"Bigger lots mean bigger, higher-priced houses that price out first-time buyers. They also mean fewer new homes when the market needs more supply, as well as constraining homebuilders from optimizing their land purchases with greater density."
"Bill Ellison, the company's managing member, told The Builder's Daily that the communities are filled with working-class, first-time homebuyers. 100% they do not want working-class people out there, Ellison said."
"Abbott signed Senate Bill 15 into law to reduce minimum lot sizes to 3,000 square feet. That figure represented a compromise. Lawmakers originally sought 1,400 square feet, modeling what Houston has permitted since the 1990s."
Montgomery County is attempting to increase residential lot sizes after a previous reduction, citing a clerical error. Larger lots lead to higher-priced homes, limiting options for first-time buyers and reducing housing supply. County leaders are facing opposition from developers advocating for affordable housing. The state law signed by Gov. Abbott allows smaller lot sizes in larger cities, but Montgomery County is not included due to its population distribution. The upcoming public hearing may escalate the conflict over housing policies in the region.
Read at www.housingwire.com
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