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Homebuilding news

Dallas homebuilders optimistic about market amid coronavirus concerns

Elaine Raffel
Apr 20, 2020 | 3:34 pm
News_construction_new home
New homes are still going up.
Photo by Ralph Bivins

Despite coronavirus-related restrictions, homebuilding is alive, well, and even flourishing in Dallas, say three of the city’s most well-respected (not to mention, busy) industry pros.

Following a recent Zoom networking call for trade group Custom Builders USA, Jeff Dworkin, president of JLD Custom Homes, said 20-plus homebuilders agree: overall, the outlook is positive.

“For the most part, it’s business as usual," Dworkin says. "The only hesitancy is about adding more speculative inventory to the market, especially at higher price points."

There is one caveat: time. Delays have added two to four weeks to Dworkin’s average five-month-or-less turnaround time.

“We’re limited to the number of subs we can send to a job at any one time," the veteran homebuilder says. "Smaller crews help with social distancing, but not getting work done as timely.”

Securing permits also present challenges. “What we could do in a day now takes several weeks," he says. "And some, like demolition, are taking even longer because there’s no way to do it online."

On a positive note, orders and deliveries haven’t been impacted. “If anything is going to happen, it’s going to be 30 to 60 days down the road,” he says.

By then, Alford Homes founder Greg Alford is hopeful the entire city will be back in business.

“There are signs of it already," Alford says. "Two weeks ago, there was nobody on the road. Now, we’re seeing car after car on the toll road."

Currently, three Alford specs are available in Preston Hollow and the Park Cities; one more is on the way. In addition to local buyers, there’s been interest from New York and California.

His biggest frustration? Like Dworkin, it’s not being able to work crews to capacity. “It’s definitely slowing us down,” he says.

Industrywide, homebuilders are taking mandated guidelines seriously. The new normal includes hand-washing stations, masks, and gloves. It’s also common procedure to check temperatures, practice social distancing, and adhere to the “one in, one out” rule.

“We all need to do our part to follow the mandates. We can’t afford not to,” says Michael Munir, corporate president and chief operating office of Sharif & Munir.

Internally, the luxury homebuilder is also following protocol. Company employees alternate working remotely, and only a certain number can be in the office at any given time.

“During a draw week, it’s three, max. But in our 6,500-square-foot space, that’s more social distancing than at home,” he says.

As for business, every project on the books — even the most ambitious — is moving forward.

“No one has put a stop on anything already under way,” says Munir. “Interest is definitely strong. I’ve even had a couple of Zoom calls with prospects in the design phase wanting to build new homes.”

Dworkin concurs: “The folks who are out there now are real buyers.”

---

A version of this story originally was published on CandysDirt.com.

home-for-sale
news/real-estate

homebuyer power play

Dallas declared one of the top 10 buyer's markets in the U.S. right now

Amber Heckler
Sep 18, 2026 | 2:35 pm
Dallas skyline with reflection
joe daniel price/Getty Images
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The tide has turned for the Dallas housing market, and buyers now have more power than ever to negotiate on their forever home, a new real estate report has confirmed.

Dallas has now become one of the top 10 strongest buyer's markets in the nation with sellers outnumbering buyers by 107 percent, Redfin's newest market trends report found.

Nationally, sellers outnumbered buyers by 58 percent in August 2026, which Redfin says is the largest gap on record. Out of the 49 most populous metros in the U.S., only five are considered seller's markets, and eight are considered "balanced" markets where the number of buyers and sellers are nearly equal.

That leaves the remaining 36 most populated U.S. metros as buyer's markets, which includes the biggest cities in the Lone Star State. In fact, four Texas cities rank among the 10 strongest buyer's markets in the country right now: Houston (No. 3), San Antonio (No. 6), Austin (No. 7), and Dallas (No. 8).

There were 30,854 sellers on the market in Dallas last month, more than double the amount of buyers (14,865). The market's tilt in favor of house hunters allows more legroom to be picky with the increased supply of available housing, while falling demand indicates less competition with other buyers.

"In most markets, buyers should negotiate on price and ask for concessions like repairs or help with closing costs," said Redfin senior economist Asad Khan. "Buyers shouldn’t assume every seller will budge, especially on a desirable home that’s already priced well, but they don’t need to rush into a deal that doesn’t feel right."

For sellers that want to stand out in a saturated market, Redfin suggests they should price their homes competitively and be prepared to negotiate.

A separate Redfin report found mid-September is the best time for Dallasites to buy a home, but other experts say hesitant shoppers have until early October to take the plunge.

Regardless of the timeline, the report warns that the recent surge of available housing is only beneficial for homebuyers that can afford it.

"High housing costs and widespread economic uncertainty have caused many would-be buyers to back off in recent years, creating the imbalance of buyers and sellers we see today," the report said.

The median price of a home in Dallas came out to $408,561 in August, though 79 percent of all home sales in the city sold for below their original asking price.

The top 10 strongest buyer's markets in the U.S. are:

  • No. 1 – Nashville, Tennessee
  • No. 2 – Miami, Florida
  • No. 3 – Houston, Texas
  • No. 4 – Orlando, Florida
  • No. 5 – Las Vegas, Nevada
  • No. 6 – San Antonio, Texas
  • No. 7 – Austin, Texas
  • No. 8 – Dallas, Texas
  • No. 9 – Atlanta, Georgia
  • No. 10 – Phoenix, Arizona
"Nashville, Texas, and Florida are home to robust buyer’s markets partly because they have some of the most active homebuilding pipelines in the country, with newly built homes continuing to hit the market even as demand cools," the report said.
real estate housing market dallas real estate report housing
news/real-estate
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