You Can’t Even Find Dirt to Build Homes on in Texas

Whether you’re building or buying, it’s a brutal housing market in Texas.  And it’s about to get even tougher as we enter the summer season, when people really start looking for a new home.  Texas leads the country, by far, in new housing permits.  But demand is outpacing supply by a Texas mile.  Hang around any construction type and you'll hear the phrase "I've never seen anything like this before.”  In fact, in this episode the Jasons are hearing that from Ted Wilson, one of the foremost residential construction experts in the state.  Ted even talks about how it’s now difficult to find vacant lots.  In other words, Texas is even running out of dirt to build a home on.  The Jasons also talk to a Dallas resident about the many difficulties he’s faced while trying to build a home, from the permit process to surging prices.  And if you’re about to do the same, he has some advice you’ll want to hear.  Can anything slow down this runaway train?  You’ll learn that in this episode as well.

 

 

Residential Strategies Inc – New Home Market Research & Consulting