The original “Texaplex” video by David Winans showcased why the Texas economy is the best in the country. It was immensely popular, with over 110,000 views on YouTube!
Now, he has released a new video about Houston that shows why Houston is so strong. All the reasons that make Houston’s Economy roll full steam ahead are the same reasons you should have your money in Texas real estate.
Reed Construction Data covers the trend of increasingly healthy markets in major Texas cities such as Houston, Dallas, Austin, and San Antonio.
Dallas and Houston have recently been reported to have more multifamily permits than New York City!
The trend has been attributed largely to “college and oil patch towns” that avoided both the housing boom and recession.
The articles report that Katrina restoration funds in golf cities and resource based Texan economies also account for recent progress.
It went on to discuss the relationship between cities who benefited the most from the housing boom and those that are facing the worst housing surpluses and price declines now.
The article citied a steady real estate market that never got “too hot or too cold”.
BusinessWeek.com used research from the Brookings Institutions new MetroMonitor to rank the nations top 40 strongest economies. Texas dominated the list: