Chart of the Week: Home Development Primed to Accommodate Job Growth

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By: Walter BialasHouse

We have an interesting resource that allows us to look at new home lot development across the metroplex.

The map below, created by Analyst Stephen Lopez of our Geographic Information Systems team, provides a good visualization of the activity across our northern suburbs, which is a major hot spot in our region.

What’s interesting to note is how this matches up nicely with the direction of job growth for the area.New Home Development - 7.21.16

Right now, there are 87,500 lots targeted to come on line – under construction, approved or planned.  For homes that have been recently finished, the pricing is pretty rich with averages coming in at $390K to $690K and up.  The good news is that of these recent completions, a quarter are priced as “starter homes” which are listed under $250K.

For more articles by Walter, please click here. You can also find reports and articles from the JLL Research team at http://www.jll.com/dallas/en-us/research.

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