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. 

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About Rogers: Rogers Healy, a native Texan, has lived in Dallas for the majority of his life. Before moving to Dal...

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