According to a recent report by John Burns Consulting, Houston has the strongest new home sales market in Texas. The Houston market is rated as “normal” relative to new home buyer traffic, better new home sales, and overall housing sentiment. Pricing is a bit weaker than normal but buyer demand appears to be solid.
Dallas, Austin and San Antonio are all rated as “slow” as affordability is the major hurdle and buyer incentives are still necessary in most new home subdivisions.
Migration has slowed the last couple of years but is still driving new housing demand. 47% of agents expect prices to weaken while 13% expect prices to increase. Click here for the full report.