Metrostudy: DFW housing finishes 2014 on strong noteMetrostudy: DFW housing finishes 2014 on strong notehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17782015-02-10T13:57:00Z2015-02-10T06:45:00Z

DALLAS-FORT WORTH - The housing market ended 2014 on a strong note with starts during fourth quarter 2014 jumping over 20 percent, according to Metrostudy.

Annual new home starts pace rose to 24,000 homes during 2014, 13 percent higher than 2013 and 76 percent above the low in 2011.

The increased starts rate were driven by strong sales during 4Q 2014 with interest rates falling and builders slightly increasing their spec inventory heading into the spring selling season.

Higher lot prices in the submarkets driving the early years of the recovery have pushed buyers to the next location. New home closings jumped 10 percent in 2014 to 21,900 homes.

Completions exceeded closings by 800 homes during the year causing finished inventory to grow 26 percent. However, inventory continues to remain near a historically low level.

The top four submarkets — North Fort Worth, Frisco, McKinney and Denton County — accounted for 32 percent of the starts in the region.

Lot deliveries exceeded starts in 2014 for the first time since 2007. Even with the increased deliveries, lot supply fell below 24 months for the overall market.

Dallas-Fort Worth-Arlington
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