In The News

The latest news featuring Residential Strategies.

Dallas Morning News

August 2019

Ranch Makes Way For Homes

Vast expanse of starter and upscale houses planned in Ellis County

Demand for new homes in Ellis County is growing, said Ted Wilson of Dallas housing analyst Residential Strategies.
“A lot of builders have migrated down there and have found the market has been very responsive,” Wilson said. “We’ve noticed good results in several developments.

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Dallas Business Journal

July 11, 2019

Dallas-Fort Worth Home Construction Forecast To Fall This Year

The annual Dallas-Fort Worth new home start rate fell for the third straight quarter, pushing the forecast for 2019 into negative territory, according to a new report by Residential Strategies Inc.

Builders are especially scaling back construction of homes priced $350,000 and up, Residential Strategies principal Ted Wilson said in a report issued this week.
“Most of the success builders report today comes from the $250,000 to $350,000 price point,” Wilson said. “Builders have shifted their attention to the first-time and first-move up buyers in recent quarters and found excellent results.”

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Dallas Morning News

July 2019

North Texas Home Sales And Starts Slip

Prices rise faster than buyer incomes, leaving builders with inventory

High home construction costs are holding back the local housing market, even though the D-FW economy continues to boom, said Ted Wilson of Dallas housing consultant Residential Strategies.
“While job growth continues to fuel market demand, housing affordability remains a significant factor for many prospective buyers,” Wilson said. “Builders are focused on managing their unsold housing inventory, and many have dialed back their starts to match sales activity.”

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Dallas Morning News

June 2019

May Homes Sales Up 6% Over 2018

Mortgage rate falling below 4% fueled rebound, analysts say

“I think lower mortgage rates are the big change,” said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies Inc. “There is a little bit of renewed enthusiasm for housing with a less expensive cost of money.”

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Dallas Morning News

June 2019

Hillwood Communities Filling In I-35W Corridor

Thousands of homes built, thousands on way between FW, Denton

Ted Wilson, who heads Dallas housing consultant Residential Strategies, said the I-35W corridor is one of the last areas north of Dallas-Fort Worth with room to build and easy access to employment centers.
‘What’s remarkable is not only do they own land for houses but are producing the jobs with their AllianceTexas development,” Wilson said of Hillwood. “That’s helped Harvest become the number one master-planned community in D-FW.”

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Dallas Morning News

May 2019

Home Sales Rebound In North Texas

Lower mortgage rates help push April increase after 1st-quarter decline

“The increase in April sales reflects what we are hearing in the market,” said Ted Wilson, principal with Dallas-based housing consultant Residential Strategies Inc. “As the mortgage rates started to drop in January and February, we heard better sales numbers.”

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Dallas Business Journal

April 8, 2019

DFW New Home Starts, Preowned Home Sales Fall Slightly

New home starts in the Dallas-Fort Worth area fell slightly in the first months of the year.

Builders reported to RSI that, despite the attractive 30-year mortgage rates, strong buyer traffic and sales did not kick in until late February this year, said Ted Wilson, principal with Residential Strategies.
“It appears that going into 2019, the buyer was still struggling with the uncertainty of the (late 2018) stock market swoon, economic uncertainty and the government shutdown,” Wilson said in a prepared statement.

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Dallas Morning News

April 2019

D-FW Home Starts Are Down As Buyer Uncertainty Lingers

New home sales inched up in first quarter, but affordability is an issue

“It’s very evident the big builders have throttled back on their starts,” said Residential Strategies principal Ted Wilson. “We didn’t start out the year as strong as I had hoped.”
“Our builder clients have shared that they are closely monitoring their housing inventory levels,” Wilson said. “Builders will continue to focus on moving unsold inventory in second quarter 2019.”

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Dallas Business Journal

March 2019

Housing Market: Prices Stall, Sales Stagnate

February’s 1 percent fall in area home prices compared to 2018 could indicate slowdown

“There continues to be ample demand for housing in D-FW,” said Ted Wilson of Residential Strategies Inc. “But as inventory levels start to increase for both new and existing homes, it is more difficult for sellers to push pricing.”

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Dallas Morning News

February 2019

D-FW Housing Market Takes A Nosedive

January sales weakest in four years; prices decline sharply in some areas

“There has been sort of a malaise out there with consumers,” said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies. “We pushed and pushed prices, and consumers finally got to the point they couldn’t take much more. That played out pretty clearly in the fourth quarter.”

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Dallas Morning News

January 15, 2019

Tarrant County’s More Affordable Pricing Make It The Top D-FW Home Market In December

Tarrant County wound up as the top market in December’s Dallas-Fort Worth home sales report.

“Tarrant County has the lowest median and average home price of the four major counties comprising D-FW,” said Ted Wilson, principal with Dallas-based housing analyst Residential Strategies. “In fact, the median existing sales price in the greater Fort Worth area is more than $50,000 below that of greater Dallas.”

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Dallas Morning News

January 9, 2019

D-FW Homebuilders Cut Back On Starts In The Fourth Quarter

North Texas homebuilders eased off construction in the fourth quarter as some buyers took a break from the housing market.

“We had a downtick in the home start activity,” said Ted Wilson of Dallas housing analyst Residential Strategies.“Our starts, for the first time in some time, were off about 750 units compared to a year ago. It doesn’t surprise me — it’s kind of what I was expecting.”

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Dallas Morning News

January 2019

Home Market Update

After seven consecutive years of increasing sales, North Texas homebuilders saw a slowdown in the market in the second half of 2018 as consumers adjusted to higher mortgage costs and huge home price increases.

“The combined effects of a higher mortgage rate and increased house prices have pushed the consumer to the affordability limit. The speed at which rates have moved higher has caught many prospective buyers by surprise and is to blame for the recent market sputtering.”
— Ted Wilson, principal, Residential Strategies Inc.

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