Houston, TX - Local Housing Data - Summary

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Houston, Sugar Land, Baytown, TX

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Houston, TX Local News

  • Sedona Lakes Adds Trendmaker, Emerald to Builder Lineup

    Houston Chronicle staffer Katherine Feser reports that Trendmaker Homes and Emerald Homes have joined the builder lineup at Houston-area masterplanned community, Sedona Lakes, which also includes Highland Homes, J. Patrick Homes and Coventry Homes.

  • Builders Plan for New Homes at Tuscan Lakes

    Houston Chronicle staffer Erin Mulvaney reports that Westin Homes, KB Home, and Brighton Homes plan to introduce new programs for Houston-market masterplanned community Tuscan Lakes, Johnson Development Corp.'s 870-acre community in League City.

  • Houston: We've Got Lift-Off! U-Haul Names the U.S.'s Top 25 Destination Cities

    The U-Haul 2013 Top 50 U.S. Destination Cities Report is in. According to U-Haul moving data reflective of nationwide statistics for calendar year 2013, families moving to Houston took the No. 1 spot again, for the fifth year in a row. For the fourth year in a row, Orlando, Fla., took the No. 2...

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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