It is a sign of a strengthening economy. The real estate market is booming in Houston again. Last year, over 118,000 new jobs, the most in the nation, were added in the area, and Houston home builders are hard at work to meet the demand for new, modern housing. In areas like Bellaire and West University Place, demand for new housing is at an all time high and Houston home builders are busier than ever.
Houston home builders are actually scrambling to keep up with demand. Housing stock is already critically low, and there is not yet enough new home construction to meet the needs of the region. According to the latest census, Harris County’s population increased by over 80,000 people. This has precipitated a boom in the local real estate market, giving Houston home builders and Houston remodeling companies plenty of work to do. Corporate relocations are constantly bringing new workers into the area and local corporations, like Exxon Mobil are expanding rapidly.
To deal with this influx, Houston custom home builders are developing new areas throughout the region. It is expected that up to 27,500 new homes will be built in and around Houston this year, which should play a part in balancing the real estate market.
The market shows no signs of softening in the near future, and that means Houston home builders will be able to maintain a rapid pace of business. It also means people who move to Houston will reap the benefits of new development, with a broad selection of modern, energy efficient housing, built with the latest technology and materials, to choose from. From townhomes and condominiums in the urban core, to large luxury homes in the suburbs, Houston home builders will continue to build the region, and in doing so step up and help house this booming community.