As has been the case for several years, the Dallas-Ft. Worth area is a hot market that’s only getting hotter! From millennials to boomers and everything in between, people of all ages flock to DFW and North Texas for a variety of reasons. Quality of life, good employment opportunities, culture, great people, community, sports; you name it, you’ll find it here. Maybe this is why so many new homes are being built in the area, to accommodate all those who have made DFW their destination!
A new report from Metrostudy Inc. revealed that in 2018 the Dallas-Ft. Worth metroplex was number one in the U.S. home building market for the number of homes that began construction. DFW has been number one for most new home starts for three consecutive years.
According to the report, last year there were around 35,000 homes in North Texas that began construction, compared to 30,146 in Houston and just over 28,000 in Central Florida. In the DFW area new home starts for 2018 increased by more than 4%, the most in a one-year period since the recession.
On the new homes pricing front, the report revealed that the median price declined in 2018 throughout the metro area, a fact indicating that potential home buyers are leaning toward homes that are smaller and more affordable.
As mortgage rates are on the increase, buyers who are interested in new construction homes are looking for those priced in the $350,000 and lower range.
It’s clear that North Texas is the place to be! From McKinney and Fort Worth to Forney, Lake Dallas, Burleson and Denton, our Dallas real estate professionals have beautiful homes in all price ranges available. Let us help you find those that meet your criteria, a home you will love to call your own.