It takes one-and-a-half to two new jobs to create one new household in Houston, according to housing economist Mike Inselmann. With Houston’s booming job market, builders ought to be putting up 32,000 single family homes a year.

But in delivering the GHBA’s annual forecast, Inselmann said he expects fewer than 28,000 such housing starts in 2013.

“Credit problems associated with the recession, restrictive mortgage underwriting, and consumer lack of confidence in the idea of home ownership are holding consumers back. They’re not buying houses at the numbers that they should.”

Consumer demand isn’t the only factor limiting new construction. Inselmann said homebuilders are also hampered by shortages of building materials, available lots, and financing.