Why Austin Developers Are QUITTING the Housing Market!

Why Austin Developers are QUITTING the Housing Market

We have a supply issue right now in Austin. New home inventory is sitting and so the builders are not interested in building more inventory. 

We aren’t creating homes for the upcoming influx of buyers who are currently renting.

This will affect the home supply.  If you’re not looking right now, you are going to miss out on all of the incentives and inventory offered.

Are we turning away more jobs than creating them is also something to consider?  Are net jobs in Austin are still blowing up which is a positive trend.  We still have ridiculously low unemployment rate of 2.7%. Tesla alone has 300 jobs a week that they are looking to hire!

In the Austin Metro area land prices have not fluctuated nor have the prices decreased much. Land has ended up being separate from the trend of the housing market.  You cannot get great mortgages of land like you can homes.