21
FEB
The Houston land market has been hot for several years and 2022 was an exceptional year finishing 2nd in the nation issuing 47,633 single family permits and 28,153 multi-family permits for a total of 75,786 total residential permits. This is an all-time high for the Houston MSA dating back to 1988, but supported more by multi-family permits in 2022 than in a typical year. Single family home sales topped 95,100 homes sold, down 10.9% from 2021, but 36,500 new home starts helped make for an incredible year. Factoring in this year-over-year decrease, single family home sales for 2022 was $39.3 billion, but down only 1.5% from 2021 at $40 billion with steady home sale price increases for half of 2022.
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