From Austin Business Journal, January 7, 2009...
The news was bleak at the first joint economic housing forecast for the Home Builders Association of Greater Austin and the Austin Board of Realtors.
According to Eldon Rude, director of the Austin market for the market research firm Metrostudy, housing starts in 2009 will total roughly 6,000, a 25 percent drop compared with the 8,000 new home starts in 2008.
“Things will probably get tougher before they get better,” Rude said. Austin’s 8,000 new home starts in 2008 represented a sharp drop from the 12,400 new home starts in 2007.
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Friday, January 16, 2009
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