Texas metros made up 25% of the list of top single-family permit markets in 2012, put together by John Burns Real Estate Consulting and the U.S. Census Bureau.
These markets, which provide a perfect opportunity for homebuilders looking to capitalize on the market recovery, have a number of conditions that place them on the list.
All five of the Texas metros on the list saw double-digit percentage gains year-over-year of existing home sales.
The resale inventory in Houston, Dallas and Austin is below four months of supply, a drop that is inevitably due to the rise in demand. These Texas metros, like most, are experiencing pent-up buyer demand from buyers who waited to buy until after the economic downturn.
Read more...Texas markets boom for homebuilders | HousingWire
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