Texas Residential Construction Review – June 2024

Based on HBW’s latest construction data reports, there were more than 6,835 new residential construction permits with a total value of nearly $2.2 billion in Texas last month.  Out of the four major metro areas that were included in the report (Houston, Dallas, San Antonio, Austin), Houston ranked #1 for total housing starts (3,356 permits), while Dallas took the lead for higher value residential construction, having an average value of new home construction in excess of $396k.

Here is a look at the new residential construction permit data on record for each of the four major cities in Texas during the month of June 2024:

Houston

As noted above, Houston ranked #1 for new home construction last month, having 3,356 new permits with a total construction value of approximately $971.5 million.  The average value of new residential construction projects was $289,477, and the majority of permits originated from the counties of Harris and Montgomery where there were 1,551 and 983 new permits on record respectively.

Dallas

Dallas ranked #2 for new home construction, having 2,023 new residential construction permits with a total value in excess of $801.5 million last month.  The average value of new home construction was highest in Dallas (average value: $396,217) in comparison to other Texas areas reviewed, and the county with the greatest concentration of new home construction activity was Collin (852 permits).

Austin

In Austin, there were 856 new permits with a total construction value in excess of $293 million last month.  The average value of new home construction was $342,528, and more than half of all new residential construction activity took place in Williamson County where there were 473 new permits on record for the one-month period.

San Antonio

Last month, there were more than 600 new residential construction permits with a total value of nearly $121 million in the San Antonio area.  The average value of new home construction was lowest in San Antonio (average value: $200,408) in comparison to other Texas regions reviewed, and the bulk of all new permits originated from Bexar County (412 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.

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