Austin home starts jump 27 percent in 1QAustin home starts jump 27 percent in 1Qhttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=77472013-04-08T09:05:00Z2013-04-08T00:00:00Z

AUSTIN - Central Texas home starts rose nearly 27 percent in the first quarter, as the region’s job growth, low mortgage interest rates and rising apartment rents continued to fuel housing demand.

Builders started construction on 1,952 houses in the first three months of the year, compared with 1,539 in the same period last year, according to Metrostudy.

The first quarter jump pushed the annual home starts rate to 8,385 homes for the 12 months that ended in March — up 32 percent from the annual total for the 12 months that ended in March 2012.

The Austin area added 32,200 jobs in the 12 months that ended in February, a 4 percent annual growth rate. Since reaching its employment bottom in 2010, the Austin area has added more than 90,000 jobs.

Read more at the Austin American-Statesman.

Austin American-Statesman
Austin-Round Rock
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