The housing market in Houston has seen a decline in recent months, with sales dropping 8.6% year-on-year in June. However, according to a new ranking from real estate data firm Zonda, the Lone Star State is still a hotbed for home construction. The rate of housing growth in every city in Texas, apart from Houston, is much higher than other popular markets such as Southern California, Las Vegas, South Florida and Nashville. Despite the high construction numbers, there is still an acute shortage of available homes in North Texas and apartment vacancies have dropped below 3%.Dallas-Fort Worth came out on top of the list with 54,281 homes started this year, followed by Houston with 42,567. The state of Texas is experiencing an unprecedented level of home building activity.
This is due to a number of factors, including the state's strong economy and job market, as well as its attractive climate and lifestyle. Additionally, the state's low taxes and regulations have made it an attractive destination for businesses and individuals alike. The cities of Dallas-Fort Worth and Houston are leading the way in terms of home building activity. Dallas-Fort Worth has seen a staggering 54,281 homes started this year, while Houston has seen 42,567. This is due to the cities' strong job markets and attractive lifestyles. Additionally, both cities have seen an influx of new residents due to their proximity to major airports and other transportation hubs. Austin is another city that has seen a surge in home building activity.
The city has seen an increase of over 20% in housing starts this year compared to last year. This is due to its strong economy and job market, as well as its vibrant culture and lifestyle. Additionally, Austin's low taxes and regulations have made it an attractive destination for businesses and individuals alike. San Antonio is also experiencing a surge in home building activity. The city has seen an increase of over 10% in housing starts this year compared to last year.
This is due to its strong economy and job market, as well as its attractive climate and lifestyle. Additionally, San Antonio's low taxes and regulations have made it an attractive destination for businesses and individuals alike. Overall, Texas is experiencing an unprecedented level of home building activity. Additionally, the state's low taxes and regulations have made it an attractive destination for businesses and individuals alike.
