Major Expansion In Small Town Good or Bad for Prices

[Jerel Davis]

I just bought a large (soon to be) duplex conversion in Sealy, TX and learned there’s a huge amount of proposed housing developments in the coming years with at least 547 new single family homes ($160k+) and 300 apartment units from various builders, but only 6,500 people last I checked. One just broke grown maybe a month ago for 96 (900sqf) units.

What do you think will happen to housing prices with all the new construction in this small city?