Texas Swimming Pool Construction Report – April 2019

An HBW overview of the latest construction data reports for new swimming pool construction in Texas during the month of April 2019

Last month, there were more than 830 new swimming pool permits added to the HBW database for the State of Texas.  Out of the four major metro areas reviewed (Dallas, Houston, Austin, San Antonio), Dallas (432 permits) held approximately half of all new swimming pool permits, while Houston held the highest average value of new pool construction (average value: ~$58k).

Here is a closer look at new pool construction activity by area for the month of April 2019:

Dallas

As previously mentioned, the Dallas area had the highest level of new pool construction in comparison to the other metro areas reviewed.  Last month, there were 432 swimming pool starts with a total construction value in excess of $22.2 million.  The average value of new pool construction was $51,561, and more than half of all new permits originated from the counties of Dallas (125 permits) and Tarrant (115 permits).

Out of the nearly 200 active pool builders on file for the month, the following ranked as the top three for total new swimming pool construction permits:

#1 – Claffey Pools
#2 – Riverbend Pools
#3 – Pulliam Pools

 

Houston

The Houston area ranked #2 for new swimming pool construction, having 232 new permits with a total construction value in excess of $15 million on record last month.  The average value of new construction was highest in Houston in comparison to other major metro areas reviewed (average value: $57,957), and the county with the highest concentration of new permits on file for the month was Harris County (159 permits).

Out of the more than 135 active pool builders in the area last month, the following ranked as the top three for total new permits on file with HBW:

#1 – Platinum Pools
#2 – C3 Building Solutions
#3 – Anthony & Sylvan Pools

 

Austin

In Austin, there were nearly 100 new swimming pool permits with a total construction value in excess of $5 million added to the HBW database last month.  The average value of new construction was $52,786, and the majority of new permits originated from Travis County (68 permits).

Out of the 45 active swimming pool builders on file last month, the following ranked as the top three for total new permits:

#1 – Cody Pools
#2 – Texas Pools & Patios
#3 – Majestic Poolscape

 

San Antonio

Last month, there were nearly 70 swimming pool starts with a total construction value in excess of $3.5 million listed for the San Antonio area. The average value of new construction was lowest in San Antonio in comparison to other areas reviewed (average value: $51,554), and nearly all new construction activity took place in Bexar County (57 permits).

Out of the approximately 25 pool builders on record last month, the following ranked as the top three for total new permits:

#1 – Keith Zars Pools
#2 – Cody Pools
#3 – Texas Pools & Patios

 

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Texas Top Home Builders – April 2019

An HBW Report on new residential construction permits and leading home builders in Texas for the month of April 2019

Last month, there were more than 7,600 housing starts with a total construction value in excess of $1.8 billion in the Lone Star State.  For the purpose of the HBW monthly report, four major metro areas were reviewed: Dallas, Houston, Austin, San Antonio.  Out of the hundreds of active home builders on file with HBW for the month of April, D.R. Horton continued to rank as the #1 home builder for total new residential construction permits on file (~770 permits), leading three out of the four Texas metro areas reviewed.

Here is a closer look at the new construction activity and leading home builders by area:

Houston

Houston ranked #1 for total new permits on file with HBW, as there were approximately 3,315 new permits with a total construction value of $660 million.  The average value of new construction was lowest in Houston, coming in at $199k for the one-month period.

Out of the more than 410 active home builders in the area last month, the following ranked as the top five for total new permits on file with HBW:

Builder Total Permits
D.R. Horton 274
Camillo Properties 226
Lennar Homes 216
K Hovnanian Homes 198
Legend Homes 149

 

Dallas

The Dallas area ranked second for total housing starts while holding the highest average value of new construction.  Last month, there were 2,500 new permits with a total construction value in excess of $745.5 million added to the HBW database for Dallas, and the average value of new construction was on the higher end of the spectrum at approximately $298k.

