Zonda's comprehensive new report provides data-driven insights
into the performance and market share of top home builders across
50+ major U.S. metro areas, empowering industry players with
valuable intelligence.
NEWPORT
BEACH, Calif., July 30,
2024 /PRNewswire-PRWeb/ -- The Dallas metropolitan
area has emerged as the nation's largest and fastest-growing market
for new home construction, according to Zonda's highly
anticipated Local Leaders list.
"The Local Leaders list shows key movements
within markets but also among specific companies. The two largest
builders - D.R. Horton and Lennar - are market makers and the new
metro areas that they have pursued...provide insights into current
growth markets." —Tim Sullivan, chief advisory officer
This ranking underscores the robust housing demand and
population growth in the Lone Star State, which claims an
impressive four out of the top five spots on Zonda's comprehensive
annual rankings of 50 markets across the country. It also
highlights which builders are coming out on top in each market.
"The Local Leaders list shows key movements within markets but
also among specific companies. The two largest builders - D.R.
Horton and Lennar - are market makers and the new metro areas that
they have pursued, such as Bremerton,
WA, Winchester VA, and
Jefferson, GA provide insights
into current growth markets," says Tim
Sullivan, chief advisory officer.
The Local Leaders list provides invaluable insights into the
health of the homebuilding industry, across the country, detailing
the total number of closings and ranking the top 10 builders in
each market based on their 2023 closings and market share.
The Top 5 markets are:
- Dallas-Forth Worth-Arlington,
TX
- Houston-The Woodlands-Sugar
Land, TX
- Phoenix-Mesa-Chandler,
AZ
- Austin-Round Rock-Georgetown, TX
- San Antonio-New Braunfels, TX
This data-driven analysis serves as a reliable barometer for
identifying the hottest real estate markets and the builders
driving their growth. While Texas
dominates the top spots, markets such as Phoenix, AZ also demonstrated impressive
performance.
Sullivan expects to see shifts in the future as affordability
challenges persist and buyers look towards the Midwest for more
affordable options.
Markets such as Tulsa, Richmond, Birmingham, and Kansas City are poised for growth driven by
healthy local economies and increasing migration levels. The full
report offers a granular view into market dynamics nationwide,
empowering industry stakeholders with intelligence to inform
strategic decision-making.
The full list of 50 metros and their top builders can be found
here. Zonda advisors are available to speak to each market as well
as the national trends.
Visit ZondaHome.com or follow us on LinkedIn.
About
Zonda provides data-driven housing market solutions to the
homebuilding industry. From builders to building product
manufacturers, mortgage clients, and multifamily executives, we
work hand-in-hand with our customers to streamline access to
housing data to empower smarter decisions. As a leading brand in
residential construction, our mission is to advance the home
building industry, because we believe better homes mean better
lives and stronger communities. Together, we are building the
future of housing.
Media Contact
Valerie Sheets, Zonda,
949-294-9557, vsheets@zondahome.com, https://zondahome.com
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content:https://www.prweb.com/releases/texas-markets-are-leading-the-nation-in-new-home-construction-302209393.html
SOURCE Zonda