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Home    Education    Legislative    Publications    Calendar    Sunbelt Builders Show    Resources Jan. 7, 2014

TAB News Briefs
Jan. 7, 2014
TAB Quick Links >    Home     Education     Legislative     Publications     Calendar     Sunbelt Builders Show     Resources

Texas Association of Builders' HOMEPAC endorses David Dewhurst for Lt. Governor
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HOMEPAC, the political action committee of the Texas Association of Builders, announces its endorsement of incumbent David Dewhurst in the upcoming race for Texas Lieutenant Governor. Robert Wood, Chairman of the HOMEPAC Board of Trustees said, "In his ten years as Texas Lieutenant Governor, David Dewhurst championed policies and actions that provided a stable foundation for our state's growth and made the Texas economy second to none. HOMEPAC is proud to endorse David Dewhurst for Lieutenant Governor, and we look forward to four more years of his leadership and support in making the dream of homeownership attainable for Texans now and for years to come." More

2014 Star Awards Call for Entries
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The Texas Association of Builders (TAB) is now accepting submissions for the 2014 Star Awards. The highly-coveted Star Awards are given annually to recognize excellence in all areas of the home building industry. Participation is restricted to builders, remodelers, developers and associates who are members in good standing with the Texas Association of Builders. Individuals, products and advertising/promotional entries will be judged only if they were built, marketed or employed between Jan. 1, 2013 and March 28, 2014. More

What's ahead for 2014 housing market
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The housing recovery hit high gear in 2013 with bigger than expected price gains and solid home sales. This year isn't likely to be as exciting. Rising mortgage interest rates will price out some potential buyers. Instead of double-digit price gains, look for single-digit ones, economists say, while existing home sales remain at last year's level. More


Austin area's 2013 home starts hit 6-year high
Austin American-Statesman    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Central Texas builders started construction on nearly 9,400 homes last year — the highest level in six years, Metrostudy's latest figures show. The 9,379 starts marked a 17.5 percent increase from 2012, when builders started 7,981 houses. The 2013 starts were the most starts for a calendar year since 2007, when builders started work on more than 12,400 houses. More

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Texas population grows quickly, Census data shows
Austin Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The population in Texas is well on its way to 27 million, according to new estimates released Monday by the U.S. Census Bureau. The bureau's 2013 estimate for the Texas population is 26,448,193, which is up more than 1.3 million from the 2010 Census figure of 25,145,561. More

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Home starts expected to jump in 2014
San Antonio Express-News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Expect an uptick in housing starts this year following modest gains in 2013. The San Antonio area could see 9,000 home starts this year, a nearly 8 percent increase compared to last year, according to estimates from housing research firm Metrostudy. More

The Texas trifecta: Growth in jobs, population and pay
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
How 'bout this bottom line: Income is growing in Texas, too. Texas often gets slammed for having so many minimum-wage jobs. The description fits. Only Idaho had a higher share. But that's not half the story. More

Which US states are booming, in 4 charts
The Washington Post    Share    Share on FacebookTwitterShare on LinkedinE-mail article
The housing markets in Oregon, Texas and North Dakota are booming, and residents are fleeing Northeastern states in droves. At least that's the story one can glean from Atlas Van Lines. The company issued its annual report Thursday that shows a snapshot of where people rented their moving equipment, and where they ended up. Significantly more traffic was headed into eight states and the District of Columbia, while more people moved out of 11 states, the data show. More

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Luxe home buys boomed in North Texas last year
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
High-priced home sales soared in Texas and the Dallas-Fort Worth area in 2013, the Texas Association of Realtors reports. Sales of houses priced over $1 million rose by 22 percent in the DFW area in 2013 compared with 2012. More than 800 luxury residential properties were sold by Realtors in North Texas in just the first 10 months of the year. More

Construction spending: Strongest pace in years
USA Today    Share    Share on FacebookTwitterShare on LinkedinE-mail article
U.S. construction spending rose in November at the strongest pace in more than four years, driven by solid gains in home construction and commercial projects. The Commerce Department said construction spending increased 1% in November to a seasonally adjusted annual rate of $934.4 billion. That's the fastest rate since March 2009 and a slight improvement on the revised 0.9 percent gain in October. More

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Apartment rents rising as vacancies drop
ABC News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Rents are rising and apartment vacancy rates are falling across the country. The latest report by Reis, the real estate research firm, says the vacancy rate fell to just 4.1 percent in the fourth quarter of last year — the lowest since 2001. The results offer little relief to renters, who have seen rents rise at a faster rate than wages or inflation. Landlords charged 3.2 percent more in 2013, but the increases were higher in some parts of the country. More

Dallas-area home price gains hit new high in Case-Shiller report
The Dallas Morning News    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Dallas-area home prices continued to rise at record rates in October compared with a year ago. Prices of pre-owned homes were up 9.7 percent from October 2012 in the monthly Standard & Poor's/Case-Shiller Home Price Index. The annual price increase was the greatest such gain for Dallas in the history of the closely watched housing barometer. More

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Home builders branch into home lending
MarketWatch    Share    Share on FacebookTwitterShare on LinkedinE-mail article
Before they have even sold a new home to prospective clients, home builders are directing buyers to their financing arms that have been rolling out generous terms on jumbo mortgages over the past year. Perks include longer interest-rate locks, which is the period borrowers can keep the same rate for until they get the loan, and relatively low down-payment requirements. More

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Texas sees fewer distressed home sales year-to-year
San Antonio Business Journal    Share    Share on FacebookTwitterShare on LinkedinE-mail article
October was a good month for Texas' housing market, according to the latest report by Irvine, Calif.-based CoreLogic. Over the 12 months ended Oct. 31, 2013, a total of 494,277 homes were sold in Texas. This figure marks an 11.7 percent increase from the number of homes sold over the same month in 2012. More
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TAB News Briefs
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