Out of the more than 370 active home builders on file for the month, the following ranked as the top five for total new permits:

Builder Total Permits
D.R. Horton 347
Lennar Homes 208
Pulte Homes 120
First Texas Homes 95
Beazer Homes 83

 

Austin

In Austin, there were 1,240 housing starts with a total construction value of approximately $319 million last month.  The average value of construction fell in the mid to high range at just over $257k.

Out of the 125 active builders in the area last month, the following ranked as the top five for total new permits on file with HBW:

Builder Total Permits
D.R. Horton 147
Pulte Homes 130
KB Homes 66
Taylor Morrison Homes 64
Pacesetter Homes 47

 

San Antonio

Last month, there were approximately 565 housing starts with a total construction value of $128.7 million in the San Antonio area.  The average value of new home construction (average value: $228k) was positioned in the low to mid-range in comparison to the other metro areas reviewed.

Out of the nearly 100 active home builders in the area last month, the following ranked as the top five for total new residential construction permits on file:

Builder Total Permits
Continental Homes of Texas 72
Lennar Homes 64
KB Homes 54
Bella Vista CMI 39
Pulte Homes 32

 

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Florida Swimming Pool Construction Quarterly Report: Q1-2019

An HBW review of new swimming pool construction permits in Florida during the first quarter of 2019

Over the last five years, Florida has exhibited year-over-year increases in new swimming pool construction every year.  Since the start of this year (through March 2019), new swimming pool construction permits are already ahead of last year by 9 percent.  Out of the six major Florida regions reviewed (Central, West, Southeast, Southwest, Northeast, Northwest), the greatest concentration of new permits could be found in the southwestern region (>1,350 permits), and the area that exhibited the highest rate of annual growth was West Florida (+21 percent).

Here is a brief overview of new permit data on file with HBW for the first quarter of this year:

Southwest Florida

Looking as far back as 2014, there has been a marked pattern of growth in new swimming pool construction in the southwest portion of the Sunshine State.  In the first quarter of this year, there have been approximately 1,355 new swimming pool permits added to the HBW database for the area, reflecting more than a 10 percent increase in comparison to the same time last year.  Southwest counties with the highest concentration of pool starts on file include Lee County (434 permits, -2 percent) and Collier County (396 permits, +62  percent).

West Florida

The western region of Florida ranked #2 for total new swimming pool permits on file with HBW in the first quarter of this year.  With a 21% year-over-year increase (highest rate of growth in comparison to other regions), West Florida had just over 1,185 swimming pool permits on record for the first three months of this year.  More than half of all new construction took place in two major counties: Hillsborough County (404 permits, +12 percent); Polk County (225 permits, +60%).

Southeast Florida

During Q1-2019, Southeast Florida experienced an 8 percent year-over-year increase in new pool construction, resulting in 1,085 swimming pool construction permits on file with HBW.  More than half of all new construction permits originated from Palm Beach and Miami-Dade.  With a 3 percent year-over-year increase in pool starts, Palm Beach County held the highest concentration of new pool permits (395 permits), and Miami-Dade ranked a distant second with more than 230 new permits on record for the three-month period.

Central Florida

While Central Florida experienced an annual dip of 11 percent in swimming pool construction last year, things are looking a little more optimistic at the start of 2019.  In the first quarter of this year, the area reflects a 2 percent increase in new pool construction in comparison to the same time last year, resulting in just over 970 new permits.  More than half of all new construction took place in the counties of Orange (313 permits, +10 percent) and Osceola (270 permits, +4 percent).

Northeast Florida

In the northeastern region of Florida, there were 580 swimming pool starts during Q1-2019, reflective of a 3 percent increase in comparison to the same period last year.  The counties with the highest concentration of new swimming pool construction permits on file include: St. Johns (193 permits, -1 percent); Duval (137 permits, -8 percent); Flagler (103 permits, +27 percent).

Northwest Florida

While the northwest region carried the least amount of new swimming pool permits, it is still ahead of last year by more than 4%.  From January through March of this year, there were nearly 520 swimming pool starts on file for the area.  The counties with the highest concentration of new construction activity include Santa Rosa (108 permits, +10 percent) and Walton (99 permits, +11 percent).

