Dallas ranks 2nd behind Houston for brand-new home building and construction, according to a study from Consumer Matters.
DALLAS– Dallas places second for new home building, falling simply behind Houston, according to a brand-new research study from Customer Matters.
Dallas provided greater than 9, 800 new structure authorizations in the very first two months of 2025, according to Consumer Matters, which assessed information on brand-new structure authorizations and new-construction home sales throughout the very first 2 months of 2025 The city also ranks 5th for new-construction sales in the exact same period, with concerning 740 new homes marketed, the research study found.
The data was sourced from the U.S. Census Bureau, and new-construction home sales data was sourced from Zillow, according to Customer Matters.
“These outcomes come as Dallas welcomes a ‘develop, child, develop’ mindset,” Dallas Mayor Eric Johnson stated in response to the research study. “With significant reforms to the city’s property and car park codes , we have actually cut red tape and lowered structure prices, encouraging the private sector to satisfy the growing need for real estate.”
Of the top 10 cities for new-home building and construction, four loss within Texas. Dallas is one of 3 leading 10 cities that saw the variety of structure allows released boost from January to February, according to Customer Affairs. Dallas also had the greatest typical cost for brand-new construction homes of all Texas metros at concerning $ 450, 000, according to the research study.
A September 2024 research study discovered that real estate is increasingly unaffordable in the city of Dallas.
Houston, which took the No. 1 place, saw more than 11, 000 brand-new structure permits issued in the very first 2 months of 2025, the research study found. Houston likewise saw 1, 314 brand-new building and construction homes market in just 2 months, according to Customer Matters. The journal associated Houston’s preeminence in brand-new builds to the city’s lack of zoning laws.
Dallas also recently saw a modification in policy, which can influence the variety of brand-new homes constructed here, according to the study. In Sept. 2024, the Dallas City board approved ForwardDallas, that makes it simpler to increase real estate thickness in property communities, WFAA previously reported.
“What we have is a supply issue,” stated John Quest, primary expert and principal at MarketNsight, a real estate analytics company. “The even more we can develop, the much less higher stress there gets on cost. … (and) the extra folks can manage a home,”
A current research study by the National Association of Home Builders found that 3 in 5 property buyers would choose to buy a new-construction home over an existing one.