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.
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