February 2016 H OUSING N EWS R EPORT

new home construction. New home building permits for the Houston metropolitan area reached 57,262 in 2015, down 11 percent from the 63,741 permits recorded during the same period in 2014, according to the latest Census Bureau data. It’s the first drop in new home building permits since 2008. The recent loss of higher-paying energy jobs may have triggered the new home building pullback. Jacci Kilgore, a Realtor with Jacci and Company in Houston, Texas, said seasonal fluctuations in sales and building patterns accounted for the recent housing pullback. Kilgore pointed to Houston’s growing number of corporate relocations, business-friendly environment and tax advantages, which are attracting corporate relocations. “The primary factor that affects the Q4 numbers is corporate relocations,” said Kilgore, referring But not everyone is worried.

to the seasonal slowdown in relocations in the winter months. “To take that in isolation is not fair.” Kilgore, whose works in the north Houston planned community of The Woodlands, a 28,000-acre development with office, retail, medical and residential space near the newly built 385-acre Exxon Mobil corporate campus, said the growth of healthcare, international trade, foreign home buyers and continued in-migration from other states would offset any job losses in the oil and gas industry. She said everyone is looking at Texas for opportunities, quality of life and affordability, and Houston is off the charts for every one of those items. “Here in The Woodlands, we have two new hospitals being built,” said Kilgore, pointing to the bustling growth of north Houston. “We have yet to see major layoffs. We see

Jacci Kilgore Realtor Jacci and Company Houston, Texas

“ We have yet to see major layoffs. We see some. But I think we’re not seeing huge layoffs. We’re not the city we were in the 1980s. ”

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Metro Houston, Texas THREE FOR SALE

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WHAT: 6-bedroom home HOW MUCH: $2,995,000

WHAT: 5-bedroom home HOW MUCH: $795,000

WHAT: 4-bedroom home HOW MUCH: $399,000

Stunning waterfront estate by Tuscany Homes in gated, country club community of Bentwater. Designed to entertain young and old alike with spectacular infinity-edge pool, wine room, billiard and gameroom, media room, plus 2 slips and 4 jetski lifts. Agent: Jacci Kilgore, Jacci and Company, (832) 771-7400, http://www.jacci.com/.

Beautifully updated custom home in The Woodlands with pool and spa in fabulous Panther Creek location. Numerous updates and improvements, including all flooring, lighting, granite, paint, hardware/fixtures, remodel of all 3 baths and custom shutters throughout. Agent: Jacci Kilgore, Jacci and Company, (832) 771-7400, http://www.jacci. com/.

Located in The Woodlands, this stunning Southern Coastal style townhome has unobstructed water views in East Shore. Multiple balconies for outdoor living, extensive hardwood floors, crown molding, plantation shutters and custom shades, and high ceilings. Agent: Jacci Kilgore, Jacci and Company, (832) 771-7400, http://www.jacci. com/.


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