Bonham, Texas (Feb. 4, 2026) -- The Bonham Economic Development Corporation (BEDCO) today announced Asher Oaks, a new 78-lot residential development on approximately 27 acres in the heart of Bonham. The community will be built by North Texas-based D.R. Horton, the nation’s largest homebuilder. Construction is scheduled to begin in late February, with the first home closings expected in May and all lots completed by 2028.

“We’re excited Asher Land Development and a nationally recognized builder like D.R. Horton are both investing in Bonham, a clear sign our city is ready for quality growth,” said BEDCO Executive Director William Myers. “Asher Oaks will deliver modern, affordable housing for Bonham's expanding industrial base and major employment centers in Grayson and Collin counties, options that are increasingly harder to find across North Texas.” 

Asher Oaks will feature D.R. Horton’s Express Series® homes designed with both individuals and families in mind and well-suited for first-time homebuyers, showcasing modern architecture with clean lines, contrasting siding, covered front entries and varied elevations that create a cohesive yet visually diverse streetscape.

With 6 single- and 2-story floor plans ranging from approximately 1,192 to 1,917 square feet, Asher Oaks homes will offer 3 to 5 bedrooms, 2 to 2.5 bathrooms, open-concept layouts and 2-car garages. Homes are expected to be priced from the mid- to high-$200,000s, with final pricing announced closer to the grand opening in August 2026. Two model homes will be available for tours, and full buildout is expected in 2028.

Asher Oaks is centrally located next to Bonham High School and just minutes from the city’s historic downtown and local shopping, with easy access to Lake Bonham, Bois d’Arc Lake and Lake Ralph Hall. Situated near U.S. Highway 82 and Sam Rayburn Highway (State Highway 121), Asher Oaks offers convenient regional connectivity to Sherman and the Dallas-Fort Worth Metroplex while maintaining Bonham’s authentic small-town character. 

Formerly a golf course, the land was acquired for a mixed-use development including residential, commercial and community spaces. In addition to the subdivision, Asher Oaks features a 3-acre commercial component, home to Asher Lane Bridal, two future commercial lots and One City Church of Bonham. Named after the Hebrew word Asher, which means “blessed” or “happy,” the community reflects a family-oriented vision rooted in connection and neighborhood cohesion. 

“Asher Oaks reflects our commitment to creating communities that support long-term growth and livability,” said D.R. Horton Dallas North Division President Eric Ammerman. “Bonham is a community on the rise, and we look forward to bringing Asher Oaks to life with modern homes, built-in amenities and convenient access to all the surrounding area has to offer.” 

Developed by Asher Land Development, owned by Gaylon and Melody Hammett, Asher Oaks is the company’s first residential project. Hammett Excavation Inc., a North Texas-based company founded in 1963 and owned by Gaylon Hammett, will serve as general contractor, bringing decades of experience in residential development and infrastructure projects. 

ABOUT BONHAM ECONOMIC DEVELOPMENT CORPORATION

Located at the intersection of Sam Rayburn Highway (Hwy 121) and U.S. Highway 82, Bonham, Texas, serves as the county seat of Fannin County and is conveniently positioned just 60 miles north of the Dallas-Fort Worth Metroplex and 30 minutes east of Sherman’s growing tech hub. With its historic downtown, affordable neighborhoods, exceptional quality of life and easy access to major regional centers, Bonham attracts families, professionals and businesses seeking growth and connection throughout North and Northeast Texas. 

The Bonham Economic Development Corporation (BEDCO) is a Type B EDC established under the Texas Development Corporation Act of 1997, funded by a half-cent, voter-approved sales tax dedicated to growing Bonham’s economy. With a 2025–26 sales tax budget of $1.1 million, BEDCO is investing in vital infrastructure, upgrades at Jones Field Airport, public parks, and strategic commercial and industrial development to create new jobs. BEDCO also supports downtown revitalization through matching grants that help business owners enhance their properties. 

For more information, visit www.cityofbonham.org/163/BEDCO. 

ABOUT D.R. HORTON

D.R. Horton, “America’s Builder,” has been building families beautiful homes in desirable locations for 47 years. America’s largest homebuilder by volume since 2002, D.R. Horton has built more than 1,200,000 homes with quality, functionality, value and style in mind. For more information about D.R. Horton’s Dallas North division, please call 469-974-6540 or visit www.DRHorton.com/Dallas.  Home and community information including pricing, included features, terms, availability and amenities are subject to change and prior sale at any time without notice or obligation.  Square footage dimensions are approximate. D.R. Horton is an equal housing opportunity builder.