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Building up Home construction in the Greater Magnolia area has accelerated within the last year, according to data provided by Metrostudy Houston, with an increasing number of homes starting construction each quarter. 300
291 homes began construction in the rst quarter of 2021 in ZIP code 77354, a 177% increase from the rst quarter of 2020.
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SOURCE: METROSTUDY HOUSTONCOMMUNITY IMPACT NEWSPAPER
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“[Developers] can’t keep enough lots on the ground,” Sneller said. “A lot of the builders are actually running out of inventory and actually have to slow down sales to kind of maintain a more level sales funnel.” Victoria Lewis, a real estate agent in the Magnolia area, said she has worked with prospective homebuyers who have put 10-11 oers on a home and not had an oer approved because of the increased demand and low supply. “Eight years ago, we could negotiate $50,000 o the sales price, and now people are oering almost $50,000 over,” Lewis said. While there is a large demand for single-family homes in Magnolia, some community leaders said a lack of housing options remains. Shirley Jensen, community relations direc- tor for Society of Samaritans, a Mag- nolia-based emergency assistance nonprot, said the residential devel- opment falls short in supplying more aordable housing. “Our people can’t aord a home,” Jensen said. “They can barely aord the apartments that are available in Magnolia right now.” While home prices have not been announced for some new communi- ties, home prices are anticipated in the low $200,000s for Creekside Court and up to $700,000 within parts of Audubon, Community Impact Newspa- per previously reported. Future infrastructure With construction started on more than 1,100 homes in the rst quarter of 2021 and more than 18,000 lots identied for future homes in Magno- lia, according to Metrostudy, the area
is just beginning to see its building boom, Dean said. With this growth comes infrastruc- ture challenges, Kana said. He said the city has been meeting with developers and adding water infrastructure, including increasing capacity for wastewater treatment and planning another water well. “We’re continuing to work with the city on planning for future utility infra- structure to try and provide a path for the city to continue to be the water and sewer supplier for Audubon,” Yager said. “It’s an ongoing, active conver- sation, which will require additional written agreements between the city and Audubon’s municipal utility dis- tricts that we’re hopeful will support the city’s needs [and] goals as well as Audubon’s.” Kana said the city is funding some of the projects by having developers prepay impact fees—fees assessed for part of the city’s water or waste- water capacity—allowing a developer to buy into the city’s systems. The city has also allowed multiple in-city MUDs, which puts the responsibility of installing water and sewer pipes on developers while also giving them an avenue to recoup costs, Kana said. “There’s a ne line in making sure we’re prepared and expanding but also not doing that on the backs of the small groups of existing [residents],” Kana said. “The country atmosphere as you see it may change, but I believe we will still be Magnolia.” Anna Lotz contributed to this report.
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