Texas Housing Insight

From the Real Estate Center of Texas A&M:

James P. Gaines, Luis B. Torres, Wesley Miller, and Paige Woodson (Jun 29, 2018)

May 2018 Summary

The health of the Texas economy supported strong housing demand, but the shortage of homes, especially those priced below $300,000, limited overall growth. Housing sales rose half a percent and were flat on the year. Inventory levels showed signs of relief as new listings came to market, but structural supply issues persist. Homebuilders are grappling with increased land, labor, and lumber costs, as well as increased regulations. The recent inventory uptick, however, moderated home price appreciation after years of outpacing income growth.  (Click here to read more.)