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Originally Posted by Urbannizer
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Which I assume means that the plan, as outlined in the 2023 Towers article, has been abandoned. While the city needs more housing, I don't know if developers currently have an appetite for building more apartment buildings. From what I understand, Austin rents have gone down, as apartment buildings may have been overbuilt, at least in the short term.
Interest rates (for construction loans) are still elevated, at least compared to where they had been over the past 17 years, but that period was during a long stretch of historically/uncharacteristically low rates.
Frankly, I think we are in a period of "the new normal," which actually aligns with historical norms. A lot of (younger) people don't know how spoiled they were with prevailing ~2% mortgage rates.