Texas housing starts saw a month-over-month increase of 19% in August. Here is a look at the home builders that were leading new residential construction in the Lone Star State.
As reported in the most recent Texas HBW report (Texas Residential Construction – August 2016), the HBW database saw an influx of new residential construction permits for the Texas metro areas of Houston, Dallas, Austin and San Antonio. There were more than 6,100 new permits added to HBW data reports last month and nearly $1.5B in construction value.
Consistent with recent months, the lineup for the top builders has remained the same. D.R. Horton has maintained a strong hold on housing starts in Texas and was #1 in three out of four metro areas. Lennar Homes and KB Homes have maintained their spots as the top second and third for total new permits each month.
#1 D.R. Horton – In August, D.R. Horton had 542 housing starts in Texas with a total construction value in excess of $99M. The builder’s greatest number of housing starts were in Dallas, and more than half in Dallas were from Collin County.
#2 Lennar Homes – Lennar Homes ranked second highest for total permits last month in both Dallas and Houston, having close to 150 housing starts in each area. Statewide, the home builder had just over 330 housing starts last month with a total construction value of more than $72M.
#3 KB Homes – Last month, KB Homes had approximately 300 housing starts statewide with a total construction value of nearly $49M. A large portion of new permits (122 permits) were from the Austin area where the builder also had its highest average value of construction (~ $187k).
Although the leaderboard for new residential construction statewide has carried the same familiar names each month, when we take a closer look at each metro area, we find some shifts in ranking and newcomers each month to the “top 5” charts.
In Houston, the top three builders have been consistent throughout July and August. Out of more than 300 active builders in Houston last month, D.R. Horton led with 170 permits and a total construction value of nearly $24M. Lennar Homes ranked second highest with 147 new permits and close to $24M in total value on file with HBW, while KB Homes held on in third with 113 housing starts and nearly $14M in value.
Out of nearly 270 active home builders in Dallas last month, D.R. Horton and Lennar Homes continued to make their mark as they maintained their leads at the #1 and #2 spots for total new residential construction permits. D.R. Horton had the most housing starts in the area with nearly 250 new permits and more than $57M in construction value, while Lennar Homes was second highest with 146 new permits and close to $42M in value. Although Pulte Homes was not on the top five for Dallas in July, they jumped up and ranked third highest for housing starts in August with 106 new permits and a total construction value in excess of $23M.
Nearly 100 home builders were active with housing starts in Austin last month. D.R. Horton jumped two spots from July to the lead in August as it more than doubled its activity in one month’s time with 124 housing starts and more than $18M in construction value. Although KB Homes saw a month-to-month increase in total housing starts it slipped to the #2 spot with 122 new residential construction permits and close to $23M in total value. Gehan Homes was a newcomer to the top three in Austin last month and ranked third highest with 58 housing starts and nearly $16M in construction value.
While San Antonio experienced a dip in housing starts in comparison to July, there were nearly 125 active home builders breaking ground in the area last month. KB Homes moved up one spot from July to the lead in August with 53 housing starts and more than $9M in total construction value. While Continental Homes was consistent in total new permits from July to August, it dropped one spot in the ranks to second with 48 housing starts and more than $11M in value for the month. Although Armadillo Homes didn’t make the top five in July, it jumped to rank third highest in August with 20 housing starts and nearly $4M 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.