Barring a Santa Claus rally that drops big bags of housing permits down the chimneys of city halls across North Texas, single-family home construction will finish the year down by double-digit percentages in most municipalities north of Dallas.
Through the first 11 months of 2022, permits to build new homes are down 31% in Frisco, 37% in Celina, and 25% in McKinney compared to the same period in 2021. They’re down 28% in Princeton, 20% in Prosper, and 21% in Anna,
Sharply higher mortgage rates have made 2022 a lump-of-coal year for most homebuilders nationwide, and despite the relatively robust population and employment growth in North Texas, Santa won’t have as many new rooftops to land on here this year as he has in the recent past. In Celina, home building permits are down to 1,528 so far this year from 2,433 at this time last year. McKinney’s permits are down to 1,194 through the end of November from 1,587 permits year-to-date through Nov. 30, 2021.
There are exceptions to the slide in building permits in Dallas-Fort Worth’s northern suburbs. Denton, Melissa and Little Elm, for instance, look to end the year up on the housetops.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why You Should Believe In A Santa Claus Rally For MarketsResearch in the Journal of Financial Planning found U.S. stocks have historically outperformed between Christmas and New Year, on average, offering a return of around 1% for the final five trading days of the year and the first two trading days of January.
Read more »
US stock recovery on Tuesday ‘hardly’ a sign of looming Santa Claus RallyAll three major U.S. benchmarks are trading in the green on Tuesday, but a small recovery is not a sign that a Santa Claus Rally will happen on Wall Street in 2022, expert says.
Read more »
Santa Claus arrives by MedEvac helicopter to visit children at UPMC Harrisburg hospitalSanta Claus arrived Monday by helicopter to visit children at the UPMC Children’s Harrisburg pediatrics inpatient unit at the hospital.
Read more »
Take a Charming Boat Ride With Santa Claus in Palm DesertSavor a scenic seasonal spin alongside the legendary figure at the JW Marriott Desert Springs Resort & Spa.
Read more »
Did Coca-Cola Announce Change to 'More Relevant' Black Santa Claus?Last year, social media users shared what appeared to be a tweet published by CNN, describing an announcement by Coca-Cola that they would be 'changing Santa Claus' from white to Black, in order to make him 'more relevant to our times.'
Read more »