Housing construction up in Austin and so are prices

AUSTIN (KXAN) — For the first time in nearly 9 years the Austin Board of Realtors says the market is changing because of new home construction — but don’t expect to see a significant drop in prices.
Right now the Austin Board of Realtors says there is 2.9 months’ worth of housing inventory in Austin. That refers to how long it would take for the homes currently available to sell at the market’s present pace. Most cities have an average of six months’ worth of