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The same house costs $500,000 more to build in California than Texas

The same house costs $500,000 more to build in California than Texas

“The housing shortage has resulted in home prices that are more than 2.4 times higher in California than in Texas and 2.2 times higher than in Florida,” writes Reeb. “Half of California homebuyers pay more than $537,900 per house.”

Texas is the leader when it comes to new homes permitted for construction, with 169,885 new permits in 2017, according to John Burns. The supply seems to match the demand, given Texas added 288,000 new jobs last year — more than any other state.

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