Lone Star State leads California, New York, and U.S.
When it comes to housing market flexibility, the statement that “Everything is bigger in Texas” couldn’t be truer. Texas leads California, New York, and the U.S. as a whole when it comes to market flexibility. What does this mean? Basically it means that Texas’ abundance of available land and the relative ease of acquiring it are key to the housing market’s flexibility.
According to its April 2016 report, the Real Estate Center at Texas A&M University revealed that Texas housing market is more flexible than California’s, New York’s, and the nation’s as a whole.
Overall, the report reveals that for more than 20 years, the Texas housing market has been able to supply more new homes per 1,000 people, beating national averages even after the market crash of 2006. Read the report here