Texas Residential Construction Review – December 2018

An HBW report on the latest residential construction permit data in Texas for the month of December 2018

Last year, Texas ended on a high note in new home construction.  During the month of December, there were 6,430 housing starts with a total construction value of approximately $1.6B, reflecting major month-over-month increase in HBW permits (>60%).  During the one-month period, Houston held the greatest total number of new residential construction permits (~ 2,720 permits), while Dallas continued to hold the highest average value (average value: $295,077) of new home construction.  From a builder perspective, D.R. Horton continued its lead and dominance in the new residential construction market having maintained its ranking as #1 home builder, month after month, for total housing starts in nearly all areas reviewed.

Here is a closer look at new residential construction permitting activity in Dallas, Houston, Austin and San Antonio for the month of December 2018:

Houston

Last month, Houston had the greatest total number of housing starts out of the four major metro areas reviewed.  There were nearly 2,720 housing starts with a total construction value in excess of $565 million for the one-month period.

Average Value of Construction: $208,019 (lowest average value)

Top County for Total Permits: Harris County (1,427 permits)

Top Builders for Total Permits:

Builder Total Permits
D.R. Horton 350
Lennar Homes 223
Camillo Properties 202

 

Dallas

During the month of December, Dallas ranked a close second for new residential construction having just over 2,420 housing starts with a total construction value in excess of $714 million.

Average Value of Construction: $295,077 (highest average value)

Top County for Total Permits: Tarrant County (793 permits)

Top Builders for Total Permits:

Builder Total Permits
D.R. Horton 553
Lennar Homes 206
First Texas Homes 129

 

Austin

In Austin, there were more than 900 housing starts last month, holding a total construction value of more than $238 million.

Average Value of Construction: $263,090

Top County for Total Permits: Travis County (628 permits)

Top Builders for Total Permits:

Builder Total Permits
D.R. Horton 172
Pulte Homes 54
KB Homes 53

 

San Antonio

In San Antonio, there were nearly 385 housing starts with a total construction value of more than $82 million last month, and the majority of new construction took place in Bexar County.

Average Value of Construction: $214,529

Top County for Total Permits: Bexar County (242 permits)

Top Builders for Total Permits:

Builder Total Permits
Lennar Homes 49
Continental Homes of Texas 39
KB Homes 35

 

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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