With several billion-dollar developments underway in North Texas, Hillwood Communities President Fred Balda knows a bit about the region's housing market — and he's starting to see would-be homeowners hitting a price ceiling.
The Dallas-based residential development firm has delivered the initial phase of the $350 million, 250-acre Bluewood master-planned community in Celina and is gearing up to start the $1.5 billion Pecan Square master-planned community, which is planned for 3,200 homes by this May.
“We are in a very robust market,” Balda told the Dallas Business Journal. “In the last five years, we have bought a lot of land in North Texas, and our job right now is to deliver as many lots as we can as this market continues to be robust.”
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