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Austin Real Estate Blog: Austin Real Estate Market Sees Lowest Number of New Home Builds Since 2004

By austinrealestate 371 days ago from http://www.escapesomewhere.com

The number of new home starts in Austin for the last quarter of 2007 is lowest since 2004. It looks like builders are pulling back on new homes. Although it could simply be that lenders are restricting builders from building. The developments for 2008 should be interesting. Many of the predictions for 2007 show that the number of new home starts should fall even further.

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Tags: real estate austin bubble subprime new homes realtor economy realty


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