Texas Residential Construction Report – June 2018

An HBW review of new home construction in Texas during the month of June 2018

Texas New Residential Construction Permits – June 2018

Over the last couple of months, housing starts have been on a slight downward slope in Texas. During the month of June, the Lonestar State experienced an 8% month-over-month decrease in new residential construction.  Out of the four major metro areas reviewed (Houston, Dallas, Austin, San Antonio), Houston ranked highest for total housing starts (2,575), while Dallas continued its lead for higher value construction (average value: $293,613).

When looking at the builders leading new home construction, D.R. Horton ranked #1 in three out four areas (all with the exception of San Antonio), and Lennar Homes and KB Homes also held top positions on the leaderboard in most of the metropolitan areas reviewed.

Houston

As per usual, the Houston area continues to lead Texas for housing starts each month.  In June, there were 2,575 housing starts with a total construction value in excess of $504M, reflecting a steady market with a nominal (< 2%) month-over-month decrease in new permits.  The average value of construction was lower than other metro areas reviewed (~$196k), and more than half of all new construction took place in Harris County (1,478 permits).

Out of the 255 active builders in the Houston area last month, D.R. Horton ranked #1 for total housing starts.  The top three builders for total new residential construction permits on file for the one-month period are as follows:

#1 D.R. Horton
#2 Lennar Homes
#3 Long Lake LLC

 

Dallas

Last month, the Dallas area experienced a 7% month-over-month decrease in housing starts resulting in more than 2,230 new residential construction permits with a total value in excess of $655M.  The average construction value for new homes was approximately $293.5k, and the counties with the highest concentration of housing starts were Tarrant (589 permits), Denton (549 permits) and Collin (536 permits).

Out of the approximately 245+ active builders in the Dallas area last month, D.R. Horton ranked #1 for total housing starts.  The top three builders for total new residential construction permits on file for the one-month period are as follows:

#1 D.R. Horton
#2 Lennar Homes
#3 Beazer Homes

 

Austin

Austin experienced a month-over-month dip of approximately 8% in housing starts, having 935 new permits with a total construction value in excess of $218.5M on file with HBW.  The average value of new home construction was nearly $234k, and more than half of all housing starts took place in Travis County (567 permits).

Out of the approximately 100 active builders in the area last month, D.R. Horton ranked #1 for total housing starts.  The top three builders for total new residential construction permits on file for the one-month period are as follows:

#1 D.R. Horton
#2 KB Homes
#3 Lennar Homes

 

San Antonio

Last month, San Antonio experienced the most significant month-over-month decrease in new residential construction (-38%), resulting in 350+ housing starts with a total construction value of approximately $70M.  The average value of new construction came in on the lower end of the spectrum (~$198.5k), and the majority of new permits originated from Bexar County (264 permits).

Out of the approximately 75+ active builders in the area last month, KB Homes ranked #1 for total housing starts.  The top three builders for total new residential construction permits on file for the one-month period are as follows:

#1 KB Homes
#2 Continental Homes of Texas
#3 Fieldstone Homes

 

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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