{{titleBar.title}}

{{titleBar.tagline}}

 

 

Conroe housing development shows no signs of slowdown despite oil slumpConroe housing development shows no signs of slowdown despite oil slumphttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=111322015-11-12T06:00:00Z2015-11-12T16:00:00Z

​​​CONROE - Builders are working around the clock in Conroe to meet an increasing demand for homes as major employers continue to draw new residents to Montgomery County.

Developers and builders have filed 522 new residential permits as of September 30 compared with 343 permits total in 2010, according to the city.

With a rise in permits citywide, Conroe projects a 51.4 percent increase in permit revenue during fiscal year 2015–2016.

The majority of new housing construction is occurring inside existing neighborhoods rather than within new subdivisions, said Nancy Mikeska, Conroe assistant director of community development.

While demand for housing is a factor, many developers in and around Conroe are building on previously undeveloped land within their property because of the strength of the local economy. In some cases, developers purchased land during the economic downturn and now have the funds to justify further development.

Developers are also looking for land to purchase with easy access to The Woodlands and Houston as The Woodlands Development Company runs out of land available for development.

Although new home permits have been filed throughout the city, several key Conroe corridors, such as West Hwy. 105, Loop 336, Hwy. 242 and FM 2854, are also seeing an uptick in new homes being constructed. 

Despite the fact many of the city’s major employers work within the oil and gas industry, the addition of different industries in recent years has diversified the local economy enough to mitigate the effect of low oil prices.

Community Impact Newspaper
Houston-The Woodlands-Sugar Land
Housing
http://communityimpact.com/2015/10/21/conroe-sees-uptick-in-new-homes/

​Click here to see Market Research on Houston's housing market!

Read more at {Source}

 Search NewsTalk Texas