Oil who? North Texas new home market healthyOil who? North Texas new home market healthyhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=120362016-02-08T06:00:00Z2016-02-08T22:00:00Z

​​​​​​DALLAS-FORT WORTH - Declines in oil prices and the stock market have so far not hammered the North Texas homebuilding market.

And with thousands of new corporate jobs still on the way, the housing market will remain be strong this year, Ted Wilson, principal with Dallas housing analyst Residential Strategies predicts.

New home starts in North Texas will total about 30,000 houses this year, up from less than 28,000 starts in 2015, Wilson forecasts.

Construction of North Texas homes priced under $280,000 rose by less than 3 percent last year and the median price of new houses sold in 2015 was $308,261.

Ranked by 2015 starts, the top homebuilding markets last year in North Texas were West McKinney (1,403), West Frisco (1,156), Fort Worth’s 287 corridor (1,020), East Frisco (956), the US 380 corridor in south Collin and Denton Counties (903) and Southwest Fort Worth (750).

While the largest start totals are concentrated in those areas, building activity is spreading as builder seek more affordable construction sites.
Dallas Morning News
Dallas-Fort Worth-Arlington

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