Eagle Ford Could Boost SA New Home Starts

Published on January 17, 2012

"Demand for housing related to the Eagle Ford Shale production will help San Antonio home builders and spur residential development." - Teresa L. Corbin, CCIM, Principal, Endura Advisory Group

EAGLE FORD COULD BOOST SA NEW HOME STARTS

RECON - Real Estate Center Online News - January 16, 2012

SAN ANTONIO (San Antonio Express-News) – It's been a rough ride for the Alamo City's housing market since 2006, when area home starts hit a high of more than 19,000. But that could be about to change, especially with a little help from the Eagle Ford Shale.

Speaking to more than 500 industry insiders last Friday, Adam Haynes with Chesapeake Energy Corp., encouraged local builders to build homes in South Texas counties.

He said drilling activity in the Eagle Ford Shale has stressed the housing market and led to $2,000-plus monthly rents, so homes are needed.

The San Antonio Express-News reports that area home starts in 2012 are expected to be at least 10 percent above what they were in 2011, when builders started 6,843 homes. This will mark the first double-digit bump for the industry since 2006.

 

 
Back to Blog