Houston, TX - Local Housing Data - Summary

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Houston, Sugar Land, Baytown, TX

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Houston, TX Local News

  • New Home Closings and Prices in the Top 5 U.S. Destination Cities

    Earlier this month, U-Haul released its annual Top 50 U.S. Destination Cities Report for 2013. We know how, and where American families moved their belongings across the country, but how did the new single-family housing market in the top 5 destination cities treat newcomers? BUILDER's Charlotte...

  • Lookout Group Picks Drees, Giddens, and Sitterle for 600-acre Austin MPC

    Austin Business Journal staffer Jan Buchholz reports that Houston-based masterplan developer the Lookout Group has selected Drees Custom Homes, Leander-based Giddens Homes and San Antonio-based Sitterle Homes as home builders for its new Austin MPC, Clearwater Ranch.

  • Taylor Morrison Builds Bonterra Near Houston-area Exxon Mobil Campus

    Houston Business Journal staffer Jenny Aldridge has an update on construction of a neighborhood for active seniors near the Exxon Mobil campus in North Houston. Taylor Morrison will build 700 homes in a new 257-acre age-targeted community, Bonterra.

New Home Sales and Prices Both Rise in Houston According to Newest Data

Posted on: Apr 06, 2014 07:18:38 AM

New home closings grew year-over-year in January in the Houston, TX market, but signs of market leveling were showing as the percentage gain was less than December 2013. New home closings saw a 2.7% climb from a year earlier to 1,294. This came after a 12.9% hike year-over-year in December.

A total of 23,558 new homes were sold during the 12 months that ended in January, up from 23,524 for the year that ended in December.

As a percentage of overall housing closings, new home closings accounted for 16.9% of overall housing closings. As a part of the whole, new home closings were 16.0% a year earlier. After rising year-over-year in December, closings of new and existing homes declined year-over-year in January.

Pricing and Mortgage Trends

The average price of new homes climbed year-over-year 13.1% in January to $291,490 per unit. This hike is higher than the 11.3% surge in December year-over-year.

For newly sold homes, the average mortgage size saw a lift year-over-year along with new home prices. It climbed 10.3% in January from a year earlier to $249,869. In December 2013, average mortgage size on newly sold homes saw a 9.6% hike year-over-year from a year earlier.


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