Austin Ranked Second Healthiest Housing Market by Builders
From the Texas A&M Real Estate Center Newsletter:
FIVE TEXAS CITIES NAMED HEALTHIEST HOUSING MARKETS
TEXAS (Builder) – Five Texas cities swept the top spots on Builder magazine’s list of “Healthiest Housing Markets for 2009.”
Houston ranked first, Austin second, Fort Worth third, San Antonio fourth and Dallas fifth.
Rounding out the top ten were Raleigh, N.C., Seattle, Indianapolis, Ind., Fayetteville, Ark., and Washington D.C.
To compile the list, Builder analyzed the top 75 housing markets in the country, ranking them based on population trends and job growth, perennial drivers of housing demand. They also looked at home prices and the number of building permits.
It’s possible that without Hurricane Ike, Houston would have been below Austin and we’d be number one. However, what this ranking really means is that Austin and Texas are the “least worse” markets for builders. It’s all relative. Nevertheless, we’ll take it.