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A startup built from the ashes of the devastating California wildfires is now setting its sights on a new crisis: Austin's housing market.
It's no secret that Austin is the nation's current "boomtown," as billionaire resident Elon Musk said in January. With an exploding tech industry and a steady surge of newcomers, Austin's housing market is high on demand and recently devastatingly low on supply.
The median sales price in Austin rose 16.4% from 2020 to 2021, according to the Austin Board of Realtors' year-end report. As prices rise, many prospective buyers get boxed out of the market—if they can even find an available home in the first place.
California-based Homebound hopes to balance Austin's growing market.
The company, which offers a comprehensive online homebuilding service, was founded in 2017 after cofounder Jack Abraham lost his home in the California wildfires. Since then, the project has become a one-stop shop for customers looking to choose how their home is constructed.
While Austin has not been devastated by wildfires, it does have a dire need for new homes. By customizing the construction experience, Homebound hopes to give prospective buyers the option to build instead of buy.
With their team of construction, real estate and technology experts, Austin's newest contractors help buyers every step of the way- from finding a plot of land to adding final touches to the home. Customers can choose from a variety of plans that cover hundreds of steps within the financing, architecture and design, lot preparation, construction and move-in processes. Customers can find a lot of land through Homebound or purchase a lot already owned by the company.
With Austin's drenched market, it's sometimes less expensive to build than to buy. By giving homebuyers a simplified building option, Homebound can help create a more affordable alternative within the metro, according to the company's website.
"While home prices are skyrocketing, construction costs remain low, making Austin a builder's paradise," the website's Austin page reads.
Not including land cost, building costs start at around $300,000, CEO and co-founder Nikki Pechet told TechCrunch.
Eventually, the company hopes to bring affordability and simplicity to home markets across the country, including other tech hubs like Miami and Charlotte, Pechet said.
"This is just the start," Pechet told TechCrunch. "We're taking the platform to markets across the country to help exactly with this issue."
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A week after Texas added two congressional seats and California lost one, state officials reported a population decline in 2020 for the first time in the Golden State's history.
California fell by over 182,000 people from January 2020 to January 2021, dropping almost 0.5% to cap out at around 39.5 million people. It is still the nation's most populous state.
For over thirty years, California has seen more people leave than move in from other states, state officials said, with 6.1 million people moving out and 4.9 million coming in last year. Immigration and births kept California growing, but the state saw a shrink in international migration in 2020 due to COVID and the White House's hold on visas.
Of the steady flow of ex-Californians moving to other states, more are moving to Texas than any other state. Many are relocating to Austin, which has been labeled a "little California" by billionaire resident Elon Musk and continues to grow astronomically.
Meanwhile, California cities including Los Angeles, San Diego, San Jose and San Francisco saw a population decline.
With immigration and state migration on the decline, the Golden State was also hit with a spike in deaths- 51,000 people died from COVID in 2020, and all but seven of the state's counties saw death rates higher than the three-year average.
Still, the California Department of Finance said a "slightly positive annual growth" can be expected next year as the state recovers from COVID deaths and political repercussions.
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- 1 1/2 oz of hibiscus-infused Tito's Handmade Vodka
- 2 oz sparkling water
- 1 oz fresh lime juice
- 3/4 oz simple syrup
- 1 tsp allspice dram
The sun is out, and thousands of Austin FC fans will be as well as Austin FC goes to Kansas to play Sporting Kansas City at 6:30 p.m. on Sunday.
There's plenty of pub partners to choose from, but here's a few watch parties to help you get in on the action.
Los Verdes watch party at Hopsquad Brewing, 2307 Kramer Lane
Fun fact: @LosVerdesATX brings sleeping bags and they basically live in the grain room between games. They'll emerge from time to time for a cup of coffee and to see if the #verde keeper kit has been released. pic.twitter.com/6HKUEHUFWY— Hopsquad Brewing Co. (@HopsquadBrewing) May 3, 2021
Ol' faithful: Hopsquad Brewing is hosting its weekly watch party, complete with beer, food trucks and the possible release of a new michelada, in partnership with Austin FC fan club Los Verdes. Admission is free, but make sure to bring a lawn chair so you can watch from the brand-new LED screen.
Austin Anthem North at 601 Whitestone Blvd, Cedar Park
Live up North? Looking for a place to catch the match? Join Us this Sunday.— Austin Anthem (@AustinAnthem) May 7, 2021
⚽ #AustinFC 🆚 #SportingKC
🗓 Sun, 5/9. 6:30pm
🍺 $1 off pints with @AustinFC gear and #verde Beer
🌮 Van's Damn Tasty Tacos & Ronburguesas $6 Fried Tots pic.twitter.com/zHRp4H2MIQ
Austin Anthem's 1,000+ audience at watch parties have been legendary, but they're splitting the group into two this week. The North Watch party will be located at Whitestone Brewery, with $1 off discounts if you bring Austin Anthem's signature beer or wear Verde. Tater tots and tacos will be on the menu. RSVP here.
Austin Anthem East at Haymaker, 2301 Manor Road
This week’s beer-storming also brings #LosZanates back to where much of the #AustinFC supporter movement was formed: @HaymakerAustin.— Austin Anthem (@AustinAnthem) May 4, 2021
⚽ #AustinFC 🆚 #SportingKC
🗓 Sun, 5/9. 6:30pm
🐻 2310 Manor Rd
The #Verde watch parties for all of #Austin. Join us!https://t.co/EdiBruetIG pic.twitter.com/7NYsEFLxCf
Austin Anthem is returning to its roots at Haymaker Austin, where much of the group originated. Beer, sandwiches and more will be on the menu for all of East Austin. RSVP here.
Head to a bar near you
If none of these watch parties are quite the right fit for you, 31 bars will be streaming the match in the Austin metro as part of the Austin FC Pub Club.
- Austin Eastciders- Barton Springs, 1530 Barton Springs Rd.
- Austin Eastciders- Collaboratory 979 Springdale Rd. Suite 130
- B.D. Riley's Mueller, 1905 Aldrich St. Unit 130
- The Bon Aire, 9070 Research Blvd
- Bouldin Acres, 2027 S Lamar Blvd
- Casa Chapala, 9041 Research Blvd Suite 100
- The Cavalier, 2400 Webberville Rd Unit A
- Cover 2,13701 N Highway 183
- Cover 3 Anderson Lane, 2700 W Anderson Ln Unit 202
- Happy Chicks, 214 E 6th St.
- Haymaker, 2310 Manor Rd.
- High Five- Anderson Ln, 2700 W Anderson Ln Unit 101
- Local Post Pub, 7113 Burnet Rd
- Pelons, 802 Red River St
- Play on 6th, 620 W 6th St
- Pluckers, various locations
- Revelry On The Boulevard, 6215 N Lamar Blvd
- Revelry- East 6th, 1410 E 6th St
- Rusty Cannon Pub, 730 W Stassney Ln Unit 120
- San Jac Saloon, 300 E 6th Street
- Shiner's Saloon, 422 Congress Ave Unit D
- Shooters Billiards 620, 11416 N FM 620
- Taco Flats, mulitple locations
- Twin Peaks, 701 E Stassney Ln
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