Although we haven’t seen much in the way of new construction here in South Padre Island and Port Isabel, we are observing a boom in Texas. Houston, Austin, etc. It will be a trickle down effect for us. We hope our inventory keeps declining and we start to see new construction within the next year. It is still a really good time to buy here because we still have lots of inventory and lots of motivated sellers. This is the time that we look back and say, “I sure wish I had bought then.”
Here is an article from our National Association of Realtor’s magazine about builders: Builders Build at Fastest Pace in 4 Years | Realtor Magazine.