Soaring interest rates and rising construction put a lid on new home prices in Houston

December 22, 2022
HomesUSA.com

Both would-be homebuyers and home builders are taking a beating in the current market.

^{Al Ortiz | Houston Public Media}

Andrew Schneider, Politics & Government Reporter | Posted on December 21, 2022

The average price of a new home in Houston is leveling off, according to a report by Dallas-based real estate firm HomesUSA. But that price is still a long way from being affordable for the average would-be homebuyer.

The average price of a new home in Houston in November was $427,038, down from $429,205 in October.

The report points to a combination of rising inventory and slowing demand for the plateauing of prices in the Houston area. Much of the slowdown in demand stems from spiking interest rates…more

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Texas new home sales stable in October

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DALLAS, Nov. 21, 2024 (GLOBE NEWSWIRE) — While Texas new home sales remained steady last month for the combined four largest markets in Texas, home

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