If you're shopping for a new home in Dallas-Fort Worth, chances are that you're driving north. Almost half of the new houses started in North Texas last year were in the area between North Fort Worth and Denton County, stretching east to Collin County. "Nine of the top 14 active submarkets today are located in this area," said Brent Alexander of Dallas housing analyst Residential Strategies. "The U.S. 380 corridor remains the most active submarket."
Builders along U.S. Highway 380, which runs from Denton to McKinney, started more than 1,638 houses last year. "There are other hot spots for starts emerging," Alexander said, including Kaufman County, east and north McKinney and West Plano. But a map of home start concentrations last year shows that the lion's share of construction was on the north side of D-FW. Builders ended 2016 with a spurt of new starts — more than 6,400, according to Residential Strategies. "It's the most active fourth quarter in terms of starts in 10 years," Alexander said. With continued strong job growth in North Texas, 2017 is likely to be another big year for homebuilding, said Ted Wilson, Residential Strategies' principal.
- Dallas Morning News, February 6, 2017