|Experts see strong 2017 for Austin-area housing market||Experts see strong 2017 for Austin-area housing market||https://www.recenter.tamu.edu/news/newstalk-texas/?Item=15632||2017-01-23T06:00:00Z||2017-01-23T20:00:00Z|
AUSTIN – 2017 is expected to be another strong one for the Central Texas housing market, according to the forecast local expert Eldon Rude delivered recently.
Last week, the Austin Board of Realtors said the median home-sale price in the Austin-area hit a calendar-year record of $284,000, up 7.2 percent over 2016’s median.
With a continued low supply of available houses compared to demand, home prices are expected to keep rising this year, Rude said.
Rude said the region has had a housing supply of less than four months for more than four years.
Austin area home starts
Metrostudy released its fourth-quarter and annual starts total for 2016 for the Austin-area.
Builders started construction on 14,462 houses last year, up 24.5 percent from 2015, Metrostudy reported.
During the last three months of the year, builders started work on 3,794 homes, a 39.1 percent jump compared with the final quarter 2015.
Nearly half—46 percent—of the quarterly starts were priced between $200,000 and $300,000, with the biggest increases coming along the Texas 130 corridor and down into Kyle and Buda, Metrostudy reported.
|Austin American-Statesman||Austin-Round Rock||Housing|| http://www.mystatesman.com/business/experts-see-strong-2017-for-austin-area-housing-market/dKVvquU2vFEFJ1hsaZpPzJ/|
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