Texas Dominates Housing Market with Record-Breaking Home Builds

Texas continues to dominate the housing market, outpacing all other states in home construction last year. With Dallas and Houston leading the charge, the Lone Star State’s housing game is stronger than ever. According to Zonda’s chief economist, Ali Wolf, Texas’s top three markets built a staggering 300% more homes than California’s top three markets, despite having a smaller population.

The key to Texas’s success lies in its abundance of developable land, migration trends, job opportunities, and favorable regulations for developers. Unlike California, Texas offers a more affordable and streamlined process for building homes. While the cost of housing has increased, the demand for new homes has also risen, prompting developers to keep up with the pace.

In contrast, California faces challenges with zoning regulations, limited land availability, and opposition to new development. Cities like Los Angeles and San Francisco struggle to build an adequate supply of homes, contributing to the state’s ongoing housing crisis. In Texas, cities like Houston benefit from a lack of zoning restrictions, making it easier for developers to meet the growing demand for housing.

As more people flock to Texas for affordable living and job opportunities, the state’s population continues to soar. With Texas gaining more residents than any other state in 2022, the appeal of living in the Lone Star State remains strong. Despite concerns about future housing supply, Texas’s housing market shows no signs of slowing down, offering a promising outlook for both developers and homebuyers alike.