Texas Housing Market Could Be Getting a Major Change

  • 📰 Newsweek
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 52%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Some lawmakers are considering reforming regulations to encourage the construction of more homes.

Texas lawmakers are exploring reforms of zoning laws in cities, a move that could unlock the construction of more homes, improve the supply of houses available for sale, and reduce prices in the future.The Lone Star state had experienced significant activity during the pandemic as workers from other parts of the country flooded the area, increasing demand for homes and pushing up prices.

'We want to have good policies that encourage development in order to lower prices,' Vasut was quoted as saying by the newspaper. 'And the best way to do that is to get the government slightly more out of the way so that the free market takes off and provides a good product at a lower price.'Newsweek contacted Vasut for comment via email on Friday.Polls suggest that Texans are amenable to changes that could encourage more building.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 468. in UK
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Housing Market Update: Are Sellers Returning to the Market?Listings jumped in February to their highest levels in more than a year, according to Redfin on Friday.
Source: Newsweek - 🏆 468. / 52 Read more »

Can Biden and the Federal Government Fix the Housing Market?See multiple perspectives from National Review (Opinion), Daily Beast, and New York Times (News) at AllSides.com.
Source: AllSidesNow - 🏆 572. / 51 Read more »