The Eagle Ford housing market has driven investment in hotels, man-camps, RV parks, and to some extent apartments. The one thing missing is permanent homes. An article addressing the topic was published yesterday in the Chronicle. Read more at chron.com
Builders are largely risk averse and will take their time in moving into the more rural parts of South Texas. The boom and bust nature of the oil business combined with the long development times of neighborhoods has many apprehensive.
“If it’s going to take seven or eight years, you’re reluctant because you don’t know what’s going to happen with the play,” he said. “Not until people feel like there’s going to be economy stability will there be home building.”
I’ll say this. Money talks. As the 50,000 workers in the region begin building savings and preparing to buy homes, you can bet the builders will step in.