According to Jim Gaines from the Real Estate Center at Texas A&M University, the population of Texas is anticipated to increase to 30 million by 2050, a gain of nearly 120 percent, which will require 10.5 million additional housing units. The Dallas-Fort Worth area is expected to grow 163 percent to 16.8 million by 2050, and the greater Houston area will increase more than 143 percent to nearly 15 million. Rich Thomas, CEO of the MetroTex Association of Realtors, tells HousingWire many corporations are moving to the state, adding that the Great Recession did not hit the state as hard as many other parts of the country. He says, “We have such a diverse industry that people can come from virtually any kind of job opportunity and have places to work.” As MHProNews knows, Texas continues to be the monthly leading shipment state for manufactured homes.
(Image credit: city of Pecos, Texas)