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Austin creates innovative plan to boost affordable housing

BD+C

City leaders in Austin, Texas are backing an innovative policy to increase the amount of affordable housing. To qualify, 50% of the housing in a development must be affordable—priced for families earning 60% or less of median family income (MFI) for the area.

Austin 93
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Austin Luxury Homes Are Lingering on the Market as a Buying Frenzy Slows

Pro Builder

Austin Luxury Homes Are Lingering on the Market as a Buying Frenzy Slows. Luxury home builders in Austin, TX couldn't finish new projects fast enough throughout a pandemic-induced homebuying boom, but as a market correction takes effect, home sales are stalling and supply is stacking up. Housing Markets. Fri, 10/28/2022 - 10:18.

Austin 52
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Students aren’t the only ones who have returned to Austin College in Texas

BD+C

A decade after completing two student housing projects for Austin College in Sherman, Texas, KWA Construction, which specializes in multifamily developments throughout the Lone Star State, reconnected with the college recently to build North Flats, a three-story 43,613-sf residence hall that added 38 units to the campus’s housing stock.

Austin 98
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This City Dodged the 2008 Housing Market Crash, but It’s Bottoming Out in a 2023 Correction

Pro Builder

While other metros bottomed out, Austin and Dallas saw home prices fall by just 8.5% drop in Las Vegas during the same housing cycle. Over a decade later, Austin is now the epicenter of a post-pandemic housing correction. Where will Austin go from here? peak-to-trough house price decline this cycle, including a -8.8%

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Despite Virus Surge, Austin Breaks Sales Records in July

Pro Builder

Despite Virus Surge, Austin Breaks Sales Records in July. The housing market has not just roared back to life overall, but continues to do so in individual markets. The numbers are a dramatic turnaround from April and May, when stay-home orders and virus concerns hit the area housing market hard. cbroderick. through July.

Austin 52
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Could the Fall Season Bring a Cooler Housing Market?

Pro Builder

Could the Fall Season Bring a Cooler Housing Market? August welcomed slower housing price growth and increase in inventory, prepping the cooler fall season for a cooler housing market. Available housing inventory continued its upward trajectory for the fourth straight month, rising 4.1% cbroderick. Read More. .

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While New Homes See Fresh Competition, Older Houses Sit Unsold

Pro Builder

If the house is perfect, the odds of someone else wanting it are high, too,” says Geena Peoples, an Austin, TX–based real estate agent with The Juice Group at Compass. Back in 2021, you could list just about anything and there would be a line out the door,” says Peoples.

Housing 98