A couple of days ago I received some questions on one of my blogsites about my Austin Market Dashboard. It strikes me that others may have the same questions, so I am pleased to post the following:
I am afor a … company considering entering the Austin market. I have been conducting my own research on the state of housing and non-residential markets in Austin. I came across your article through a google search and I am fascinated by the thought put into the dashboard statistics. Thanks for sharing your research. I am puzzled by the fact that although the general macro trends for Austin (population and employment) are robust the ytd building permits are down 19% (units) compared to last year. The rest of the nation is on a upward trajectory as far as permits are concerned. It appears to me there is a lag with the Austin market in terms of permit recovery. Is this purely that Austin had excess capacity and slowly the balance between is being met? I would love to hear your thoughts.
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