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Texas Leads US in Home Building
Texas Leads US in Home Building.
Despite having 9% of the population in the United States, Texas accounts for 15% of all new home permits. The growth is expected to continue, and according to a report by Realtor.com, Texas is expected to overtake California as the nation’s largest population by 2045.
Long known for it’s affordability across the four major metros in Texas, recent inflation has steered home builders into building more affordable homes. In the last two years, the pace of new homes priced under $350,000 has dramatically increased, while new construction of homes priced between $350,000 and $2 million has fallen.
In 2024, homes priced below $350,000 accounted for 47% of the for sale housing inventory in Texas – which included both new and existing homes. As the effects of inflation continue to persist, 50,000 more homes were priced at or below $350,000 in 2024 versus the year previously. Click here for the full article.
Average Sold Prices for Recreational Land in Palo Pinto, Parker and Wise Counties
Average Sold Prices for Recreational Land in Palo Pinto, Parker and Wise Counties.
The following indicates publicized sales prices on recreational land in Palo Pinto County TX, Parker County TX, and Wise County TX. This analysis is for properties between 100 and 200 acres.
Palo Pinto County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 121 acres 118 Acres $7,135 $8,024
2023 122 acres 114 Acres $6,153 $5,370
2022 144 acres 111 Acres $8,125 $8,028
Parker County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 142 acres 130 Acres $20,814 $20,256
2023 138 acres 132 Acres $19,325 $14,308
2022 150 acres 147 Acres $22,511 $17,859
Wise County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 159 acres 171 Acres $13,447 $13,772
2023 128 acres 125 Acres $9,291 $8,978
2022 139 acres 140 Acres $11,981 $12,017
Average Sold Prices for Recreational Land in Lavaca, Fayette and Colorado County.
Sold prices for recreational land the last 3 years for Lavaca, Fayette and Colorado Counties in Texas.
The following indicates publicized sales prices on recreational land without homes in Colorado County TX, Fayette County TX, and Lavaca County TX. This analysis is for properties between 50 and 100 acres.
Colorado County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 69 acres 66 Acres $10,329 $10,429
2023 78 acres 82 Acres $14,644 $9,817
2022 60 acres 55 Acres $11,752 $10,317
Fayette County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 69 acres 70 Acres $23,311 $19,965
2023 69 acres 65 Acres $11,483 $10,450
2022 79 acres 85 Acres $12,790 $11,380
Lavaca County Avg. Acres Median Acres Avg. Acre Price Median Acre Price
2024 81 acres 92 Acres $10,874 $9,346
2023 65 acres 55 Acres $9,678 $9,500
2022 68 acres 63 Acres $8,530 $7,606
Ken McElroy Provides an Inside Look at Apartment Development Costs
Ken McElroy Provides An Inside Look at Apartment Development Costs (video).
Redfin CEO Discusses 2025 Housing Outlook
Redfin CEO Glenn Kelman on Expectations for the Housing Market in 2025. (Video)
The Best Real Estate to Buy in 2025.
Video of the Best and Worst Real Estate to Buy in 2025.
Hear from Ken McElroy as he predicts the best and worst real estate to buy in 2025.