Quote:
Originally Posted by paul78701
It states that we've added nearly 28k housing units. That definitely does not seem to track with 5k population growth.
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I was thinking of separate numbers the city tracks (based on permit and certificate of occupancy) for just within city limits.
I can't for the life of me find where that data was, but I did find this interesting map tracking square footage.
https://data.austintexas.gov/stories...tin/wq6n-itt3/
CoA added about 16M square feet of multifamily housing for each of 2019/20/21, and even more (24M) in 2022.
Even ignoring SF (assuming a lot of it is tear down and rebuild) most MF development is additive (even redevelopments end up adding lots of units).
At a guestimate of 1k sq ft per unit, that's 16k added units in 2021 and so forth. Vacancy may have slightly moderated but it's not dropping like a rock.
Only 5k growth seems odd. We lost a lot of children already, so maybe that's continued, but seems like we'd have to have lost a lot of people per existing unit.