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Austin is building more homes than any other US city, study says

More homes are being built in Austin than any other city this year, according to a Redfin report. (DPR Construction/Facebook)

More homes of all shapes and sizes are cropping up in Austin than in any other U.S. city.

According to a Redfin report, Austin had more single-family building permits per capita than any other metro in the country in the first quarter of 2022. With 31.1 building permits per 10,000 residents, the city tops nine other Sun Belt cities that made the top 10 list.

And the city is doing more than just building that quintessential single-family home: Austin also topped the list for new multifamily property permits, with 26.1 permits per 10,000 people in the same quarter. The city has plans to add density and affordability to the most popular areas of the metro, including properties near stops on the planned Project Connect rail.

Austin has been the crown jewel in the Sun Belt's mass migration—and later, severe housing shortage—as remote workers and outpriced big-city dwellers flocked to fairer skies amid the pandemic. And that population swell has been felt across the region: in Austin, one-bedroom rentals rose 112% in just a year, and bidding wars have become common as prospective homebuyers fight in the limited market.

In April, Austin's median home prices set yet another record as they rose to $550,000. Inventory sits at 0.7 months, far below the six-month sign of a healthy market. But rapid building may be putting an early dent in the shortage. In April, active listings jumped 52.5%, causing the biggest year-over-year rise in inventory since 2017.


When Mach .925 is not enough: Elon Musk to upgrade his Gulfstream private jet


Elon Musk has placed an order for a new, top-of-the-line private jet: a Gulfstream G700, Austonia has learned. Delivery is expected in early 2023.

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Valencia Hotel Group Presents Live Music & Longnecks - All Summer Long

(Valencia Hotel Group)

Live music and beer? Say no more. With a location in Austin, and others throughout Texas, the court hotels by the Valencia Hotel Group have a new offering for weekend stays: Live Music & Longnecks.

Enjoy live music all weekend long and check out the hotels’ state-of-the-art amenities between sets. Make a splash in the pool, enjoy outdoor fire pits, or challenge your friends in a yard game while enjoying a weekend full of live music! Did we mention the package includes deluxe accommodations and a bucket of beer? Oh, and if you needed more convincing, this pet-friendly hotel means the whole family can join in on the fun.

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