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    Real Estate Rumblings

    New Houston area master-planned community to boast crazy amenities: An over-the-top Las Vegas dream?

    Barbara Kuntz
    Barbara Kuntz
    Nov 27, 2014 | 10:31 am

    Amenities at a newly revealed Cane Island 1,000-acre master-planned community in Katy off Interstate 10 at the under-construction Cane Island Interchange go far beyond the usual.

    Perhaps that's why Rise Communities LLC, originally a Las Vegas-based developer now moving offices to Katy, chose this slogan for the local venture: "Everything you want . . . and nothing you expect."

    Rise Communities broke ground on Cane Island on Nov. 19 with seven home builders ready to construct 2,000 traditional, patio and custom homes priced from $200,000 to $750,000-plus. The company is boasting location, location, location for the community, such as 30 minutes from downtown and 15 minutes to the Energy Corridor District and boundaries within the Katy ISD.

    An interactive map on the Cane Island website shows the master layout between Bartlett and Franz roads with many grand entry features such as fountains, ponds and even colorful "living archways" spanning the streets leading to the property to create a "sense of arrival."

    More in store for Cane Island homeowners include the Amenity Village with amphitheater, 1,500-square-foot conservatory modeled after the Bellagio Conservatory in Las Vegas and the Ambassador's Suite, where Hub, "reared from a long line of prominent diplomatic pooches," is to extend invitations to select guests and dignitaries to his private luxury cottage. The concept is based on the dog ambassador welcome program at the Fairmont Hotel in Boston.

    Of course, residents will find other amenities expected from master-planned communities, such as a welcome center, fitness center, yoga space, multipurpose space, outdoor cafe and pools. Cane Island is expected to open in mid-2015.

    Pre-grand opening incentives are available by signing up on the website. A mobile amenity center is to be located onsite beginning 10 a.m.-5 p.m. this Saturday and noon-5 p.m. this Sunday and the same times on following weekends.

    The entrance to the proposed Cane Island.

    Cane Island in Katy renderings November 2014 entrance with sign
    CaneIsland.com
    The entrance to the proposed Cane Island.
    unspecified
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    Houston new home prices are falling while sales climb, report says

    Amber Heckler
    Jun 25, 2026 | 4:00 pm
    New housing
    Photo by André François McKenzie on Unsplash
    Houston's housing market is showing good signs ahead of summer, according to the report.

    A new HomesUSA.com report tracking the sales of new homes in the Houston metro has revealed a promising increase in May's new home sales, and improving prices are allowing new homes to sell at a slightly faster rate than in April.

    The New Home Sales Report tracks three-month moving averages across Houston's housing market and also tracks real estate data in Dallas-Fort Worth, Houston, and San Antonio.

    New home sales in Houston rose to 2,169 closed transactions in May, up from 1,958 in April, and they sold for near asking price with the average sales-to-list price ratio at 95.34 percent. The average price for a new home in the Houston area fell to $398,646 last month, a $4,355 decrease from April, the report found.

    Current new home prices are still over $5,000 more expensive than they were this time last year, but the month-to-month downward trend could help ease prices further into the summer.

    The average days on market — meaning the average time it takes to sell a new home — also showed a slight improvement month-over-month, at 108.90 days, down from 110.70 days in April.

    New homes in the city are taking longer to sell now than they were a year ago, when the days on market was 96.26 days in May 2025. However, the report adds clarification that new homes typically spend more time on the market than existing homes because many are listed for sale while still under construction.

    HomesUSA.com CEO Ben Caballero predicted May's new home sales could be "the highest for the year if interest rates remain at the current level or higher."

    "May brought another encouraging increase in Houston new home sales, but the market is about where it was a year ago," he said. "Houston builders are seeing homes sell a little faster than they did in April, which is good news. But higher inventory, stubborn mortgage rates and mixed year-over-year comparisons show this spring market still requires patience, pricing discipline and close attention to buyer demand."

    Houston nearly leads the nation with the second-highest rate of new home construction in 2026.

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