Why homebuilding is slumping in the suburbs north of Dallas
Why homebuilding is slumping in the suburbs north of Dallas
Frisco has fallen 42% for the year. Celina’s slid 34%. Prosper has plunged 17%. Princeton and McKinney are down 14% and 11%, respectively. Those percentages represent the year-to-date drop in single-family home building permits compared to the same January through May period last year. The double-digit percentage decreases point to an overall slump in the suburbs.
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