Houston Market Movements - Week of Jan 23rd

As housing starts to typically tail off at the end of the year, 2016 closed nationally as the best year for housing since 2007. Granted multifamily homes have been driving the increase in recent years, there is warranted optimism for new single-family home building in 2017.

  • New Listings increased 0.6% to 2,348
  • Pending Sales increased 26.5% to 1,646
  • Closed Sales decreased 18.0% to 899

Source: HAR