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The Austin metropolitan area is on track to issue a record number of residential building permits in 2018, but the mix of housing types has changed dramatically over the past 30 years, and that has seriously implications for housing affordability and future growth. Continue reading
Increased weighted building permits and housing starts accelerated the Texas Residential Construction Leading Index (RCLI) to its highest level since April, signaling improvements in residential construction activity through year end. Continue reading
If all new Austinites purchased single family homes from 2006 to 2017, then we would have been more than 81,000 units under-supplied! Continue reading
Calendar year 2017 was unusual — mostly for its similarity to the previous few years in limited residential real estate inventories. It was the fifth year in a row with housing supply at or below half of what most market economists consider “normal” or “balanced.” Austinites have come to understand “seller’s market” in a very … Continue reading
Last week, Angelos Angelou (Angelou Economics) presented his recap of how Texas and Austin fared in 2015, and his outlook for 2016 and 2017. As always, it was an excellent and insightful review. There was far too much information to include here, but there are a few points related to Austin’s housing market that I do want to mention Continue reading
The big story in that chart is approved plans to build apartments and condominiums — almost 3X from 2011 to 2012 — a huge sign of confidence in continued growth and demand in the Austin metropolitan area! Continue reading
As with most of this market recovery, Austin gained momentum ahead of most other cities. Single family permits are up a healthy 30% compared to the same time last year, but the 5+ Family segment is already almost 70% ahead of last year’s 12-month total! Continue reading
Investors and developers are considering significant projects in Downtown Austin … a great demonstration of their confidence in Austin’s future. Continue reading
Builders’ confidence in the Single Family sector remains weak, but strong permitting activity in the Multifamily arena bodes well for the Austin/Central Texas residential market. Continue reading
Volatile. Unpredictable. Erratic. I have used all those adjectives to describe market conditions for Austin/Central Texas residential real estate over the past few months. They all apply, and 2011 will call for ongoing analysis and forecasting. New construction and newly issued building permits should give us a glimpse at the future, however. Continue reading
Bill Morris on Austin Real Estate 