The demand for housing in Texas continues to be evident. The Texas Association of Realtors recently published their annual Texas Homebuyers and Sellers Report (story here, report here). One nice part of the reporting is the contrast between Texas and the nation as a whole. For example, Texans report moving closer to family and friends as a motivating factor in moving at a higher rate than the national data. The Report also shows relatively strong data on household formation and market activity among Latinx consumers.

In West Texas, we continue to see strong demand against limited supply, with the expected consequences in raising prices and Months of Inventory. See LAR’s Market Snapshot, attached.

Our Movers Moving index came in at a seasonally solid 180 for August, further supporting a demand-side story.

See attached.