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DFW home starts continued to surge in 4Q 2014DFW home starts continued to surge in 4Q 2014https://www.recenter.tamu.edu/news/newstalk-texas/?Item=20302015-01-09T09:57:00Z2015-01-09T07:46:00Z

DALLAS-FORT WORTH - A jump in fourth quarter home starts made 2014 the best year for home construction in North Texas since the recession.

Builders started 30 percent more houses in fourth quarter 2014 compared with 4Q 2013, according to a new report by Residential Strategies Inc.

For all of 2014, 25,902 homes were started in North Texas, a 91 percent increase in home construction since 2011.

New home sales were 11 percent higher in the final months of last year. In 2014, North Texas home builders sold 21,792 homes — an increase of 12 percent over 2013 levels.

The number of new houses on the market for DFW consumers to choose from remains very low. At the end of 2014 there were only 3,376 finished vacant houses in North Texas, only about a two-month supply.

Even with the rebound in home building during the last few years, new home starts in North Texas remain almost 50 percent behind where they were in 2006 before the recession hit. Builders started more than 48,000 houses in the region at the peak of the market.

tag: housing DFW, housing data

Dallas Morning News
Dallas-Fort Worth-Arlington
Housing
http://bizbeatblog.dallasnews.com/2015/01/d-fw-home-starts-surged-30-percent-in-fourth-quarter.html/Read more at {Source}

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