Megatel Homes Reports Record Sales for Q1 2021
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DALLAS, April 1, 2021 /PRNewswire/ Megatel Homes LLC, one of the largest private homebuilders in the country, today announces record sales for Q1 2021. The significant demand for single-family housing in the Texas market has driven gross contract sales in excess of $180 million. Megatel Homes anticipates that the housing market will remain strong for the foreseeable future. The current environment of the Dallas-Fort Worth housing market is like one we have never experienced before, said Zach Ipour, co-founder. The margin in most of our communities has nearly doubled within the last six months and we are witnessing price increases of $10,000 to $20,000 per month, on average. If four homes are sold in one week, prices increase across the board for the respective community which ultimately helps the bottom line.