BREAKING NEWS

A Rarity: New Office Building to be Built in Houston

Howard Hughes Buys Office Building in The Woodlands

Demand for Vacation Homes Nosedives

DC Partners Adds Kimpton Hotel to Fredericksburg Project

RNR Real Estate Briefs – Texas & more

Houston Design District Adds Modern Apartments

REALTY NEWS REPORT - Logo

Downtown Houston
RNR-RalphBivinsProject-Interviews
  • 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
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact
FacebookLinkedinYoutubeEmail
REALTY NEWS REPORT - Logo

Houston Ranks No. 2 and Dallas No. 1 in National Housing Starts YTD

by Realty News ReportNovember 7, 2016
Share0
HOUSTON – Houston ranks No. 2 in the nation in housing starts, behind only the national homebuilding leader, Dallas, according to third quarter statistics from Metrostudy.
Through three quarters of 2016, Houston recorded 25,800 starts, a decline of 3,000 starts from the comparable period of 2015.
“Houston’s housing market continues to prove to be resilient given the prolonged turbulence in upstream oil and gas and continued sub-optimal $40 to $45 a barrel crude oil prices,” says Lawrence Dean, director of Metrostudy’s Houston market.
Weak job growth has put a damper on Houston’s housing starts. When the annual starts totals come in, Metrostudy projects a decline of 9 or 10 percent in 2016, with modest improvement predicted for 2017 and 2018.
Homes priced at less than $300,000 are the best sellers.
A lack of inventory puts upward pressure on home prices – both new and existing homes – across the country, said Lawrence Yun, chief economist of the National Association of Realtors. Home building must increase to address the housing supply shortage, but high land costs and development costs makes is harder for builders to increase construction and build starter homes.
Nov. 7, 2016 Realty News Report Copyright 2016
Share0
previous post
Realtors: 2016 Will Be The Best Year for Home Sales in a Decade
next post
Texas Well-Positioned for Future, Economist Ray Perryman Tells NAI Partners Outlook Event

Related posts

A Rarity: New Office Building to be Built in Houston

Realty News ReportMay 20, 2025

Howard Hughes Buys Office Building in The Woodlands

Realty News ReportMay 19, 2025

Demand for Vacation Homes Nosedives

Realty News ReportMay 19, 2025

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Search News

CommGate
new version
ECD-RealtyNewsReport-Ad-300x250
Partners Ad
CBRE Ad
Arch Con Corporation Ad
Hines Ad
Avera Ad
RNR Ad 030124
Ziegler Cooper Ad
Lee & Associates Ad
2021 Realty News Report Ad
RNR - Lincoln Property Company
Hal Gordon - Property Tax Lawyer
Hunington Ad
230725-RNR_Digital-Ad_Red
Hunington Ad

Let's Connect

logo
About US
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
Follow us
FacebookLinkedinYoutubeEmail
@2022 All Right Reserved. Powered by CGS Digital Marketing
REALTY NEWS REPORT - Logo
FacebookLinkedinYoutubeEmail
  • 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
  • Subscribe
  • The Ralph Bivins Project
  • About
  • Contact