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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Showing posts with label Home Builders Association of Austin. Show all posts
Showing posts with label Home Builders Association of Austin. Show all posts
Friday, January 16, 2009
Austin association reports 3-percent drop in home prices
From News 8 Austin, January 6, 2009...
The Home Builders Association of Austin said the market may have slowed, but it's not as bad as other parts of the nation.
The association released a housing forecast for 2009 Tuesday. Officials said home prices in the Austin area have dropped less than 3 percent, compared to 15 percent in some areas of the country.
Researchers said that doesn't mean Austin is out of the woods, economically speaking.
Read more...
The Home Builders Association of Austin said the market may have slowed, but it's not as bad as other parts of the nation.
The association released a housing forecast for 2009 Tuesday. Officials said home prices in the Austin area have dropped less than 3 percent, compared to 15 percent in some areas of the country.
Researchers said that doesn't mean Austin is out of the woods, economically speaking.
Read more...
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