DFW home starts reach cycle high
NORTH TEXAS – Despite increases in land, labor, and materials costs, North Texas annual new home starts set another housing cycle record in second quarter 2018, with area builders initiating construction on 9,902 units in the period.
The housing starts pushed the annual rate to 35,399 new homes in the July 1, 2017 through June 30, 2018 timeframe, according to a report from Residential Strategies Inc.
Annual starts are up 12 percent year-over-year.
Of the growth in new home starts over the past year, 8 percent has occurred under $250,000, 69 percent from $250,000 to $350,000, 18 percent from $350,000 to $500,000 and just 5 percent were over the $500,000 mark.
Source: NewsTalk Texas RSS
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