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Old 01-09-2012, 02:01 PM
 
Location: Forney Texas
2,119 posts, read 5,486,895 times
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Quote:
Originally Posted by bypassus View Post
Now, why there are no so many new builds in Plano, I believe there are enough lands here. I do not see many builders here, there are still strong market requests in Plano, why builders moved to Frisco or other places. City of Plano does not approve lands for new resident builds? or any other reason?
Because Plano is almost entirely built out. There is very little space to build a new home unless you knock down an old one.
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Old 01-09-2012, 02:03 PM
 
Location: Texas
42,204 posts, read 49,740,662 times
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Quote:
Originally Posted by bypassus View Post
Now, why there are no so many new builds in Plano, I believe there are enough lands here. I do not see many builders here, there are still strong market requests in Plano, why builders moved to Frisco or other places. City of Plano does not approve lands for new resident builds? or any other reason?
Plano is pretty much built out.
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Old 01-09-2012, 02:45 PM
 
Location: Dallas, TX
2,346 posts, read 5,791,659 times
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Quote:
Originally Posted by stan4 View Post
Plano is pretty much built out.
Not completely. There are still some spots here and there. For example, Toll Brothers is rolling out a new development at Custer/Park this year, as well as their own phase of Avignon Windhaven.

There's enough land for, oh, another 10-15 years at the building rate of the past few years, which is probably how the Zoning Commission wants it. You want to have at least the possibility of buying a new build in-town in order to attract new corporate HQs.

There could be quite a bit more activity then there is, except for....

Quote:
Originally Posted by Winter12 View Post
Land values are higher in Plano compared to Friso etc and many land owners aren't willing to sell. They know that it is gold so no rush.... New homes are few and fancy ...
Yep. The Plano market's tilted to selling completely loaded houses, rather than banged-out KB specials. Volume builders can't make enough on each house to justify the high land price and smaller scale of laying out a Plano development.

---

If any old-timers here remember the days of the Japanese auto import quotas, it's a similar thing. You young'uns might not believe it, but Honda and Toyota were once viewed as POS cars, similar to today's Kia. Once the quotas kicked in, they could no longer increase profits on volume, so they stopped selling the cheap cars and instead shipped fully-loaded higher-end models, to make more money on each car. (Going off-topic, but the unintended consequence was that Japanese cars became artifically rare and sought-after, and their reputation soared. )
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