Update Central Texas home starts chart with 4q 2015 and 1q 2016 figures.

fourth quarter 2015: 2,702

first quarter 2016: 3,570

Home starts were up 40 percent in the first quarter from the same period last year.




Seeking to narrow the gap between housing supply and demand, builders in Central Texas started construction on 40 percent more houses in the first three months of this year compared to the first quarter of last year, Metrostudy said Tuesday.

 “The past few quarters in Austin has been marked by ‘starts and stops’ in the new home housing market,” said Steve Plevak, Regional Director of Metrostudy’s Austin office. “Weather had a large effect in 2015, and most starts were squeezed into the 3rd quarter which led to a retraction in the 4th quarter.  We have now seen starts surge again in the first quarter of 2016 to serve healthy sales so far in the year and put inventory on the ground for the spring selling season.”

Builders have reported strong overall sales at the end of 2015 and the first three months of 2016. 

Affordability continues to remain an important topic as wage growth has failed to keep up with rising
housing costs. A significant jump was seen in starts in
the price ranges between $200,000 and $300,000, but homes in the lower price ranges remain in short supply.
Linda Scott Update Central Texas home starts chart with 4q 2015 and 1q 2016 figures. fourth quarter 2015: 2,702 first quarter 2016: 3,570 Home starts were up 40 percent in the first quarter from the same period last year. Seeking to narrow the gap between housing supply and demand, builders in Central Texas started construction on 40 percent more houses in the first three months of this year compared to the first quarter of last year, Metrostudy said Tuesday. “The past few quarters in Austin has been marked by ‘starts and stops’ in the new home housing market,” said Steve Plevak, Regional Director of Metrostudy’s Austin office. “Weather had a large effect in 2015, and most starts were squeezed into the 3rd quarter which led to a retraction in the 4th quarter. We have now seen starts surge again in the first quarter of 2016 to serve healthy sales so far in the year and put inventory on the ground for the spring selling season.” Builders have reported strong overall sales at the end of 2015 and the first three months of 2016. Affordability continues to remain an important topic as wage growth has failed to keep up with rising housing costs. A significant jump was seen in starts in the price ranges between $200,000 and $300,000, but homes in the lower price ranges remain in short supply.

As the Austin area’s population continues to boom, builders in Central Texas started construction on 40 percent more homes in the first three months this year than in the same quarter last year, the latest figures show.

Builders ramped up starts to 3,570 homes in the first quarter, compared with 2,549 starts in the same quarter in 2015, housing tracker Metrostudy said. The first-quarter tally was up 32 percent from the 2,702 starts posted in the fourth quarter of 2015, Metrostudy said.

“The past few quarters in Austin has been marked by ‘starts and stops’ in the new home market,” said Steve Plevak, regional director of the Austin office of Metrostudy. “Weather had a large effect in 2015, and most starts were squeezed into the third quarter, which led to a retraction in the fourth quarter. We have now seen starts surge again in the first quarter of 2016 to serve healthy sales so far in the year and put inventory on the ground for the spring selling season.”

On an annual basis, starts increased 9.2 percent in the 12 months that ended in March over the prior 12-month total — 12,590 starts compared with 11,528.

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