Houston builders to add 28,000 homes this year
Metrostudy | February 01, 2018
Houston-area builders will start construction on more homes this year, but labor shortages, increased material costs and rising mortgage rates could present challenges to the industry, according to a new forecast. The forecast by Lawrence Dean, an economist at the research firm Metrostudy, projects local housing starts will rise to 28,000 this year, a 2.5 percent increase over 2017, but a 10 percent jump over the market's 2016 trough.