✉news BusinessReal Estate first seen 13 h ago, last 1 h ago, peak #9
Austin residential permits slide as construction costs spike
Original: Austin’s residential permitting figures slide further amidst spiking construction costs
Austin's residential permitting numbers have fallen further, a new report shows, with builders pulling back as construction costs climb. The decline adds to concerns about the city's housing supply, since fewer permits today point to fewer homes coming to market in the years ahead. Industry watchers are tying the slowdown to rising material and labor expenses squeezing development margins.
Why now: Rising construction costs and slowing homebuilding in Austin are pressing concerns for housing affordability and the local real estate market.
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- Austin’s residential permitting figures slide further amidst spiking construction costs · The Real Deal
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