Demand for housing in the Dallas area continues to be strong even in the wake of unprecedented supply chain challenges and an ongoing labor shortage. A rapid rise in mortgage interest rates in the second half of 2022 priced more than 18 million American households out of the opportunity of homeownership. This, combined with historically high housing costs has made new homeownership unattainable for countless working families even in relatively affordable markets like the Dallas area.

Despite these challenges, housing demand in DFW continues to be fueled by favorable demographics and the nation’s strongest job market. From 2019-22 our region added more than 321,000 jobs according to the Dallas Regional Chamber; more than the next three leading markets combined (Atlanta, Phoenix and Houston). With more than 600,000 more people expected to call DFW home over the next five years demand for housing looks strong especially if labor/material costs remain stable and interest rates decrease even slightly, which is expected in the second half of 2023.

The Dallas market remains one of the strongest in the nation. Those jobs are driven to our region by the affordability of our housing, the lack of a state income tax and a good climate for businesses of all sizes. Our members build the homes where those jobs sleep at night. As long as the jobs keep coming, there will continue to be a healthy demand for housing.

According to the Texas A&M Real Estate Center, every $1,000 increase in the price of a new home prevents 20,000 Texas families from being able to afford that home. We believe that housing is a necessity and not a luxury and for more than 75 years we have worked hard to ensure our members are able to offer safe, quality and sustainable housing for all who share our community.