Troubles in the oil patch have helped flip Dallas over Houston in housing starts, the Houston Business Journal reports.
For years, Houston has led the nation in new home starts — but not any more.
Dallas has overtaken Houston as the top home building market in the U.S., according to Metrostudy Inc., a housing research firm (and BUILDER corporate sibling).
After the first quarter, Dallas-Fort Worth builders are on track to start construction on 28,878 new homes in 2016. That’s 1,615 more homes than expected in Houston, according to Metrostudy.
New home starts in Dallas were up more than 20 percent in the first quarter while Houston starts plunged by 10 percent, according to Metrostudy.