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26 February . 2019

Dallas-Fort Worth new-home sales projected to rise in 2019

Real estate experts are predicting that new-home sales in the Dallas-Fort Worth market will increase in 2019, reported Dallas News real estate editor Steve Brown in a recent blog.

Paige Shipp, regional director for Metrostudy, who was quoted in the blog as saying that builders should start about 36,000 new homes in the Metroplex this year. That’s about a 3 to 4 percent increase over 2018, when roughly 34,500 new homes were started.

Another housing research firm, Dallas-based Residential Strategies, is also predicting an increase in North Texas home starts this year, according to the blog.

The overall North Texas forecast outpaces the national outlook, which is projected to see a 2 percent rise in new home starts. That would make it the best year nationally since the Great Recession began in 2008, and continue the longest national economic expansion in recent history.

"2019 looks like a year of solid, if not spectacular, growth," said Robert Dietz, chief economist of the National Association of Home Builders, was quoted as saying in the blog. "I think new-home sales will be up a tad and existing home sales down."

Mortgage interest rates are expected to remain near their current historically low levels, predicted Frank Nothaft, chief economist with CoreLogic, in the Dallas News blog. However, he also predicted that rates could begin to rise later in the year.

Many housing experts are stressing the need for affordability, as Millennials increasingly move from renting to homeownership. At the same time, strong economies and rapid population growth have put pressure on housing markets in some of the nation’s fastest-growing regions, including the Metroplex.

As a large-scale master-planned community encompassing 1,200 acres, Canyon Falls is adding more affordable new-home choices in 2019. Canyon Falls is opening several new neighborhoods offering new homes priced from the mid $200,000s to the $300,000s and up, from leading builders including American Legend Homes, K. Hovnanian Homes, M/I Homes and Landon Homes.

Overall, Canyon Falls offers new homes in a wide variety of styles and price ranges, from the mid $200,000s up to the $800,000s, amid more than 200 acres of parks, trails, natural open spaces, and amenities such as the Canyon Falls Club, Hay Barn and Pooch Park. Schools are part of the highly regarded Argyle and Northwest districts.

Explore all new homes offered in Canyon Falls.