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Houston Leads the Nation in New Home Construction’s Weak Market

by Realty News ReportAugust 27, 2011
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HOUSTON – Houston is leading the nation in residential construction, one of the weakest sectors in the economy.

Houston led the nation in 2010 with $4.17 billion in new residential projects, according to the U.S. Census Bureau.  Dallas was second with $3.87 billion and New York was third with $3 billion.

New home sales, however, are off sharply and the nation is headed for one of its worst years ever. The Commerce Department reported sales of new homes fell nearly one percent in July to a seasonally adjusted rate of 298,000 homes.

Journalist Andrew Schneider of Houston Public Radio KUHF 88.7 FM interviewed RealtyNewsReport Editor Ralph Bivins about the market. To review Schneider’s report please click http://app1.kuhf.org/articles/1314141856-July-New-Home-Sales-Are-Down.html

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Author Ralph Bivins is editor of Realty News Report, which covers regional and national news. Bivins recently received the Gold Award for Best Column in the National Association of Real Estate Editors Journalism Competition. Contact us
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  • Home
  • Categories
    • Breaking News
    • Houston
    • Residential
    • New Development
    • People
    • Office
    • Multi-Family
    • Capital Markets
    • Texas
    • Retail
    • Hospitality
    • Industrial
    • Land
    • Lease Brief
    • Medical
    • National
    • Realty News Report
    • Trades
    • Uncategorized
  • Archive
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  • The Ralph Bivins Project
  • About
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