A review of new residential construction data in Texas based on permits added to the HBW database during 2022
Upon review of HBW’s latest “Building Activity Trend Reports”, it appears that new residential construction has slowed in the Lone Star State over the last year. From January through December 2022, there were approximately 87,710 new residential construction permits added to the HBW database for Texas, reflecting an 8 percent year-over-year decrease in new residential construction activity. Out of the four major metropolitan areas reviewed, both Houston and Dallas carried the highest volume of housing starts, with more than 75 percent of all new residential construction permits in Texas originating from those areas.
Here is a closer look at the total permits, annual percentage of growth, and leading counties for new residential construction across Texas last year:
Last year, Houston carried the greatest volume of new home construction (36,728 permits) in comparison to other Texas areas reviewed, having demonstrated an 11 percent year-over-year decrease in new residential construction activity. Out of the five counties that make up the Houston area, nearly half of all new home construction took place in Harris County, where there was approximately a 21 percent year-over-year decrease in new permits, resulting in 16,125 new permits on record with HBW.
In Dallas, there were 30,167 new residential construction permits on record for 2022, reflecting a 5 percent year-over-year decrease in new home construction. Out of the six counties that make up the Dallas area, the greatest concentration of new permits originated from the counties of Tarrant (8,812 permits) and Collin (8,025 permits) where there were year-over-year decreases in new home construction of 4 percent and 25 percent respectively.
Last year, there were 12,292 new residential construction permits recorded for the Austin area, reflecting a 6 percent year-over-year decrease in new home construction activity. Out of the four counties included in the Austin-area report, Travis County carried just over half of all new residential construction activity, having 6,280 new residential permits (+5.5% YOY) on record with HBW for the one-year period.
Last year, there were 8,522 new residential construction permits in the San Antonio area, reflecting a 6 percent year-over-year decrease in new home construction. Out of the three counties that make up the San Antonio area, more than half of all construction activity took place in Bexar County where there were 4,896 new permits, reflecting a 7 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.