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Outlook good for Texas new home construction

from Real Estate Center

Overall U.S. housing starts were down last month, but the Texas market remains in good shape. Nationally, U.S. housing starts fell 8.5 percent last month, according to data released by Wells Fargo. Single-family home starts were up 0.8 percent last month, but multifamily starts were down 24.1 percent following a 34.7 rise in December. Permits rose in both categories. In Texas, new home construction continues to expand at a "brisk pace, adding construction employment and general uptick to local economies," said Real Estate Center Research Economist Dr. Jim Gaines. more


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