Nov 8, 2017
Austin housing market sees major surges
AUSTIN – Central Texas new-home construction surged to an 11-year high in third quarter 2017.Austin area builders started work on 4,586 houses in 3Q 2017, up 12.5 percent from the same...
AUSTIN – Central Texas new-home construction surged to an 11-year high in third quarter 2017.
Austin area builders started work on 4,586 houses in 3Q 2017, up 12.5 percent from the same quarter the previous year, according to Metrostudy.
The nearly 4,600 starts marked the highest level since 3Q 2006, when a record 5,041 starts were recorded.
On an annual basis, home starts in the metro also reached their highest level since late 2006, as builders started construction on 16,719 houses in the 12 months that ended in September 2017.
This marked a 19.1 percent increase from the prior 12 months.
Did you like this NewsTalk?
You might also like
PUBLISHED SINCE 1977
TG Magazine
Check out the latest issue of our flagship publication.