Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors


Texas  | 

Housing: Supply Expanding, Demand Stable, Affordability a Concern

The Texas housing market held steady as supply slowly expanded in June 2017, while demand remained stable. However, very limited supply for houses priced below $300,000, combined with stagnant wages and increasing construction costs, means affordability remains a problem, according to the Real Estate Center at Texas A&M University. The Texas Housing Affordability Index is at its lowest point since the housing crisis.

Though construction permits statewide increased 2.9% from May 2017 (a 12.5% jump, year over year), builders continue battling against rising costs, regulations and labor shortages, the analysts said. The number of vacant developed lots (VDLs) increased in supply constrained markets such as Austin and Dallas.

Texas’ months of inventory surpassed 3.9 months for the first time since 2014. The Real Estate Center noted that six months is considered a balanced housing market.

Subscribe to Connect Daily Texas

For comments, questions or concerns, please contact Amy Sorter


Inside The Story

Read More at Real Estate Center

About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.

Step 1: Select Education
  • ◦Development
New call-to-action