Texas housing market likely to outdo U.S. as a whole, economist says
Monday, October 1st, 2007While Texas has so far escaped the worst ravages of the housing bust, the state won’t be totally unscathed by mortgage problems and overbuilding, a top economist warns.
David Seiders, chief economist with the National Association of Home Builders, said the housing downturn “has made its way to Texas.”
“The same pattern is developing as in the U.S. housing market – but later and not as severe,” Mr. Seiders told builders meeting in Grapevine on Friday for the Sunbelt Builders Show.
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