Killeen-Temple Housing Market Area
The U.S. Department of Housing and Urban Development recently completed a thorough analysis of housing and economic trends in our area. The Killeen-Temple Housing Market Area (HMA) is identical to the Killeen-Temple, TX Metropolitan Statistical Area (MSA) and contains three of the seven counties in the CTCOG region.
According to the report “Economic conditions in the Killeen-Temple HMA continue to strengthen.” Positive indicators include an increase in new and existing home sales, and increased employment numbers. Fort Hood contributes to that growth – they are the single largest employer in the region with 35,500 service-members and 5,600 civilian employees. The Texas Comptroller has estimated that Fort Hood has a statewide economic impact of $35.4 billion every year.
Construction spending is also on the rise: “In addition to the military construction projects, increased multifamily construction and road-widening projects along U.S. Highway 190 and Interstate 35 have also contributed to accelerated growth in the sector since 2015.”