Homes, values growing rapidly in BurlesonHomes, values growing rapidly in Burlesonhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=792015-08-24T14:01:00Z2015-08-24T06:45:00Z

BURLESON - Burleson's residential building is on track to surpass that of 2014.

According to new single-family home permits, 252 lots have been permitted for building so far this year, compared with 413 total last year.

The average home permit's square footage during July was 3,374 sf, with an average value of $202,518.

Although 12 fewer permits were issued for residences last month compared with July 2014, Burleson Assistant Director of Development Services Justin Bond said he anticipates 400 or more homes to be built this year.

"When we talk to the development community, they are very interested in getting new lots together because the demand is there from both homebuyers and builders," Bond said.

Staff predictions show 432 homes being permitted or completed by year's end, with an average value of $208,642. The average home value in 2014 was $201,010.

"The demand for a higher-valued home is a good indicator of a strong local economy," Bond said. "Putting more lots on the ground is a priority to keep the supply available to meet this growing demand."

Last year, Burleson came in second in the region for new single-family home permits in comparable cities, just behind Arlington.

Permits issued between January and November 2014 totaled 383 in Burleson, compared with 433 in Arlington.

The next-highest number of permits issued was in Waxahachie with 286.

Burleson Star
Dallas-Fort Worth-Arlington
http://www.burlesonstar.net/business/ci_28619138Read more at {Source}

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