Development Slows In Frisco, McKinney And Prosper
A decrease in permits for new homes throughout Collin County is becoming an unusual trend. Development dropped in McKinney, Frisco and Propsper, bu...
A decrease in permits for new homes throughout Collin County is becoming an unusual trend. Development dropped in McKinney, Frisco and Propsper, but other neighboring cities are seeing an opposite reaction. Double-digit drops for single-family homes throughout Colling County caused some to scratch their heads. Dallas' suburbs historically makes waves with new development. People are continuing to move to these Collin County cities, so what is causing this drop? The Dallas Business Journal explained that higher mortgage rates in 2022 created a slowed demand for new homes, making builders cut back construction.