DFW home lots deliver highest point since 2008DFW home lots deliver highest point since 2008https://www.recenter.tamu.edu/news/newstalk-texas/?Item=36112014-07-15T13:12:00Z2014-07-15T10:00:00Z

DALLAS-FORT WORTH - According to a report by Metrostudy, North Texas' new home lot deliveries exceeded the new home starts pace during second quarter 2014 for the first time since early 2008.

"Lot development activity has lagged new home starts in Dallas-Fort Worth since inventory hit a peak of over 90,000 lots in March 2008," David Brown, regional director of Metrostudy's Dallas office, reported.

"The most active submarkets in Dallas-Fort Worth that account for 75 percent of the new home demand only have a 14.6 month supply, which is well below the 20 to 24 months considered to be equilibrium," Brown added.

The demand for housing in the region increases as more and more companies expand and relocate into the DFW area.

In the DFW area, the median price of a new home rose 24 percent over the past three years to $269,400 in 2014 and 25 percent of new home closings in 2Q 2014 were under $200,000, which is a 40 percent increase since 2011.

Dallas Business Journal
Dallas-Fort Worth-Arlington
http://www.bizjournals.com/dallas/news/2014/07/14/home-lot-deliveries-in-dfw-reach-highest-level.htmlRead more at {Source}

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