DFW Tops The Country For Housing Starts In First Quarter

DFW Tops The Country For Housing Starts In First Quarter

Information Provided by Steve Brown, Real Estate Editor ~ Dallas Morning News


DFW Tops The Country For Housing Starts In First Quarter


Keith Tobas

Photo Credit:  Calgary Home BoysSoutheast Calgary New Construction Real Estate For Sale


North Texas is hanging onto its top spot for U.S. home construction.

Annual home starts in the Dallas-Fort Worth area totaled 33,601 units - putting the D-FW area well ahead of second place Houston, according to data from Metrostudy Inc.

Houston single-family home building starts grew at an annual total of 27,675 in the first quarter.

Central Florida was a close third at 24,958 starts.

Metrostudy's figures show that D-FW home starts were up almost 12 percent in the first quarter.

"Yes, we're still number one," Metrostudy's regional director Paige Shipp said. "And, I believe we will remain so for the foreseeable future.

"Now that D-FW developers and builders are delivering affordable lots and land, the momentum will continue," Shipp said. "By the way, affordable is what I call our 'new affordable' - $200,000 - $300,000. "

Median new home prices in North Texas have jumped buy about 40 percent in the last five years.

D-FW has been the top U.S. homebuilding market for several years.

In 2017, North Texas builders started more than 33,000 houses - the strongest production total in a decade.

But homebuilding activity in the area remains significantly below volumes seen before the Great Recession.

Source: Metrostudy Inc.
Source: Metrostudy Inc. 


Keith Tobas Headshot
Author:
Phone: 917-912-5738
Dated: April 30th 2018
Views: 337
About Keith: Dallas Luxury Homes with Keith Tobas; Luxury Auctions Consultant Not all Auctions are created ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

Why Going Outside Improves Your Mental And Physical Health - Did you know you can go
DFW Tops The Country For Housing Starts In First Quarter - Information Provided by Steve,
Turning Buyers Into An LLC - Turning Buyers Into an LLCCreating
Spring Trends - Do you follow trends? Sometimes

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Steve Rigely
3001 Knox Street #210
Dallas, TX
469-363-6992