North Texas home starts boom as builders struggle to meet buyer demand

North Texas builders scrambling to meet a flood of buyers have boosted home starts to the highest level in more than a decade.

Dallas-Fort Worth single-family home starts soared by more than 34% in the third quarter from a year earlier, rising in the face of the pandemic and recession. Builders started almost 13,000 local houses during the just-completed quarter, according to just-released data from Residential Strategies Inc.

“Back when the pandemic hit, we were bracing for a pretty tough summer with all the job loss,” said Ted Wilson, principal for the Dallas-based housing consultant. “But everything opened up in May with strong sales and it has continued onward.

“It’s pretty amazing considering the backdrop of COVID.”

Wilson said the third-quarter D-FW home starts were the strongest since mid-2006, before the Great Recession hit the housing markets.

Builders have started 43,246 North Texas homes in the year ending September —

Read More Read more

Delta Media upgrades its Builders and Communities Platform for Real Estate Brokerages

Michael Minard, CEO and owner of Delta Media Group

Michael Minard is CEO and owner of Delta Media Group, one of America’s most established and largest broker technology solutions providers.
Michael Minard is CEO and owner of Delta Media Group, one of America’s most established and largest broker technology solutions providers.
Michael Minard is CEO and owner of Delta Media Group, one of America’s most established and largest broker technology solutions providers.

CANTON, Ohio, Sept. 30, 2020 (GLOBE NEWSWIRE) — Delta Media Group Inc., one of America’s most established and largest broker technology solutions providers, is launching a newly updated website service that allows real estate brokers to showcase affiliated home builders and communities.

The latest improvement to Delta Media’s robust DeltaNET 6 platform, makes it easier than ever for brokerages to feature each home builder they represent, putting a spotlight on new home listings, sales models, videos, virtual tours, floor plans, documents for downloading, maps and more.

Available from directly inside the brokerage website, affiliated builders receive “a website within

Read More Read more

Two Deals Are Better Than One – Maner Builders Supply Sells Its Business Operations and Real Estate in Two Separate Transactions

JACKSONVILLE, Fla., Sept. 28, 2020 /PRNewswire/ — Maner Builders Supply, a multifaceted building products dealer with locations in Augusta, GA, and Aiken and Charleston, S.C., has closed two separate but simultaneous sales transactions. In addition to the sale of its business operations to US LBM, a national leader of specialty building products in the US., Maner also sold its real estate to STORE Capital, a real estate investment trust, in a sale-leaseback transaction. Following the transaction, US LBM will lease the real estate as a tenant of STORE Capital. Heritage Capital Group, a mergers & acquisition firm with offices in Jacksonville, FL and Savannah, GA acted as exclusive financial advisor to Maner in both transactions. Don Wiggins, President of Heritage commented, “These transactions were a true value add for all parties. The owners of Maner were able to exit their business at very favorable terms, and

Read More Read more