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Houston Led Nation in '20 Home Construction Permits, Values Continue to Rise

Published Mar 15, 2021 by A.J. Mistretta

real estate

The Houston metro area logged 48,208 construction permits for new single-family homes in 2020, more than any other U.S. metro. 

Houston beat out Dallas-Fort Worth, which logged 43,884 construction permits, according to the National Association of Home Builders. The Phoenix (31,724), Atlanta (28,057) and Austin (21,653) metros rounded out the top five. 

Single-family home starts rose 20.2% in Houston last year compared with 2019. Statewide construction starts grew 18.9% year-over-year. 

When it comes to overall home sales, Houston logged a 9.2% increase in transactions last year. Dallas saw a 9.8% increase and Austin 8.4%, while San Antonio logged an impressive 11.5% jump. Statewide home sales increased 9.4% despite the pandemic, which the Texas Real Estate Research Center said highlights the disparate impacts the situation has had across the socioeconomic spectrum. “In general, families who bought a house were more likely to be able to work from home and keep their jobs during the pandemic compared with many lower-income and lower-skilled renter households who struggled financially.” 

According to Zillow, home values in the metro area have risen 7% over the last year and are expected to rise another 9.2% this year. 

Click here to see the most recent monthly home sales data. 

Executive Partners