DFW home starts fall, closings rise in 1QDFW home starts fall, closings rise in 1Qhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=223222019-04-15T05:00:00Z2019-04-16T00:00:00Z

​​​​​​DALLAS-FORT WORTH – New-home starts in North Texas fell slightly in the first quarter after experiencing a similar decline in fourth quarter 2018, according to Residential Strategies Inc. 

Local homebuilders started on 8,439 new homes in last quarter, down 4.4 percent from the 8,823 starts in first quarter 2018.

DFW's annual new-home start rate (April 1, 2018, through March 31, 2019) stands at 34,740 units.

New-home closings climbed slightly to 8,068 units, up 2.3 percent from the same timeframe in 2018.

Preowned housing sales are down slightly in DFW as well.

According to the Real Estate Center, there were 99,159 resales in the 12 months ending February 2019. That's down 3.47 percent compared with the year prior.

For more, check out the Center's Texas Housi​​ng Insight​ report. 

Dallas Business Journal
Dallas-Fort Worth-Arlington

​Check out ​the February 2019 DFW Housing Report​ from the Real Estate Center at Texas A&M.

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