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Central Texas new home builds rise in third quarterCentral Texas new home builds rise in third quarterhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=108702015-10-20T05:00:00Z

​​​​AUSTIN – Construction on new homes in Central Texas jumped nearly 8 percent in the third quarter as builders began making up for time lost because of bad weather earlier this year.

According to Metrostudy's latest home starts report for Travis, Williamson, Hays, Bastrop and Caldwell Counties, home ​builders broke ground on 3,530 houses in the third quarter, a 7.9 percent increase from the same time last year. 

For the 12 months that ended in September, builders began work on 11,555 houses, a 7.6 percent increase from the 10,735 annual starts in the prior 12-month period, according to Metrostudy.

Meanwhile, the median price of new homes rose 5 percent in the third quarter to $267,613, Metrostudy said. According to the Real Estate Center, the median price of pre-owned homes during that time was $263,100, up 8 percent over last year. ​​

Austin American-Statesman
Austin-Round Rock
Housing
http://www.mystatesman.com/news/business/central-texas-home-starts-rise-in-3rd-quarter/nn53X/Read more at {Source}

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