REOC San Antonio
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Kim_Gatley
Kim Gatley
S
enior Vice President & Director of Research at REOC San Antonio

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San Antonio Housing Forecast calls for recovery in 2011

According to the 26th Annual San Antonio Housing Forecast, things are looking up for local home builders.  Although construction of new homes is off roughly 60% compared to the peak of 19,000 homes started in 2006, MetroStudy reported that builders started construction on 7,599 new homes last year which is up about 5.5% from 2009.

The Far West sector, which experienced about 36% of new starts in 2010, is expected to see the largest market share over the next decade.  Looking ahead, Metrostudy projects that the market will see an estimated 9% increase in 2011 which will equate to nearly 8,300 new home starts.

Read Building is up, but still not great (MySA.com, 1-3-11)

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