Houston nails ranking as busiest home construction market in US
CultureMap
HOUSTON, Texas New single-family homes are popping up like mushrooms around Greater Houston, with the region nailing down its status as the busiest home construction market in the country.
Data from the National Association of Home Builders shows the Houston area issued 48,208 construction permits for single-family homes in 2020. That cements the Bayou City s status as No. 1 among U.S. metro areas for single-family construction permits handed out last year.
Houston home sales shatter records in unprecedented year
CultureMap Houstonians don t need a reminder on how brutal the pandemic was last year. But the despair of 2020 certainly didn t affect local real estate, according to a recent report.
In 2020, Houston-area home sales sailed by 2019, surpassing 2019 by more than 10 percent, according to data released by Houston Area Realtors (HAR).
Some 96,151 single-family homes sold in 2020, according to HAR s 2020 annual market report. Overall sales of all property types for the year totaled 115,523, which represents an 11.6 percent increase over 2019 s record volume. It also marks only the second time in history that total property sales broke the 100,000 level, HAR notes.