March 3, 2014

Texas outpaces the nation in sales of new homes

Thirty percent of all home sales last year were new homes compared with 16 percent across the country. And more than 70 percent of home buyers were married couples.

Texas outpaced the rest of the U.S. in new-home sales in 2013, according to an industry report released Monday.

Of all the homes bought in Texas last year, 30 percent were new, a 4 percent increase from 2012, according to the 2014 Texas Home Buyers and Sellers report by the Texas Association of Realtors.

Nationwide, new homes accounted for 16 percent of all the homes sold last year, unchanged from 2012, the report said.

Association Chairman Dan Hatfield said the report shows “the impact of the last few years’ strong housing market and economic growth on Texas home buyers and sellers.”

The highest share of home buyers were married couples, the report said. In Texas, the number of married home buyers increased to 71 percent in 2013 from 69 percent in 2012. Nationally, 66 percent of the buyers were married couples, up from 65 percent in 2012.

But the percentage of first-time home buyers in the state last year was 33 percent, a decline of 2 percentage points from 2012, the report said. That compares with 38 percent in the U.S.

The report is based on survey data from the Realtors association.

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