Reshaping Austin's character with blitzReshaping Austin's character with blitzhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=45162014-04-01T08:57:00Z2014-04-01T06:45:00Z

AUSTIN - In the past decade Austin has been in a rebuilding boom that is changing not only the aesthetic and architectural character of the city but the way people live, work, shop and play. There were 47,941 residents added to the Austin area between July 2012 and July 2013.

The Austin area has the nation's highest growth rate among metro areas with more than 1 million people at 2.6 percent. According to Census Bureau data, an estimated 4,000 people a month are moving in to the city.

Driven by growth, a construction blitz is reshaping the city’s character. Spurred by the area’s booming economy and rapid population growth Austin has added $13.3 billion in new residential, office and retail development to the tax rolls since 2005, according to the Travis Central Appraisal District.

The city's growth has also created a new breed of development — dense, mixed-use projects that create mini-neighborhoods, with an emphasis on walkability and a sense of community. The city also has seen a boom in apartments stacked atop retail.

Rents in the Austin area rose 8 percent last year, and Austin’s median home price is now the highest among the state’s major cities. As long as the Austin metro area continues to add 4,000 new residents a month, and builders are starting fewer than 15,000 new homes a year, housing demand will continue to grow.

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
Demographics & Population
http://www.mystatesman.com/news/business/austins-rebuilding-boomdriven-by-growth-a-construc/nfnkp/Read more at {Source}

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