What 'off the charts' demand for new homes looks like

AUSTIN (Austin Business Journal) — The market for newly built homes in Central Texas is strong — and growing stronger by the day.In February, the median home price in the city of Austin was $565,000. At the same time, there was only 0.3 months of inventory on the market, according to the Austin Board of Realtors. This means that if no new homes hit the market, the city would run out of stock in just over a week. For comparison, a balanced housing market has about six months of invent