D.R. Horton, Beazer, M/I Homes, and Pulte in Cottonwood community

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Today's newsletter is 609 words — a 3-minute read.

1. US Treasury to expand security reviews for land deals near military bases

The U.S. Treasury Department wants to give the Committee on Foreign Investment more power to check real estate deals by foreign buyers near military bases.

Under a law passed by Congress in 2018, CFIUS can review real estate deals near certain military bases and take action if needed. LINK

2. Move Inc. sues CoStar, claiming stolen information

Move Inc., the parent company of Realtor.com, is suing CoStar Group over alleged trade secret theft. The lawsuit claims that a former Realtor.com employee, illegally accessed confidential information and shared it with his new employer, Homes.com, a CoStar subsidiary.

Move Inc. says the employee looked at confidential documents, like future story ideas and user data, to help Homes.com in their market push.

CoStar denies the claims and says the lawsuit is just a publicity stunt. This legal fight comes after CoStar spent $1 billion on marketing Homes.com to increase traffic and compete with Zillow.

3. Catch up quick

🏠 Texas Rangers history inspires the design of the first luxury apartments in the Arlington Entertainment District. (WFAA)

🚀 Montgomery County approves first Tax Reinvestment Zone for major 2,000-acre Kresston development near Magnolia. (Hoodline)

💵 Dallas ‘White House’ hits the market for eye-popping $40 million. (MSN)

📈 North Texas town sees major impacts of population growth. (WFAA)

🏗️ Ledgestone Group to develop The Ander condo project in North Austin. (TRERC)

4. D.R. Horton, Beazer, M/I Homes, and Pulte are among builders in Cottonwood community

A new housing community called Cottonwood is being planned near Dorchester, Texas. Centurion American Development Group is leading the project, which will include 2,156 homes spread across 678 acres.

Four major homebuilders—Beazer Homes USA, D.R. Horton Inc., M/I Homes, and PulteGroup—are involved in the first three phases, with the first lots expected ready by April 2026.

Cottonwood will feature two amenity centers, parks, trails, and land for two schools.

5. InstaBuilt announces U.S. launch with first homes in Austin’s Whisper Valley

Kosovo-based InstaBuilt LLC will build its first U.S. homes in East Austin's Whisper Valley and set up its North American headquarters there. The homes, which take advantage of geothermal and solar energy in the area, are pre-made off-site and assembled on-site in just 8 to 12 hours.

InstaBuilt plans to construct 28 Cherry Traditional homes (2,000 to 2,900 square feet, 3-4 bedrooms), 150 Cherry Millennials homes (665 to 1,307 square feet, 1-4 bedrooms), and a 100-unit multifamily project starting in 2026.

The homes, already for sale, range from $200,000 to $400,000, significantly lower than Austin's median home price of $459,450 in May.

6. Audit reveals major flaws in Houston Housing Authority's management

A recent audit has uncovered major problems at the Houston Housing Authority. These issues include poor bookkeeping and a lack of oversight of its federal voucher program, which helps about 19,000 low-income households with their rent.

The audit reveals ongoing problems dating back to 2019, with issues persisting despite the implementation of new software and controls. These continued difficulties have led to persistent mistrust among voucher holders and landlords.

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