Mid Year Report

HOUSING
SALES



TEXAS TOTAL
HOUSING
SALES BY PRICE
COHORT



MAJOR
METRO TOTAL
HOUSING
SALES



MAJOR
METROS
NEW-HOMES
SALES

NATIONAL
HOUSING TREN

NDS

 With new trends in employment or a shift in
what millennials are looking for in a home
could be part of this change.

 Based on a 2018 study, it looks like
millennials are heading South and West.

 Texas saw an influx of 199,113 new millennia
citizens while Dallas is number one of cities
where millennials are moving to.

 This is due to Texas having favorable tax
laws, which could enhance the attraction
of millennials to Dallas and other
surrounding large cities such as Houston and
San Antonio

 Same goes for the work field of technology.
Dallas came in second as top cities in the
U.S. to work in the tech field while San
Antonio came in number seven.

al MILLENNIALS
IMPACT ON
STATEWIDE

d HOUSING
. MARKET

Source: “Where Millennials Are
Moving – 2019 Edition” via
Smartasset.com



TOP 10 STATES
WHERE
MILLENNIALS
ARE GOING

Texas is at #2

New single-family home construction has no
recovered near its record highs in the 2004-2
period. They are barely above one half of th
level.
Boomers are at the age where they desire to
downsize, but with little inventory available a
affordable price they usually sit on their hom
until opportunities come along.
Millennials and Gen Z want entry-level housin
to begin their journey to a life of homeowne
with of course little inventory to meet their
needs.
Communities, towns, and counties have turn
bearish against home building and growth d
to crowded streets, parks, and other amenit
Construction is at a record low just as
employment and new household formation
reaching record levels in those same locatio

ot Missy’s Comments:
2005
hat The bottom line is that unless (and
o until) government reduces the cost
at an and complexity of new-home
mes construction and the cost to build
ng reigns in, which would ease the many
ership bottlenecks blocking such
construction, there’s little way the
ned housing market will change from its
due current condition.
ties.

are
ons.

THE WHI

For the past 40 years whe
factors pointed the same
they are now, housing sa
off. Now, with every facto
housing, we see month-o
declines in existing home
flatness in the new home

IP

en any of these
e direction as
ales would take
or in favor of
over-month
e sales and
e sales segment











NEW HOMES

SALES IS VITAL

TO KEEPING
THE SUPPLY



HAS
CLIMBED

THIS YEAR

OVER 2018



DOWN
FROM

PREVIOUS

YEARS



TEXAS IS STILL
STRONG

WITH THE 55+



MEXICO IS
DOWN.

CHINA IS UP
AS WELL AS
CANADA

NATIONAL COMME
TRENDS

ERCIAL



SAN ANTONIO

IS STILL

STRONG FOR
GROWTH