Go further North young family, go further North! The building permit decline didn't occur across the board. January building permits jumped 87% in Anna. Permits in Melissa also rose, from 59 in January 2021 to 89 in January of this year, which is a 51% increase. Denton new home permits jumped 171%, from 77 in January 2021 to 209 in January 2022. Sherman rose 69%, from 32 in January 2021 to 54 in January 2022.
31% of Closings in Exurb Counties
Forget Dallas, Tarrant, Collin and Denton Counties. The move is on to the exurbs. This month, November 2021, 31% of all RMDFW home closings were NOT in the main four metro counties. The closings were in Kaufman, Rockwall, Ellis, Grayson, Hood and Johnson counties – the new exurb counties of the Metroplex. Affordable, new housing is sprouting up 25, 35, 45 miles away from Dallas – and young millennial families are snatching them up. One year ago, 15% of all November RMDFW closings were new homes sales. This November it is about 42% - a huge increase. Since there is a lack of inventory for new homebuyers, they are moving further out to the exurbs. Kaufman County (Heartland, Forney, Crandall) leads the way, then Rockwall County (Royce City, Fate), then Grayson (Van Alstyne, Melissa).