News / Features

New Construction in Houston Booming in 2014

2014 was a VERY good year for new construction in Houston, according to the latest stats. Total residential construction spending in the Houston area was $9.841 billion in 2014, a 15 percent increase from 2013, according to new numbers from Dodge

Strong Multifamily Sector Drives New Construction in 2014

Construction on the whole was positive in 2014, but that was mostly due to the surging multifamily sector. Private construction may have been up 4.5 percent in 2014, but it was the multifamily housing market that drove that activity,

Economists Battle Over the Fate of Houston Jobs

With oil prices falling so rapidly, will Houston be able to recreate the same success as it had in 2014? Houston’s 2014 was one for the books, as the city’s more than proficient job creators bolster the market with an

How Houston Will See 108,780 New Homebuyers Enter the Market

Hundreds of thousands of potential homebuyers will be boomeranging back to the housing market over the next seven years. The Houston area is poised to see more than 100,000 potential homebuyers enter the housing market fray over the next seven

The Best Development in Housing? We Have It Right Here

Existing-home sales may have bounced back to life in Dec 2014 (and carried median sales price to its highest mark since 2007), but that was hardly the most encouraging piece of news in NAR’s latest housing report. No, that

Pending Home Sales Lose Strength as Year Ends

Pending home sales took a step back in December, but remain well above 2013 levels. The National Association of Realtors released its newest Pending Home Sales Index today, finding that despite persistently low interest rates, December pending home sales

No End in Sight For Houston’s Inventory Spiral

We’re all waiting for Houston’s housing inventory situation to improve…but that has yet to happen. The inventory situation in Houston continued to worsen in 2014, according to new numbers from realtor.com. Per realtor.com’s analysis, inventory in Houston dropped by 4.9 percent from November

Supreme Court Hears Arguments Against Landmark Housing Equality Legislation

The Federal Housing Act has helped curb housing discrimination since the late 60s. A new lawsuit could see to extend those protections or limit them. On April 4, 1968, a historic date by any measure, civil rights leader Martin Luther

Skilled Labor Shortages Threaten to Stall Eager Builders

Builders want to build but face stifling shortages to skilled labor. On January 26, the price of crude oil dropped to $45.15 – its lowest point since 2009. Since October 2014, we’ve been following the dips in oil price,

New Home Sales Price Sets New Record in 2014

New home sales may have disappointed in 2014, but median sales price was an entirely different matter. December may have capped off a lackluster year of sales for newly built single-family homes, but when it came to the median

ListHub Releases New Details on Zillow Split

ListHub publishes letter offering new details on their forthcoming split with Zillow, while Zillow finds new MLS provider. In a bombshell statement released in early January, Zillow announced that as of April 7 the listing portal would no longer

Texas Home Prices Remain Positive in New Case-Shiller

Home prices in the Texas area remained right on track in the latest Case-Shiller. Home prices in the Texas area remained positive as ever in November, with prices in Dallas rising 0.1 percent from October and 7.7 percent from Nov. 2013, according to the latest Case-Shiller

December Sales Hit 7 Year Peak, Threaten Affordability

Strong late year sales emphasize the presence of persisting demand, but low inventory could lead to eventual affordability problems. Existing-home sales faltered moving into the deep winter months, but according to a new report from the National Association of

Redfin Predicts Houston’s Top 5 Hottest Markets for 2015

Using data from 2014, Redfin predicts what Houston neighborhoods will stand out in the new year. Hot is the perfect way to describe the Houston market in 2014. With booming sales and a seemingly insatiable demand, the city has

Are Mortgages Any Easier to Come By? In a Word: Somewhat

Everyone knows that lending standards today are relatively restrictive by historic standards, but are they loosening up at all as housing and the economy improve? To find out, we took an exclusive look at CoreLogic’s Housing Credit Index (HCI),

SPECIAL REPORT: Houston Sees Healthy 2 Year Decline in Foreclosures

Using data provided by CoreLogic, we look closer at the foreclosure and serious delinquency rates of the last two years. Last week, we reviewed CoreLogic’s latest foreclosure report, which provided a brief snapshot of national and local foreclosure levels

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