As the spring building season unfolds, the number of building permits issued this year for construction of single-family houses in suburban Dallas has dropped significantly from last year's tally in one of the nation's hottest residential markets.

However, the drop-off in building permits from January through the end of April 2022 might be a collateral effect of construction delays due to supply chain issues rather than a leading indicator of an abrupt cooling off of the red-hot housing market in Dallas, where the average single-family home price hit another record high in April.

According to a report this week in the Dallas Business Journal, based on data through the end of April compiled by Addison, TX-based Tomlin Investments, home-building permits have been down 45% in Frisco, TX, 27% in Celina and 21% in Prosper, compared to the number of permits issued during the same period last year.