San Antonio Real Estate Market: Where is the New Home Construction Industry Headed?
Posted by Richard Soto on
Has the San Antonio new home construction market hit bottom? Some experts say that the dismal start of the new home construction industry this year speaks volumes about where the housing market is and where it is expected to go this year. Even further, many real estate experts are betting on the fact that the bottom of the housing market might come this year. To give you an idea of the market and how it has changed, even from just a year ago, consider that there were 1,393 new homes started in the first quarter of 2009. That's a 40 percent decline from last year's numbers. Take it one step further and consider that in the last 12 months there were 7,762 homes started in San Antonio, which is a 33 percent decline from the previous 12 months. To get a good…
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