Texas lawmakers are facing the challenge of rising home costs as the state experiences rapid population growth. The once-affordable housing market is becoming increasingly strained, prompting concerns about Texas losing its competitive edge. Lawmakers are expected to explore solutions like building more homes and addressing local regulations that hinder housing development.
Texas lawmakers are expected to debate how to curb rising home costs this year as the state continues to grow. Celina in North Texas is one of the fastest growing in the United States. Buying or renting a home in Texas used to be relatively cheap. Amid the state’s economic boom, its once-celebrated housing affordability has slipped.— who worry that Texas could lose its competitive edge with other states if it doesn’t get a handle on home prices and rents.
Here’s how Texas lawmakers may address housing costs when the Texas Legislature returns to Austin later this month — and how the debate could unfold.according to a recent estimate by housing policy organization Up For Growth . That deep shortage, housing advocates argue, drove up home prices and rents as the state’s economy boomed and competition increased for a limited supply of homes — even though Texas builds more homes than any other state. State lawmakers must find ways to address that shortage, real estate experts and housing advocates warn, if they want to keep housing costs in check as the state grows. “Our population is going to continue to increase in the next 30, 40 years,” said Scott Norman, Texas Association of Builders CEO. “All of those people have to live somewhere.” State lawmakers, backed by a coalition of outside groups that span the political spectrum, will likely look for ways to build more homes and put a dent in the shortage. One avenue they may go down: addressing local regulations that critics say prevent the state from adding enough homes to meet demand.Cities restrict what kinds of homes can be built and where using rules called zoning regulations. Research shows those rulesbut those ideas went nowhere “The starting point is to make sure that we don't have obstacles like regulatory issues and local government that are making things worse,” said state Se
Housing Costs Texas Legislature Zoning Regulations Home Shortage Affordable Housing
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Texas Shelters Brace for Coldest Weather, Lawmakers to Tackle Housing CostsHouston shelters prepare for extreme cold, while Texas lawmakers plan to address rising home prices and rental costs during the upcoming legislative session.
Read more »
Texas Legislature will take on bread and butter issuesTexas lawmakers could tackle improving the state’s infrastructure and adding safeguards to artificial intelligence.
Read more »
Texas Rising: A Post-Alamo Look at the Texas RevolutionThis History Channel miniseries explores the events following the Battle at the Alamo, focusing on the Texas Revolution and the birth of the Texas Rangers.
Read more »
Texas Left Tackle Kelvin Banks Jr. Receives SEC Jacobs Blocking TrophyThe junior offensive lineman garnered the honor of being the first Longhorn to take home the trophy for the best blocker in the league.
Read more »
Texas Longhorns To Host Big Ten Defensive Tackle Transfer Cole Brevard For VisitThe Texas Longhorns are set to host Purdue transfer defensive tackle Cole Brevard on Friday.
Read more »
State agency to ask lawmakers for $300M to fix 'significant neglect' in Texas’ Medicaid enrollment systemThe request, which includes hiring more staff and updating the online application system, comes as applicants must wait for months to receive approval for benefits.
Read more »