As noted in our Texas residential construction report earlier this month, more than 5,000 new permits were added to the HBW database in April. Out of the nearly $1.2 billion in new residential construction that took place in Dallas, Houston, Austin and San Antonio in April, there were a handful of home builders that were leading new projects across the state. Looking at all four metropolitan areas combined, the top three builders who had the most housing starts on file last month were as follows:
#1 D.R. Horton – Continuing to dominate new residential construction in Texas, D.R. Horton has more than 460 new permits on file with HBW in April.
#2 Pulte Homes – Moving up one spot from #3 in March, Pulte Homes has 277 housing starts for the month.
#3 Lennar Homes – Still holding close to second, Lennar Homes came in third highest for total housing starts with 272 new permits on file for the month.
Although D.R. Horton continues to have a strong presence in new residential construction projects across the state, when we take a closer look at each area there are some other prominent builders that make the top spots for housing starts. Here are some highlights and listings of the top five home builders by area for the month of April:
In Dallas, D.R. Horton didn’t just continue its lead… it was actually up 25% in housing starts in comparison to March. With 192 permits and a total value close to $30M, D.R. Horton held strong and in #1 for April. Next in line, Pulte Homes made a giant month-to-month leap in residential construction since March with twice as many housing starts (113 permits) and a total construction value in excess of $24M. Not on the top five list last month but in the #3 spot this month, First Texas Homes had 64 housing starts for the month and a total construction value of nearly $20M.
Still leading, D.R. Horton came out on top in Houston with 161 housing starts in April and more than $23.5M in total construction value. Although in second, Lennar Homes had a 14% increase in starts in comparison to March, placing it very close to D.R. Horton with 160 permits on file and a higher total construction value in excess of $25M. Up two spots since March, Perry Homes was third highest for new residential construction with 119 housing starts and a leading construction value of nearly $27M.
Just as in March, D.R. Horton maintained the #1 spot for total housing starts in April with 106 new permits on file and more than $18M in construction value. Moving up one spot since March to #2, KB Homes had an 85% increase in activity with 95 housing starts in the area and more than $14M in construction. Pulte Homes also jumped up since March (from fifth to the third) with 74 new permits on file and a total construction value in excess of $16.5M.
In San Antonio, Continental Homes held steady and maintained its lead from March with 83 housing starts and more than $18M in construction. Although there is a significant gap between the first and second top spots, coming in at #2 KB Homes had a 20% increase in residential construction activity in comparison to March. With 31 new permits on file with HBW, KB Homes had more than $7M in construction value in April. Up one spot since March, Meritage Homes was the third highest for total housing starts with 27 new residential construction permits and nearly $5M in construction value.
Information utilized for the graphs and above listed figures for Texas residential construction was directly derived from HBW 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.