DFW new home starts, sales soar despite higher land, labor costs

Despite increases in land, labor and materials costs, Dallas-Fort Worth annual new home starts set another housing cycle record in the second quarter of the year, with area builders initiating construction on 9,902 units in the past three months.The housing starts pushed the annual rate to 35,399 new homes in the July 1, 2017 through June 30, 2018 timeframe, according to Dallas-based Residential Strategies Inc., or RSI. Annual starts are up 12 percent year-over-year, RSI reports.Increases in&hel