On average, 5,766 Houston home permits are being issued every month in 2023, according to Chamber of Commerce. Two other Texas metro areas landed in the top 10.
analysis discovered that despite new home permits being down over 20 percent year-over-year from 2022, Houston's housing market is still on the rise.
"Numerous factors such as limited inventory in the existing home market, high mortgage rates, and supply chain issues have created a bottleneck for new home construction," the report's authors said. "It remains to be seen whether new home construction will catch up with the current demand, but it's clear that some cities are experiencing a building boom when it comes to new homes.
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