A push by builders to construct more affordable houses has fueled the largest number of North Texas home starts in more than a decade. Dallas-Fort Worth builders started 8,812 houses in the second quarter -- the greatest quarterly building total since fourth quarter 2006, housing analyst Residential Strategies Inc. reports.
"Builders focused on house prices under $300,000 reported brisk sales throughout the quarter," Ted Wilson, principal with the Dallas-based home consultant, said. "Sales activity over $500,000 was choppy."
Builders sold 8,244 homes in the second quarter, up almost 13 percent from a year earlier, scaling a new peak in quarterly sales since the summer of 2007. Starts during the period were 12 percent higher from second quarter 2016 -- most of the rise in home construction came for houses priced under $300,000. The biggest increases in starts during the quarter were in Celina, Southwest Fort Worth, Forney, Wylie, the Colony and Princeton. With the push to build fewer expensive houses, the median price of new homes started in the area fell to $344,094, down from almost $352,000 a year earlier.
- Dallas Morning News, July 10, 2017