A review of permit data for new residential construction in Texas during the month of November 2021
When reviewing the latest HBW construction data reports, we found that there were more than 7,130 new residential construction permits with a total value of $1.8 million in the Lone Star State last month; this reflects just about an 8 percent month-over-month increase in new home construction activity. Out of the four metro areas covered in the reports (Dallas, Houston, Austin, San Antonio), the greatest concentration of new home construction took place in Houston (2,865 permits), while the highest average value of new residential construction projects shifted from the Dallas area in previous months to Austin (average value: $286,865) last month.
Here is a breakdown of the latest permit data throughout the four major metro areas of Texas during the month of November 2021:
Month after month, the Houston area has held higher levels of new residential construction in comparison to other metro areas throughout Texas. Last month, there were 2,865 new permits with a total value of nearly $698 million. The average value of new home construction was moderate at $243,583, and nearly half of all new construction activity took place in Harris County where there were 1,405 new permits on record for the one-month period.
Not far behind Houston, the Dallas area carried 2,673 new residential construction permits with a total value of nearly $707.5 million last month. The average value of new home construction was $264,669, and the bulk of new permits originated from the two counties of Tarrant (867 permits) and Collin (797 permits).
In San Antonio, there were approximately 840 new residential construction permits with a total value of nearly $185.2 million last month. The average value of new home construction was lowest in the San Antonio area (average value: $220,962) in comparison to other Texas areas reviewed, and well more than half of all new construction took place in Bexar County where there were 493 new permits on record with HBW for the one-month period.
Last month, there were more than 755 new residential construction permits with a total value of approximately $217 million on record for the Austin area. As previously noted, the average value of new home construction was highest in Austin (average value: $286,865) in comparison to other Texas metro areas reviewed, and nearly all new permits originated from the two counties of Williamson (413 permits) and Travis (250 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.