Home supply tightest in 30 yearsHome supply tightest in 30 yearshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=197352018-04-10T05:00:00Z2018-04-10T20:00:00Z

​​TEXAS – The Lone Star State has the tightest housing supply in almost three decades.

In February 2018, there was only a 3.4-month supply of new and preowned houses listed for sale across the state—the lowest inventory in 28 years, according to a new report from the Real Estate Center at Texas A&M University.

"Existing homes have been in short supply for a while," Real Estate Center research economist Dr. Luis Torres said in the report. "The big difference is now the shortage of new homes is more pronounced."

The supply of homes available for purchase is even tighter in North Texas.

In February, there was only a 2.7-month inventory of preowned single-family homes listed for sale with real estate agents.

In addition there was a 2.2-month inventory of completed but vacant new houses available in the Dallas-Fort Worth area at the start of 2018.

While DFW was the top homebuilding market in the country in 2017 with more than 30,000 starts, home demand in North Texas and around the state is outstripping new supply.
Dallas News

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