A review of permit data for new residential construction in Texas during the month of February 2021
Texas is off to a strong and consistent start when it comes to new home construction this year. Last month, Texas experienced close to a 2 percent month-over-month increase in new residential construction, resulting in approximately 7,655 new permits on record with HBW. Out of the four metro areas reviewed (Dallas, Houston, Austin, San Antonio), both the greatest volume and value of housing starts could be found in the Dallas area where there were more than 3,130 new permits with an average construction value of $288,623.
Here is a closer look at the total permits, values and leading counties for new home construction throughout the Lone Star State last month:
As previously noted, Dallas ranked #1 for both volume and value of housing starts last month, having 3,132 new permits with a total construction value of nearly $904 million on record with HBW for the one-month period. The average value of construction in Dallas (average value: $288,623) was highest in comparison to other metro areas reviewed, and the majority of permits originated from the counties of Collin (1,161 permits) and Tarrant (701 permits).
In Houston, there were more than 2,935 housing starts with a total construction value of nearly $591 million last month. The average value remained consistently lowest in Houston (average value: $201,232) in comparison to other Texas areas reviewed, and the county with the highest concentration of new residential construction activity was Harris County with 1,430 new permits for the one-month period.
Last month, there were more than 1,090 housing starts with a total construction value of approximately $283 million in the Austin area. The average value of new home construction in Austin was $259,439, and more than half of all new permits originated from Travis County (571 permits).
In San Antonio, there were 495 housing starts with a total construction value of approximately $118.1 million last month. The average value of new home construction was $238,606, and the county with the greatest concentration of new residential construction activity was Bexar County with nearly 200 new permits on record with HBW for 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.