Spring - Klein Edition | October 2023

Transportation

Real estate

BY DANICA LLOYD & HANNAH NORTON

State approves $14.2B for future Houston-area road projects Texas State Highway Fund, the Texas Mobility Fund, tax revenue and federal sources, accord- ing to TxDOT Media Relations Director Adam Hammons. 2024 UTP Houston-area projects include:

Number of homes sold

September 2022

September 2023

Residential market data

18 8 29 21 36 35 99 74

62 41 63 31

-55.6%

-33.9%

77068

77388

Across all Spring-area ZIP codes fewer homes sold in September than did in September 2022. Meanwhile, the median home sales price decreased across three Spring-area ZIP codes.

The state of Texas will invest $142 billion in transportation projects focused on safety improve- ments, congestion, connectivity and road preser- vation over the next 10 years. “This plan will not only connect Texans from every corner of our state; it will also bolster our economic growth and ensure Texans and busi- nesses continue to thrive for generations to come,” Gov. Greg Abbott said in an Aug. 17 news release. The overview The Texas Department of Transportation’s 10-year plan, known as the Uni ed Transporta- tion Program, is updated annually and includes funding for initiatives across the state. The Texas Transportation Commission unan- imously approved $100 billion for the 2024 UTP during its Aug. 16 meeting—a $15 billion increase over the $85 billion 2023 UTP. The other $42 billion, which will fund develop- ment and routine maintenance, comes from the

-27.6%

-50.8%

77069

77389

-2.8%

77070

“This plan will help the lives of all Texans for years to come as we work to move people and goods safely and eciently in our rural, urban and metropolitan areas,” TxDOT Executive Director Marc Williams said in the release. “TxDOT is already putting these resources to work with a record number of projects aimed at improving safety and saving lives on our roadways.” The 2024 UTP includes $14.2 billion in projects for the Houston region. By the numbers The Texas A&M Transportation Institute reported over the next 10 years, the 2024 UTP will: • Create 70,500 new jobs • Add $18.8 billion to the state economy annually

• $4.42B for the North Houston Highway Improvement Plan, which will improve I-45 from Beltway 8 to I-10 W. and reroute I-45 through Houston along I-10 and Hwy. 59 • $1.14B for the I-10 W. Inner Katy project to add four nontolled managed lanes between downtown Houston and Loop 610 in Houston • $730.6M to add two managed lanes and two general-purpose lanes, and extend frontage roads for the I-10 W. project from FM 359 to Mason Road • $555M for the I-10 bridge replacement at the San Jacinto River • $343.5M for a new location roadway on Hwy. 35 from I-45 to Dixie Drive • $150M to improve trafic and safety along Hwy. 105 from the Grimes County to the San Jacinto and Liberty County lines

99 TOLL

-25.3%

77379

249

1960

Median home sales price

2022

2023

2022

2023

77068

77388

-5.1%

-9.7%

$306,500

$290,000

$323,000

$321,000

77070 77379

77068 77069 77389 77388

77069

77389

-10.7%

+5.7%

$375,000

$465,000

$420,000

$440,000

MARKET DATA PROVIDED BY JENNY HILL, A REALTOR WITH COLDWELL BANKER REALTY • 18425 CHAMPION

77070

$317,500

FOREST DRIVE, SPRING • 7138050947 HTTPS:JENNYHILL.CBINTOUCH.COM

SOURCE: TEXAS DEPARTMENT OF TRANSPORTATIONCOMMUNITY IMPACT

77379

+4%

$390,000

$375,000

SPRING STUEBNER 6603 Spring Stuebner Rd (281) 288-0239

NORTH LOUETTA 1614 Louetta (281) 350-1198 KUYKENDAHL 13313 Kuykendahl (281) 873-5220

LOUETTA 7314 Louetta (281) 370-1986

WILLOWBROOK 6927 FM 1960 W (281) 580-1734