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Excerpt from article:
According to the latest Census data, Texas gets credit for 20 percent of the increase in new homes built in the United States between April 1, 2010, and July 1, 2011.
Nationally, the number of new homes built during that period increased by 607,000. Texas accounted for 121,000 of those. That’s three times as many as California, which came in second in the number of new homes built.
And that’s from 2010 – 2011; Imagine what next year’s stats will show!
The new construction market in Austin is heating up:
- The National Association of Home Builders reports steady progress toward market recovery in conjunction with modest economic and job growth: New-Home Inventory Shrinks to Record Lows
- Home builder confidence in the market for new single-family homes increased for the fifth consecutive month…the highest it has been in more than four years: Builder Confidence Increases
- Lending guidelines are starting to loosen, which means more new construction approvals! Banks Start to Loosen up in Underwriting
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