10 Best Home Builders in Texas

Texas is the second largest state in the US; its area is 268,580 square miles. Its population is also the second biggest with 27.86 million people. The state product is also the second in the USA: $1.63 trillion. This state has one of the lowest tax burdens in the country, with average resident income tax rate amounting to 8.4%. In addition, Texas is one of the seven states that don’t have a state income tax, although there are some property taxes. Texas’s economy depends on oil production, but agriculture also plays an important role as it has the highest agricultural acreage in the US and it generates the highest revenue from livestock and the second-highest revenue from agricultural products. Insidermonkey experts made a list of 10 best home builders in Texas.

The state tries to diversify its economy, so it generates the most wind power in the state, and what’s more Texas has the biggest wind farm in the world. But as its economy depends on oil, housing market here strongly depends on the barrel prices in the US. Oil prices decreased last year, consequently home prices in Texas did, too. In the Houston area, average price for a single-family home declined by 7.5% in December, 2015. Therefore home builders and sellers cut prices and gave more incentives for buyers. Beazer Homes USA, Inc. (NYSE:BZH); Hovnanian Enterprises, Inc. (NYSE:HOV); and Toll Brothers Inc. (NYSE:TOL). Beazer Homes USA, Inc. (NYSE:BZH) operates in Texas as part of its West segment, which also includes Arizona, California, and Nevada. During the fiscal 2016 (ended September 30), the company closed 2,508 homes in the region, the most across segments. You can also check our list of 10 Best Home Builders in California.