We’re seeing a notable slowdown in new home construction across the U.S.—permits are now 19.4% below pre-pandemic levels, and this marks 44 consecutive months of decline. For anyone navigating the Texas market, these numbers make a real impact: high costs, rising mortgage rates, and ongoing affordability challenges are making it tougher for builders, all while we face a housing deficit of 4.7 million units nationwide. Having worked in Texas real estate since 2006 and drawing on a family investment background that stretches back to 1983, I know how important it is to read these market shifts with a long-term, wealth-building mindset. Whether you’re a first-time buyer, relocating, or planning your next investment, understanding the bigger picture can help you make informed decisions in this changing landscape.
Leave a Reply