Quote:
Originally Posted by KevinFromTexas
Eh, there's tons of construction happening in Austin.
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I agree and my take is this. Once this massive new apartment construction wave finishes up, we will see a big yoy jump.
Also, anecdotally, on my street alone there are 9 new builds under construction or just wrapped up.....5 of them are owner builds, not builder specs. Buyers are scooping up old homes typically occupied by 1 person (in my case the original occupant from the 50's passed on), tearing it down and replacing it with whatever the lot will allow (typically 40% of the lot - yielding 2200-3800sqft homes)
They occupy these new homes with families (in my case 5 people). Zilker Elem, just a few years ago was on the chopping block due to low enrollment, is now JAM packed. All of my neighbors in new houses have kids, are expecting a kid, or both.
There are 4 other homes that are spec houses by builders....that is 9 new homes on Hether in the 3 blocks from Bluebonnet to Lamar. Just in a 24 month period. I would guess just from those new homes alone, that would net a least 20 new people in 3 blocks in 2 years.
This is not just what I see on my street, I see it all over the neighborhood. The park is packed with new families from all over Austin, and beyond, most of them with some sort of tie to Texas at least. The 1000 sqft homes being torn down are occupied at most by 2 people and families are replacing them.
I think if the NIMBY's got out of their homes and joined the rest of us walking down to Blues on the Green...they would see that the changes in their neighborhood are more about the people than the architecture.