The Houston Home-Building Market Remains Strong, Especially in the Suburbs
The Houston home-building market is still going strong, especially in the suburbs. Even amid an oil slump, the national housing research group Metrostudy says Houston still ranks No. 2 in the country for homebuilding (second only to Dallas).
Houston builders built 25,489 new homes in the area in 2016, with the city's western suburbs showing the greatest home-building activity.
The study says developers are focusing on building more affordable homes on small lots, too, with many builders gravitating toward $200,000 to $350,000 homes on 50-foot lots.
The study also ranks the most active master-planned communities for home-building. Those are:
1. Riverstone
2. Woodforest
3. Aliana
5. Miramesa
7. Bridgeland
9. Tamarron
10. Wildwood
Source:
These 10 Houston communities saw the most new home starts in 2016 [Houston Business Journal]