Current Market Data

Houston Gets a New Construction Outlook for 2016

Speculation on the future of Houston’s construction market spans the spectrum, from unbridled optimism to doomsday nihilism. The reality will likely fall somewhere in the middle of that range, according to a 2016 construction market outlook from Atlanta-based CMD Group,

Is the American Middle Class Disappearing? 4 Stats to Consider

Where does America’s middle class stand financially? New analysis from the Pew Research Center explains The U.S. middle class, which has long defined the country’s economic prosperity, is no longer the majority of Americans. That eye-grabbing finding came courtesy of

November a Universally Strong Month for New Construction

It was a month of thanksgiving for the nation’s homebuilders November offered U.S. homebuilders many reasons to give thanks, with permits, starts and completions all in positive territory. According to the latest report from the U.S. Census Bureau, building

How the Construction Sector will Help Lead Job Growth Over Next Decade

New projections from the country’s Bureau of Labor Statistics forecast big job gains for the construction sector over the next decade and emphasize the growing importance of environmentally conscious building. Over the 10-year period beginning in 2014 and ending

CoreLogic: Houston Homeowners Have Most Equity in Q3

Year-over-year gains in national equity were in the double digits at the end of this year’s third quarter, as a healing economy helped keep home price appreciation positive and consistent, according to a new report from CoreLogic. On Sept.

NAHB: Builder Confidence Drops Slightly in December

Builder confidence in the market for newly constructed single-family homes remained relatively flat in December, dropping one point to 61 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). David Crowe, the NAHB’s chief economist, said past

What Size Homes Do Consumers Want in 2015?

What is the preferable home size? The median size for homes purchased in 2015 was 1,900 square feet, according to the 2015 Profile of Home Buyers and Sellers from the National Association of Realtors. Beyond that median, though, NAR uncovered

The Oil Effect: What Makes Houston Different From Texas

States that rely heavily on oil and gas production are losing billions in tax revenues as the low price of oil continues to prompt companies to cut budgets, shrink workforces and, in some cases, file bankruptcy. Because of its

How Have Fannie Mae’s 3% Mortgages Affected Housing?

Fannie Mae’s 3-percent down-payment policy was met with praise and skepticism in equal parts, but how has it impacted housing? It was last October when Fannie Mae announced that, in an effort to broaden credit access, it would lower its

Greater Houston’s Top Closings in November 2015

Click on the tabs below to see the top single-family, condo and multifamily closings in Greater Houston’s housing market in October. Single Family Condo Multifamily Single Family Sales Price Property Agent Office $3,500,000 Arrowwood Ci, 11682, Houston Joel Rankin J.D. Rankin

HAR: Prices Slip With Oil in November

Houston’s real estate market has been in a tenuous state since the price of crude plummeted in late 2014, but in November a real crack finally surfaced, as home prices fell for the first time since Feb. 2012. According to

CoreLogic: Texas Foreclosures Drop as New Year Approaches

October was another month of declining foreclosures, both nationwide and in most major metropolitan areas, a CoreLogic report confirmed this week. Dropping by just over 21 percent year-over-year, the nation’s foreclosure inventory reached a 1.2 percent share this past October,

Pew Trust: American Finances on Uncertain Footing

The economy continues to recover, but Americans’ finances are still stuck in the mud A surprisingly large share of Americans are in a precarious financial state, according to a new, detailed study from The Pew Charitable Trust. For its study,

Texas, Houston-Area Counties Show Serious Growth

Despite slumping oil prices, layoffs and labor shortages, Texas’ and the Houston area’s populations are among the fastest growing, according to new U.S. Census Bureau numbers charting U.S. population growth by county between 2009 and 2014. Eleven Texas counties made it

U.S., Cuba Set to Talk Property Claims

Americans want their Cuban property. Since the 1960s, when Castro first seized power, that wanting has been a symptom most convinced themselves to ignore, despite filing claims against the country. However, when representatives of Cuba and the United States meet

La Marque ISD Closing Could Mean Return of Residents

Following La Marque Independent School District’s financial accountability rating of “Substandard Achievement” in October and loss of its accreditation in November, the Texas Education Agency announced on Dec. 2 that the entire district would be annexed into the Texas City

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