Aug
16
Texas Is a Homebuilding Machine. And the Rest of the U.S.?
ByAustin, Dallas, and Houston are on pace to issue more than 10 percent of permits for new homes in 2017.
In the market for a new home? You’ll fare better if you’re house-hunting in Texas.
Dallas, Houston, and Austin are on pace to build a total of nearly 130,000 new homes in 2017, based on a Trulia analysis of building permits. That’s more than 10 percent of all new construction expected in the U.S. this year, and enough to put all three metropolitan areas in the top five for permitting activity. New York and Phoenix round out the group.
Austin is growing especially fast. The metro area is poised to add 30,000 new homes this year, more than double its yearly average from 1980 to 2016…