HBW Report: Texas top builders for total housing starts in February 2017.
Earlier this month, we took a look at permitting activity and new residential construction across Texas in February. With the Lone Star State having experienced a month-over-month increase of 25% in housing starts, close to 5,500 new residential construction permits were added to the HBW database last month. When looking at the top builders who were leading new construction for the given period, D.R. Horton remained a standout in areas like Dallas and Austin, while Continental Homes and Camillo Properties took top spots in San Antonio and Houston respectively. Here is a closer look at the top builders across the four major metropolitan areas in Texas last month.
In Houston, there were some shifts in the top five since January. Camillo Properties, Long Lake, LLC and Pulte Homes were all up one spot last month, and Camillo Properties ranked #1 with 161 housing starts and close to $24M in total construction value. More than half of Camillo’s housing starts took place in Harris County, but there was also a strong amount of activity in Brazoria. The average value of construction for the home builder fell less than the area’s average at just over $147k. Coming in a close second was D.R. Horton with 155 housing starts and more than $23.5M in total value, and Long Lake LLC was positioned third-highest with 90 housing starts and just over $7M in construction. Out of the top five builders in Houston, Long Lake carried the lowest average value of construction at ~$82k, while Perry Homes carried the highest average value of construction at $223k.
Out of the 653 housing starts in San Antonio last month, Continental Homes joined the top five for the first time this year and led the way having 118 housing starts and close to $27M in total construction value. All new residential permitting activity from the top five home builders in San Antonio took place in Bexar and Guadalupe counties. KB Homes was down one spot since January and ranked second with 57 housing starts and nearly $13M in total value. Close behind was Lennar Homes in third with 49 housing starts and close to $12M in construction value. Out of the top five builders last month, the highest average value of construction was held by RSI Communities at nearly $258k, while the lowest average value of construction was held by LGI Homes at just over $173k.
Last month, Austin experienced an 11% month-over-month increase in housing starts, and D.R. Horton was a leading builder behind the growth; having experienced a 60% month-over-month increase in new residential construction in the area, D.R. Horton had 319 starts and a total construction value in excess of $47M. KB Homes was ranked second and came up one spot with a 40% increase in activity since January having 74 housing starts and more than $12.5M in total value. Positioned in third, Lennar Homes was down a spot since January with 33 housing starts and more than $5M in total construction. Out of the top five home builders listed, Pulte Homes had the highest average value of new construction at close to $280k, while Milestone Community Builders held the lowest average value at $137k.
In Dallas, D.R. Horton reigned supreme and was ahead of January by close to 40%. The home builder had 272 housing starts and more than $50M in construction value in February, with close to half of all housing starts taking place in Tarrant County. Coming up two spots since January, First Texas Homes ranked second-highest last month with 99 housing starts and a total value of more than $34M. And while Pulte Homes dropped a spot, it experienced a month-over-month increase of more than 5% in residential construction activity with 63 housing starts and more than $15M on file for the month. Out of the top five builders, Lennar Homes had the highest average value of construction at more than $393k, and D.R. Horton carried the lowest average value of construction at close to $184k.
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.