Blame It On the Rain, but DFW Home Starts Dropped

Builders started 5,740 homes, the lowest number of quarterly home starts in the area in more than a year, according to Residential Strategies Inc.

"As we suspected, the very wet weather we experienced this spring slowed our start rate,” said Residential Strategies Principal Ted Wilson. "If the weather cooperates over the next three months, I think we will have a huge second quarter.”

Whatever the reason, Real Estate Center Research Economist Dr. Jim Gaines said he was surprised to see home starts down.

"[Builders] will have a hard time catching up," he told the Dallas Morning News. "You are going to have another year of very tight housing inventory in North Texas."