According to a recent article by Community Impact, Richmond home development is bustling despite market changes.

The Metrostudy Houston Housing survey released in August said the Greater Houston area is the second-largest housing market in the U.S. when it comes to new home construction, even with a 25 percent drop in overall new home starts. 

Richmond was identified in the report, along with Katy and Cypress, as an area with the most potential for demand fluctuation due to the downturn in the energy market.

Christi Borden, a Richmond-area Realtor and member of the board of directors for the Houston Association of Realtors and the Texas Association of Realtors, said one of the reasons there may be demand fluctuation is because the Richmond area is home to many people who relocate to Houston to work in the energy industry.

“Your relocation buyer isn’t making as many purchases right now,” Borden said. “There’s not typically any robust sales right now, but some of these communities have been less affected than others.”

Homes priced in the $200,000 to $300,000 range are being built at the fastest pace, according to Metrostudy. Borden said that price range tends to sell more quickly, even in a down economy, due to the lack of starter homes available in the area.