North Texas builders started the most number of houses in the second quarter in almost 12 years.
More than 9,900 Dallas-Fort Worth-area home starts were recorded — 12 percent more than in second quarter 2017, according to Dallas-based housing analyst Residential Strategies. The number was the most for any quarter since third quarter 2006.
“Most of the growth today is among affordable price points, especially the $250,000 to $350,000 range,” Residential Strategies principal Ted Wilson said in the report. “Builders are focused on taking costs out of their houses this year, and there has been a shift to sell homes with smaller square footages.”
“This has resulted in a highly competitive markets for the builders along the Dallas North Tollway corridor.”
North Texas builders sold 8,984 homes in the second quarter — up 9 percent from a year earlier. During the 12 months ending June, local builders sold more than 33,000 houses, the best performance in more than a decade, according to Residential Strategies.
Despite strong sales, increases in costs are taking a bite out of builders’ financial performance.
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