San Antonio lot supply dips, purchases rise 12 percent | San Antonio lot supply dips, purchases rise 12 percent | https://www.recenter.tamu.edu/news/newstalk-texas/?Item=6616 | 2013-08-12T16:42:00Z | 2013-08-12T00:00:00Z |
SAN ANTONIO - Between April and June of this year, construction began on 2,258 single-family homes, according to second quarter 2013 analysis by Metrostudy. That figure marks a 1.7 percent decline from the 2,297 starts during the same three months in 2012.
“New-home demand remains strong, but a lack of lot supply in the highly desirable areas slowed production in the second quarter,” said Jack Inselmann, a senior vice president of Metrostudy.
However, closings were up considerably. There were 2,094 home purchases completed between April 2013 and June 2013. That figure marks a 12 percent increase from the 1,826 homes purchased during the same three months in 2012.
“The outlook is still bright for the San Antonio new-home market,” said Inselmann.
| San Antonio Business Journal
| San Antonio-New Braunfels
| Housing
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