HBW Report: Texas New Residential Construction October 2017

Last month, new residential construction in Texas resulted in 6,150 new permits being added to the HBW database.  Out of the nearly $1.5B total value in housing starts, the highest value of new construction remained in Dallas where the average value of housing starts for the month was just over $317k. As for total new permits, Houston continues to remain on the lower end of average construction value (~$185k) but leads for total starts with 2,620 new permits for the one-month period.

Here is the breakdown of housing starts, construction values and leading home builders in the four major metro areas reviewed (Houston, Dallas, Austin, San Antonio):

TX Residential Permits by Area – Oct. 2017

Houston

During the month of October, Houston had 2,620 housing starts with a total construction value of nearly $484M.  The majority of new homes were started in Harris County where there were nearly 1,650 new permits on file.  Out of the more than 280 active builders in the area, D.R. Horton took top spot for starts with more than 300 new residential construction permits of the one-month period.  Other leading home builders in the area include Camillo Properties with 177 housing starts and Long Lake LLC with 109 housing starts last month.

Dallas

With nearly 2,050 housing starts and more than $648M in construction value, Dallas ranked second highest for total new permits on file and took top spot for total value.  The greatest concentration of new residential construction in the Metro Dallas area last month took place in the counties of Collin (623 permits) and Tarrant (529 permits).  Out of the more than 260 active builders in the area, D.R. Horton ranked #1 for total starts with 219 new residential construction permits, while LGI Homes and Lennar Homes ranked second and third with 109 and 93 permits respectively.

Austin

There were 1,053 housing starts with a total value of nearly $274M in Austin last month.  More than half of all new residential construction originated from Travis County where there 563 new permits for the one-month period.  Out of the more than 130 active home builders in the area, D.R. Horton reigned supreme with 131 housing starts, and KB Homes (79 permits) and CalAtlantic Homes (78 permits) ranked second and third for total new construction activity.

San Antonio

In San Antonio, there were more than 430 housing starts with a total value in excess of $92M on file for the month of October; more than half of all new construction took place in Bexar County (257 permits).  Out of the approximately 115 active builders in the area, KB Homes had the greatest number of total starts on file (34 permits) and Continental Homes of Texas (28 permits) and Meritage Homes (19 permits) ranked second and third.

When reviewing the average value of construction across the state, Dallas continued to maintain its lead with an average value greater than $317k, and Houston maintained its position at the lower end of the spectrum with an average value of nearly $185k.  The average value of new residential construction by area for the month of October is as follows:

TX Avg. Value of Residential Construction – Oct. 2017

Information utilized for Texas residential construction reports was directly derived from HBW 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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