Four of the nation's largest builders are launching sales at the new Briggs Ranch development of about 2,000 homes near San Antonio, one of Texas' top-performing housing markets.
David Weekley Homes, Highland Homes, Perry Homes and Toll Brothers, are building in the 228-home first phase, according to developers Johnson Land Ventures and Heartwood Development. Prices range from the $300,000s to the $550,000s.
The 800-acre community is just west of San Antonio, near U.S. Highway 90 and State Highway 211.
Like other major markets, San Antonio is dealing with a slowing national and global economy, but the area's home prices have rebounded recently more than Austin's and Houston's, noted Danny Khalil, associate director of market analytics for Homes.com.
San Antonio and San Francisco are the only two markets nationally that had fewer available homes in September of this year compared to September 2024, Homes.com data shows. San Antonio's job growth is up 1.9% on the year, better than the rest of the state's "Big Four" group of markets that also includes Austin, Dallas-Fort Worth and Houston, said Khalil, citing U.S. Bureau of Labor Statistics figures.
What's more, workers in San Antonio are earning about 7.5% more this year than they were last year, a higher growth rate than the other three major metropolitan areas in the Lone Star State, according to Khalil.
The San Antonio market "has typically enjoyed fairly consistent demand for affordable housing during both economic booms and busts," he said. "Over the past year, this has supported transaction activity as buyers appear more willing to buy a house here relative to other markets around the country."
The first model homes at Briggs Ranch are due for completion by year-end, with a grand opening expected in the spring, according to Michael Cox, president of Johnson Land Ventures.
It's still unclear whether the project will bring on additional builders, the company said.
The development will include a pool and playground and is near The Golf Club of Texas, another appeal for prospective homebuyers, noted Heartwood partner Paul Powell.