A review of permit data for new residential construction in Texas during the first quarter of 2022
In the first quarter of this year, the Lone Star State has exhibited a solid start in the residential construction market; based on HBW’s latest Building Activity Trend Report for new residential construction in Texas, there have been approximately 25,110 new residential construction permits added to the HBW database (Q1-2022), reflecting a 3 percent year-over-year increase.
The report includes the four major metropolitan areas of Texas (Dallas, Houston, Austin, San Antonio), and the greatest concentration of new permitting activity took place in Houston (10,567 permits), while the most significant increase in new permits could be found in San Antonio (+83% YOY).
Here is a closer look at the permit data for each of the four metro areas of Texas during Q1-2022:
As previously noted, the greatest concentration of new residential construction activity took place in Houston last month where there were 10,567 new permits added to the HBW database; this reflects a 2 percent increase in comparison to the same time last year. Out of the five counties that make up the area, nearly half of all new residential construction permits originated from Harris County (4,904 permits), while the greatest amount of growth could be found in Brazoria County (919 permits) where there was a 59 percent year-over-year increase in new home construction.
Since the start of this year (thru March), there have been approximately 8,245 new residential construction permits added to the HBW database for the Dallas area, reflecting a 5 percent decrease in comparison to the same time last year. Out of the six counties that make up the Dallas area, more than half of all new home construction took place in the two counties of Tarrant (2,422 permits) and Collin (2,158 permits).
In the first quarter of this year, new home construction in Austin has been off to a slow start as there has been a 6 percent year-over-year decrease in construction activity, resulting in approximately 3,485 new permits. Out of the four counties that make up the area, nearly all new home construction activity took place in the two counties of Travis County (1,762 permits) and Williamson County (1,442 permits).
Unlike the other Texas regions reviewed, San Antonio has demonstrated significant growth in residential construction in comparison to last year. Through March, the area has exhibited an impressive 83 percent year-over-year increase in new home construction, resulting in more than 2,810 new permits on record with HBW. Out of the three counties that make up the area, more than half of all new permits originated from Bexar County where there have been more than 1,585 new permits in the first quarter, reflecting a 213 percent year-over-year increase in new residential construction.
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.