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Florida’s Top Swimming Pool Builders – March 2019

An HBW report on new swimming pool construction permits and leading builders in Florida for the month of March 2019.

During the month of March, there were approximately 1,575 new swimming pool permits added to the HBW database for Florida.  Out of the five major regions reviewed (Southwest, Southeast, Tampa, Orlando, Jacksonville), the southwest held the greatest amount of new construction activity (422 permits), while Tampa had the highest average value of new swimming pool construction (average value: $51,189).

When determining leading pool builders throughout the state, HBW reviews the total number of new construction permits added to the HBW database for a given region during the one-month period.  Here is a breakdown of new swimming pool construction activity and the leading pool builders by area in Florida during March 2019:

Southwest Florida

As previously mentioned, Southwest Florida held the greatest amount of new construction activity in March, having more than 420 new pool permits with a total construction value of $19.5 million.  The average value of new pool construction was $46,136, and more than half of all permits originated from Lee County (138 permits) and Collier County (113 permits).

Out of the nearly 115 active pool builders in the area, the following ranked as the top five for total new permits:

#1 – Aragon Pools & Spas
#2 – Pinnacle USA
#3 – Coast to Coast Pools
#4 – Waterscapes Pools & Spas
#5 – Aquadoc

 

Tampa

With more than 350 pool starts and a total construction value in excess of $18 million, Tampa ranked #2 for total new swimming pool permits in March.  The average value of construction was on the higher end of the spectrum (average value: $51,189) in comparison to other areas reviewed, and the county with greatest concentration of new permits was Hillsborough County (112 permits).

Out of the approximately 115 active pool builders on file for the month, the following ranked as the top five for total new permits:

#1 – Olympus Pools
#2 – Gulfstream Pools & Spas
#3 – Challenger Pools
#4 – Tampa Bay Pools
#5 – Griffin Pools

 

Southeast Florida

In the southeastern region, there were nearly 350 pool starts with a total construction value in excess of $14 million added to the HBW database during the month of March.  The average value of new construction was $40,575, and the county with the highest concentration of swimming pool construction activity was Palm Beach (130 permits).

Out of the more than 115 pool builders in the area, the following rank as the top five for total new permits:

#1 – Swimming Pool Contractors
#2 – A & G Concrete Pools
#3 – Van Kirk & Sons
#4 – Treasure Pools & Service
#5 – Louden Bonded Pools

 

Orlando

In Orlando, there were approximately 290 new swimming pool permits with a total construction value of nearly $12 million on file for March.  The average value of new construction was $41,323, and the county with the highest concentration of new permits was Orange County (109 permits).

Out of the more than 80 active builders on record for the month, the following ranked as the top five for total new permits:

#1 – Bob’s Pool Service
#2 – All Seasons
#3 – Intercoastal Pool & Spa Builders
#4 – Dreamscapes Pools & Spas
#5 – Atlas Pools of Central Florida

 

Jacksonville

In Jacksonville, there were nearly 165 swimming pool starts with a total construction value of approximately $8.3 million on record in March.  The average value of new pool construction was $51,025, and the bulk of new construction activity took place in Duval County (52 permits) and St. Johns County (48 permits).

Out of the 70 active pool builders on file for the month, the following ranked as the top five for total new permits:

#1 – Waterside Pools
#2 – Pools by John Clarkson
#3 – All Seasons
#4 – Blue Haven Pools
#5 – Breakwater Construction Group

 

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

HBW Quarterly Report: Florida Residential Construction Q1-2019

An HBW review of new residential construction permit data added to the HBW database during the first quarter of 2019

Since the start of this year, new residential construction has been on the rise in the Sunshine State.  Throughout Florida, housing starts have experienced a year-over-year increase of nearly 10.5 percent in the first quarter, resulting in approximately 19,570 new residential construction permits added to the HBW database.  Out of the six major regions reviewed (Central, West, Southeast, Southwest, Northeast, Northwest), the highest concentration of new home construction could be found in West Florida where there were more than 4,405 new permits for the three-month period, and the greatest rate of growth in comparison to the first quarter of 2018 took place in Southeast Florida where new home construction is up by 27 percent.

