|Despite Harvey, Houston housing starts rank No. 2 in U.S. ||Despite Harvey, Houston housing starts rank No. 2 in U.S. ||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=18410||2017-11-20T06:00:00Z||2017-11-20T23:00:00Z|
HOUSTON – Despite Hurricane Harvey, Houston ranks No. 2 in the nation in housing starts, behind only Dallas, as Texas continues to show exceptional strength in homebuilding.
Houston had 27,713 housing starts for the 12-month period ending Sept. 30, 2017 which marks a 6.4 percent increase over 2016, according to a Metrostudy report.
Houston builders sold 7,540 houses in third quarter 2017, up slightly from the 7,427 sold in 3Q 2016.
Most Houston builders were relatively unscathed by Hurricane Harvey.
Houston has seen an uptick in job growth in 2017 and existing home sales are running at a record-setting pace.
Dallas remained the top new home market in the country, with builders starting 31,911 homes in the 12 months ending 3Q 2017.
|Realty News Report||Houston-The Woodlands-Sugar Land||Housing|| http://realtynewsreport.com/2017/11/16/despite-hurricane-houston-ranks-no-2-in-the-nation-in-housing-starts-behind-dallas/|
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