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Texas Leads in Home Permits Amid Debt Crisis

2/12/2025

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Summary

Story summary

In 2024, Texas surged ahead in new home permits, claiming 15% of the national total with just 9% of the population. As it gears up to become the most populous state by 2045, the promise of affordable housing and job prospects beckons. Yet, many Texans grapple with soaring non-mortgage debt, especially in bustling cities like Austin and San Antonio.

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Story summary

In 2024, Texas surged ahead in new home permits, claiming 15% of the national total with just 9% of the population. As it gears up to become the most populous state by 2045, the promise of affordable housing and job prospects beckons. Yet, many Texans grapple with soaring non-mortgage debt, especially in bustling cities like Austin and San Antonio.