A review of permit data on record with HBW for new home construction in Texas through the third quarter of 2021
Since the start of this year, new home construction has been on the rise in the Lone Star State; in fact, housing starts are up by 18 percent in comparison to the same time last year. Based on HBW’s latest Building Activity Trend Report for new residential construction in Texas, there have been more than 74,300 new permits added to the HBW database (thru Q3-2021) from the combined areas of Dallas, Houston, Austin, and San Antonio.
Out of the four metro areas reviewed, Houston (32,301 permits) carried the highest concentration of new residential construction activity, while Dallas held the greatest amount of higher value (>$500k) housing starts.
Here is a closer look at the total permits, leading counties and year-over-year growth rates for new home construction in Texas through Q3-2021:
As previously noted, Houston has carried the greatest concentration of new home construction activity, having more than 32,300 new permits on record with HBW through the third quarter of this year; this reflects a 19 percent year-over-year increase in new home construction. Out of the five counties that make up the area, nearly half of all new permits originated from Harris County, where there were 16,005 new permits on record for the nine-month period.
Since the start of this year (thru Q3), the Dallas area has experienced a 20 percent year-over-year increase in new home construction, resulting in approximately 24,675 new permits. As previously noted, Dallas holds the greatest amount of higher value (> $500k) residential construction in comparison to other Texas regions reviewed, and so far this year there have been 1,567 higher value permits recorded for the area. Out of the six counties factored into the Dallas report, the bulk of new home construction could be found in the counties of Collin (8,840 permits) and Tarrant (7,167 permits).
Through the third quarter of this year, there have been more than 10,525 new residential construction permits added to the HBW database for Austin; this reflects a 10 percent increase in comparison to the same time last year. Out of the four counties that make up the area, nearly all new home construction could be found in the two counties of Travis and Williamson where there have been 4,890 and 4,325 new permits respectively.
Through the third quarter of this year, San Antonio has experienced an 18 percent year-over-year increase in new home construction, resulting in approximately 6,800 new permits on record with HBW. Out of the three counties that make up the area, nearly half of all new residential construction activity took place in Bexar County where there have been 3,370 new permits on record for the given period.
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.