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MetroStudy Report, Houston TX - 2011-12-12 - Builders in a New Home Survey conducted monthly by Metrostudy show home sales have improved 13 percent over the last year. The homebuilders surveyed in this report account for approximately 67 percent of the new single-family housing activity in the Houston market. While new home sales are up, finished new home inventory is declining. Finished new homes for sale have decline by 22 percent this year. With a brisk pace of home sales and falling inventory, new home shoppers have less from which to choose. Metrostudy credits the local economy’s job growth and robust population growth for the increase in new home sales.
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