DFW retail construction ramps up in suburbs
DALLAS-FORT WORTH – DFW retail construction increased 10 percent over the quarter in 4Q2019, with many new large-scale starts leading the trend.
Most of this activity is concentrated in the northern suburbs, with North Central Dallas and Far North Dallas accounting for 45 percent of new construction.
Total retail sales this holiday season rose 3.4 percent, with e-commerce sales rising 18.8 percent. This accounted for 14.6 percent of overall retail sales.
The DFW economy continued to post stable numbers through the rest of 2019, with the unemployment rate still low at 3.4 percent.
Housing continued to shine with Dallas maintaining its spot as the top market for new-home starts, with builders starting 34,361 homes throughout the year.
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