Buying a home continues to be a good investment: It has a better rate of return than most other investments, and unlike stocks, a home provides shelter, a fundamental human need. Unfortunately, it is an investment that far exceeds the grasp of many Houston-area residents.
Over the course of about four weeks early in 2024, residents across Harris County were asked their opinions on a variety of topics as part of the Kinder Houston Area Survey. That includes a question that has been asked every year since the survey’s founding in 1982: “What would you say is the biggest problem facing people in the Houston area today?”
Preliminary data recently released by the U.S. Census Bureau indicated that the Houston metropolitan statistical area led the nation in building permit activity for housing in 2023, with 50,444 single-family homes making up the majority of the 68,755 permits issued for residential units.
A new national report suggests the Houston metro area is one of the worst in the country when it comes to affordable housing options for its lowest-income households.