Texas | November 18, 2020

TX Homeownership Reaches All-Time High

Texas’ homeownership rate has reached an all-time high of 70%, according to the latest Texas Housing Insight report from the Real Estate Center at Texas A&M University. The state rate exceeds the nation’s 67.4% for the first time since 2012.

“Strong sales activity during the third quarter pushed the Texas homeownership rate to the unprecedented high,” said Real Estate Center chief economist Dr. Jim Gaines. “Nationally, homeownership fell across all races and every age group, except those 65 and older.”

Austin registered the greatest homeownership rate in the Texas Urban Triangle for the first time in 12 years, rising almost 9 percentage points to 74.7%. Dallas-Fort Worth’s rate hit 69%. San Antonio was relatively unchanged at 66.3%.
Houston recorded a drop in the proportion of owner-occupied units, falling from 67.9% to 65.5%.

“Homeownership could suffer in 2021,” cautions Gaines, “as COVID-19 foreclosure-protection policies expire.”

Get CRE News in 150 words

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

Order Reprints