Central Texas Market Bottoming Out?
Posted by Crystal Kilpatrick on Friday, October 9th, 2009 at 12:47pm.AUSTIN (Austin American-Statesman) – Central Texas' new-home market might be bottoming out, according to Residential Strategies Inc. and its third-quarter starts and closings figures, released Thursday.
Third quarter home starts were down 5.4 percent from the same quarter last year to 2,239 but up 17 percent from second quarter 2009.
"This is a positive sign and perhaps a signal that the successive quarterly decline in activity may be coming to an end," said Ted Wilson, a partner with Residential Stategies.
Print
ShareBe the first to comment on this blog entry!
Leave a Comment
- Featured Properties
- Recent Blog Posts
-
First Time Homebuyer Tax Credit Extended Until 2010
The Homebuyers Tax Credit jumped its last hurdle yesterday, as both the House and the Senate have passed the b... Read MoreLandscaper in Southwest Austin, Loved My Results
We just had new stonework done to our flowerbeds at our home in Southwest Austin. We had to immediately find a... Read MoreCentral Texas Market Bottoming Out?
AUSTIN (Austin American-Statesman) – Central Texas' new-home market might be bottoming out, according to R... Read More