Tuesday
October 21, 2014

Texas Leads in New-Home Sales Nationwide

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Texas Leads in New-Home Sales Nationwide

Texas outpaced the rest of the 50 states in new-home sales in 2013, according to the 2014 Texas Home Buyers and Sellers Report, which is produced by the Texas Association of REALTORS®. Thirty percent of all Texas homes purchased in 2013 were new homes, a 4 percent increase from 2012. That is also nearly double the share of new-home sales among all U.S. home sales during that time period, according to the report.

“Households are earning more income, and new-home development continues to play an increasingly important role to meet our state’s ever-increasing housing demand,” says Dan Hatfield, chairman of the Texas Association of REALTORS®.

Texas home buyers had a median household income of $91,700 in 2013, up 9.6 percent over 2012. That also is nearly double the increase in median household income among home buyers nationwide, which rose 5.6 percent to $83,300 during that time period.

Source: “Texas Outpaced U.S. in New-Home Sales,” Times Record News (Wichita Falls, Texas) (March 4, 2014)

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