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.