Dallas Leads Texas in New Residential Construction – September 2018

An HBW review of residential construction permitting activity for the month of September.

During the month of September, Texas experienced an estimated 13% month-over-month decline in housing starts resulting in a total of 5,827 new residential construction permits with a total construction value of nearly $1.5 billion.  All major metro areas reviewed, with the exception of Dallas, experienced decreases ranging from 19% to (Austin) to 24% (San Antonio) in residential permitting activity.

Dallas was seemingly immune to the monthly drop as it experienced a 3% month-over-month increase in residential construction.  The Dallas area ranked #1 for both total housing starts (2,436 permits) and average value of construction (average value: $302,592).  On the flip side, San Antonio experienced the most significant month-over-month decline (-24%) in new home construction, landing it at the lowest end of the spectrum for both housing starts (421 permits) and average value of construction (average value: $198,418).

When taking a look at the home builders leading the area, D.R. Horton continued its long-term reign in Texas as it ranked #1 for total new permits in Dallas, Houston and Austin.  In San Antonio, Fieldstone Communities took top spot holding just about 10% of all new permits in the area for the month.

Here are the stats on new residential construction in the four major metro areas of Texas last month:

Dallas* (#1 for total housing starts and average value of construction):

Total permits: 2,436 (+3% | month-over-month increase)

Total Construction Value: ~ $737M

Average Value of Construction: $302,592

Top County(s) for Total New Permits: Collin (753 permits); Tarrant (706 permits)

Houston (#2 for total housing starts)

Total permits: 2,171 (-22% | month-over-month decrease)

Total Construction Value: ~ $450M

Average Value of Construction: $207,306

Top County(s) for Total New Permits: Harris (1,183 permits)

Austin

Total permits: 799 (-19% | month-over-month decrease)

Total Construction Value: ~ $198M

Average Value of Construction: $247,687

Top County(s) for Total New Permits: Travis (366 permits); Williamson (318 permits)

San Antonio

Total permits: 421 (-24% | month-over-month decrease)

Total Construction Value: $83.5M

Average Value of Construction: $198,418 (lowest of four metro areas)

Top County(s) for Total New Permits: Bexar (278 permits)

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.

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