Good news for buyers or would be custom home buyers. Austin contractors are available and the cost of goods for homes is still very low. Generally speaking homes can be built for roughly 30% less than homes were built in 2008. If you have been thinking about a new or custom home, the time is right.
Take care.
"Austin's construction industry lost 2,600 jobs year-over-year in February, according to an Associated General Contractors of America report.
The analysis released today showed 39,400 positions this February, falling 6 percent from the 42,000 reported a year before. The change was an improvement from January, when the city reported losing 2,900 jobs, or 7 percent year-over-year.
Austin was ranked 47th among large U.S. cities for its construction industry change. Of the 337 metropolitan markets included in the report, only 10 metro areas gained employees between February 2009 and February 2010. El Paso was the only Texas city that gained jobs during the 12-month period, reporting 400 more positions.
Houston lost 25,500 construction jobs between February 2009 and February 2010 and the Dallas area lost 18,000 employees. Statewide, Texas lost 109,000 jobs in the construction and construction-related businesses.
“In virtually every area, construction workers continued to suffer the brunt of the recession,” association Chief Economist Ken Simonson said."
Courtesy of Austin Business Journal
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