For more than 60 years, Friendswood Development Company has been creating and perfecting the concept of the master-planned community. It all began in 1962, when the company created the Houston area's very first master-planned community: Clear Lake City. Today, Friendswood Development Company offers communities spanning from the north to the south areas of the Houston market, with prices ranging from the high $100,000s to more than $1 million. Friendswood Development Company is a wholly owned subsidiary of Lennar Corporation, a top publicly traded and S&P 500 homebuilding company.