Austin Business Journal June 10th-16th 2022 [UP FRONT| “No U.S. City Is Building More Homes Per Capita Than Austin, Redfin Says” by Colin Pope
Read Austin Business Journal or Redfin for all the details
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Around Austin-Single Family Home being built in Westlake Hills, June 11th 2022
Although Austin is building homes faster than any American city it seems not fast enough to “stop prices from rising amid low inventory.” According to Redfin (RDFN) … “Austin metro had the most single-family building permits per capita [31.1 per 10,000 residents] among major U.S. metros in the first quarter of 2022.” This equates to a rate of 12.4 per 10,000 annually. See figure from Statistica.com for comparisons of annual rates in 2021. Despite this improved rate of starting new homes “in Austin city limits, the median home prices reached a record $640,000 in April, up more than 16% from the same month a year prior…”
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