Luxe Austin Homes - builders

"Possible new subdivision could be part of Caldwell County boom"

Austin Business Journal shares, "additional details have emerged about a housing development in Maxwell that could be part of a boom in rural Caldwell County. 

Schulle Farms, an 800-plus home subdivision planned for the small community, is envisioned by Austin-based real estate brokerage and land development company La Tierra Realty LLC, said Trevor McManis, a broker with the firm.

La Tierra, which has amassed around 1,100 acres over the past four to five years in what it considers a region primed for growth, will be marketing the land to homebuilders.

“This is an area that we really believe in,” McManis said. “We think there’s a lot of value here, and it’s kind of been the area outside of Austin that a lot of people have maybe overlooked…

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"Austin housing market crystal ball: See what some experts expect, predict for 2024"

Austin American-Statesman writes, "new housing developments continue to spread across Central Texas, but experts say more homes are still needed to keep pace with demand.

"The Austin new home market overall was steady the last half of the year," said Ben Caballero, CEO of HomesUSA.com. a real estate agent and CEO of Dallas-based HomesUSA.com. “As we head into the holiday season and start the new year, we have the Texas advantage on our side, as we continue to attract large employers. This relocation means a continuing need for more homes, and Austin builders are doing their best to create more inventory."

Caballero said the new-home market in the Austin region is poised for growth, if what many leading economists are predicting comes true – that…

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"U.S. Housing Starts Drop to Lowest Level Since June 2020"

Realtor.com reports, "The numbers: Construction of new U.S. homes fell 11.3% in August—falling short of Wall Street expectations—as builders scaled back new projects to focus on completions.

The pace of construction reversed course and fell as mortgage rates stayed over 7%, dampening home-buying demand. The last time construction of new homes was at this level was in June 2020.

So-called housing starts fell to a 1.28 million annual pace from 1.45 million in August, the government said Tuesday. That’s how many houses would be built over an entire year if construction took place at the same rate every month as it did in August.

Economists on Wall Street were expecting a drop in starts to 1.43 million. All numbers are seasonally adjusted.

…

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"Austin expedites land use reforms for denser housing"

Austin Business Journal reports, "a push by a handful of Austin-based nonprofits to expedite construction of denser, more affordable housing has garnered a response from City Hall.

A coalition of housing-focused organizations issued a call to city leaders on July 7 to expedite code changes to enable developers to build denser and faster than previously allowed. The letter was from the Austin Housing Coalition, Transit Forward, HousingWorks Austin and the Austin Justice Coalition.

About two weeks later, Austin City Council unanimously approved a resolution July 20 that authorizes the city manager to propose code amendments that complement the city’s ongoing piecemeal changes to its land development code. The ultimate goal is to streamline…

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"Homebuilding starts to pick back up as buyers adjust to new pricing norms in tight market"

Austin Business Journal reports, "after months of slowdown in the wake of weaker buyer demand, homebuilders are starting to pick back up on construction — and feeling more confident about the housing market since mortgage rates surged last year.

Privately-owned housing starts in May were at a seasonally adjusted annual rate of 1.63 million, a 21.7% increase from the April estimate of 1.34 million, the U.S. Census Bureau reported this week. Meanwhile, privately owned housing units authorized by building permits last month were at a seasonally adjusted annual rate of 1.49 million, 5.2% higher than in April but 12.7% less than the May 2022 rate.

The jump in home starts observed last month is notable, said Kelly Mangold, a principal at RCLCO Real…

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"New Home Sales Rise as Buyers Run Out of Options in the Resale Market"

Realtor.com shares, "The numbers: An ongoing and persistent lack of homes in the resale market is pushing more home buyers into new construction, which caused sales to surge for the second month in a row.

The strength in new home sales was also driven by a massive jump in sales in the south. Overall, new home sales are trending higher as buyers grapple with a low level of home listings in the existing home sales market.

U.S. new home sales rose 4.1% to an annual rate of 683,000 in April, from a revised 656,000 in the prior month, the Commerce Department reported Tuesday.

The number is seasonally adjusted, and refers to how many homes would be built over an entire year if builders continue at the same pace every month.

The jump exceeded…

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"U.S. New Home Sales Surge 9.6% in March as Home Buyers Turn to Builders"

Realtor.com writes, "a lack of inventory has pushed U.S. home buyers to purchase new homes, prompting a surge in sales in March.

The strength in new home sales was also driven by a massive jump in sales in the Northeast. And overall, new home sales are trending higher as buyers have a low number of options with previously owned homes.

U.S. new home sales rose 9.6% to an annual rate of 683,000 in March, from a revised 623,000 in the prior month, the Commerce Department reported Tuesday. That’s at the highest level since last year.

The number is seasonally adjusted, and refers to how many homes would be built over an entire year if builders continue at the same pace every month.

The jump was better than what economists on Wall Street…

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"Build It and They Will Come: 10 Surprising Cities Where New-Home Construction Is Booming"

Realtor.com writes, "where are America’s new homes?

That question keeps boiling up to the surface, as buyers grapple with the current state of the housing market. High prices and soaring mortgage rates are driving affordability into the dirt. And lurking at the center of all buyer challenges is one towering and inescapable bugaboo: the lack of available homes. It’s simple math. Fewer homes = increased competition, higher prices, and epic levels of frustration.

Last year, new-home construction permits for single-family dwellings declined by about 14% over the previous year—and it’s hardly a new trend. Since the 1990s, U.S. housing starts per 1,000 households have been about half of what they were for the preceding 30 years. The building slowdown…

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"Austin Housing Market Forecast"

U.S. News reports, "given the enormous popularity of the greater Austin, Texas, area for online searches, newcomers and employment growth, it may act as a reasonable bellwether for the state of the U.S. housing market. This will certainly be tested in the spring and summer selling season, when the National Association of Realtors reports that about 40% of sales of existing homes throughout the U.S are historically made between the months of May and August. Besides offering warmer weather, buying a home during these months allows buyers with school-aged children to shop, bid, close and move into a new residence before the start of a new school year.

Similar to the overall U.S. housing market in mid-2020, the Austin housing market went into…

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"Hundreds of Realtors, builders nominated for Austin Residential Real Estate Awards"

Austin Business Journal shares, "the time to honor Central Texas' top-selling Realtors, superlative homebuilders and inclusive master-planned communities is approaching.

Austin Business Journal's 2023 Residential Real Estate Awards are scheduled for next month. A total of 214 agents and realty teams and 16 builders and master-planned communities were nominated — you can find their names below.

There's nothing subjective about the agent awards — they are based on hard numbers. Realtors were asked to submit data on their 2022 transactions for deals in the six-country area: the five counties in the Austin metro, plus Burnet County. Winners will be crowned in three categories for solo agents and teams and ranked by last…

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