An HBW report of the latest residential construction permit data for Texas during the month of March 2020
During the month of March, Texas exhibited a 40 percent month-over-month increase in new residential construction, resulting in approximately 8,620 new residential construction permits with a total construction value in excess of $2 billion. Out of the four major metro areas reviewed (Houston, Dallas, Austin, San Antonio), Houston ranked #1 for greatest volume of housing starts (3,583 permits), while Dallas continued to carry the highest average value of new home construction (average value: $270,315).
To gain better insight on these figures and new home construction activity in each metro area, here is a breakdown of the total permits, construction value and leading counties in Texas last month:
Houston
As previously noted, Houston ranked #1 for total housing starts in comparison to other Texas metro areas reviewed. Last month, there were approximately 3,585 new residential construction permits with a total value in excess of $730.5 million on record for the Houston area. The average value of new home construction was lowest in Houston in comparison to other areas reviewed (average value: $203,900), and more than half of all new permits originated from Harris County (1,866 permits).
Dallas
In Dallas, there were approximately 2,890 housing starts with a total construction value in excess of $780 million last month. The average value of construction was highest in Dallas in comparison to other Texas metro areas reviewed (average value: $270,315), and the majority of all new permits originated from the counties of Tarrant (900 permits) and Collin (713 permits).
Austin
Last month, there were more than 1,570 housing starts with a total construction value in excess of $399 million in the Austin area. The average value of new home construction was $253,967, and nearly all of the new permits on record with HBW for the one-month period originated from the counties of Travis (856 permits) and Williamson (586 permits).
San Antonio
In San Antonio, there were 575 housing starts with a total construction value in excess of $138 million last month. The average value of new home construction landed mid-range in comparison to other Texas metro areas reviewed (average value: $240,173), and the bulk of all new construction activity took place in Bexar County (443 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.