Where Is Texas with the Nation’s Top Areas for New Homes?

Texas has been on a hot streak for quite some time when it comes to the housing market and it looks like 2015 will be no different. A report conducted by Realtor.com ranked the top 10 subdivisions and builders, according to closings, between 2012 and 2014 with the Dallas-Fort Worth-Arlington and the Houston-The Woodlands-Sugarland areas in second and fifth, respectively…

Housing Market Sour Note Not Indicative of 2014

According to several reports from the National Association of Home Builders (NAHB), 2014, which had been a positive year month-to-month, lost some ground in the final months. Although it's not all bad, it does stand to show that not every month, despite the increasingly positive outlook on the housing market, will be positive…

Why Houston Is Experiencing Massive Growth

Houston and the state of Texas has been thriving and leading the nation for quite some time now when it comes to the economy. Job creation continues on an upward trend at a rapid pace and the construction of homes continues to follow suit. Just recently, Texas was named one of the nation's leaders in international home sales, Forbes reported Houston to be first in new construction building, and the publication, Big Builder, claimed the state had four of the nation's top 15 counties to build in. The numbers do speak for themselves. According to Lowell Pinnock, Houston Division Sales Manager for Design Tech…

Positive September: Home Sales Increase, Along With the Price

Let's take a moment and thank September for a great month in national home sales. The rise in home sales continues and this past month is quite indicative. For existing home sales–5.17 million, it was the strongest month in an entire year, according to a report by Zillow, a real estate research company. This total is also up 2.4 percent from last month. The volume of these existing home sales had been on a decline, but this month turned that around. Not only was existing home sales up, but also the price of these homes. The average cost of these homes was $209,000, which was up 0.6 percent from Augu…

New-Home Sales Reach Highest Total Since 2008

The housing market has been on a slow progression upward after taking the fall in 2007 and 2008. According to the U.S. Department of Housing and Urban Development and the U.S. Census Bureau, this past August saw the highest seasonally adjusted rate of new home sales since 2008. The report showed a rate of 504,000 units, which was an 18 percent increase. These units are single-family homes. "This jump in sales activity is in line with our latest surveys, which indicate builders are seeing increased traffic and more serious buyers in the market for single-family homes," said Kevin Kelly, chairman of the N…

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