Upscale Houston homebuilder unveils smaller options with lower price tag

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J. Patrick Homes, a Houston-based family homebuilder, will provide a new option for budget-conscious buyers by offering a scaled-down version of the homes it sells in planned communities in the Houston market.

Starting at the Jordan Ranch community in Fulshear, J. Patrick introduced six new floor plans designed for 55-foot-wide lots with Modern Prairie, Modern Farmhouse, and Contemporary styles. The homes, part of the builder’s Nuvo Vista home series with modern/urban style architecture, will range from approximately 2,100 to 3,400 square feet and start in the $400,000 range.

By comparison, the company typically builds homes from 3,500 to more than 6,000 square feet on 70-, 80-, and 90-foot lots, said Tim Drone, president of J. Patrick Homes. The starting price is around $600,000.

Smaller homes will have similar upscale features and finishes as more expensive homes, using materials such as stone, stucco, siding, and brick and metal roofs. Buyers are allowed to choose from a variety of material choices at no extra charge.

“We wanted shoppers, because they’re paying more for everything now, to try to get a sense of what they’re paying for,” Drone said. “We saw this need in the market.”

RELATED: Houston Home Prices Start 2022 With Double-Digit Gains

Rising material costs, which are passed on to the buyer, can add about $30,000 to the cost of a 3,400-square-foot home just for wood, Drone said.

Last year, nearly all of the more than 4,800 new home floor plans offered by builders on the Houston market saw price increases, according to housing information firm Zonda. The median price increased by 21.1% or $69,000 over the previous year.

J. Patrick, which is building in 10 communities in the Houston market, aims to gradually introduce the new plans to all of its communities as lots become available.

The company saw a 20% increase in sales volume in 2021 and expects a similar increase in 2022, Drone said. With supply chain disruptions impacting a home’s completion schedule, J. Patrick is not taking on more work than he can complete and is communicating with buyers as they go. the houses are progressing to make the process go smoothly.

“Our sales are up, and we could definitely sell more than we are selling,” Drone said. “We’re really managing our build pipeline now so we can actually build what we’re selling.”

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