AUSTIN, TX —According to the Austin Board of REALTORS® (ABoR) February Central Texas Housing Report, closed listings increased 11.3% year over year to 2,581 sales across the Austin-Round Rock MSA last month. Combined with a new record median price, which rose 27.9% year over year to an all-time high of $499,995, 2022 is shaping up to be a big year for the MSA’s housing market.
+15.8%increse
+16.2%increse
-25 decrease YTD
+40.8% increase
-1.1 Months
+41.1% increase
The movement of Californians to Texas is not new. In 19 of the last 20 ears, California ranked as the top move-to-Texas state. The only exception was Louisiana in 2005 as the result of Hurricane Katrina. The share of Californians relocating to Texas has increased every year since 2011.
The Federal Reserve lifted its benchmark Federal Funds Rate by 0.25% to a target range of between 0.25% and 0.5%.
Austin will house the world’s largest community of 3D printed homes as construction is scheduled to get underway this year.
Lennar Homes, one of the country’s largest homebuilders is specializing in large scale 3D printing. The president of Lennar stated that, “Labor and material shortages are two of the biggest factors pushing the dream of home ownership out of reach for many American families.” So, Lennar recently invested $207 million with ICON’s 3D printing technology.
ICON says its 3D printing technology produces resilient, energy-efficient homes faster than conventional construction methods with less waste and more design flexibility…. without compromising quality, beauty, or sustainability.
Austin will house the world’s largest community of 3D printed homes as construction is scheduled to get underway this year.
The Austin MSA ranked second in the nation out of the top 50 metros in terms of job growth rate. Over a two-year period, Austin added 49,200 jobs which resulted in a 4.3% increase in job growth for the city.