Taylor Morrison’s new Dallas-Fort Worth division has just started on its first two model homes in Williowcreek at Auburn Hills in McKinney, Texas, which when complete will contain 147 single-family comes. The company plans to invest $50 million in the Dallas-Fort Worth market within the next three years, and has already acquired 416 more home lots in The Colony.According to Dennis Ouellette, vice president of operations for Taylor Morrison in Dallas, DFW is one of the strongest single-family markets in the country.
"All the projections that we look at says the growth will continue for a long time," Ouellette told [Candace Carlisle at the Dallas Business Journal]. "We certainly wanted to be a part of the market and the wonderful growth the region is experiencing."Over the last five years, home prices in the Dallas-Fort Work market have risen 43.5%. According to Ted Wilson of Residential Strategies, these rising prices are due in part to high land costs.