HBW Report: The latest residential construction permit data across the Lone Star State
TX New Residential Construction Permits – June 2017
From D.R. Horton’s dominance in Dallas to the high concentration of housing starts in Houston, summertime in Texas is looking like home building time. While there was a dip in total starts in comparison to May, home builders were active throughout the state as there were nearly 6,500 new residential construction permits and approximately $1.6B in total value on file with HBW for the month of June.
Out of the four major metro areas reviewed (Houston, Dallas, Austin, San Antonio), Houston maintained top spot for total housing starts having nearly 2,700 new permits and approximately $519M in total construction value for the month. And while Houston had the highest concentration of new residential construction permits, it carried the lowest average value of new construction at $193k. On the other end of the spectrum, Dallas continued to hold the highest average value of new residential construction at more than $317k, resulting in more than $700M in total construction value across Dallas in June.
TX Average Value of Resid. Construction – June 2017
Here is a closer look at home building activity in Texas during the month of June:
Austin
Total Housing Starts: 1,074
Total Value of Construction: $259M+
Top County (for total permits): Travis County (675 permits, $160M total value)
Top Builder: KB Homes (108 permits)
Average Value of Construction: $241,177
Dallas
Total Housing Starts: 2,234
Total Value of Construction: ~$709M
Top County (for total permits): Collin County (928 permits, $318.3M total value)
Top Builder: D.R. Horton (342 permits)
Average Value of Construction: $317,334
Houston
Total Housing Starts: 2,688
Total Value of Construction: ~$519M
Top County (for total permits): Harris County (1,340 permits, $266.3M total value)
Top Builder: D.R. Horton (211 permits)
Average Value of Construction: $193,051
San Antonio
Total Housing Starts: 469
Total Value of Construction: ~$108M
Top County (for total permits): Bexar County (245 permits, total value: >$57M)
Top Builder: KB Homes (60 permits)
Average Value of Construction: $229,651
Information utilized for the reports and graphs 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.