Here is closer look at housing starts and leading areas in Florida from January to March 2019:

West Florida

As previously mentioned, West Florida ranked #1 for total new residential construction permits.  Last month, there were more than 4,405 new permits added to the HBW database, reflecting a year-over-year increase of 23 percent in housing starts for the first quarter. The counties that have higher concentrations of housing starts and experienced growth in comparison to the first quarter of last year include: Hillsborough County (1,252 permits, +9 percent); Polk County (1,115 permits, +26 percent); Pasco County (981 permits, +40 percent).

Southwest Florida

Southwest Florida ranked #2 for total permits – During Q1-2019, there was a 23 percent increase in residential construction in comparison to the same time last year, resulting in more than 3,710 housing starts.  All counties are currently ahead of last year’s figures when it comes to new permits on file with HBW, and the county with the highest concentration of housing starts was Lee (1,089 permits, +3 percent).

Central Florida

So far this year, new construction in Central Florida has not shown any major changes and is quite steady in comparison to 2018.  In the first quarter of this year, the area has experienced a 1% year-over-year increase in housing starts, resulting in 3,307 new residential construction permits.  More than 40 percent of all new construction took place in Orange County (1,352 permits), and the greatest rate of growth could be found in Lake County where starts were up 57 percent in comparison to last year.

Northeast Florida

New construction in the northeastern region of Florida is up by 4 percent in comparison to last year, resulting in 3,175 housing starts on file for Q1-2019.  More than half of all new construction took place in the following counties: St. Johns County (1,085 permits, +11 percent); Duval County (825 permits, +2 percent).

Southeast Florida

While there are fewer total housing starts (2,703 permits) in the southeast in comparison to other Florida regions, the area’s residential construction is ahead of last year’s figures by nearly 27 percent.  The counties that are experiencing growth and holding more than half of all new residential construction permits for the three-month period include: St. Lucie County (836 permits, +48 percent); Palm Beach County (639 permits, +49%).

Northwest Florida

Of all the Florida regions reviewed, the northeastern region is the only area that has experienced a dip in new construction; in comparison to Q1-2018, housing starts are down by 15 percent, resulting in approximately 2,266 new permits on file with HBW.  The counties with the highest concentration of housing starts include: Santa Rosa County (350 permits, -12 percent); Walton County (310 permits, -13%); Escambia County (309 permits, -17%).

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Florida Top Three Regions for New Home Construction – March 2019

An HBW Report on new residential construction permits in Florida for the month of March 2019

Based on the latest HBW reports on new home construction, approximately 5,000 new residential construction permits were added to the HBW database last month for the State of Florida.  Out of the five major regions reviewed (Tampa, Jacksonville, Orlando, Southeast, Southwest), Tampa ranked #1 for total new permits on file (1,324 permits), and the Orlando and the southwestern region weren’t far behind.  Here is a look at the top three Florida regions holding the highest concentration of new residential construction last month:

Tampa

As previously mentioned, Tampa ranked #1 for new home construction in Florida last month as there were approximately 1,324 housing starts with a total construction value in excess of $382.5 million.  The average value of new construction was $288,926, and more than half of all new permits originated from Hillsborough County (412 permits) and Pasco County (366 permits).

Out of the 185 active builders on file for the month, the following ranked as the top five for total new permits:

Builder Total Permits
Lennar Homes 239
D.R. Horton 100
The Villages of Lake Sumter 95
Pulte Homes 79
M/I Homes 59

 

Southwest Florida

Southwest Florida ranked a close second for new residential construction.  Last month, there were approximately 1,135 new permits with a total construction value of nearly $289.5 million added to the HBW database.  The average construction value was on the lower end of the spectrum (average value: $255,135), and the county that held the highest concentration of new permits for the month was Lee County (346 permits).

