Job gains, low interest rates and relocations help send starts to an all-time high
By Kate Miller Morton
Tuesday, July 19, 2005
Continued low interest rates, strong job growth and a healthy appetite for new houses from both local and out-of-town buyers spurred Austin-area builders to start work on a record number of houses in the past year.
Builders started 13,611 homes in the 12 months that ended in June, an all-time high, according to market research firm Metrostudy. Five years ago, with the tech industry still booming, the figure was 5 percent lower.
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