North Texas builders scrambled to meet buyer demand in the first three months of 2107, starting the most houses in a single quarter since 2007. During the 12 months ending with March, Dallas-Fort Worth homebuilders started more than 30,500 houses - the strongest building performance since the Great Recession. "This represents the highest level of annual construction activity since fourth quarter 2007," said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies. "Reports from builders indicate that Spring 2017 has produced another solid period of home sales -- even with higher home prices and mortgage rates." First quarter home starts were up 16 percent from the same period in 2016. And builders sold an estimated 7,519 homes so far this year - about a 15 percent gain from year-ago totals.
- Dallas Morning News, April 2017