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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.

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    millennial magnet

    Dallas ranks among 15 hottest U.S. metros for millennial homebuyers

    Amber Heckler
    Jul 20, 2026 | 11:16 am
    Millennial movers, moving
    Photo by Vitaly Gariev on Unsplash
    Dallas is one of the 15 hottest destinations for millennials.

    Dallas and its surrounding cities have already proved to be a magnet for millennials, and now a new national housing report has established the city as one of the 15 hottest destinations for millennials, whose local homeownership rate has soared since 2018.

    The number of millennials who own their homes in Dallas has grown from 229,497 to 451,826 households over the last five years (96.9 percent), according to a new housing analysis from RentCafe.

    The study compared homeowner growth rates versus renter growth rates of millennials — based on Pew Research Center's definition as individuals born between 1981 and 1996 — across 107 U.S. metro areas from 2018 to 2023.

    Dallas ranked No. 15 in the overall list of U.S. metros that have seen the highest increase in millennial homeowners since 2018. About 47 percent of all Dallas-area millennials own their homes, with the remaining 53 percent renting, the report found.

    "The top 20 metro areas with the greatest increases in Millennial homeownership are led by sunny regions in Florida and California," the report said. "Unexpected urban hubs such as Dallas, San Antonio, Philadelphia, and New York also made the list with ownership growth rates reaching 90 percent or higher."

    Dallas also ranked 27th in the national list of cities with the biggest growth rates among millennial-age renters. The number of millennial renter households jumped from 465,560 to 507,416 in five years, a 9 percent hike.

    About 5.3 million millennials have become homeowners over the last five years nationwide, RentCafe's analysts said, which represents a massive 74 percent increase in millennial-owned households. The growth rate of renters was much lower in comparison.

    "At the same time, the number of millennial renters in the U.S. rose by a modest 5 percent, adding approximately 600,000 households," RentCafe said. "This brings the total number of millennial homeowner households to 12.4 million, close to the 12.6 million millennial renter households."

    While the rate of millennial homeowners is on the rise, the same can't be said for Gen Zers. About 12 percent of all Gen Z households in Dallas-Fort Worth own their homes, while the vast majority are renters, a separate RentCafe study found.

    Elsewhere across the state, Austin (No. 7) and San Antonio (No. 10) ranked among the top 10 U.S. cities with the biggest growth rates among millennial homeowners.

    The top 10 U.S. metros with the highest gains in millennial homeowners are:

    • No. 1 – North Port, Florida
    • No. 2 – Lakeland, Florida
    • No. 3 – Jacksonville, Florida
    • No. 4 – Stockton, California
    • No. 5 – Oxnard, California
    • No. 6 – Palm Bay, Florida
    • No. 7 – Austin, Texas
    • No. 8 – Tuscon, Arizona
    • No. 9 – Deltona, Florida
    • No. 10 – San Antonio, Texas
    rentcafestudyreal estatehousing reportmillennialsdallas
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