Austin: sales up, price up; time to build?Austin: sales up, price up; time to build?https://www.recenter.tamu.edu/news/newstalk-texas/?Item=9092015-05-27T19:22:00Z2015-05-27T00:00:00Z

AUSTIN - Good news for home builders in Austin and maybe for the economy as a whole as sales of new homes increased nearly 7 percent in April to a seasonally adjusted annual rate of 517,000, according to the U.S. Census Bureau.

While it is still a below-average rate historically, it is up 26 percent compared with April 2014. The median sales price for a new home rose to $297,300 in April, up from $285,500 in March 2015.

This supply shortage, plus higher home prices, could spur demand for more home construction.

Austin Business Journal
Austin-Round Rock
http://www.bizjournals.com/austin/news/news-wire/2015/05/26/new-home-sales-jump-in-april-as-do-prices-is-it.htmlRead more at {Source}

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