New Construction is Way Up

Posted on Tuesday, October 2nd, 2012 at 7:33am.

Austin homes   As if all the national stories currently praising Austin for being a great city to move to weren’t enough, the Austin American Statesman has just released even more exciting news. On October 2, 2012, the Statesman reported that Central Texas home starts are up a whopping 37 percent compared to the same quarter in 2011. The study was conducted by Eldon Rude, director of the Austin division of Metrostudy. The Statesman reported that 2,376 homes began construction the past quarter. Rude commented that the increase in construction startups came in response to a small inventory and strong consumer confidence If that’s not encouraging enough then, consider this: the region’s annual rate of new home starts has grown an enormous 21% from September 2011. This means the total for the September 2012 quarter topped out at a solid 7,193 homes, the highest it’s been in over three years. To learn more about the construction boom, you can read the full Statesman article here. And if you’re one of the many people looking to buy a new home in Austin, be sure to start your search with Reilly Realtors, the experts in Austin real estate.

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