D.R. Horton led new residential construction in Texas last month, with nearly 700 new permits added to the HBW database.
Earlier this month, we reviewed the top counties and areas in Texas that were booming in new residential construction last month. With approximately 5,100 housing starts on file in Austin, Houston, Dallas and San Antonio combined, we took a deeper look to identify the leading companies that drove residential construction in each area. Across the Lone Star State, and including the areas listed above, there were three companies that added the most new residential permits to the HBW database in February. The top three companies for total housing starts are as follows:
#1. D.R. Horton
#2. Lennar Homes
#3. Pulte Homes
D.R. Horton was the leading company in three out of four of our focus areas, with 689 housing starts in February. Lennar Homes followed in the second spot with 280 new permits for the month, while Pulte Homes was third highest with 204 housing starts throughout the state.
Although D.R. Horton took the top spot statewide for the month, there are a number of prominent builders in each major metropolitan area. The top five builders in each area are as follow:
As may be expected, D.R. Horton led Dallas in new residential construction last month. Having 273 housing starts on file and a total construction value of nearly $62 million, the company took a major lead in the area. In the second highest spot, Pulte Homes had 87 new residential construction permits for the month and a total value in excess of $17.5 million. Not far behind, Darling Homes came in at #3 with 71 housing starts and a total construction value close to $28.6 million.
D.R. Horton also held a significant lead on housing starts in Austin. With a total construction value of nearly $16.8 million, the company had 102 new residential construction permits on file for the month. KB Homes was also active in Austin last month, with 60 housing starts and a total value of more than $9.7 million. With the highest average value of the top three builders in the area, Pulte Homes held in at #3 with 42 starts and a total construction value of nearly $10 million.
D.R. Horton flourished in Houston last month with 314 housing starts and a total construction value in excess of $43 million. Lennar Homes was also active in the area with 148 housing starts for the month and a construction value of nearly $23.7 million. Although in third, Perry Homes held the highest average residential construction value out of the top five in the area with 143 starts and close to $31 million in total value.
In San Antonio, another leader emerged in residential construction… Continental Homes was responsible for just over 15% of new residential construction in the area last month. Taking the #1 spot, Continental Homes had 79 housing starts and a total construction value of nearly $17 million. At the second highest spot for new residential construction, KB Homes had 29 starts and a total construction value just under $5.9 million. Close on the heels of KB Homes, Lennar Homes had 25 new residential construction permits on file last month and a total construction value of more than $6.7 million.
Information utilized for the graphs and above listed figures was directly derived from HBW builder data reports. To gain access to the HBW database and receive custom and detailed reports on the latest building activity in Texas and beyond, please contact HBW for details.