Heaps of housing added to Houston and Austin markets in just a few years

The dawning slowdown in the Houston-area housing market arrives on the heels of a striking boom where homebuilders and apartment developers increased the housing supply by almost 10 percent in just a few years. Despite a recent increase in the supply of new homes sitting vacant in the Houston area, analysts remain upbeat about the overall health of the local real estate market. Housing demand over the next couple years, however, is expected to be softer amid low oil prices and massive layoffs in the energy industry.

Sourced through Scoop.it from: www.houstonchronicle.com

Dallas ranked 7th in percentage gain of new housing, and 2nd (behind Houston) in number of units.

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