Out of the 225 active builders in the area last month, the following ranked as the top five for total new residential construction permits on file with HBW:

Builder Total Permits
Lennar Homes 210
Pulte Homes 137
D.R. Horton 80
Neal Communities of SW FL 59
Maronda Homes 30

 

Orlando

The average value of construction in Orlando appears to be on the rise, along with housing starts.  Last month, there were nearly 1,035 housing starts with a total construction value of approximately $318 million.  The average value of new residential construction was nearly $308k, and the greatest concentration of new construction activity could be found in Orange County (396 permits).

Out of the 155 active home builders on file last month, the following ranked as the top five for total new permits added to the HBW database:

Builder Total Permits
Lennar Homes 224
D.R. Horton 138
Minto Builders 56
Meritage Homes 39
M/I Homes 39

 

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

HBW Quarterly Report: Texas Swimming Pools Q1-2019

An HBW review of new swimming pool construction permit data on file for the first quarter of 2019

Earlier this week, we published a monthly (March 2019) review of swimming pool construction and leading builders in the four major metro areas of Texas (Dallas, Houston, Austin, San Antonio).  While last month reflected a marginal month-over-month dip in new pool construction, figures from the first quarter of this year show some significant improvement in comparison to Q1-2018.

From January through March of this year, Texas has experienced a 16 percent year-over-year increase in pool starts, resulting in more than 1,800 new construction permits on file with HBW.  All major metro areas, with the exception of San Antonio, are ahead of last year’s quarterly construction figures with spikes ranging from as moderate as 10 percent (Dallas) to as high as 31 percent (Houston).  More than half of all new construction permits on file for the three-month period originated from Dallas (955 permits), and the metro area with the highest rate of growth in new pool construction so far this year is Houston (31 percent).

Here is a brief overview of the latest construction permit data on file for Dallas, Houston, Austin and San Antonio during the first quarter of this year:

Dallas

As previously mentioned, the majority of all new pool construction in the four areas reviewed took place in Dallas last month.  With 955 new swimming pool permits, the area was 10 percent ahead of construction activity from last year.  Dallas-area counties that held the greatest volume of pool starts included: Dallas (225 permits, +13 percent), Collin County (224 permits, +17 percent); Tarrant County (223 permits, -17 percent).

Houston

The Houston area ranked second-highest for total swimming pool starts in Q1-2019.  With approximately 475 new permits on file with HBW, the area has already experienced a 31 percent year-over-year increase in new pool construction.  More than half of all new construction took place in Harris County (287 permits) where there has been a 20 percent year-over-year spike in new permits so far this year.

Austin

While the Austin area is not a leader for volume of new pool construction at this point (235 permits), it is certainly an area to watch for growth.  Since 2016, Austin has demonstrated annual and incremental growth in pool starts, and in the first quarter of this year the growth pattern has continued with a 28 percent year-over-year increase.  Nearly all new pool construction in the area originated from Travis County where there were 184 new permits on file for the three-month period, reflecting a 37% year-over-year increase in new pool construction.

San Antonio

San Antonio was the only major metro area in Texas during the first quarter of this year to remain somewhat steady with last year’s figures.  With a one percent year-over-year dip in new pool construction, there were just over 140 new swimming pool construction permits in the area (Q1-2019), and nearly all new construction took place in Bexar County (120 permits, +9 percent).

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Texas Swimming Pool Construction Review – March 2019

A report on the latest new swimming pool permits added to the HBW database for Texas during the month of March 2019

Last month, there were more than 620 swimming pool starts with a total construction value of nearly $40 million in Texas.  Out of the four major metro areas reviewed (Dallas, Houston, Austin, San Antonio), Dallas had the highest concentration of new permits and held nearly half of all new construction activity on file with HBW (304 permits) for the one-month period.  The average value of new pool construction varied throughout the metro areas and ranged from a low of $43,391 (San Antonio) to a high of $65,370 (Houston).  Here is a closer look at the new swimming pool construction permits that were added to the HBW database for Texas last month:

Dallas

The Dallas metro area ranked #1 last month for total pool starts.  With 304 new swimming pool permits and a total construction value in excess of $15.3 million, the average value of new pool construction in the area was approximately $50,500.  The counties with the greatest volume of new permits were Tarrant County (74 permits) and Dallas County (69 permits).

