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building: First Quarter 09 - 04/08/09 08:29 AM
Here is a precursor to Residential Stratigies' review of the first quarter 09 numbers for Austin. It is actually pretty good... compared to the rest of the world. Austin added jobs, reduced inventory and is below or at equilibrium (6 month supply) even with lower demand due to the disasters in the economy. Pretty amazing really! New home starts continued their decline in the Austin area for 1Q09 according to the latest market census prepared by Residential Strategies, Inc. Builders started 1,215 homes for the quarter, a decrease of 280 units from 4Q08, and down 47% (-1,082 units) from 1Q08. The annual start
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building: Austin Population Growth - 07/01/08 12:15 PM
Below is an interesting map showing the areas of Austin that are supposed to have the most growth over the next decade. As you can see, most of the areas are more suburban and do have quite a bit of new home construction in progress.
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