Houston Market Movements - Week of Oct 3rd

Across the U.S., an increase in builder confidence could indicate an increase in construction starts in the near future, which would be great news in a time of continued supply constriction. As rents and sales prices throughout the country continue to rise, adding purchasable housing to the market mix over more rentals would help alleviate the inadequate inventory situation and potentially ease affordability for prospective buyers.

• New Listings decreased 0.4% to 2,411

• Pending Sales increased 24.4% to 1,842

• Closed Sales decreased 17.5% to 1,434