DFW Home Builders Picking up the Pace to Close Out 2015
Posted by Kenneth G. Cox on
It’s safe to say 2015 has been a crazy year for the DFW real estate market, from reaching record breaking sales prices to the delivery of all kinds of exciting new rental projects over the past 9 to 12 months. But because the rental market has been so red hot for the better part of this year and development around the DFW region has had a strong emphasis on new apartments, few can argue it’s resulted in a rather limited inventory of available condos and single-family homes—something North Texas home builders are now starting to recognize.
According to a recent report from Dallas Business Journal, DFW home builders have boosted new home starts in the third quarter by nearly 22% from this time last year in a strong effort to help meet the demand caused so…
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If you haven’t noticed how crazy the Dallas apartment market is right now, you clearly haven’t been paying attention. As one of the hottest markets in the entire country, rentals all throughout the DFW area are at a premium right now, especially among new construction units. Last year, renters were jumping all over area rentals as quickly as they were coming to market, with 15,226 units being leased, when only 15,575 were completed. 
Deep Ellum is one of our favorite downtown Dallas neighborhoods, and in saying that, we’re probably not alone. Known for its widespread culture and unique urban ambiance, there’s no better place to experience big city living in Dallas than right here in the Deep Ellum neighborhood. The art galleries, the music venues, and all the different kinds of restaurants and shops combine to form a lively and energetic atmosphere that you just don’t see in other parts of town.