An overview of new permit data on record with HBW for residential construction in Texas during the month of July

In our most recent post, we utilized HBW’s Construction Data Reports to identify the leading home builders in Texas during the month of July; this week, we are using the same reports to review permit data and identify where the latest new residential construction activity is taking place throughout the four major metro areas of Texas (Dallas, Houston, Austin, San Antonio).

Last month, there were approximately 5,650 new residential construction permits with a total value in excess of $1.5 billion added to the HBW database for Texas.  Out of the four metro areas reviewed, Houston (2,169 permits) carried the greatest concentration of new permits, while the highest average value of new construction projects could be found in Austin (average value: $307,038).

Here is a closer look at the total permits, average value of construction and leading counties for new home construction in each of the four major metro regions of the Lone Star State during the month of July:

Houston

As noted above, Houston carried the highest concentration of new home construction activity last month as there were 2,169 new permits with a total value of $573 million added to the HBW database.  The average value of new home construction was $264,187, and the majority of all new permits originated from the two counties of Montgomery (879 permits) and Harris (734 permits).

Dallas

Not far behind Houston, in Dallas there were nearly 1,960 new permits with a total construction value in excess of $545 million added to the HBW database last month.  The average value of new home construction landed mid-range (average value: $278,354) in comparison to other Texas areas reviewed, and just over half of all new construction activity took place in the counties of Tarrant (596 permits) and Collin (474 permits).

Austin

In Austin, there were more than 1,055 new residential construction permits with a total value of $324.2 million on record last month.  The average value of new home construction was highest in Austin (average value: $307,038) in comparison to other areas reviewed, and nearly 70 percent of all new permits originated from Travis County where there were 730 new permits on record for the one-month period.

San Antonio

Last month, there were more than 465 new residential construction permits with a total value of approximately $113.3 million added to the HBW database for the San Antonio area.  The average value of new home construction was lowest in San Antonio (average value: $243,024) in comparison to other Texas areas reviewed, and the bulk of all new construction took place in Bexar County (319 permits).

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.