
Texas homebuyers were more likely to buy new homes compared to the rest of the nation in 2014, showing strong demand for residential construction that could trend into 2015, according to the Texas Association of Realtors.
The 2015 Texas Homebuyers and Sellers Report found 28 percent of homes purchased in the state during the 12-month period ending in July 2014 were new homes. Despite the slight drop in the percentage of new home purchases in Texas, the state still sold almost double the amount of new homes compared to all U.S. home sales in the same period.