{{titleBar.title}}

{{titleBar.tagline}}

 

 

DFW housing starts break threshold of 4Q 2007DFW housing starts break threshold of 4Q 2007https://www.recenter.tamu.edu/news/newstalk-texas/?Item=163192017-04-19T05:00:00Z2017-04-19T22:00:00Z

​​​​​DFW – For the first time in this housing cycle, North Texas home starts topped 30,000 units in the four quarters trailing March 31, 2017.

This represents the highest level of annual construction activity since fourth quarter 2007, said Ted Wilson, a principal at Dallas-based Residential Strategies.

In 1Q 2017, builders produced 8,219 home starts, which is a year-over-year increase of 16 percent or roughly 1,132 homes.

And new home closing followed suit, according to Residential Strategies data, with builders closing on 7,519 units, which is a 15.2 percent increase year-over-year.

Meanwhile, existing home sales are also increased 3.24 percent to 98,725 sales for the trailing 12 months at the end of 1Q.

The demand for homes in North Texas shows no sign of slowing primarily because of the region's strong job growth, which is rooted in various companies relocating to Dallas-Fort Worth.

By the end of February 2017, North Texas added 119,300 net new jobs.

In the past six years, Dallas-Fort Worth has added 626,100 net new jobs, which is an expansion of 21.3 percent of the region's job base.
Dallas Business Journal
Dallas-Fort Worth-Arlington
Housing
http://www.bizjournals.com/dallas/news/2017/04/10/housing-market-in-dfw-hits-a-new-threshold-in-this.html

​Want more​ data? See DFW Housing Market Research. 

Read more at the {Source}

 Search NewsTalk Texas