Housing consulting company Metrostudy recently released local-level home start reports for the second quarter, revealing a rise in residential construction in both Chicago and Austin. While both metros saw boosts in annual home starts through the second quarter, the report shows Austin reported stronger sales fueled from considerable job growth.
- Metrostudy reports both Austin and Chicago grew in annual home starts through the second quarter.
- Austin had an increase in closings fueled from considerable job growth.
- Chicago sales were limited because of rising home prices, taxes, lack of buyer confidence and political instability.