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Real Estate  Killeen Daily Herald | KDHnews.com Sunday, February 23, 2014 BUy this photo at kdhnews.com Jaime Villanueva | Herald Construction continues on homes in the Evergreen Estates subdivision in Harker Heights. More than 130 more single-family homes sold during 2013 compared to 2012 in the greater Killeen area. Housing market holds steady across region By Mason W. Canales Killeen Daily Herald Housing numbers New home starts More than 130 more single- City 2012 family homes sold during 2013 Belton 120 compared to 2012 in the greater Fort Hood area, and construction Copperas Cove 148 of new homes remained steady Harker Heights 203 for most area cities. Killeen 995 There were 2,568 single-family Nolanville 34 homes sold during 2013, according Temple 519 to the Fort Hood Area Association of Realtors. The largest month — May — saw 266 homes sold. New home sales The Fort Hood area covers No- Month 2012 lanville to Lampasas and Gates- January 167 ville to Florence. February 178 There were 100 fewer permits March 180 issued for single-family homes in Killeen during 2013 compared to April 195 2012, but the area still saw a lot of May 207 building, said Debbie Brockway , June 256 Central Texas Home Builders As- July 283 sociation executive officer. August 269 “I think we have kind of held September 175 equal to last year,” she said. “ All my builders stayed busy .” October 189 Killeen issued almost 900 single- November 154 family permits. December 185 The lower number accounted Total 2,438 for about $10 million less in new Killeen property values. Harker Heights had the area’s second largest number of new home starts during 2013, but lagged behind 2012 by seven permits. Harker Heights is expecting an- other good year as a new subdivi- sion’s infrastructure was accepted by the city in December, said Fred Morris, the city’s planning and development director. By January , the city had issued more than 30 residential permits. Copperas Cove issued 58 new home permits in 2013. The num- ber was down by about 90 permits from 2012. While the city’s residential development slowed, city spokes- man Kevin Keller said the city should experience more growth this year. “Several large residential devel- opments were moving through the development process in 2013 with expected construction to begin in 2014,” he said. Nolanville issued 50 new home permits in 2013. Brockway said Fort Hood contributed to new home starts remaining high throughout Cen- tral Texas. “ lot of the areas have suffered A a lot more than we have,” she said. “Because of Fort Hood, we haven’t dropped too bad.” For builders such as the Killeen- based Cameo Homes, 2013 was a pretty typical year, said Don Farek, Central Texas Home Build- ers Association board member and Cameo Homes owner. Speculation homes seem to be 2013 121 58 196 896 50 556 2013 162 174 181 218 266 248 265 253 206 212 175 208 2,568 ‘A lot of the areas have suffered a lot more than we have. Because of Fort Hood, we haven’t dropped too bad.’ BUy this photo at kdhnews.com Catrina Rawson | Herald Housing goes up on Orion Road off State Highway 195 in Killeen. New residential and commercial permits increased in 2013. Area’s economic growth continues By Mason W. Canales Killeen Daily Herald Commercial growth continued throughout Central Texas in 2013 and more in on the way for shop- ping centers in Killeen, Copperas Cove and Harker Heights. Killeen issued 35 new commer- cial building permits by the end of 2013, 12 fewer than the previous year. However, the value of the structures was worth about $8 million more in 2013 compared to 2012. Debbie Brockway Harker Heights issued 16 new Central Texas Home Builders commercial building permits in Association 2013 with an estimated value of $31 million. The figure was about moving faster in the area than $21 million more than 2012. custom built, but that has been Copperas Cove issued seven the trend, Farek said. The larger new commercial building per- builders, which generally build mits, which had an estimated speculation homes, can purchase value of $7.7 million. more lots up front. Commercial developments in- More work is coming though, cluded new medical clinics, retail Farek said. stores and shopping strip centers. The custom market is tradition- “There is a lot of area that is ally slow during the winter and still available ... and while there is holiday period, he said. “But just a lot of properties that are zoned within the last (month), it has and platted, there is always an picked up.” opportunity for that to be re- Much of the residential build- zoned and replatted,” said Tony ing in Killeen has been on land McIlwain, a Killeen city planner. already developed, said Tony “Killeen is going to continue to McIlwain, a Killeen city planner. grow.” Growth areas include the south- In 2013, Copperas Cove experi- west portions of the city especial- enced the launch of the Five Hills , ly around State Highway 195. shopping center, which brought Building in the area will con- a larger H-E-B Plus to the com- tinue in 2014, and several new munity along with several other developments are in the works, in- commercial endeavors. cluding some multifamily apart- Only a portion of the develop- ment complexes and mixed-use ment is built and there is room developments, McIlwain said. for two additional anchor stores Sales Tax revenue Killeen Sales Tax Revenue 2013 2012 2011 TOTAL $20,137,932.17 $19,952,760.45 $18,508,145.35 Percent change 0.93% 7.81% -2.00% Harker Heights Sales Tax Revenue 2013 2012 2011 TOTAL $5,292,635.83 $5,470,154.65 $4,939,172.75 Percent Change -3.25% 10.75% 2.22% Copperas Cove Sales Tax Revenue 2013 2012 2011 TOTAL $4,009,677.98 $3,890,968.90 $3,605,966.30 Percent Change 3.05% 7.90% -1.97% Source: State Comptroller’s office. Note figures based on calendar year not fiscal. and an apartment complex on the 127-acre site. Endeavor Real Estate believes the site will continue to fill as the U.S. 190 bypass opens and increas- es access to the property said , Daniel Campbell, a principal with the Austin-based company . Not projected to be complete until 2015 is the Killeen Town Center development, which will take up 62 acres on the corner of Stan Schlueter Loop and Bunny Trail in Killeen. The development will house a Walmart Supercenter, five junior anchors and six out-parcels, ac- cording to site plans. More development is still pos- sible for Market Heights, which was sold to a trust in December. The 82-acre shopping center is fully leased for the buildings con- structed on the property but there , is room for at least two more strip buildings at the center. There is potential to develop those, said David Watson, man- aging principal of Dallas-based Direct Development. The company opened the first commercial retail- er on the site in 2007 and manages the property despite the sale. A Walmart Neighborhood Grocery store also is planned on Stillhouse Lake Road in Farm-to- Market 2410 in Harker Heights. The store will anchor several other businesses. Construction continues on sev- eral small retail shopping centers throughout Central Texas. FM 2410 in Harker Heights and Clear Creek Road, Elms Road and Stan Schlueter Loop in Killeen saw steady commercial growth during the past year. While the retail market is ex- panding, the amount of sales tax revenue stayed steady . The revenue source for Killeen grew by 0.93 percent between 2012 and 2013, according to the Texas comptroller’s office. Despite the small percentage, Killeen still grossed more than $20 million. Copperas Cove’s retail sales grew by 3.05 percent and Harker Heights’ sales decreased by 3.25 percent.