From Austin Business Journal, October 1, 2008...
New reports show home construction and closings of recently completed homes in Austin remain depressed, but that’s unlikely to bring prices down any time soon.
Area homebuilders started work on 2,382 new houses in the third quarter, a 37 percent decline from third quarter 2007 starts, according to the latest report from Residential Strategies Inc. Through the first nine months of the year, builders started 7,546 homes, a nearly 30 percent drop compared with the same period in 2007.
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Friday, October 3, 2008
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