306,000 additional homes needed in Texas to alleviate high housing costs due to population growth.

Texas Comptroller Glenn Hegar's office reports a pressing need for 306,000 additional homes to alleviate high housing costs exacerbated by population growth. Insufficient construction has led to soaring property prices and rents, particularly harming first-time buyers and low- to middle-income families. To maintain its affordability advantage, the report suggests relaxing local zoning laws to facilitate increased homebuilding.