Meritage Homes to start model homes in Spring Branch after Houston City Council approval

Weeks after Houston City Council approved rules restricting new home construction in floodplains, the council unanimously approved a measure April 25 that will pave the way to develop hundreds of new homes on the site of a former golf course that falls within the city’s mapped floodplain.

Scottsdale, Arizona-based Meritage Homes (NYSE: MTH) got approval from the council to create a municipal utility district to provide basic infrastructure including water and sewage for the 900-home development…

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