Out of the nearly 115 active pool builders on file for the one-month period, the following ranked as the top three for total new permits:

1. Riverbend Pools
2. Gold Medal Pools
3. Hauk Custom Pools

 

Houston

In Houston, there were 170 swimming pool starts with a total construction value of more than $11 million last month.  More than half of all new construction originated from Harris County (102 permits), and with an average construction value of $65,370, the Houston area held the highest average value of new pool construction out of the four metro areas reviewed.

Out of nearly 95 active builders in the Houston area last month, the following ranked as the top three for total new permits on file:

1. Platinum Pools
2. Anthony & Sylvan Pools
3. The Pool Man Inc

 

Austin

Last month, there were 95 new swimming pool permits with a total construction value in excess of $5.2 million on file for Austin.  The average value of new pool construction was approximately $55k, and the majority of all new construction took place in Travis County (62 permits).

Out of the 45 active pool builders in the area for the month, the following ranked as the top three for total new pool permits:

1. Cody Pools
2. Anthony & Sylvan Pools
3. Texas Pools & Patios

 

San Antonio

In San Antonio, there were approximately 55 new swimming pool permits with a total value of nearly $2.3 million added to the HBW database last month.  The average value of new construction was on the lower end of the spectrum (average value: $43.4k), and nearly all new permits originated from Bexar County (42 permits).

Out of the more than twenty active builders in San Antonio and surrounding areas last month, the following ranked as the top three for total new pool permits on file with HBW:

1. Keith Zars Pools
2. Cody Pools
3. Backyard Vacation Oasis

 

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Texas Quarterly Review – Residential Construction Q1-2019

An HBW review of new residential construction permits in Texas during the first quarter of 2019

In the first quarter of this year, new residential construction permits in Texas were down by 8% in comparison to the same time last year.  Upon reviewing the four major metro areas in the Lone Star State (Dallas, Houston, Austin, San Antonio), it was evident that all areas have experienced a bit of a slower start in new home construction.  From January through March of this year, there have been 16,572 housing starts added to the HBW database for Texas.  Out of the metro areas reviewed, Houston held the highest concentration of housing starts (greater than 7,000), while the Austin area appeared to be the most stable market, having the least amount of year-over-year change (-1 percent) in new residential construction permits.

Here is a closer look (by region) at new home construction permit data added to the HBW database for Texas during Q1-2019:

Houston

The Houston area hasn’t experienced major changes in new residential construction in comparison to the first quarter of last year, and nearly half of all new permits in Texas originated from the area.  Since the start of the year, Houston reflects a 3 percent year-over-year decrease (Q1-2018 vs. Q1-2019) in housing starts, resulting in more than 7,000 new permits on file with HBW for Q1-2019.  Higher value construction also appears to only be slightly behind last year; with approximately 240 higher value (greater than $500k) housing starts on file in Q1, the difference in higher value construction permits is minor at this point in the year.

While the Houston area reflects a lag in housing starts overall, there are a couple of counties that are ahead of last year’s figures… In Montgomery County, housing starts are up by 11%, resulting in approximately 1,525 new permits on file with HBW, and Galveston County has nearly doubled its total housing starts in comparison to Q1-2018.

Dallas

Although Dallas ranks second for total housing starts (~5,350 permits) on file with HBW for Q1-2019, the area has experienced the greatest year-over-year decrease (-16%) in housing starts in comparison to other areas reviewed. Since 2015, Dallas has exhibited a marked year-over-year growth pattern in new residential construction permits, and while the slow start in new home construction appears to be significant, it is still too early in the year to know if the dip in permits is indicative of any real changes in the market.  According to various reports, larger builders have pulled back on their starts due to a number of factors including housing affordability and the surge in mortgage rates during the fourth quarter of 2018.  The total number of unsold homes has increased in recent months, and many builders will be focusing on moving unsold inventory in the coming months.

