Luxe Austin Homes - growth

"Report sees strong growth for life sciences jobs and real estate throughout Austin"

Austin Monitor writes, "Austin’s bio and health ecosystem is emerging as a significant driver of economic development, with new projects and public policy efforts shaping the future of the sector, according to the 2024 Austin Bio & Health Report authored by industry analysts Jason Scharf and Jani Tuomi.

The report found Austin is now home to over 1,100 bio and health companies, employing 21,000 people and generating a total ecosystem valuation of $42 billion. Venture capital investment in the sector has also grown, with $3.5 billion raised over the past five years, positioning Austin among the top 10 cities nationally for bio and health funding.

Among the other findings: 40 companies within the sector are valued at over $100 million, with the…

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"Six of America’s top 10 hottest zip codes for real estate are in Texas"

KXAN Austin shares, "Six of the nation’s 10 hottest zip codes in 2024 are in Texas, according to real estate site Opendoor.

The site ranked the hottest zip codes nationwide by looking at the number of homes that went into contract within 90 days of listing last year.

In 2024, 77493 and 77433, both in the Houston area, topped the list for areas where people bought homes the fastest. In 2023, the two zip codes were flipped, with 77433 on top.

San Antonio’s 78253 ranked third in 2024, while New Braunfels’ 78130 ranked fourth.

Also in the top 20 were 75126 in Forney, which ranked sixth, 78640 in Kyle, which came in 10th, and McKinney’s 75071, which ranked 12th.

“Over the past three years, we’ve seen people choose to move away from city centers…

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"U-Haul: Austin metro ranked No. 5 for one-way moves in 2024"

Austin Business Journal shares, "The Austin metro was among the hottest destinations in the country for where people were moving last year, according to the latest annual ranking from U-Haul International Inc.

Austin ranked No. 5 among the top U.S. growth metros in 2024, and Texas was the No. 2 state for move-ins — bested from the top spot after three consecutive years by South Carolina, according to data released Jan. 2 and Jan. 3.

The Dallas-Fort Worth-Arlington area took the crown for the top growth metro in the recent list, followed by Charlotte, North Carolina (No. 2); Phoenix (No. 3); and, Lakeland, Florida (No. 4). Houston ranked No. 9.

U-Haul collects migration data from more than 2.5 million one-way U-Haul truck, trailer and moving…

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"Where is Williamson County's population growing?"

Austin Business Journal shares, "With a population increase from 2020 to 2023 of 14.5%, Williamson County is clocking more new residents than all other counties in this fast-growing region.

So how do the suburbs there stack up to each other? We examined data Opportunity Austin pulled from the U.S. Census Bureau, looking at the population growth in the county’s incorporated places from 2020 to 2023, to figure that out.

Georgetown has been designated as the nation’s fastest-growing city of at least 50,000 people for the past three years, and it has been adding more people than any other city in the county. But, as the graphic indicates, Georgetown isn't the fastest growing, percentage-wise. Smaller cities have the advantage on that metric, and it…

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"Two new housing developments planned for fast-growing Hutto"

Austin Business Journal reports, "Hutto’s wave of housing construction shows no sign of slowing, with two new projects in the works for the rapidly growing community northeast of Austin.

The two projects, discussed at a Hutto City Council meeting earlier this month, would add hundreds of housing units to the rural city, where the population has more than doubled over the past decade.

The first of the two projects, known as Meadowbrook, is being developed by Columnar Investments, said John Landwehr, Columnar’s Colorado and Texas executive director. Meadowbrook would rise on roughly 88 acres along Farm to Market 1660 on Hutto’s southeastern edge.

For now, plans for Meadowbrook call for around 325 to 370 attached and detached single-family…

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"Georgetown is fastest-growing city of its size for third-straight year"

Austin Business Journal writes, "For the third-straight year, Georgetown is the fastest-growing city of at least 50,000 people by percent change, according to an analysis of data from the U.S. Census Bureau. Other Austin-area cities weren't far behind.

Georgetown's population reached 96,312 last year, according to newly released city-level data for the 12-month period spanning July 2022 to July 2023. That represents a gain of roughly 9,250 people from the year before — the eighth most in the country among cities of any size based on numeric gains.

An analysis of the data also shows that the city north of Austin grew 10.6% year-over-year, making it the fastest-growing city of at least 50,000 people. Kyle, south of Austin, ranked No. 2 with a 9%…

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"Home sales up in Northwest Austin in April"

Community Impact Austin writes, "The real estate market for the North-Northwest Austin area experienced more home sales in April year over year, according to data from the Austin Board of Realtors.

Zooming in

For the first time since January, the 78729 ZIP code saw a positive percentage increase in home sales year over year. Meanwhile, home sales in the 78750 ZIP code have consistently seen at least double-digit percentage growth year over year since February.

The only ZIP code in the area that experienced a percentage decrease in the number of homes sold year over year in April was 78758, although the number of homes still increased month over month, going from 26 in March to 28 in April.

Although growth was nearly unanimous across the…

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"Retailers are flocking to this Hill Country city — here's why"

Austin Business Journal writes, "While working on the future $130 million Shops at Flatrock Crossing development, Bobby Johnson heard a common refrain from retailers he was trying to court to Marble Falls over the last two years: they wanted to be in the fast-growing area northwest of Austin, but didn't have anywhere to go.

That's why he views it as validating that the project — which was officially announced earlier this month and is expected to bring more than 300,000 square feet of retail and restaurant space to Marble Falls next year — has already secured a tenant lineup that includes Academy Sports + Outdoors, T.J. Maxx and Michael's Stores, with other big names on the way.

"Markets like Marble Falls are the growth direction for a lot of…

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"Five questions with Austin's top multifamily developer"

Austin Business Journal writes, "Multifamily development in Austin has slowed dramatically.

In April, 29,669 multifamily units were under construction across 104 communities in the metro, compared to 50,393 units under construction in 178 communities during the same month last year, according to ApartmentData.com.

The Journeyman Group ranked at the top of ABJ's latest list of multifamily real estate developers, with 3,944 units in the works or delivered in the Austin area last year. Journeyman Group has an additional 1,613 units planned for the area.

Alliance Residential ranked second on the list with 3,089 units in 2023, while The NRP Group took the No. 3 spot with 2,442 units. Wilson Capital ranked fourth with 2,135 units and Endeavor…

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"Tesla electrifying Austin economy far and wide"

Austin Business Journal writes, "The impacts of the Tesla Inc. gigafactory in eastern Travis County can be felt all the way out to an inconspicuous warehouse in Hutto, a vast greenfield at the north end of Georgetown, a train rail line in Taylor and a sprawling industrial complex in Kyle and even a bus station in Killeen, where gigafactory workers are picked up for work each morning for a 150-mile round trip.

Those sites — and just about everywhere in between — are among the locales where the "Tesla effect" is coming to fruition, referring to how the company's headquarters relocation to Austin has spurred additional economic development in the region. That's either through direct investment by the company itself, Tesla suppliers moving here, or…

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