3014 Neal ST

New construction home within biking distance to trendy East Austin entertainment district. The home has the master bedrooms downstairs. There is a bonus room upstairs. Stained concrete down, Bamboo floors up. The Master suite has a separate tub and stand up shower. The chefs kitchen has ample counter space, with a large island. The yard will be fully sodded with a privacy fence in the backyard. The property will have a stainless steel appliances. Construction should be complete by 12/15.

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7304 Grand Canyon Dr

Fresh Paint and new carpet help this recently constructed East Austin home shine. The home is located on a large lot in a cul-de-sac with a private backyard, only 10 minutes to downtown Austin. The first floor is 100% hard tile. The Master bedroom has a large walk in closet, and separate bath. The open floor plan is perfect for entertaining with a breakfast bar that opens to the main living area.

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505 N Canyonwood DR Dripping Springs, Tx

505 N Canyonwood Dr

Home with views of the Hill Country, Convenient to major roads and part of Dripping Springs ISD. Spacious layout with 5 bedrooms/4 full baths, each bedroom has a bathroom. Upper level contains second living area. All bedrooms on main level. Equipped with Gourmet kitchen w/built in refrigerator, Granite in every bathroom. Master suite complete w/ walk-in closet,dual vanity sinks, jet tub, separate shower. 2 acre lot backs to wet weather creek. 2 master suites.

We're sorry, but we couldn't find MLS # 1699556 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

An Economic Rise for the Second Quarter

The new housing starts are in for the second quarter of 2013.  The demand continues to outpace the supply due to the bustling economy and the large amount of immigration of people moving to Austin.  In 2013 there have been 9,027 new homes started.  This represents a 38% increase year to date.  New home closings in were very strong in the second quarter with 2,172 closings.  This was a 33% increase from the same quarter in 2012.  The annual pace is 24% better than the same time frame in 2012.
Builders are currently trying to meet the demand, at the moment there are 2,945 homes currently under construction.  That is 700 homes more than last quarter. One of the main issues builders are encountering is the increased build time due to the large amount of permit requests at the city.

3107 E 14 1/2 ST Austin, TX 78702

 New Construction home in East Austin. Minutes to Downtown and UT. Home will have Bamboo Floors up and Down, Hard tile in the wet areas. Natural Stone Counter tops, stainless steel appliances, Privacy fence in the back yard, and a landscape package that includes a fully sodded yard

We're sorry, but we couldn't find MLS # 9589254 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

7513 Lazy Creek Drive in East Austin

Great cash flow opportunity in East Austin. Short Sale approved at $172,500.

We're sorry, but we couldn't find MLS # 6542636 in our database. This property may be a new listing or possibly taken off the market. Please check back again.

Home Building at 4-Year High

From CNNMoney — The pace of home building rose to its highest level in more than four years in October, according to a government reading issued Tuesday.

The Census Bureau report showed builders started construction at an annual pace of 894,000 homes last month, up 3.6% from the pace in September. Economists surveyed by Briefing.com had forecast a slight slowdown in building.

“The further rise in housing starts in October confirms that the previous month’s very strong gain was not an unsustainable surge,” said Paul Diggle, real estate economist with Capital Economics. “It’s clear that the homebuilding recovery is gathering a real head of steam.”

The stronger-than-expected report came because of a surge in construction of buildings with five or more residences in them. Single-family home starts remained little changed from September. But the September and October readings were the two best months for single-family home starts since 2008 as well.

Applications for building permits slipped 2.7% to an annual pace of 866,000. Despite that decline, the October reading was stronger than any month other than September over the course of the last four years.

Housing starts have soared about 42% from year-earlier levels, while permits are up about 30%. Joseph LaVorgna, chief U.S. economist for Deutsche Bank, says the recovery in housing is coming at a critical time for the overall U.S. economy, as the lift it was getting from exports and capital spending by businesses had started to slow.

The housing market has been showing numerous other signs of recovery in recent months. Demand for homes have been helped by mortgage rates at record lows.

The Federal Reserve’s decision to buy $40 billion in mortgages every month is likely to keep rates low for the foreseeable future. The low mortgage rates, coupled with affordable housing prices and an improving jobs market have helped to restart home sales.

So Tuesday’s report is just one more sign that the long-awaited housing recovery is taking hold.

(CNNMoney)