Construction Houston Inventory Phoenix 
Pro Builder
JUNE 13, 2023
Phoenix, Ariz., leads the market with 5,500 homes under construction in 2023, followed by Dallas (4,400 units), and Houston, Texas (2,600 units). For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years. They averaged at 1,361 square feet, four bedrooms, in 2022—up 2.6%
Pro Builder
JULY 26, 2021
Almost two-thirds of June listings resulted in bidding wars, and buyers continue to sweeten their offers by offering vacations and even crypto, but inventory remains low. Regions in which construction is underway on new luxury developments are likely to see an easing in competition, and therefore price acceleration, in the near future.
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