North Texas led the country in single-family home construction in the first half of the year.
And Texas’ other big metro areas also made the top 10 home market list.
Builders started 49,733 single-family homes on an annual basis in the DFW area, according to the latest numbers from housing consultants at Zonda.
Houston was second in the country, with 42,796 annualized home starts.
“Dallas-Fort Worth continues to be the top market in the country for the fifth year in a row,” said Zonda’s senior vice president David Brown. “There were a record number of starts during the second quarter within DFW.
“It is likely the Metroplex will hit a new record high in 2021 based on the first half of the year and homebuilder’s sales backlog,” Brown said.
DFW home starts for the 12 months ending June were up almost 30% year-over-year.
“Not only is Dallas-Fort Worth the top market, but it had the largest jump in the number of starts of all markets,” Brown said. “Dallas-Fort Worth and Houston are the only two markets that saw starts jump by more than 10,000 units in the last year.”
The Austin area ranked sixth nationally, with more than 24,000 annual home starts, and San Antonio was ninth with almost 19,000 new homes.
All of the major U.S. markets saw big gains in single-family construction in the first half of this year. With a severe shortage of existing homes on the market, builders around the country are scrambling to meet unprecedented buyer demand.
Source: Dallas Morning News