How the Oil Crash is Impacting Houston Home Builders – Q&A with Lawrence Dean, Metrostudy

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Lawrence Dean, photo courtesy of Realtynewsreport.com

As a senior advisor with Metrostudy, Lawrence Dean is responsible for providing housing and related information to builders, developers and investors in the Texas region.

During the past 18 months of dealing with the impact of oil and gas prices that have fallen lower than many people anticipated, Dean has seen housing starts drop off, but closings increase as builders pull from an inventory of unsold spec homes. The housing consultant sees the price tags on barrels of crude nudging up, but the home market recovery is slow. Builders and investors do remain optimistic, feeling the market could be worse and the situation, at least, seems headed in the right direction. Read More >