Housing Starts Surge
Metrostudy reports that housing starts in Houston surged last year. Up 18% from last year, Houston area builders constructed 48,000 homes in 2005. In a Houston Chronicle article, Metrostudy's president Mike Inselmann predicted that the industry will maintain those numbers in 2006 even if we see 7% interest rates. If his assumption is correct, then I think it will be a good year for homebuilders. This of course will be contingent on continued economic growth in the Houston area. Let's hope the energy prices hold strong, and our friends at the Greater Houston Partnership can get some big relocation wins this year.
posted by Vincent Biondillo @ 9:14 AM
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