DALLAS, Feb. 22, 2017 /PRNewswire/ -- Prominent real estate authority, Marcus Hiles provides his thorough analyses on the Lone Star State's property sector as he looks into the demand for residential dwellings throughout the urban settings of Texas. The latest U.S. Census Bureau figures indicate that the population of Texas is growing astronomically, adding 1,183 residents on a daily basis throughout 2016. That is equivalent to a gain of 432,957 residents for the year. Housing starts have failed to keep up, delivering just 30,000 units in 2016. Simple math reveals a severe shortage of available options, leaving approximately 402,957 residents without a place to live, unless, of course, they have secured a new address with one of the recently completed communities like the exceptional homes built by Hiles' firm, Western Rim, in key Texas growth centers.
When Marcus Hiles launched Western Rim Properties three decades ago, he envisioned to create communities that residents would value for their posh interior features, outdoor entertainment components, recreation amenities, and proximity to open space. Once dependent on oil, the Texas economy has diversified, inviting a wide range of businesses due to its advantageous tax structure, affordable housing, and shared border with Mexico. Bloomberg elaborates, confirming that "Harris County, a global hub for the energy industry, has added more than 440,000 people since 2010 with annual increases averaging 2 percent over the past five years," independently growing at a remarkable rate despite the decreasing oil prices. Additionally, corporate jobs with AT&T, American Airlines, and similar organizations have added 186,000 positions in the same time frame within the Dallas area alone.