COVID has the Houston land market booming at levels not seen in 30 years, brokers say

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Land is in high demand as homebuilders head toward building upward of 40,000 houses in the Houston area in 2021.

Land is in high demand as homebuilders head toward building upward of 40,000 houses in the Houston area in 2021.

Smiley N. Pool, Staff / Houston Chronicle

COVID-19 has kicked off a land rush in Houston driven by demand for housing and the e-commerce boom.

Some 17,000 acres of tracts greater than about 250 acres have sold across the Houston area since the pandemic began in early 2020, and an additional 19,000 acres are under contract, said veteran land brokers Kirk Laguarta and Duane Heckman of Land Advisors Organization, a brokerage and advisory services company with 22 offices across the country, including Houston. By comparison, 6,000 acres sold in 2018.

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