Out of the nearly 5,500 housing starts in Texas last April, D.R. Horton remained at the top in the Lone Star State.
During the month of April, the four major metro areas of Texas had a combined total of nearly 5,500 housing starts and a total construction value in excess of $1.3B on file with HBW. From Houston, Dallas, Austin and San Antonio, the mega-builder, D.R. Horton, led the state having more than 615 new residential construction permits for the one-month period. While D.R. Horton had the most new home building activity of any builder on file and was #1 in three out of four metro areas, there were other notable and solid builders active during the month of April. Here’s a closer look at leading builders by region:
As per usual, Houston had the greatest number of housing starts for the one-month period in comparison to other metro areas. Out of the 2,065 new residential permits and more than $412M in total construction value, nearly half of all housing starts took place in the most populous county of Texas, Harris County (1,113 permits). And while D.R. Horton was on top with 140 housing starts, Perry Homes had the highest average value for starts at $234k, 17% above the average value for the area.
Dallas ranked a close second for total housing starts in April. The growing city had just about 1,930 starts and more than $597M in new residential construction for the month. And while the highest concentration of new permitting activity took place in Tarrant County (584 permits), there was a healthy level of activity ranging from 350-400 housing starts each in counties including Dallas, Denton and Collin. As property value maintains its high in the Dallas area, so does the value of new construction. Dallas held the highest average value of construction out of the four major metro areas for the month at nearly $310k. Out of the top builders, K. Hovnanian Homes held the highest value of construction at more than $414k, nearly 35% above the area’s average. As for total permits, D.R. Horton maintained its lead; the prominent builder had more than 300 housing starts, and more than half of all new activity took place in Tarrant County.
Austin area builders contributed to the more than 820 housing starts and $180M of construction value on file for the month. Nearly 75% of all new residential permits for the month of April took place in Travis County. D.R. Horton had the majority of its 174 housing starts taking place in Travis County as well, resulting in it ranking #1 in Austin for total new residential permits. Gehan Homes was also notable in April; while it ranked fourth highest for total permits, it carried the highest average value of new construction. With an average value just over $311k, Gehan Homes ran approximately 43% above the average value of new construction in Austin for the month.
Out of the 627 housing starts and nearly $148M in construction value in San Antonio, Continental Homes took the top spot with 74 new permits on file for the month of April. While the builder’s construction activity was widespread across all counties reviewed, the greatest amount of new permitting activity took place in Comal County. KB Homes held a close second with 71 housing starts for the month, and while David Weekley Homes ranked fifth, it had the highest average value of construction ($275k+) landing it approximately 17% above the average value for the area.
Information utilized for the graphs and above listed figures 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.