Lakes in Fannin County, Texas
Fannin County Proposed Lakes
Lake Ralph Hall Proposed Lake Ralph Hall will provide approximately 30 million gallons of water per day (mgd), plus about 15 mgd of reuse for the Upper Trinity service area, the City of Ladonia and Fannin County.
Bonham State Park has a lovely 65 acre lake set in the midst of a beautifully wooded 261 acre park with camping, picnicking, fishing, boating, hiking, mountain bike trails, and group barracks. Bonham State Park opened in 1936 has a long history of recreation and service for Fannin County residents and visitors alike. Bonham State Park was built by the Civilian Conservation Corps, in the early 1930’s, and the original stonework buildings, built by the CCC, is still in use and adds historical interest to the natural beauty of the park.
Fees: Golf,Pavilion, Rental Info, etc
Contact: 903-583-8001 or 903-583-7555
Contact:United StatesForest Service 903-378-2103.
Contact: National Forest Service at 903-378-2103
Fees: Primitive camping is available. $10.00 per night per tent
Additional Links: Lake Fannin Bike Trail Map, Lake Fannin Map
DALLAS – Stonelake Capital Partners is building the second apartment community in Trinity Green and have filed plans for a third.
Developers have already built a 355-unit apartment project and single-family homes in the 25-acre mixed-use community on Singleton Blvd. near Sylvan Ave.
Construction is underway on a 324-unit apartment block on the west side of Obenchain St.
Plans for a third community call for a five-story building totaling 278 units along Singleton Blvd.
Construction started in 2015 on Trinity Green, which will include five multifamily phases with 1,500 units.
WASHINGTON – National builder confidence in the new single-family home market fell two points to 68 in June on the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
The decline was due in large part to rising lumber prices, although sentiment remains on solid footing.
“Builders are optimistic about housing market conditions as consumer demand continues to grow," said NAHB Chairman Randy Noel. “However, builders are increasingly concerned that tariffs placed on Canadian lumber and other imported products are hurting housing affordability. Record-high lumber prices have added nearly $9,000 to the price of a new single-family home since January 2017."
All three HMI indexes inched down a single point in June. The index measuring current sales conditions fell to 75. The one gauging expectations in the next six months dropped to 76, and the metric measuring buyer traffic fell to 50.
Regionally, the South's HMI fell one point to 71.
For details on Texas new home affordability, read "Home Delivery: Where is All the New Housing?" a Tierra Grande digital first by Center Research Economist Dr. Luis Torres and Research Associate Wesley Miller.
SWEENY – Phillips 66 is expanding its fracking and storage hub by 300,000 barrels per day (BPD).
The project includes the construction of two 150,000-BPD natural gas liquids (NGL) fractionators, additional NGL storage capacity, and associated pipeline infrastructure.
The hub currently has 100,000 BPD of fractionation capacity, 200,000 BPD of liquefied petroleum gas export capability, and access to nine million barrels of gross NGL storage capacity.
The $1.5 billion project will be operational in late 2020.
COLLEGE STATION – Real Estate Center researchers offered Texas-specific perspectives on a national housing report released today by Harvard University.
“Immigrant households will play a larger role in growing housing demand in Texas," writes Senior Data Analyst Josh Roberson in a new blog post.
“Texas is one of only a few larger states benefitting from positive net migration, which means more people are moving in than out. While much of this migration comes from households moving from other states, that source has tapered down while international households continue to provide steady growth."
Research Associate Wesley Miller says this mix of domestic and international migration makes Texas' population younger than the national average. That's both good and bad.
“This benefits the state's economic dynamism, but it also weighs on homeownership rates," Miller writes in his blog post. “The Lone Star State continually lags the nation by about 2 percent despite relative housing affordability."
The state's diverse population presents a similar challenge as racial and ethnic homeownership disparities persist, Miller said.
“For example, Texans of Hispanic descent represented 31 percent of total housing units, but only 28 percent of those units were owner-occupied in 2016," he said. “The gap is even larger for black homeownership and has widened since the Great Recession. These imbalances conflict national consumer surveys on renters, which suggest the desire to own a home transcends racial boundaries."
According to the 30th Annual State of the Nation's Housing Report released today by Harvard's Joint Center for Housing Studies, the share of cost-burdened renters is significantly higher. The report says almost half of all renters pay more than 30 percent of their income for housing.
Roberson says multifamily rent growth is cooling in Texas, largely because of falling demand for higher-priced units while lower-priced units remain steady.
“Like the single-family market in Texas, inventory of lower-priced units is becoming scarcer with much of the new construction pipeline focused on the higher-priced market," he said.
For more on Harvard's study, click here.
WASHINGTON – The United States Army Corps of Engineers (USACE) has approved $509 million in funding to pay for projects to mitigate flooding, improve harbors, and study the Texas coastline.
The funding includes $3.6 million for three projects in the Rio Grande Valley. These include a project in Harlingen to dredge the main channel and several other hot spots and turn basin for $2.4 million. An additional $1 million will fund pre-construction engineering and the design phase of the Brazos Island Harbor Channel Improvement Project to deepen the Brownsville Ship Channel. The remaining $250,000 will be used for a feasibility study of resaca projects in Brownsville.
USACE also approved funding for other projects around the state.