Homebuilders rushed to increase construction the fourth quarter, growing the number of single-family home starts by more than 20 percent from the same period in 2016. The jump Dallas-Fort Worth homebuilding in the final months of the year pushed total North Texas single-family starts to 33,891 homes for 2017 - the strongest building volume in a decade, according to data from Residential Strategies. "It's evident builders are revving up," said Ted Wilson, principal for the Dallas-based housing analyst.
With more construction, the number of houses builders have in inventory has grown. At the end of 2017, there were about 5,750 unfinished vacant new houses in D-FW - a 2.2-month supply. A year earlier there were only about 4,400 new homes in inventory. Wilson said builders are starting more speculative houses to meet buyer demand. "We are getting more finished inventory on the ground which is great for the relocation buyers," he said.
- Dallas Morning News, January 9, 2018