ActivePaper Archive The bottom line - The Dallas Morning News, 2017-01-02

The bottom line

Picture
Picture
Picture

“I think starts will increase, but at a slower pace due to rising interest rates and diminishing affordability caused by rapid price appreciation over the past five years.”

Paige Shipp,

Metrostudy “The North Texas area likely will finish 2016 with about 30,000 new home starts. Had we not had such severe labor shortages, builders may have started as many as 35,000 new homes this year.”

Ted Wilson, Residential Strategies “Higher interest rates and record high home costs will pressure D-FW homebuyers in 2017 after several years of booming sales.”

Steve Brown, real estate editor, The Dallas Morning News