Being a new homebuyer in the Dallas-Fort Worth area is certainly no easy task this year. New statistics show that home price appreciation in Dallas has risen 8.4 percent year-over-year, a higher percentage than all other markets in the country outside of Denver and San Francisco. And part of the appreciation is due to low supply; as of now there is only a 1.7-month supply of homes in Dallas-Fort Worth, a much lower inventory than usual.
Does this mean that most buyers will have to reach deep into their pockets in order to find a home they truly want? Or will many buyers be out of luck in their search for an affordable home?
Dallas-Fort Worth Builders Work to Increase Inventory
In light of the recent demand for housing in Dallas-Fort Worth, History Maker Homes and other DFW homebuilders have been working aggressively to increase available inventory. To be sure, homebuilders in the area have boosted “new home starts in the third quarter by 21.8 percent year-over-year to help meet the demand caused by the influx of new jobs,” according to an article in the Dallas Business Journal. The Dallas-Fort Worth area saw an increase of 103,500 new jobs in the 12 months ending in August, which is nearly 50 percent of the total jobs added throughout the entirety of the state.
Despite aggressive expansion, have DFW homebuilders finished enough homes to meet the demand? According to the article, “Dallas-Fort Worth homebuilders started 8,014 homes and closed on 6,811 new homes during” the same period, which should help keep up with demand over time, but this also highlights how little time new-home inventory stays on the market.
History Maker Homes Has a Home for You in Dallas-Fort Worth
The shortage of homes coupled with the surge in new jobs has ultimately led to home prices rising, as mentioned above. And, this has left many Dallas-Fort Worth homebuyers struggling to find their dream home within their budget.
If you feel you are struggling to find your dream home in DFW for an affordable price due to limited inventory, you shouldn’t give up; instead, you should reach out to History Maker Homes, a reliable homebuilder in the Dallas-Fort Worth area. We have been operating locally since 1949, and have consistently strived to provide more space, choice, and value for your new home for over 65 years. And as a family-owned and operated company, we consider our customers’ satisfaction our top priority and pride ourselves on our sterling reputation as the premier Dallas-Fort Worth homebuilder.
Don’t adopt the mistaken belief that a new-construction home is more expensive than a comparable resale; ignoring all of the cost-saving benefits of a new home primarily concerning maintenance, you’ll be surprised by the great value and affordable prices offered by our new communities in DFW.
There is no better time than now to search for an affordable home in Dallas-Fort Worth. Contact History Maker Homes where you’ll quickly find that we adhere to our motto: More Home, Less Money.