A review of permit data for new residential construction in Texas during the month of March 2022
During the month of March, there were more than 7,375 new residential construction permits with a total construction value in excess of $1.9 billion added to the HBW database for Texas. Out of the four major metro areas reviewed (Houston, Dallas, Austin, San Antonio), Houston ranked #1 for greatest volume of new permits (3,185 permits), while Austin carried the highest average value of new home construction (average value: $307,571).
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 mentioned, Houston ranked #1 for total housing starts in comparison to other Texas metro areas reviewed. Last month, there were approximately 3,185 new residential construction permits with a total value of more than $780.7 million on record for the area. The average value of new home construction landed on the lower of end of the spectrum in comparison to other areas reviewed (average value: $245,123), and nearly half of all new permits originated from Harris County (1,511 permits).
Dallas
In Dallas, there were more than 2,460 new residential construction permits with a total value of approximately $688 million on record with HBW last month. The average value of construction was $279,529, and the majority of all new permits originated from the counties of Tarrant (947 permits) and Collin (517 permits).
Austin
Last month, there were approximately 890 new residential construction permits with a total value in excess of $273 million on record for Austin. The average value of new home construction was highest in Austin (average value: $307,571) in comparison to other Texas metro areas reviewed, and nearly all of the new permits on record with HBW for the one-month period originated from the counties of Travis (383 permits) and Williamson (430 permits).
San Antonio
In San Antonio, there were 842 new residential construction permits with a total value of approximately $190 million last month. The average value of new home construction was lowest in San Antonio (average value: $225,757) in comparison to other Texas metro areas reviewed, and more than half of all new construction activity took place in Bexar County (475 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.