Dallas Home Starts Soar In Second Quarter!

Fort Worth Realtor

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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