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REAL BIG NEWS

Dallas-Fort Worth booms as No. 2 U.S. metro for new home construction in 2023

Amber Heckler
Jun 16, 2023 | 2:00 pm
Home construction

Three major Texas metro areas have the highest new home construction rates in the nation, with Dallas-Fort Worth right in No. 2.

Photo by Josh Olalde on Unsplash

Dallas already has one of the most active real estate development markets within the last decade and holds the crown for the most built-to-rent homes. Now, the Dallas-Fort Worth metro area has now earned the silver medal for the highest new home construction rate in 2023, according to a recent analysis by Chamber of Commerce.

The booming housing construction is just one way Dallas is trying to keep up with its remarkable population growth.

The June 2023 edition of the "Cities with the Most New Homes" analysis discovered that despite new home permits being down over 20 percent year-over-year from 2022, the Metroplex's housing market is still on the rise.

"Numerous factors such as limited inventory in the existing home market, high mortgage rates, and supply chain issues have created a bottleneck for new home construction," the report's authors said. "It remains to be seen whether new home construction will catch up with the current demand, but it’s clear that some cities are experiencing a building boom when it comes to new homes."

Over 20,600 new home construction permits have been issued for the metro area thus far, consisting of both single- and multi-family residential homes. Dallas-Fort Worth also ranks No. 2 with more than 12,700 single-family home permits issued this year, and 7,881 for multi-unit residential homes.

For reference, Houston landed in the top spot for the most single-family home permits, at 15,391. New York City ranked No. 1 with the highest multi-family home construction permits, totaling 10,155.

On average, 5,156 Dallas-Fort Worth home permits are being issued every month in 2023, which is also the second highest rate in the nation. In layman's terms, our real estate market is still hot.

The top 10 metro areas that have the highest new home construction in 2023 are:

  • No.1 – Houston
  • No. 2 – Dallas-Fort Worth
  • No. 3 – New York City
  • No. 4 – Phoenix
  • No. 5 – Atlanta
  • No. 6 – Charlotte, North Carolina
  • No. 7 – Austin
  • No. 8 – Orlando
  • No. 9 – Nashville
  • No. 10 – Los Angeles
The study analyzed data from the U.S. Census Bureau and the Department of Housing and Urban Development to determine the total number of new home construction permits issued in 2023 throughout 225 metro areas in the country.
The full report and its methodology can be found on chamberofcommerce.org.
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living single

Dallas lands among 10 most affordable U.S. metros for living alone

Amber Heckler
Oct 21, 2026 | 9:10 am
Dallas skyline
Getty Images
In DFW, renters can afford to live solo.

Not everyone is cut out for living with roommates, but finding an affordable place to live alone can be tricky. Luckily, Dallas-Fort Worth sits among the top 10 most affordable U.S. metros for living by yourself, according to a new report.

Analysts at Apartments.com discovered North Texas renters spend the seventh lowest share of their monthly income on single-bedroom rent out of the 50 biggest metros in the U.S.

The study used a 30 percent "common budgeting guideline" to calculate the share of median renter household income spent on one-bedroom asking rents across the 50 largest U.S. metros, and determined renters can only afford to live alone in 24 of the 50 metros without crossing the 30 percent threshold.

The median annual income of a DFW renter household is $63,172, and the findings show the typical asking rent for a one-bedroom apartment comes out to $1,348 per month. The study determined single renters spend 25.6 percent of their monthly income on rent based on the budgeting suggestion.

Texas' favorable rental market also extends outside of the Dallas-Fort Worth Metroplex: Austin surprised as the No. 1 most affordable metro for living alone, and San Antonio appeared among the top 10.

Austin renters spend the smallest share of their income on single-bedroom apartment rent, at 23.1 percent. That's based on a median renter household income of $70,008 and a $1,348 monthly one-bedroom asking rent price.

Dwindling rent prices and the prevalence of major tech employers are also attracting new renters, and the city has an 11.6 percent apartment vacancy rate.

"The average rent in Austin has decreased year over year, and construction of new housing increased by 30 percent over the past decade," the report's author wrote. "Tax incentives in Texas draw large tech corporations, like Google and Apple, to the Austin area, which has increased average wages, added more jobs to the local economy, and attracted renters in the process."

San Antonio ranked right above DFW in sixth place nationwide with solo renters spending 25.4 percent of their monthly income on single-bedroom rent, coincidentally the same share as single renters living in Raleigh, North Carolina and Salt Lake City, Utah.

This is the income and one-bedroom rent data in San Antonio:

  • $51,029 – median renter household income
  • $1,082 – one-bedroom monthly asking rent

A separate Apartments.com survey found 39 percent of U.S. adults would never feel comfortable living with a roommate, and 16 percent of renters would rather pay more in rent to live alone than consider living with a roommate.

"Factors contributing to lower rents may include recent high levels of construction, rising vacancy rates as renter demand catches up to supply, and fewer regulations, such as flexible zoning and lower development costs compared to other parts of the country," the report said. "Living alone has become a non-negotiable for many renters, and some renters are willing to make tradeoffs to afford this lifestyle."

The top 10 most affordable U.S. metros for living alone are:

  • No. 1 – Austin
  • No. 2 – Oklahoma City
  • No. 3 – Phoenix
  • No. 4 – Raleigh, North Carolina
  • No. 5 – Salt Lake City, Utah
  • No. 6 – San Antonio
  • No. 7 – Dallas-Fort Worth
  • No. 8 – Denver
  • No. 9 – Portland, Oregon
  • No. 10 – Columbus, Ohio
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