Thursday, July 24, 2014
Texas tops nation for new home sales
Texas’ new home market is significantly outpacing the rest of the nation, according to a new report by Metrostudy Inc.
During the 12 months ending in June, builders have sold 33,177 new houses in Texas, the most of any state.
Florida was second with 19,416 sales followed by California at 14,280.
Builders are reporting that in some markets sales are slower and are taking longer to closed.
“In June, and so far in July, we are back to a situation where home shoppers are shopping but a relatively small proportion of them are actually buying,” Metrostudy’s Brad Hunter said in a new report. “This is explained in some cases by a long lead time (people taking longer to make a decision), and in other cases by a complete reluctance to buy.”
Hunter said “hot markets are keeping sales up in some states,” including Texas.
Metrostudy reports that Dallas-Fort Worth new home sales were up about 7 percent in the second quarter compared to the same period last year. And for the first six months of 2014, new home sales in the area are up about 10 percent from the previous year.
Steve Brown- Dallas News