Dallas area needs more than 132,000 additional home starts, Realtors’ report finds

b8f93499-184b-4b77-bedd-f36e0d5691ab.jpgBy Steve Brown and Dallas Morning News

Almost every sector of the Dallas real estate market has rebounded to pre-recession levels — some properties even more.

But homebuilding is not close to the volumes seen before the economic crash.

Home starts in the Dallas-area are about 40 percent less than they were in 2005.

And shortages of labor and rising construction costs have limited builders.

The Dallas area has one of the largest shortages of new single-family homes on any market in the country, according to a new study by the National Association of Realtors.

Builders would have to start more than 132,000 additional houses to make up for the lack of supply, Realtor researchers say.

Only New York City — with a 218,541 home start deficit — has a bigger shortfall of housing construction among major U.S. markets. Read More >