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New Homes Under $200K Practically Non-Existant In DFW

money-graphAnnual new home starts rate is flattening as builders are losing the ability to push prices higher, according to a recent survey conducted by Metrostudy.

“Although the number of quarterly starts were similar between 3Q16 and 3Q15, the price distribution of the starts has shifted dramatically,” said Paige Shipp, Director of Metrostudy’s Dallas-Ft Worth region.

There is a strong demand and lack of supply for homes in the more affordable price ranges; homes under $200k have practically disappeared as this quarter sees a 26.3% drop in starts in that price range.

Read More at Metrostudy News

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