An overview of permit data for new residential construction in Texas during the month of November
Based on HBW’s latest construction data reports, there were more than 3,630 new residential construction permits with a total value of nearly $1.1 billion added to the HBW database for the Lone Star State last month.
Out of the four areas reviewed (Dallas, Houston, Austin, San Antonio), Houston carried the greatest volume of housing starts (1,575 permits), while the highest average value of new home construction could be found in the Dallas area (average value: $330,793).
Here is a breakdown of permit data for new residential construction in each of the four major metro regions of Texas last month:
Houston
As previously noted, Houston carried the highest amount of new residential construction last month, having 1,575 new permits with a total construction value of nearly $410 million. The average value of new home construction (average value: $260,096) landed on the lower end of the spectrum in comparison to other Texas areas reviewed, and nearly all of the new permits originated from the counties of Harris (851 permits) and Montgomery (455 permits).
Dallas
In Dallas, there were approximately 1,245 new residential construction permits with a total value of $411.5 million last. The average value of new home construction was highest in Dallas (average value: $330,793) in comparison to other Texas areas reviewed, and the counties with the greatest amount of new residential construction activity for the one-month period were Collin (361 permits) and Tarrant County (318 permits).
Austin
Last month, there were more than 545 new residential construction permits with a total value of approximately $179 million in the Austin area. The average value of new home construction landed on the higher end of the spectrum in Austin (average value: $327,472) compared to other areas reviewed, and nearly half of all new residential construction permits originated from Travis County (260 permits).
San Antonio
In San Antonio, there were more than 265 new permits with a total construction value in excess of $67.2 million last month. The average value of new home construction was lowest in the San Antonio area (average value: $251,728) in comparison to the other Texas areas reviewed, and the county with the highest concentration of new home construction activity was Bexar where there were approximately 120 new permits during the one-month period.
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.