September 5, 2017
The state of Texas has had a tight housing market, as the country’s largest homebuilding market, builders and construction workers were struggling to keep up with demand. Added to the strain, will be calls for housing to replace the devastation left by Hurricane Harvey.
“There was not very much extra capacity in the construction market, and now there will be higher strain to repair and replace what got damaged,” James Gaines, chief economist with the Real Estate Center at Texas A&M University told the Dallas Morning News.
Furthermore, after previous Texas hurricanes, laborers from Mexico and Latin America assisted with cleanup. However, the ramping up of border security, combined with a stronger Mexican economy, means those people might not be coming across the border to help out.
