
Based on the latest construction data on record with HBW, there were 7,680 new residential building permits with a total value in excess of $2.4 billion added to the HBW database for Texas during the month of March; this reflects approximately a 42 percent month-over-month increase in new permits. Out of the four major metro areas reviewed (Dallas, Houston, Austin, and San Antonio), Houston carried the highest concentration of new home construction (3,579 permits), while the highest average value of new projects could be found in Dallas (average value: $373,181).
When utilizing HBW’s construction data reports to identify the leading contractors behind the latest figures, we are able to take a closer look at the contractors that are driving new home construction activity throughout Texas. From the combined total of new permits collected statewide, there are three major players in the industry that are leading residential construction in the Lone Star State; nearly 25 percent of all new permits recorded for March originated from three mega-builders: Lennar Homes (967 permits), D.R. Horton (550 permits), and Meritage Homes (352 permits).
In addition to the three industry leaders, there are a number of contractors that are holding strong within each region reviewed, contributing to residential construction gains across the state. Here are the five leading home builders in each of the four major metropolitan areas of Texas during the month of March:
Houston
Last month, there were 370 contractors with new home construction activity on record with HBW for the Houston area, and the following ranked as the top five for total new permits:
Builder | Total Permits | Average Value |
1-Lennar Homes | 460 | $ 243,109.00 |
2-Perry Homes | 206 | $ 347,508.00 |
3-D.R. Horton | 191 | $ 257,356.00 |
4-David Weekley Homes | 176 | $ 288,345.00 |
5-Meritage Homes | 125 | $ 304,142.00 |
Dallas
In Dallas, there were nearly 300 home builders with new construction activity on record for the month of March, and the following ranked as the top five for total new permits:
Builder | Total Permits | Average Value |
1-D.R. Horton | 278 | $ 294,218.00 |
2-Lennar Homes | 272 | $ 280,147.00 |
3-Meritage Homes | 198 | $ 249,230.00 |
4-NRP Construction | 142 | $ 220,208.00 |
5-Camillo Properties | 84 | $ 359,318.00 |
San Antonio
In the San Antonio area, there were more than 120 contractors with new residential construction permits on record with HBW last month, and the following ranked as the top five for total new permits:
Builder | Total Permits | Average Value |
1-Lennar Homes | 215 | $ 153,520.00 |
2-KB Homes | 52 | $ 188,140.00 |
3-Ashton San Antonio Residential | 34 | $ 290,118.00 |
4-M/I Homes | 33 | $ 211,695.00 |
5-Perry Homes | 31 | $ 243,772.00 |
Austin
Last month, there were approximately 85 contractors with new home construction activity on record within the Austin area, and the following ranked as the top five for total new permits:
Builder | Total Permits | Average Value |
1-D.R. Horton | 80 | $183,138.00 |
2-Taylor Morrison Homes | 70 | $225,114.00 |
3-Tri Pointe Homes | 37 | $297,295.00 |
4-KB Homes | 36 | $412,317.00 |
5-Perry Homes | 36 | $391,425.00 |
To gain more information on the builders, homeowners and permits for the construction activity above, check out HBW for your copy of the latest 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.