California-based Homebound is making a big, Texas-sized swing at Dallas-Fort Worth, rolling out a roughly $731 million land expansion that spans more than 1,000 lots across the region. The company’s first Texas community, The Villas at Lakeside in Flower Mound, is anchored by a sales center at 2901 Lakeside Village Blvd and is slated to deliver model homes and initial move ins in early 2026. Homebound also has communities teed up in Dallas, Prosper and Mansfield and says a broader push into the Houston area is coming later this year.
The Dallas Business Journal reports that the roughly $731 million commitment is one of the largest land bets by an out-of-state, tech-focused homebuilder in North Texas this year. The outlet notes the land buys and community pipeline together represent Homebound’s biggest single-market wager in Texas so far.
Where Homebound Is Building
Regional reporting shows Homebound has snapped up more than 1,000 lots across Dallas, Prosper, Flower Mound and Mansfield, totaling roughly $731 million in land value, with the first ground game centered on The Villas at Lakeside at 2901 Lakeside Village Blvd in Flower Mound, according to Bisnow. Bisnow also details additional planned D-FW communities: Swan Lake in Dallas, Park Place and Mosaic in Prosper, and Westhill Parks in Mansfield, and notes the company intends to extend its Texas footprint into Houston later this year.
“The Villas at Lakeside is our first community in Texas and represents everything Homebound stands for as we expand into new communities this year,” Homebound’s Texas regional president Charlie Coleman said in a statement cited by Bisnow. In other words, this is the company’s flagship calling card for its Texas ambitions.
What The Villas Offers
Homebound’s community page lists the sales center at 2901 Lakeside Village Blvd and shows homes starting near $1.8 million, with a mix of floor plans and personalization options. The developer pitches The Villas at Lakeside as lakefront living inside the Lakeside Village development and says model homes and select move in-ready inventory are expected to be available in early 2026.
Market Context
Homebound is stepping into a North Texas market that remains a magnet for builders but has clearly cooled off from the frenzy. D-FW builders started more than 41,000 homes in 2025 even as buyer demand softened and inventories of finished homes and developed lots climbed, according to recent reporting. The Dallas Morning News has detailed those headwinds, noting that abundant lot supply has pushed some builders to delay starts or reach for incentives to keep sales moving.
Even with the slowdown, D-FW has kept its crown as a building powerhouse. Industry coverage last year found the metro led the nation in permit volume, a structural reason national and out-of-state builders keep zeroing in on the region, according to The Real Deal.
What To Watch
Market watchers say the big variables now are lot pricing, incentive levels and how quickly Homebound can turn its land pipeline into finished homes in what is effectively a buyer’s market. The company promotes a technology-driven building platform that it says lets it deliver homes about 40% faster and at roughly 25% lower cost than traditional builders, a claim outlined on Homebound’s site. Faster and cheaper helps, but local analysts caution that if land is oversupplied and buyers stay on the sidelines, even tech-enabled builders can be pushed into price cuts.
