Although D.R. Horton continued its lead for total housing starts throughout Texas, hundreds of builders were active in July and responsible for the more than 5,000 housing starts during the one-month period.
When reading news about construction in Texas, you are likely to come across articles reporting of labor shortages and hits in sales and starts due to the oil slump. Although there are a number of factors challenging new construction in the Lone Star State, hundreds of builders and thousands of new permits were added to the HBW database in July. From Dallas, Houston, Austin and San Antonio, there were more than 5,100 housing starts and greater than $1.2B in new construction value. The builders with the greatest number of new residential construction permits on file across the four major metropolitan areas last month are as follows:
- D.R. Horton – As mentioned in Home Building by the Numbers earlier this month, D.R. Horton was at the top of housing starts in Texas in July; the company has been leading the state since the start of the year, and with approximately 500 housing starts and close to $97M in total value on file for the month, D.R. Horton continues to lead new residential construction.
- Lennar Homes – Lennar Homes pushed up one spot since our review in May. The home builder had nearly 300 housing starts on file from the four major metro areas and more than $69M in total construction value. Lennar Homes also ranked in the top three last month in the areas of Dallas, Houston and San Antonio.
- KB Homes – Joining the top three for the first time this year, KB Homes had a strong presence in new residential construction last month. With nearly 250 housing starts and close to $38M in construction value, the home builder ranked #1 in Austin and in the top three in both San Antonio and Houston for total new permits.
When taking a closer look and isolating new residential construction activity to each of the major metropolitan areas of Texas, it is evident that there are a few other sizable home builders that were leading new residential construction last month.
In Dallas, there were 240 companies with housing starts, and D.R. Horton continued to be a front-runner. The home builder experienced an 11% increase in total starts in comparison to May of this year, having 265 new permits and a total value in excess of $64M. Lennar Homes jumped up in the ranks since the previous top five report in May, as it had close to 100 starts in Dallas and more than $36M in construction value last month.
Out of the approximately 230 active builders in the Houston area last month, the familiar face of D.R. Horton could be seen on top. D.R. Horton had nearly 175 housing starts in the area with a total construction value in excess of $22.3M. Not far behind, Lennar Homes was ranked second highest for total new residential construction permits in July with 137 housing starts and $21.7M in construction value. As previously mentioned, KB Homes was a key player in new residential construction last month, and in Houston the home builder ranked third highest with 119 new permits and more than $13M in total value.
Just over 115 companies had housing starts on file in Austin last month, and KB Homes was in the lead with 80 new residential construction permits and more than $15.1M in construction value. Pulte Homes ranked second highest with 67 housing starts and approximately $15.6M in value, while D.R. Horton held close in third with 55 new residential construction permits and a total value of nearly $9.3M.
Just about 120 home builders had residential starts in San Antonio in July, and Continental Homes of Texas ranked #1 with 47 housing starts and nearly $10.3M in construction value. KB Homes held close in second with 42 new permits and approximately $9M in total value. Lennar Homes was ranked third highest in the area with 25 starts and close to $6M in new construction.
Information utilized for the graphs and above listed figures for Texas residential construction 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.