Dallas-Fort Worth sees burst of new home construction via Dallas Business Journal

As the home industry rebounds, Dallas-Fort Worth home builders are back in business putting up 5,861 new homes, which is a nearly 27 percent jump year over year.

In the past 12 months, North Texas builders put 20,339 new homes on the ground.

Even though there's a surging demand for new homes, builders are constrained by shortages of skilled labor and rising prices in certain construction materials, said Ted Wilson, principal with Residential Strategies Inc., which tracks and measures North Texas' residential market.

"The home building industry has experienced significant price increases during the past year," Wilson said. "Builders have had to digest higher construction and lot costs. Many of those costs have been passed on to the consumer this past quarter in the form of price increases."

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