If you are looking for the best home builders in Texas, look no further than Austin. Named one of the real estate markets to watch in 2012 by a recent PricewaterhouseCoopers report, Austin is thriving, even during this turbulent economic time. For five consecutive months, home prices have climbed, and the trend is expected to continue. Part of the reason that Austin’s market has fared so much better than many other parts of the country is the good judgment of Austin area builders.
- Austin’s inventory does not exceed demand. Homebuilders in the area have been prudent in keeping pace with demand, careful not to overshoot the growing population.
- The housing market in Austin continues to be strong. October 2011 showed an 11 percent increase in homes pending sale, and a 7 percent increase in the number of homes sold. The price per square foot of living space has risen by 2 percent, while the time it takes for a home to sell has dropped almost 20 percent in the past year. Interest rates are low, averaging 4 percent for a 30-year mortgage. It is a good time to buy a home, and selling a home is getting easier.
- Austin has been a stabilizing force in the Texas economy. This is good news for the state, which continues to flourish while the rest of the country struggles. The housing market has an impact on the rest of the state’s economy, including the job market, and Austin has had a significantly lower unemployment rate than other cities in the nation.
- There are many reasons for Austin’s continuing stability. The home equity laws in Texas are stricter than some other states, and Austin has many factors in its favor. A diverse economy and continued job and population growth, combined with plentiful room to grow, have kept demand for homes high and prices low.
Clark Wilson Builder
With more than 35 years in the residential real estate business, it’s clear that you can trust Clark Wilson Builder to deliver, as one of the best home builders in Texas, the dream home you’ve always wanted. Whether you’re a first time homebuyer or a retiree looking to move into your fantasy home, the process starts with filling out our contact form. You can also call us at 512 423-6262 for answers to all your questions. Stay up-to-date on the Austin, Texas building industry by reading our blog, finding us on Facebook and following us on Twitter.