Metrostudy: Austin housing starts end 4Q 2014 on high noteMetrostudy: Austin housing starts end 4Q 2014 on high notehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=17802015-02-10T13:59:00Z2015-02-10T06:16:00Z

AUSTIN - February 2015: The count of the quarterly numbers from Metrostudy’s survey shows the Austin market finished 2014 on a high note, exceeding expectations in the process.

The annual rate of starts as of 4Q 2014 was 10,686 units, up 500 units from 3Q 2014. Metrostudy recorded 2,627 housing starts in the Austin area, up 23.5 percent compared to the number of starts in 4Q 2013.

There were 2,364 new home closings in the market in 4Q 2014, a 4 percent increase compared to 4Q 2013.

Total housing inventory has risen over the past twelve months but remains at low levels. There were 5,850 homes in inventory at the end of 4Q 2014, which represents 7.5 months of supply based on the current Annual Closings rate.

Metrostudy documented 3,871 homes under construction at the end of 4Q 2014, up 815 units from 4Q 2013. The inventory of finished vacant units totaled 1,576 homes at the end of 4Q 2014.

In addition, there were approximately 8,500 lots under construction at the end of 4Q 2014. The months of supply of vacant developed lots has decreased from a high point of 41.3 months reached in 2Q 2009 to the current supply of 16.6 months.

Austin-Round Rock
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