During the Great Recession, home builders cut production sharply as did the firms that produce the materials used to construct homes. Now that the housing market is recovering, tight supplies are driving prices up. This upward trend should be temporary.
Between 2010 and 2030, Texas' population will grow by 120 percent. Some 50 percent of that increase will be from people moving from other states or countries. Those 65 and older will increase by 259 percent.
The future of Texas' water supply lies with 16 regional water planning groups, each of which is responsible for evaluating the needs of the region, monitoring supplies, planning strategies to conserve water and finding new sources of water. A statewide water plan is compiled from the regional reports.
In 2012, 68.1 percent of Texas jobs were concentrated in Dallas-Fort Worth-Arlington, Houston-Sugar Land-Baytown, San Antonio-New Braunfels and Austin-Round Rock-San Marcos. Higher oil prices gave petroplexes Odessa and Midland the highest employment growth rates in the state.
Today's manufactured housing is energy efficient. Buyers, most of whom are focused on affordability, have the option to pick and choose among a wide array of efficiency options.
Commercial real estate, particularly the office and retail sectors, continues to embrace green building. Despite higher construction costs, owners and tenants are reaping rewards in the form of higher occupancies and lease rates, higher resale values and employee recruitment and retention.