Sign up to get new listings emailed daily! JOIN SIGN IN
Elsy Camacho

New Home Specialist

International Real Estate Specialist

Luxury Home Marketing Member

Hispanic Market Specialist

Facebook Icon LinkedIn Icon Zillow Icon VCard Icon 

Date Archives: September 2019

Just the facts Home

Subscribe and receive email notifications of new blog posts.

rss logo RSS Feed
Allen TX | 8 Posts
Buying a House | 7 Posts
Coming Soon! | 2 Posts
Coppell, TX | 1 Posts
Covid | 1 Posts
Covid-19 Update | 2 Posts
Dallas TX | 15 Posts
DFW | 5 Posts
DFW Real Estate | 30 Posts
Economy | 42 Posts
Exurb Counties | 2 Posts
Financial News | 1 Posts
Forth Worth TX | 1 Posts
Frisco TX | 5 Posts
Home Appraisals | 1 Posts
Home Prices | 7 Posts
Home Sales | 4 Posts
Home Showings | 1 Posts
Homebuyers | 1 Posts
Homeowner Tips | 1 Posts
Homeownership | 5 Posts
Housing Starts | 5 Posts
iBuyers | 1 Posts
In The News | 4 Posts
Inflation | 1 Posts
Las Colinas TX | 1 Posts
New Build | 1 Posts
Plano, TX | 2 Posts
Relocation | 2 Posts
Renting | 1 Posts
School News | 3 Posts
Taxes | 4 Posts
The Economy | 4 Posts
Zillow | 1 Posts
Dallas | Foreclosure | Fort Worth | Jobs | Home Sales | Coppell | Carrollton | Flower Mound | Real Estate | Plano | Frisco | Relocation | Moving | New Construction | New Building | Home Prices | Home Prices | New Contruction | Growth | Forclosure | real estate | dallas | fort worth | remax | search for homes | Schools | Taxes | Dallas-Ft Worth | Growth | Trophy Club | 55+ Retirement Communities | Frisco | Roanoke | Byron Nelson | New Construction | Jobs | Texas | Schools | Little Elm | Little Elm | Frisco | DART | Commuter Rail | Public Transportation | Argyle | Lantana | New Construction | Fort Worth | RE/MAX | Real Estate | RE/MAX | Real Estate | Southlake | RE/MAX | Sales | Agents | Coppell | Flower Mound | Carrollton | Plano | Frisco | Irving | Relocation | Dallas | real estate | remax dfw | Dallas-Fort Worth | Housing | Real Estate | Economy | buying a house | buying a home | home buying tips | RE/MAX DFW Associates | Colleyville | Grapevine | Selling a house | Las Colinas | Valley Ranch | DFW neighborhoods | Keller | Arlington TX | Bedford TX | Euless TX | Hurst TX | Keller TX | Southlake TX | Selling a Home | area information | Denton TX | homeowner tips | First-time Home Buyer | RE/MAX DFW Associates | purchase offer | Buying a condo | First-time Buyers | Millennial Buyers | Baby Boomers | Retirement Community | Kitchen Remodel | Increase Home Value | Local businesses | St. Patrick's Day | Financing a home | For sellers | Painting tips | Downsizing | Homeownership | Homebuying tips | For buyers | Frisco, TX | Plano, TX | Addison TX | Allen TX | Anna TX | Aubrey TX | Celina TX | Corinth TX | Farmers Branch TX | Garland TX | Grand Prairie TX | Gunter TX | Highland Village TX | Justin TX | Lewisville TX | McKinney TX | Melissa TX | Mesquite TX | Murphy TX | Prosper TX | Richardson TX | Rockwall TX | Rowlett TX | Sachse TX | The Colony TX | Wylie TX | The Market | Zillow | Renting | DFW Metroplex | Interest Rates | Covid | Pandemic | Omicron | Homeschool | Christian Schools | IBuyers | Investors | Showings | Listings | Homebuilding | inflation | Homebuilding Permits | Home Showings | Appraisals | Exurbs | Suburbs

Still building: Housing shortage will be with us for years to come

The U.S. is short more than 2 million homes as building activity still lags.

Nationwide home mortgage rates are near record lows. Employment rates are near record highs. And demand for housing is strong in most U.S. metro areas.  You'd think homebuilding would be booming.  But you'd be wrong.  Single-family home construction across the country and in North Texas is nowhere close to reaching the levels we saw before the Great Recession.  And homebuilding is likely to lag demand through the next three years, according to a new report by Zillow.

The real estate marketing firm and Pulsenomics surveyed economists, investment strategists and real estate professionals who said that home construction will remain below historic averages through at least 2022.  Zillow estimates that nationwide homebuilding has lagged by more than 2 million houses during the last decade.  In the Dallas-Fort Worth area, we're short more than 40,000 homes from where we would have been if builders could have kept up with demand.

"Without new homes to meet population growth and replace an aging housing stock, homebuying is expected to move further out of reach," Zillow director of economic research Skylar Olsen said in the report.  Zillow's findings are in line with what the National Association of Home Builders has been warning for the last few years — that builders can't produce enough houses.

In North Texas, the country's busiest homebuilding market, production for this cycle may have already peaked. Home starts in the area are down about 2,000 units this year from last year's peak, according to data from Residential Strategies.  While homebuilding activity may catch up a bit, don't expect a D-FW building surge, Residential Strategies principal Ted Wilson said.  "Even with the ultra-low mortgage rates restimulating the housing market, we are forecasting a similar flat market through 2020," Wilson said. "While the underlying demographics for D-FW remain very favorable, housing affordability continues to be the primary factor that controls for-sale housing growth."  In other words, not enough North Texas buyers can afford the new homes builders are able to construct.                                              

Dallas Morning News, September 13, 2019


DFW has half of the top 10 best U.S. home markets, including Frisco, Denton and McKinney

Frisco, Denton, McKinney, Carrollton and Allen were ranked among the best U.S. real estate markets by WalletHub.

Half of the country's 10 best real estate markets have something in common — they're all North Texas communities.  That's what researchers who prepared the 2019 Best Real Estate Markets report for personal finance website WalletHub found when they did their  annual survey.  Frisco, Denton, McKinney, Carrollton and Allen were all in the top 10 ranking for the nation's hottest home markets.  Denton came in at fifth place, and McKinney and Carrollton were number six and seven on the list.  Allen was number nine.




Wallet Hub, September 9, 2019



If Texas Was Its Own Country

  • 11th Largest Economy in the World – 1.6 Trillion annually – Greater than Russia or Australia
  • 29 million population – larger than Australia, and just under Canada in size
  • Tax Donor Status – Texas could pay less federal income taxes.  For every $1 we pay, the state only receives 94 cents in return
  • Energy – Texas is self-sufficient.  The US has three energy grids – West, East and Texas.  No other state is self-sufficient in Energy.
  • Could we secede?   No, the federal government has made laws against secession
  • BUT, Texas could legally divide into 5 states,  This was part of our constitutional agreement with the US when Texas was admitted as a state.  Then Texas could have 10 senators, rather than 2.   This could be done without the approval of the US Congress.

Interesting Facts, You Tube 2019 Protection Status
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 01/31/2023. The listing information on this page last changed on 01/31/2023. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of NTREIS (last updated Mon 01/30/2023 11:49:16 PM EST) or Permian Basin MLS (last updated Mon 11/21/2022 7:45:23 AM EST). Real estate listings held by brokerage firms other than RE/MAX DFW Associates may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --

Privacy Policy / DMCA Notice / ADA Accessibility

Login to My Homefinder

Login to My Homefinder