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Old Posted Jun 19, 2008, 10:58 PM
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NThomas NThomas is offline
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Join Date: May 2008
Location: Lubbock, Texas
Posts: 204
Originally Posted by Raining Inside View Post
I have hard time understanding this this boom. Despite of the current U.S. economic/financial situation, these amazing major project announcements just keep coming. And the biggest proposals announced over the past three years continue to break ground and are often even bigger than the original plans.
Texas hasn't been hit as hard as rest of the country by the subprime mortgage crisis. It really comes down to basic economics. Austin still has the demand for these kind of projects but no existing supply. This demand for urban projects has increased in recent years the supply and construction will continue until that demand is supplied.