Texas trough to Texas surge
TEXAS – It’s no surprise that Texas cities placed on a national list of improving metro regions for residential real estate.
Twenty Texas cities appear on the list of 255 U.S. metropolitan areas included on the July National Association of Home Builders/First American Improving Markets Index.
The group tracks housing markets that are showing signs of improving economic health across three sectors: job growth, house-price appreciation and single-family permit growth. It includes regions that have shown improvements for six months since their respective troughs.
Seven of the 20 Texas metropolitan areas are ranked by each sector since their respective troughs.
City |
Permits trough date | Rank |
Growth from trough |
Prices trough date | Rank |
Growth from trough |
Employment trough date | Rank |
Growth from trough |
Odessa | 02/28/09 | 1 | 20.8% | 10/31/10 | 1 | 25.4% | 08/31/09 | 2 | 29.5% |
Midland | 04/30/09 | 3 | 3.2% | 01/31/10 | 2 | 22.1% | 09/30/09 | 1 | 30.4% |
Victoria | 09/30/10 | 2 | 4.4% | 02/28/11 | 3 | 14.1% | 11/30/09 | 7 | 9.9% |
Austin | 07/31/11 | 4 | 2.3% | 01/31/11 | 5 | 9.9% | 09/30/09 | 3 | 12.7% |
Houston | 02/28/09 | 6 | 1.7% | 08/31/11 | 4 | 11.9% | 12/31/09 | 5 | 11.3% |
Laredo | 12/31/08 | 5 | 1.9% | 07/31/12 | 6 | 8.2% | 08/31/09 | 6 | 10.6% |
Longview | 05/31/09 | 7 | 1.3% | 01/31/12 | 7 | 6.2% | 10/31/09 | 4 | 11.5% |
Sort the list yourself for all 255 areas. See the NAHB/First American Improving Markets Index Excel file from July 8, 2013.
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