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.