The data shows that building permits for homes in many DFW suburbs have plummeted in 2022.

Home building permits were down 34% in Selina, 30% in Frisco and 27% in McKinney in 2002 compared to 2021.

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Total single-family building permits have been tallied for 2022 and are down double-digit percentages in many historic new-build hotspots in the suburbs north of Dallas.

Home building permits were down 34% in Selina, 30% in Frisco and 27% in McKinney in 2002 compared to 2021. They were down 41% in Princeton, 21% in Prosper and 23% in Anna, according to the data. compiled by Addison-based Tomlin Investments, which tracks new home construction north of Dallas and Fort Worth.

The sharp increase in mortgage rates in 2022 has led to a drop in demand for new homes, and developers have suspended or reduced construction due to lack of demand.

Here’s how the percentage decline translates into fewer new homes in some DFW cities:

About 1,650 new homes received the necessary city permits to build in Selina last year, up from 2,516 in 2021. In Frisco, the number of home building permits has dropped to 1,326 last year from 1,881 in 2021. McKinney permits are down to 1,258 in 2022 from 1,720 in 2021.

Home building permits in Princeton have dropped to 1,071 homes last year from 1,776 in 2021. Prosper’s permits fell to 967 homes from 1,221. In Anna, 867 building permits were issued last year, up from 1,129 in 2021.

The exceptions were in North Texas, including Denton, Melissa, and Little Elm.

In Denton, permits rose 28% to 1,227 homes in 2022 from 955 in 2021. Melissa grew 13% to 906 homes from 801 in 2021. Little Elm has grown slightly, with 1,295 new home building permits issued in 2022, up from 1,292 in 2021.

In all of 2022, North Texas builders started building 48,756 homes, down 16.2% from 2021, according to Dallas-based residential analyst Residential Strategies Inc..

And a decline in building permits in 2022, which fell particularly sharply at the end of the year, will mean a slow start to this year and likely slow construction throughout the year, given still high mortgage rates, said Ted Wilson, director of Residential . Strategies, in a report prepared by his company.

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texasstandard.news contributed to this report.

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