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​Since 1983, eight severe weather events have each caused a billion dollars or more in damages in Houston. While the city has proven economically resilient after each storm, better flood management and infrastructure remain a challenge.

​New-home inventories in Texas have averaged 4.8 months since 2012, well below the six- to 6.5-month equilibrium level. Rising land prices and lagging labor productivity prevented a sufficient supply-side response following the Great Recession.

​​​​​​Rising land costs contribute to rising home prices. As land costs increase, they account for a larger portion of a home's overall price. In 2016, land accounted for an average of 20.4 percent of the cost of a home in Texas.

​​​​​Most Texas homeowners are aware of the homestead law that exempts them from certain taxes, but the law provides two other key provisions: homestead protection from creditors and the right of occupancy.​

​​​​​​​​​​​​​​​The economy along the Texas border differs from that in the rest of the state. Trade closely links the cities on both sides of the Rio Grande. This report discusses four major Texas metropolitan areas and their economic ties to Mexico.

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​​​​​​​​​​​​​Dallas-Plano-Irving's continued population growth is good for the local economy, but it presents challenges for the local housing market. 

​​​​​​​Supply-side obstacles continued to challenge the Texas housing market as homebuilders, faced with rising input and labor costs, were unable to keep pace with the state's economic and population growth. 

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