Texas

May was a record-setting month for the housing market both in the city of Austin and Central Texas as a whole, the Austin Board of Realtors said.

New-home sales in the Houston area rose for the fourth straight month in May, but the market could be tightening as the number of pending sales continued to decline, a new report showed.

The Houston housing market logged another solid month in May as buyers closed on 8,346 homes, up 2.8% from a year ago, new data shows.

North Texas home sales gave their best showing of the year in May.

The rise in home prices in North Texas has pushed home foreclosure rates to some of the lowest levels ever recorded.

The price of a new home in Houston rose slightly in April, while the number of pending new-home sales dropped in Houston and other large Texas metros.

Single-family home sales across the Houston area were up 7.8% in April, the third straight monthly increase and the biggest gain so far this year, according to the Houston Association of Realtors.

Dallas-Fort Worth is still the country's top homebuilding market.

Lubbock, Texas, recently ranked in the top 100 cities where owning a home is the most affordable.

With strong housing demand continuing in Central Texas, new home starts increased almost 7% in the first quarter compared to the first three months of last year, according to new industry data.