A review of permit data for new home construction in Texas from January through June this year
Since the start of this year (through June 2022), new home construction appears to be on a slight rise in the Lone Star State. Based on the latest data available from HBW’s Building Activity Trend Reports, there has been a two percent year-over-year increase in new residential construction from the combined metro areas of Dallas, Houston, Austin, and San Antonio, resulting in 51,690 new permits added to the HBW database for the 6-month period. While there has been an overall increase in new home construction statewide, not all areas are ahead of last year’s figures; while San Antonio and Houston have exhibited year-over-year increases of 45 percent and 2 percent respectively, Dallas (-2% decrease) and Austin (-9% decrease) are exhibiting slower markets so far this year.
Here is a closer look each metro area, total permits, and the leading counties for new home construction through Q2-2022:
If you have been following the HBW blog, then it shouldn’t be surprising to know that Houston continues to carry a higher volume of new home construction month after month. Since the start of this year (through June), there have been more than 22,000 new permits added to the HBW database for the Houston area, reflecting a 2 percent year-over-year increase in new residential construction. Out of the five counties that make up the area, Harris County (9,551 permits) carried the greatest concentration of new home construction activity, while the highest percentage of growth could be found in Brazoria County (1,932 permits) where there has been more than a 57 percent year-over-year increase in new permits.
While Dallas and surrounding areas ranked #2 for new residential construction activity (17,573 permits) through the second quarter of this year, the area has exhibited a slower market in comparison to the same time last year as there has been a 2 percent year-over-year decrease in new permitting activity. Out of the six counties that make up the Dallas area, more than half of all new residential construction activity took place in the counties of Tarrant (4,814 permits) and Collin (4,896 permits).
In Austin, there were 6,835 new residential construction permits on record with HBW through Q2-2022, reflecting a 9 percent year-over-year decrease in new home construction. Out of the four counties reviewed, Travis County (3,440 permits) and Williamson County (2,757 permits) carried the majority of new home construction activity for the 6-month period.
Through the second quarter of this year, there have been 5,272 new residential construction permits added to the HBW database for the San Antonio area, reflecting an impressive 45 percent year-over-year increase in new home construction. Out of the three counties reviewed, Bexar and Guadalupe both reflected year-over-year increases in new permits of 111 percent and 71 percent respectively, and the bulk of all new home construction in the San Antonio area took place in Bexar County (3,191 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.