Houston New Homes

Residential Lot Prices Hit Record High

  The National Association of Home Builders reports that Lot values in the West South Central region, which includes Texas, have more than doubled since the last housing boom in 2006-2007.  As of 2018, half of the lots in the West South Central division sold for more than $62,000, 25% above the national median lot value for single-family spec homes…read more →

Lack of Attainable Housing Stymies Millennial Generation. Houston Cranking Out Entry Level Homes.

Why many would-be home buyers are renting — for now Here’s the good news: Income growth among 25- to 34-year olds — the millennial generation — grew 5.6 percent last year. And first-time homebuyer loans are up. Millennials are buying homes and debunking the myth that they don’t want to be homeowners. High student loans are beginning to fade in…read more →

Mansion sale prices in heavy decline: oil rout hits Houston’s rich | Reuters

Prices for mansions in Houston’s swankiest neighborhood have tumbled in lock step with crude prices. The Houston Opera has offered free season tickets to patrons who lost their jobs in the oil bust. A fancy restaurant offers cut-price dinners. Sourced through Scoop.it from: mobile.reuters.com See on Scoop.it – Texas Lots and Land