XPost: alt.economics, seattle.politics, or.politics
XPost: ca.politics, fl.politics

from https://www.mansionglobal.com/articles/texas-leads-the-u-s-in-new-home-building-8d2054ff?utm_source=newsshowcase&utm_medium=gnews&utm_campaign=CDAqEAgAKgcICjD60qULMM3dvQMwqZraAw&utm_content=rundown&gaa_at=g&gaa_n=AerBZYNiLShwnX0H3tB4R2DuXT2iNsoZid6-
pg3bCnDRa9DHCVdcNE9R-1rv44jgKJeyQT8vPiPsjyyDvM4g&gaa_ts=67a65455&gaa_sig=PVtpnpirdlV0qY-3RimMCIjESOVd_NzntAogyflRSBNTr6AnTOg6l7PDa7z1qmytBSxFpYQWB19DO-svqgmP0Q%3D%3D

(Unlike idiot places like Seattle, Texas does not try to solve the
lack of adequate housing by instituting rent control, or eviction
moratoriums.)

Texas Leads the U.S. in New Home Building
The state’s construction pipeline has ballooned as it races to keep up
with a growing population
By Liz Lucking Follow
|
Originally Published On February 6, 2025
|
Mansion Global

Texas “has grown rapidly in the last several years.”
Unsplash

Texas, facing a migration boom, has the biggest home-building pipeline
in the U.S., according to a report Thursday from Realtor.com.

The Lone Star State is building more homes than anywhere else in the
U.S. to accommodate a surge in demand from would-be residents from all
over the country and even farther afield, the property portal said,
noting that new residents to Texas primarily come from international
migration and relocation from California.

“The state has grown rapidly in the last several years as people from
across the country and across the world have seen what Texas has to
offer,” Danielle Hale, chief economist at Realtor.com, said in the
report. “In the years since the Covid-19 pandemic, the Texas economy has boomed, especially in high-demand industries like technology, education, manufacturing and construction.”

As a result, “already-scarce housing inventory from years of
under-building was flooded with cash offers, and listing prices and
rents soared,” Hale said. “Texas has responded by building more and
smaller homes to meet demand, helping the market settle and housing
inventory climb back to pre-pandemic levels ahead of the nationwide recovery.”

Last year, Texas ranked as the No. 1 state for new house permits,
accounting for 15% of the U.S. total. The state accounts for 9% of the
U.S. population.

MORE: Inside the Priciest Apartment for Sale in Manhattan’s SoHo
Neighborhood

The median size of a newly constructed home on the market in the state, meanwhile, was 2,073 square feet, down from 2,189 in 2020, a 5.3%
decrease. Over the same time, newly built homes nationwide have shrunk
from 2,112 square feet to 2,035, a fall of 3.6%.

Part of the state’s appeal is its relative affordability, with a median
home price below the national median “for a considerable time,” the
report said, “despite significant recent price growth.”

As of December, the median listing price in Texas was $360,000, roughly
$40,000 below the national median, and in 2024, almost half of all
for-sale inventory in Texas was priced at $350,000 or less, compared to
just 40.1% of national inventory.

--- SoupGate-Win32 v1.05
* Origin: fsxNet Usenet Gateway (21:1/5)