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3,400-home Painted Tree development in McKinney weathering tougher housing market - Dallas Business Journal

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“Texas weathers storms better than a lot of the other parts of the country.”

in October 2020, the North Texas housing market was red hot and interest rates were at historic lows.

Woliver said supply chain problems earlier this year and the drought in the summer threw the development timetable a couple of months behind what Oxland originally planned. "We've sold north of 20 home sites already even in this time of economic uncertainty and without much of the amenity package that is really going to come later in future phases,” he said. “It's a nice start.”

The community has more than 4,000 leads on its interest list and is benefiting from its position in a prime suburban infill location, Woliver said.

 

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3,400-home Painted Tree development in McKinney weathering tougher housing market - Dallas Business JournalHere’s how Painted Tree in McKinney, one of the largest and most closely watched infill housing communities underway in North Texas, is adjusting to a changing market.
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