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Q1 Texas Land Trends

April 8, 2025
In this episode of the Texas Land Guys Podcast, Tom and Tim Dosch team up to deliver a high-energy update on land markets across Texas. From Houston’s surge in multifamily and single-family deals to Austin’s quiet reawakening and Dallas’s continued dominance, the Dosch brothers break down what’s happening in real time, what it means for developers, and where the next deals will land.

With Q1 2025 nearly wrapping up, the data shows real momentum, close to 500 offers across the state and over 70 deals signed, making it one of the most active quarters in DMRE history. The episode explores where the action is, how developers are reacting, and what to expect as Q2 kicks off.

If you’re buying, selling, developing, or capitalizing deals in Texas land right now, this episode is a must-listen.

Key Takeaways:

  • Nearly 500 offers across Texas in Q1 2025; over 70 signed deals

  • Houston and Dallas saw nearly identical offer volume, each pushing 200

  • Single-family is hot again: 10,000+ acres in Houston’s pipeline

  • Developers are back: stronger offers, tighter contracts, higher pricing

  • Multifamily rebound: aggressive offers, especially in the suburbs

  • Industrial heating up fast to double-digit $/SF in some submarkets

  • Austin is still slower, but infill MF and SF lots are gaining traction

  • Tariffs? So far, a non-factor most materials are already domestic

  • 90/10 rule: a small % of developers doing most of the deals

  • Watch out for “fake activity”; not all LOIs are created equal

  • Ascent’s $100M fund closes strong with $82M+ first close

In This Episode:

  • [00:00] Introduction

  • [01:15] Q1 market shift: more substantial offers, tighter deals, momentum is real

  • [05:53] Texas-wide offer volume: ~500 offers and ~70 deals signed

  • [07:56] Use-type breakdown: multifamily, single-family, and industrial trends

  • [09:37] Austin update: opportunities in a challenged market

  • [11:16] Houston vs. Dallas: developers return to Houston in force

  • [15:53] Houston challenges: zoning, mud rates, and misunderstood submarkets

  • [19:38] Tariffs & construction costs: minimal impact, bullish outlook

  • [25:19] 90/10 market split: few groups are doing most of the deals

  • [31:44] Q2 predictions: activity climbing, new buyers entering

  • [37:22] Industrial land pricing rebounds in Houston & Dallas

  • [40:33] Final thoughts: strong Q2 ahead, momentum across all regions

Show Links:

Tom Dosch

Tim Dosch