From Austin Business Journal, December 31, 2008...
New home starts and closings declined considerably in 2008, but employment numbers and a slight reduction in the vacant developed lot supply were a bright spot for the Austin area in 2008, according to a report released Wednesday from Residential Strategies Inc.
Starts in 2008 totaled 8,987, or 34 percent lower than the 13,624 housing starts in 2007, the report said. For fourth quarter 2008, starts totaled 1,459 new homes, down 51 percent from the same quarter last year, which saw 2,993 new starts.
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Friday, January 16, 2009
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