After three years of declines in home construction, Dallas/Ft. Worth's home building market has picked up. Home starts in the DFW area rose by 10 percent in the fourth quarter, the first increase since 2006.The number of vacant new homes on the market is falling to historic new lows (only about 4,200 houses) it's time for builders to start putting up more. Last year, they built only about 13, 500 single-famly homes. The number of new homes for sale on the market is as low as it's been since the 1970's. The DFW area has only about a three month supply of finished vacant new houses. That's less than half the nationwide average. A housing market is considered balanced with a supply of slightly less than 6 months.
Information from The Dallas Morning News 1/15 Steve Brown
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