DATA: McKinney sees $1.3B of new construction in 2024

His presentation can be viewed online and a complete copy of the 2024 development report can be accessed on the city’s website. Residents can also access an interactive map showcasing the city’s 2024 development report.

By the numbers

While total construction value is lower than the total in 2023, strong growth is continuing in McKinney, Quint said. Construction value totaled more than $1.4 billion in 2023 but that number was inflated by some multifamily development, according to the presentation.

“Now that those numbers have leveled off, you’re getting a more accurate telling of the construction activity in the city of McKinney,” Quint said.

Single-family residential development represents nearly half of the construction value seen in 2024.

City planners issued 2,310 single-family residential permits in 2024, the highest number issued since 2017 when the city issued 2,521 permits. That number includes single-family homes built within city limits and the Trinity Falls Municipal Utility District, according to the presentation.

Residential developments that saw the most construction permits issued for single-family residential included Painted Tree, Trinity Falls, Shaded Tree and Erwin Farms, according to the presentation.

A closer look

The value of new nonresidential construction came to more than $485 million. The city issued 76 permits for nonresidential projects during the year, according to the presentation.

Permits were issued for projects in the following nonresidential sectors:

• Institutional
• Industrial
• Retail/service
• Medical
• Office
• Restaurant
• Recreation