Almost 27,000 apartments were under construction in North Texas at the end of March, more than any other U.S. metropolitan market, according to MPF Research.
Other highlights from Steve Brown’s speech to the Dallas Builder’s Association – 10,000 in population growth a month in DFW. Inventory levels of available homes for sale at 20-year low. Only 2,423 new homes are currently available. Sales of homes at $500K and up are up 30% or more with sales of homes at least $1M up 53%. Hottest residential real estate market he’s seen in his 30 years of coverage.
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