Monday, April 07, 2014

Dallas-Fort Worth new home starts highest in seven years

First quarter home starts in North Texas jumped almost 70 percent from a year ago. (DMN files)
North Texas home starts jumped almost 60 percent in the first quarter.
The big percentage risie in home starts was much greater than anticipated, and probably won’t continue through the rest of the year, analysts say.
“There is a lot of construction that wasn’t started in December because of the weather and that got pushed in to January,” said Ted Wilson, with Dallas-based housing analyst Residential Strategies. “On top of that we had a normal first quarter increase in activity.”
Builders started about 7,300 single-family homes in the Dallas-Fort Worth area in the first three months of 2014, Residential Strategies reported Thursday.
That’s the highest quarterly home start rate in the D-FW area since 2007.