A review of the latest residential construction permit data for Texas during the month of February 2020
It has been a busy month in Texas for new residential construction – During the month of February, the Lone Star State experienced a 5 percent month-over-month increase in new residential construction, resulting in 6,126 new permits with a total construction value of $1.5 billion added to the HBW database. Out of the four major metro areas reviewed (Dallas, Houston, Austin, San Antonio), Houston held the highest concentration of housing starts (2,461 permits), while the highest average value of construction could be found in Dallas (average value: $271,101).
Here is a closer look at the total residential permits and new home construction activity on record with HBW for the month of February 2020:
Last month, Houston carried the greatest volume of new home construction in comparison to other Texas metro areas reviewed, having 2,461 new permits with a total construction value of $501.5 million on record. The average value of new residential construction remained lowest in Houston (average value: $203,783), and the county with the highest concentration of new home construction activity was Harris County (1,062 permits).
Not far behind Houston, Dallas ranked #2 for new home construction last month, having 2,240 new permits with a total construction value in excess of $607 million on record with HBW. The average value of new residential construction projects remained highest in Dallas (average value: $271,101), and more than half of all new home construction originated from Denton County (600 permits) and Tarrant County (594 permits).
In Austin, there were 907 housing starts with a total construction value of nearly $221 million last month. The average value of construction in the area (average value: $243,462) landed just above mid-range in comparison to other metro areas reviewed, and more than half of all new home construction took place in Travis County (516 permits).
Last month, there were nearly 520 housing starts with a total construction value in excess of $129 million in the San Antonio area. The average value of new home construction was $249,097, and the bulk of new residential construction permits originated from Bexar County (374 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.