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Finding Shelter: Affordability Squeeze in a Tight Texas Housing Market

February 23, 2018 Dallas Fed

Sponsored by the Federal Reserve Bank of Dallas and the Real Estate Center at Texas A&M University

Texas home price increases have outpaced the U.S. rate since the Great Recession. Although price appreciation moderated somewhat in 2017, affordability continues to slip, diminishing the state’s lower cost-of-living advantage. Is it still possible to build or purchase a Texas house for under $250,000? What impact do these record-high prices have on the single-family housing market?

At this one-day conference, industry experts will explore whether market fundamentals support unprecedented home price increases. They’ll also discuss current trends and the outlook for the U.S. and Texas residential real estate markets.

When

  • Friday, February 23, 2018

Where

  • Federal Reserve Bank of Dallas
    2200 N. Pearl Street
    Dallas, TX 75201
  • Directions

Registration

Agenda

February 23, 2018
8:30 a.m.

Welcome and Opening Remarks

 

Joseph S. Tracy, Executive Vice President and Senior Advisor to the President, Federal Reserve Bank of Dallas

8:45 a.m.

Session 1Overview of Economy and Housing Markets

 

John Duca, Vice President, Federal Reserve Bank of Dallas

 

James P. Gaines, Chief Economist, Real Estate Center at Texas A&M University

 

Enrique Martínez-García, Senior Research Economist and Advisor, Federal Reserve Bank of Dallas

10:15 a.m.

Break

10:30 a.m.

Session 2—Housing Construction Supply and Financing

 

David Long, President, Texas State Affordable Housing Corporation

 

Paul A. Lynn, Principal, Paul A. Lynn & Associates LLC

 

Jeffrey V. Smith, Executive Director, Houston Housing Finance Corporation

 

Greg Willett, Chief Economist, RealPage Inc.

Noon

Lunch

 

Granger MacDonald, President, MacDonald Cos., and Immediate Past Chairman, National Association of Home Builders

1:30 p.m.

Session 3—Are Homes Overvalued in Texas?

 

John S. Baen, Real Estate Professor, University of North Texas

 

David Brown, Senior Vice President, Metrostudy

 

Luis Torres, Research Economist, Real Estate Center at Texas A&M University

3:00 p.m.

Closing Remarks

 

Gary Maler, Director, Real Estate Center at Texas A&M University

3:10 p.m.

Adjourn

For More Information

Please contact Sharon Wallace at sharon.wallace@dal.frb.org.

Media Contacts