Austin leads nation in home-building

More homes are being built in the Texas capital than in any other metro in the country

Texas /
May.May 27, 2022 01:45 PM
A photo illustration of homes being built in front of the Austin skyline (iStock)

(iStock)

As far as the Sun Belt is concerned, summer’s already here — and the attendant seasonal homebuilding frenzy has moved in with the heat wave.

Austin’s pace of construction has accelerated and it’s now topping the list of U.S. metros building the most single-family homes, according to a Redfin report.

All of the top 10 cities on the list were in the nation’s Sun Belt. That’s not entirely surprising, given recent population shifts to Southern and Southwestern locales. Texas in particular saw an increase big enough to garner it two additional seats in the U.S. House of Representatives (and probably would have scored a third if not for a suspected census undercount). Austin’s rapid growth has pushed both housing shortages and rising prices to record levels.

Austin had 31.1 single-family building permits per 10,000 people in the first quarter of 2022, the most per capita of any major U.S. city. It’s followed on the list by Raleigh, North Carolina (30.7), Jacksonville, Florida (29.2), Nashville, Tennessee (26.6) and Charlotte, North Carolina (22.9) and Phoenix Arizona (22.7).

Houston pulled up seventh, with 22.4 permits per 10,000 people; Orlando (20.3), Dallas (18.5) and Las Vegas (17.2) rounded out the list.

Austin also took the study’s top spot for construction of multifamily properties, with 26.1 multifamily building permits per 10,000 people in the first quarter of the year. That list is more varied, with followed by Jacksonville (19.9), Salt Lake City (16.7), Orlando (12.7), Denver (12.6), Seattle (11.9), San Antonio, TX (11.5), Richmond, Virginia (11.5), Minneapolis (11.1) and Charlotte (11) falling in behind Texas’s capital city.





    Related Articles

    arrow_forward_ios
    (iStock, Illustration by The Real Deal)
    Austin home listings surge, topping nation
    Austin home listings surge, topping nation
    Core5 Industrial Partners' Timothy Gunter with Core Logistics Center (Core5)
    Top Texas building market adds $16M business park
    Top Texas building market adds $16M business park
    Archway's Eric Hawk and a rendering of Royal 114 (Archway, iStock)
    Giant industrial park slated for Dallas area
    Giant industrial park slated for Dallas area
    Tellus' Craig Martin and a map of the site (Tellus, Business Wire)
    Tellus buys big for $1.5B Texas development
    Tellus buys big for $1.5B Texas development
    Jerimi Nuckolls and Andy Lallathin (Coastal Ridge Real, iStock)
    Coastal Ridge builds to rent in Austin
    Coastal Ridge builds to rent in Austin
    First Guaranty Mortgage's Aaron Samples (First Guaranty Mortgage, iStock)
    First Guaranty ‘essentially shuttered’ in Dallas
    First Guaranty ‘essentially shuttered’ in Dallas
    Robert Dullnig and Arroyo Vista Rancha in Boerne (Robert Dullnig Kuper-Sotheby's International Realty, iStock)
    $21M Texas ranch includes indoor gun range
    $21M Texas ranch includes indoor gun range
    Stream Realty's Lee Belland and the corner of I-35 and Sixth Street (LinkedIn, Google Maps, iStock)
    Revitalization of Austin’s ‘Dirty Sixth’ a bit of a mess
    Revitalization of Austin’s ‘Dirty Sixth’ a bit of a mess
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...