Texas housing markets are showing up again as stellar performers in the national housing market statistics. This time it involves new home construction. According to the Hanley Wood Market Intelligence Report, many Texas MSAs scored well above 50 out of 100 with 50 being the minimum to be considered a healthy market.
Here are some highlights:
Austin-Round Rock - 86.5, (second in the nation)
Houston-Sugar Land-Baytown - 77.3,
San Antonio - 75.6,
Dallas-Fort Worth-Arlington - 70.7
El Paso - 65.8.
Killeen-Temple-Fort Hood - 54.5
McAllen-Edinburg-Mission - 54.5.
The Hanley Wood index weighs housing conditions in the 100 largest home building markets based on the 2011 outlook for six key variables most associated with strong home sales. Those include unemployement rate, change in unemployment numbers, home price appreciation, household growth, job growth and median income growth.