The market for new single-family home construction varied across most North Texas suburbs in 2023.
New single-family homebuilding permits were down 22% in Frisco, 32% in Little Elm, 9% in Prosper, 40% in Sherman, and 13% in Denton through the full year of 2023, according to data compiled by Addison-based Tomlin Investments that was provided to The Dallas Express.
On the other hand, single-family home permits increased year-over-year in Celina, from 1,650 to 2,503 (+52%), in McKinney, from 1,258 to 1,853 (47%), in Princeton, from 1,041 to 1,708 (64%), in Melissa, from 906 to 942 (4%), in Anna, from 857 to 956 (10%), and in Sanger, from 70 to 108 (54%).
Tomlin Investments does not track single-family permits for Dallas, but data from the City’s Development Services Department (DSD) shows that 1,795 single-family plan review submittals were received in FY 2022-2023, a nearly 30% decrease from the 2,533 reported in FY 2021-2022.
Although DSD issued fewer permits in 2022-2023 than in 2021-2022, the department managed to accelerate permit turnarounds by about 80% during the period. Overall, DSD’s single-family permit turnaround time fell from 68 days in 2022 to just 14 days in 2023, according to data from Dallas’ residential permit activity dashboard (RPAD).
However, even though DSD has made a concerted effort to improve its permit process and community outreach, the department is still suffering in certain areas, primarily on the commercial side of development, as previously reported by The Dallas Express. Multiple commercial builders have reported delays in obtaining permits from the City of Dallas under the leadership of its city manager, T.C. Broadnax.
Despite some parts of North Texas experiencing a slump in annual homebuilding permits, the Dallas-Fort Worth metro remains a prominent market for new home construction — partly due to the influx of new residents fleeing states like California and New York for better opportunities in North Texas.
