Austin-area residential construction is up 11% over last year, and it looks like we’ll continue to see activity even though the federal tax credit for home buyer expired, based on an article by Shonda Novak in the Austin American-Statesman. Novak quotes Tommy Tucker of Residential Strategies, Inc., who says that “buyers are coming back to the market for reasons apart from the tax credit.” Area builders “have shown discipline by not creating an oversupply of housing,” so prices should remain stable. The Austin housing market’s health relative to other parts of the country reflects the strength of Austin’s job market. The article mentions, as an example, Samsung’s $3.6 billion expansion here.
