Update on TX economy-first hand knowledge

[Rich Weese]

I have a subdivision in So TX, Brownsville/Mcallen area. This is almost in Mexico. I decided to ramp up a couple months ago and build 4 models and get after it. First model is sheetrocked and others following in step. On thursday, accepted a contract on one of the madel homes. Yesterday, 2 more contracts received. One of the models and one is a build job.
I don't know if the buyers are Mexicans moving their funds to U.S., but I do know there is a lot of that. Homes are median priced homes, 1400 to 1900 sq ft. The ones yesterday were 132K, 139K and 149K. I'm UNDER 100K in lot and home costs on each. Fully fenced , landsacped and overall, nice accessoried homes. This was a very good week for TX.
I'm also 100% full on all sfrs, so I'd say TX is doing just fine. Rich