0600 ET - Texas is constructing more houses than any other state in the U.S., Realtor.com reports, highlighting the Lone Star State's appeal to newcomers, driven by housing, jobs, and climate. More than 25% of home shoppers are from out of state, with significant migration from California and internationally. Texas leads in new home permits, accounting for 15% of the 2024 U.S. total despite representing only 9% of the population. The state excels in affordable housing, with new homes shrinking by 5.3% since 2020 to 2,073 square feet, compared to a 3.6% national reduction. Texas's median home price of $360,000 in December 2024 remains $40,000 below the national median. Affordability challenges remain, as 51% of Texans earn under $75,000 annually, with only 17% of homes affordable to them. (chris.wack@wsj.com)
(END) Dow Jones Newswires
February 06, 2025 06:00 ET (11:00 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。