Historical scenario baseline: August 2026. Construction stages, delivery windows, ownership and the older comparison figures below are modeled or illustrative. Current observed permit data appears in Overview and Markets.
Pipeline intelligence
The middle stages
Permits stop at authorization. Census starts are national. Prebuild models the path in between — authorized-not-started, under construction, and delivery windows — at metro resolution.
Published
2026-08-22
Places
982/1150
Imputed
7.1%
Municipal state
FW quality hold
Metros
20
DFW latest
Jun 2026
How units move
Sankey of the sample. Width is units. Authorized splits into idle and starts; the build stock then completes.
Permit → start
80%
Weighted conversion
Median to complete
11.1 mo
Under-construction weighted
Idle authorized
100k
Modeled authorized-not-started
18-month window
336k
Expected completions
Conversion funnel
How authorization becomes stock
When units hit
Incremental completions, not cumulative
Product mix in the pipeline
Share of units under construction
Single-family
57.0%
2–4 unit
6.4%
5+ multifamily
36.6%