ first home game of the season or caught the highlights on the news saw JJ Watt burst onto the field carrying the Texas flag, to the raucous cheers of more than 71,000 fans. Watt became a national hero in the wake of Hurricane Harvey, spearheading a charity spree for those who were impacted by Hurricane Harvey. What was intended to be $100,000 in matched funds is now more than $31 million raised thanks to all those Watt was able to inspire. SouthStar Communities is among them, having donated $10,000 to the JJ Watts Houston Flood Relief Fund, it was announced by SouthStar Chief Operating Officer (COO) Thad Rutherford.