Texas Residential Construction Report – February 2019

An HBW review of new residential construction permits on file in Texas for the month of February 2019

Last month, there were approximately 5,070 new residential construction permits added to the HBW database for Texas, reflecting a month-over-month decrease in new residential construction of nearly 3%.  Out of the four major metro areas reviewed (Dallas, Austin, Houston, San Antonio), Houston ranked #1 for total new permits (2,111 permits), while Dallas continued to hold the highest average construction value ($311,820).

The metro area that experienced monthly gains in new construction include San Antonio with a 30% month-over-month increase in new permits, and Austin with a 2% month-over-month increase in permits.  As per usual, when it comes to home builders, D.R. Horton ranked high on the charts and listed as the top builder for total housing starts in three out of four areas reviewed.  Here is a closer look at the latest figures for new residential construction permits in Texas last month:

Houston

Total Permits: 2,111 permits (↓5% month-over-month decrease)

Total Construction Value: $425+ million

Average Value of Construction: $201,371

Top County for Total Permits: Harris County (1,018 permits)

Top Builder for Total Permits: D.R. Horton (385 permits)

 

Dallas

Total Permits: 1,649 (↓8% month-over-month decrease)

Total Construction Value: $514+ million

Average Value of Construction: $ 311,820 (ranked #1 for highest average value of construction)

Top County for Total Permits: Tarrant County (509 permits)

Top Builder for Total Permits: D.R. Horton (268 permits)

 

Austin

Total Permits: 832 permits (↑2% month-over-month increase)

Total Construction Value: $203+ million

Average Value of Construction: $ 244,098

Top County for Total Permits: Travis County (558 permits)

Top Builder for Total Permits: D.R. Horton (167 permits)

 

San Antonio

Total Permits: 477 (↑30% month-over-month increase)

Total Construction Value: $95.5 million

Average Value of Construction: $200,136 (lowest average value)

Top County for Total Permits: Bexar County (352 permits)

Top Builder for Total Permits: Continental Homes of Texas (69 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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