It requires a little bit of courage in this bearish economy to share optimistic views about any U.S. housing market, but Mark Dotzour with the Real Estate Center at Texas A&M University is doing just that.
Dotzour says the Lone Star State is finally walking down the trail of a housing recovery. Texas single-family building permits in the first four months of the year shot up 17.9% over the same period a year earlier, the Real Estate Center concluded.
While Dotzour expects the housing recovery in Texas to be gradual, he feels confident enough to suggest "homebuilding has apparently turned a corner" in the state.
Read more...Texas A&M: Lone Star State housing recovery under way | HousingWire