Examining New Construction in DFW & What to Expect Moving Forward
Posted by Kenneth G. Cox on
With the Dallas area benefiting from a stronger economy than what the rest of the nation is experiencing, new construction is a segment of the market that continues to be booming all throughout North Texas, even though it’s still not keeping up with demand. Nationwide, new construction in 2015 hit its highest annual level since 2008, and here in Dallas, activity seems to be showing few signs of slowing down.
Perhaps what’s most interesting about Dallas new construction is that two-thirds of all new development over the past 12+ months has been residential, which primarily consists of detached single-family residences believe it or not. For DFW specifically, it’s an encouraging trend some industry experts feel can be directly related to more people finally…
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