Texas needs to build hundreds of thousands of homes to keep up with growing demand and curb high housing costs, according to a report from Texas Comptroller Glenn Hegar’s office.
Texas has had the most building permits issued for privately owned housing units since 2008. But building hasn’t kept pace with population growth, particularly in the state’s urban areas.
Texas needed 306,000 more homes as of 2023, according to one estimate cited in the report.
The median home price in Texas rose 40% between 2019 and 2023, the study found. D-FW has also felt the pressures of population growth and housing demand more acutely than other large Texas metros.
The price jump in Dallas-Fort Worth between 2020 and 2023 was higher — roughly 50%. In January 2020, the median price of a D-FW home was just over $267,000. Today, it has topped $400,000.
Hegar’s report is among the latest calls from top state officials for lawmakers to address housing affordability in Texas. Gov. Greg Abbott said in March that the “corporate large-scale buying of residential homes” should be part of the 2025 legislative session.
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