U.S. government data shows builders increased the pace of single-family home construction while slowing the pace of multifamily starts. 

The National Association of Home Builders/Wells Fargo Housing Market Index rose for the fourth month in a row in April as the construction industry remained “cautiously optimistic.”     

The home on 3920 Inverness Drive was listed by Mike Mahlstedt of Compass RE Texas, LLC, while the buyer was represented by Walter Bering of Martha Turner Sotheby’s International Realty.

This was the fourth week in a row of declines, leaving prospective buyers hopeful for sustained low rates throughout spring homebuying season.

Condominium owners looking for more space, access to outdoor areas and increased distance from neighbors often consider a detached home to be a natural upgrade. But are these upsizing dreams actually attainable?

New listings have proven difficult to predict in the first 12 weeks of the year, according to the Houston Association of Realtors® latest Weekly Activity Snapshot.

The National Association of REALTORS® Pending Home Sales Index rose for the third month in a row, suggesting the housing market’s contraction could be “coming to an end.” 

The S&P CoreLogic Case-Shiller U.S. National Home Price Index rose 3.8% year over year in January, compared to a 5.6% annual gain in December.

The most expensive new listing in Texas is a record-breaking property.

The supply of new homes for sale ticked lower from February, according to government figures.

The annual rate of 4.58 million sales was up 14.5% from January but down 22.6% from the February 2022 rate of 5.92 million. 

Multifamily construction may have exceeded demand in Houston, according to Colliers’ latest report.

A shortage of existing-home inventory is driving more people to the market for newly built homes. 

Homebuilders expressed “cautious optimism” that the lack of existing inventory would drive demand for new homes despite high construction costs and interest rates, the National Association of Home Builders reported.    

The most-expensive sale of the month was listed by Walter Bering of Martha Turner Sotheby’s International Realty.

The Texas housing market may have finally calmed from the pandemic housing frenzy, according to the Texas REALTORS®’ 2022 Texas Real Estate Year in Review report.