Houston nails ranking as busiest home construction market in U.S.
Houston nails ranking as busiest home construction market in U.S. Houston issued more than 48,000 permits construction permits for single-family homes in 2020.
Photo by Ralph Bivins New single-family homes are popping up like mushrooms around Greater Houston, with the region nailing down its status as the busiest home construction market in the country.
Data from the National Association of Home Builders shows the Houston area issued 48,208 construction permits for single-family homes in 2020. That cements the Bayou City’s status as No. 1 among U.S. metro areas for single-family construction permits handed out last year.
New single-family homes are popping up like mushrooms around Dallas-Fort Worth, with the region nailing down its status as one of the busiest home constructi
Dallas-Fort Worth new homes hit record sales pace, HomesUSA.com report finds bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
As builders scrambled to keep up with demand, housing construction in Central Texas reached record levels in 2020, with home starts – and the median sales price of those new-homes – hitting all-time highs.
Industry experts say 2021 could mirror the housing market s recurring themes: high demand, low supply, and – to many buyers dismay – rising prices.
The median sale price for newly built homes in the Austin metro area last year was $313,594 – meaning half sold for more than that amount and half sold for less. The $313,594 was a 4.4% increase over 2019 s median price and a record for the area, according to industry firm Zonda, which tracks the housing market in the five-county Austin region that spans Georgetown to San Marcos.