RANCHO CORDOVA, Calif. -- A new Centex Homes development in Rancho Cordova is in limbo because of a dreary housing market, the developer confirmed Thursday.

The 13 homes currently under construction in the Cypress at Kavala Ranch development will be finished, but none of the other lots will be developed for now.

Centex's Eric S. Bruner said Cypress is the developer's only neighborhood in Sacramento affected by the decision to stop building. There are 16 other neighborhoods in progress.

"We do see some signs of stability in Sacramento's housing market, but our current decision reflects the reality that we don't expect a sufficient recovery in the near term that will improve the basic economics of the neighborhood," Bruner said.

J.D. Power and Associates has ranked Centex Homes as the No. 1 homebuilder the past five years.