In Williamson County, we definitely see with our own eyes that new builds are on the rise, and many of our clients are choosing to go this route. (Have you been out to Liberty Hill, Leander and Georgetown lately?)
From a national perspective, nationwide housing starts surpassed the million-mark for the third time this year, according to newly released figures from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. Total housing production in September rose 6.3 percent to a seasonally adjusted annual rate of 1.017 million units.
“These numbers show starts returning to levels we saw earlier this summer, where they hovered around one million units,” said National Association of Home Builder (NAHB) Chairman Kevin Kelly, a home builder and developer from Wilmington, Del. “We are hopeful this pattern of modest growth will continue as we close out the year.”
Single-family housing starts were up 1.1 percent to a seasonally adjusted annual rate of 646,000 units in August, while multifamily production climbed 16.7 percent to 371,000 units.
Combined housing starts increased in all regions of the country. The Northeast, Midwest, South and West posted respective gains of 5.3 percent, 3.5 percent, 4.2 percent and 13.9 percent.