Texas leads the nation in new single-family rental construction

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1. Texas leads the nation in new single-family rental construction

According to a report by Point2Homes, over 110,000 single-family rentals (SFR) are under construction and Texas is leading the way with 21,812 houses for rent in different stages of the construction process.

With occupancy levels at 95% nationwide, existing build-to-rent inventory is expected to increase by more than 50% as projects are completed, the report said.

Dallas leads Texas in build-to-rent (BTR) single-family homes with 8,470 units under development. Houston follows with 4,613 units, Austin with 4,313 units, and San Antonio with 2,994 units.

Top 20 states with most units in the construction pipeline

2. Texas broker updates her antitrust lawsuit against NAR

Texas real estate broker Luz de Amor has updated her antitrust lawsuit against the National Association of Realtors (NAR), alleging she was “forced” to pay dues for inactive agents in order to comply with the trade group’s membership rules and maintain access to her local multiple listing service.

On Thursday last week, Luz filed her third amended complaint in the case alleging NAR, the Texas Association of Realtors, the Wichita Falls Association of Realtors and the Wichita Falls Association of Realtors MLS “have engaged in monopolistic practices that unlawfully restrict competition in the real estate market by requiring brokers to join multiple associations as a precondition for accessing MLS services.”

3. Catch up quick

🏡 Tarrant County is taking a different approach to homestead exemption. (FOX4)

📈 Home prices gained further toward the end of 2024. (S&PGlobal)

⏳ Fed pauses rate cuts, will 'wait and see' on Trump policies. (CNN)

⚖️ Judge grants delay in Texas Capital Bank (TCB) suit against Ginnie Mae. (SBargdill)

🌊 Google Maps to show “Gulf of America” to U.S. users. (Axios)

🌆 Fun read: Survey: Houston has the most iconic skyline in Texas. (Slingo)

4. AI usage is becoming the new standard for most brokerages

According to a new survey on artificial intelligence (AI) released by Delta Media, nearly nine-in-ten real estate brokerage leaders reported that their agents are actively using AI tools, representing a 7% increase in adoption from last year.

The survey shows that AI is now widely used in real estate. As adoption grows, concerns about AI risks have eased. The number of leaders who are 'very worried' about safeguards has dropped by eight percentage points since 2024.

Real estate leaders rated AI’s current importance to the industry at 5.9 out of 10, up from 5.0 in 2024. They expect AI’s future importance to rise to 7.2 out of 10.

5. Mapped: Salary needed to buy a house in every state

According to a report by Realtor.com, the typical U.S. household must earn $118,530 annually to afford the median home, yet the median household income is only around $77,700.

The household income required to buy a home in every state

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