top of page

Once far-flung Dallas-Fort Worth communities are the region’s next boomtowns

Updated: Apr 18, 2024

If you ask homebuilders where they think the growth of Dallas-Fort Worth is headed, they’ll start listing off towns almost as far away as Oklahoma.

Neighborhoods on the outskirts of Dallas and Fort Worth are seeing some of the most home sales activity not just in the metro area, but nationwide. RCLCO Real Estate Consulting ranked four D-FW communities among the 50 top-selling master-planned developments in the U.S. for the first half of 2022. Silverado, a D.R. Horton community just outside the city limits of Aubrey, ranked No. 3 in the nation, and Wildcat Ranch in Crandall, Magnolia Pointe just outside Josephine and Union Park in Little Elm also cracked the list. All four communities are at least a 30- or 40-minute drive from downtown Dallas.

Expanding too far has its challenges, however, particularly in terms of infrastructure. Some developers may not be willing to foot the cost of breaking into less-built-out communities.


Since the pandemic started, builders have ramped up construction and hit a peak of 16,000 homes in the first quarter of this year, according to Dallas-based housing analyst Residential Strategies. The strong demand for housing not only came from people looking from out of state but also people who wanted to move out of urban areas and apartments, jumping at the opportunity to buy while mortgage rates were at record lows.


That ramped-up demand, combined with skyrocketing prices for land, labor and materials, led to dramatic price changes in the exurbs. McDonald said, for example, that starting prices for new homes in Van Alstyne were around $300,000 before 2020, and now they’re closing in the $400,000s and $500,000s — prices that would have been a stretch even for Frisco just a few years ago.


Homebuilders have slowed down construction recently as buying activity cools due to higher mortgage rates, inflation and rapid home price appreciation. That may make things easier on fast-growing cities in the short term, especially the ones that need to build infrastructure such as sewer lines, streets and schools.


Meet the next North Texas boomtowns

As Dallas-Fort Worth grows, smaller cities in every direction are attracting the attention of builders and new residents. Here are some of the ones to watch.



留言


Info

USA O: .    +1 469 844 3817

Mex M: +52 462–265–0754

Mail: info@develexusa.com

Office

510 E Church St, Lewisville, TX 75057, EE. UU.

Tel: 214 222 5010

  • WhatsApp
  • Pinterest
  • Instagram
  • Facebook
  • YouTube
  • TikTok

©2022 por Develex

bottom of page