HBW subscribers who have their eyes on Texas most certainly know of new residential construction throughout the state. HBW receives new leads in Texas every day and new permits and related data continue to be added to the database.
Earlier this month, The Dallas Morning News reported that Dallas, along with San Francisco, led the country’s housing market for the month of August. Using information supplied by a recent report from Realtor.com, the article noted that Dallas, Midland, Austin and San Antonio made it to the Realtors’ top 20 ranking. As of the closing of August, median home sales prices in North Texas were 11% higher in comparison to the same period last year, with total sales increasing 5% for a new high.
The Texas Economy reported on the increase in construction since 2014, noting that in the last 12 months (closing July 2015), a total of 101,271 permits were issued, which is more than an 8% increase in comparison to the previous year. Additionally, there were nearly 5,800 multi-family building permits issued throughout the state in July 2015 alone which is approximately 31% more than July 2014. From month to month, Texas contractors are busy. To gain a better look at construction activity throughout the state, we accessed the latest information available from HBW and highlighted the Top 10 Home Builders in four major areas: Houston, Dallas, Austin and San Antonio.
At the top of the list in Houston, DR Horton led the area by far in August 2015 with 285 new home starts (total value: $43,239,636). With nearly half as many new starts but still holding an impressive presence in the area, Perry Homes is #2 on the list with 147 new residential construction permits (total value: $34,969,650). In a very close third, Lennar Homes came in with 144 new permits on file with a total value of $21,648,135.
Dallas has been buzzing in real estate. The market is hot, as workers, companies, and investors continue to flock to North Texas. The Dallas Morning News reported this month that North Texas home prices are at a remarkable high and growing at more than 2x the annual long-term rate. Thanks to the comprehensive construction activity tracking by HBW, we found that DR Horton is leading new residential construction in the area by a significant margin similar to Houston. DR Horton is #1 in Dallas for the month of August with a whopping 372 new home starts at a total value of $84,032,539. Standard Pacific (96 new homes – total value: $32,644,977) and First Texas Homes (95 new homes – total value: $26,244,034) came in second and third respectively.
The Austin area was also led by DR Horton for the month of August, along with Pulte Homes and Milestone Community Builders. All three companies hold the #1 spot with each having 65 new home starts for the month. Pulte Homes led in total value with $14,304,108. DR Horton’s total value came in at $10,974,272 and Milestone Community Builders has a total value of $9,354,245. Second and third for total number of new home starts are KB Homes with 55 (total value: $9,688,776) and Pacesetter Homes with 50 (total value: $5,361,700).
#1 and #2 were very close in San Antonio. Continental Homes of Texas took the #1 spot with 71 new home starts (total value: $15,401,505), while KB Homes was very close in the second spot with 70 new permits on file (total value: $14,886,914). In third, Meritage Homes of Texas has 30 new starts on record for the month, totaling $4,140,731.
All of the information utilized for the graphs and above listed figures was directly derived from HBW construction data reports. To gain access to the HBW database and receive custom and detailed reports on the latest permits in Texas and beyond, please contact HBW for details.