Houston home starts barely keep pace with prior year’s





 Photo: Nancy Sarnoff / Houston Chronicle

Photo: Nancy Sarnoff / Houston Chronicle



photo




Photo: Nancy Sarnoff / Houston Chronicle


Photo: Nancy Sarnoff / Houston Chronicle




Houston home starts barely keep pace with prior year’s

Houston held its spot as the No. 2 market nationwide for new home starts in the third quarter, according to a new report from Metrostudy.

Builders started 29,435 single-family homes across the region in 12 months ended Sept. 30, about 1 percent more than the same period a year earlier.

Annual starts were focused on homes priced in the $200,000 to $300,000 range, up 6.1 percent over last year.

Houston’s luxury home market also saw an increase over last year with 456 new home starts, up 16.6 percent.

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The current cycle appears to have peaked in the fourth quarter of 2014 and volume this year could be down from 2018, Metrostudy said.

Earlier this year, the residential real estate consulting