| The housing market in most of the country | | | | first project. We are in the process of developing |
| seems to be sluggish in recent months. With the | | | | design alternatives to address to address the |
| impact of increasing interest rates and the busting | | | | increasing traffic demand as well as safety issues |
| of some markets such states as California, New | | | | such as the FM 359/Holmes Road intersection. |
| York and Florida are seeing a slowing. The | | | | The date to begin construction of this section of |
| southwest portion if not the entire Houston | | | | FM 359 has not been set at this time, and it could |
| Texas area seems to be bucking that trend. | | | | be up to 10 years from now before it begins. |
| For the third and forth quarters of 2006 the Katy | | | | Katy Texas is seeing outstanding growth to the |
| area surrounding the west section of I-10 has | | | | recent construction on I-10 that will widen it to 13 |
| been the number one producing area. Sugar Land | | | | lanes. There has also been another freeway |
| is still strong at number 3. Both areas are in Fort | | | | connecting to the heart of Houston which is the |
| Bend County. | | | | Westpark Tollroad. This now enables people a |
| Sugar Land was recently reported as being the | | | | choice for the first time for traveling east to |
| number one market in Fort Bend County for the | | | | downtown Houston. |
| entire year of 2006. There are many changes | | | | Sugar Land was voted 3rd best place to live by |
| that are planned for all of Fort Bend County in | | | | Money Magazine and new construction is |
| 2007. | | | | continually happening. Memorial Herman Hospital |
| Fort Bend County encompasses such cities as | | | | just recently opened a full service hospital on US |
| Sugar Land, Katy, Fulshear, Richmond, Rosenberg, | | | | 59 and the Grand Parkway. This will allow the |
| Needville and some other towns. It stretches | | | | growing area of Greatwood the opportunity for |
| over a number of freeways; the two most | | | | convenient medical care. |
| traveled being Interstate 10 and US 59. Closely | | | | Inventory seems to be an increasing concern |
| being watched is the expansion of Mason Road | | | | among Real Estate professionals. Inventory is |
| which will connect from 90 in Richmond to 290 | | | | difficult to find and usually sells very quickly. With |
| north of Interstate 10. | | | | the announcement by Fluor Daniels to be |
| The first project calls for the widening of FM 359 | | | | increasing their employment numbers to include an |
| from two to four lanes from US 90A to Farmer | | | | additional 1000 jobs. And moving them into the |
| Road. This project is tentatively scheduled for a | | | | Unocal building located on US59, real estate |
| December 2007 date to begin construction. The | | | | professional are continually looking for homes to |
| second project calls for the widening of FM 359 | | | | reenter the mark. With all of this growth it is |
| from Farmer Road to FM 723. This project is not | | | | understandable how important finding the right |
| as far along in the development process as the | | | | realtor can be. |