Austin

The Austin area appears to be the most stable of the metro areas reviewed so far this year.  From January through March, there have been nearly 2,600 housing starts in the area, reflecting a mere 1% year-over-year decrease in new permits on file with HBW, and the higher value (construction value greater than $500k) market also appears to be steady and nearly on target with last year.  Over the last several years, the Austin residential construction market has fluctuated with annual decreases as low as 3% and increases as high as 21%, but with reports of increased economic expansion and job growth, this year the area has potential for growth.  Major tech companies have been fueling job growth in Austin; Apple recently announce its plans to build a campus in the area that will eventually employ 15,000 people, and housing prices in Austin continue to be below other leading tech hubs (Seattle, San Francisco, Denver), making it a desirable location for new and expanding tech businesses.

San Antonio

Since 2015, the San Antonio area has reflected annual growth patterns in new home construction, but in the first quarter of this year, housing starts are down by 7% in comparison to 2018, resulting in approximately 1,630 new residential construction permits added to the HBW database.  New home construction has dropped in all counties with the exception of Bexar County where there has been an 11% increase in housing starts, resulting in 975 new residential construction permits in the first quarter of this year.

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.

Texas Home Building Report – March 2019

An HBW review of permit data for new residential construction in Texas during the month of March 2019

In Texas, there were 5,820 new residential construction permits added to the HBW database last month, reflecting close to a 15 percent month-over-month increase in housing starts.  Out of the four major metro areas reviewed (Houston, Dallas, Austin and San Antonio), Houston carried the highest amount of new residential construction (2,375 permits), and Dallas remained the area with the highest average value of new home construction (average value: $310,563).  Out of the hundreds of active builders throughout the state, Lennar Homes and D.R. Horton continued to be the leaders for total housing starts on file with HBW.

Here is a closer look at the total permits and leading builders throughout Texas metro areas last month:

Houston

Last month, there were more than 2,375 housing starts with a total construction value of nearly $465 million in Houston and surrounding areas.  The average value of construction was on the lower end of the spectrum (average value: $195,603), and nearly half of all new permits originated from Harris County (1,081 permits).

Out of the 287 active home builders in the Houston area last month, the following ranked as the top five for total new permits on file with HBW:

Builder Total Permits
Lennar Homes 233
K Hovnanian Homes 190
D.R. Horton 181
Perry Homes 137
Pulte Homes 106

 

Dallas

Last month, Dallas ranked second-highest for housing starts having nearly 2,030 new residential construction permits with a total value of approximately $630 million.  The area continued to hold the highest average value of construction (average value: $310,563), and the greatest concentration of new permits could be found in Tarrant County (~600 permits).

Out of the more than 205 active home builders in the area last month, the following ranked as the top five for total new permits on file with HBW:

Builder Total Permits
D.R. Horton 380
Lennar Homes 195
First Texas Homes 113
Pulte Homes 95
Highland Homes 79

 

Austin

In Austin, there were more than 900 new residential construction permits with a total value in excess of $232 million added to the HBW database last month.  The average value of construction was $257,494, and more than half of all housing starts took place in Travis County (586 permits).

Out of the more than 115 active home builders on file for the month, the following ranked as the top five for total new permits in the area last month:

Builder Total Permits
D.R. Horton 136
Milestone Community Builders 71
Pulte Homes 59
Taylor Morrison Homes 54
Gehan Homes 54

 

San Antonio

In San Antonio, there were approximately 515 housing starts with a total construction value of $102.5 million last month.  The average value of new home construction was $199,912, and the majority of all new permits originated from Bexar County (334 permits).

Out of the approximately 80 active home builders in the area last month, the following ranked as the top five for total new permits on file with HBW:

Builder Total Permits
Lennar Homes 113
Continental Homes of Texas 92
Bella Vista CMI 47
Meritage Homes 31
KB Homes 27

To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest residential and commercial building activity in Florida, Georgia, Texas, Alabama, and Oklahoma, please contact HBW for details.