Capital Highlights

Comptroller: Hundreds of new homes needed to cut costs

A 26-page report from the Texas Comptroller concludes that the state needs 306,000 additional homes, a shortage that has sent housing costs soaring, The Texas Tribune reported. Homebuilding hasn’t kept up with the booming economy as millions of new residents have moved here over the past decade, leaving more than half of the state’s homeowners and renters struggling to find and keep affordable housing.

“Is it a crisis today? I wouldn’t call it a crisis,” Comptroller Glenn Hegar told The Tribune. “But if we don’t find some more solutions, we’re going to be in a crisis.”