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 The pace of home construction in the San Antonio area is on track to break records, according to Jack Inselmann, regional director in San Antonio at Zonda, a housing-market research firm.
Builders started work on 5,132 homes in the second quarter which trails the peak of 5,437 homes begun in the second quarter of 2006, just before the national housing market collapsed.
Builders started construction on 9,666 homes during the first six months of 2021, up from 7,166 last year. The annual rate of housing starts reached 18,911 at the end of the second quarter, trailing San Antonio’s all-time high of 19,818 homes at the end of the third quarter of 2006. That’s up 33.6 percent from a year ago, the highest year-over-year percentage change among the top 15 U.S. housing markets.
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 Lumber futures have dropped almost 50 percent from their 300 percent peak in May 2021, according to Nasdaq.
The fall came as mills restarted or ramped up production and some customers delayed purchasing until prices came down, the New York Times reported.
However, prices remain at more than double what they were a year ago. Mills have begun to restart or increase production.
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 Bill Miller Bar-B-Q is working to acquire 57 acres on the City’s West Side for $3.1 million with plans to move its headquarters and operations to the property. The property is adjacent to distribution centers for Amazon.com Inc. and Glazer’s Beer & Beverage, and it is also near the San Antonio Food Bank. …Read Entire Post
GrayStreet Partners, a local developer, purchases San Antonio’s former Lone Star Brewery for $14.45 million.
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 Despite the uncertainty in the air, some of San Antonio’s largest and most anticipated commercial developments are still set to finish this year.
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 Courtyard at Encore SoFlo Encore SoFlo, a new 339-unit apartment complex development in the Central Business District near Southtown, was recently completed by Dallas based, Encore Enterprises Inc. Surrounded by several other projects in the area, Encore SoFlo is creating a demand for retail and restaurants. …Read Entire Post
According to the American Institute of Architects, 2020 started the year on a strong note as architecture firm billings strengthened slightly in January.
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In hopes to create more affordable housing, the San Antonio Housing Trust offered $30 million in tax breaks without realizing rents are too high for majority of low-income residents.
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The Japanese automobile components and technology company, Aisin AW, has confirmed plans on a $400 million project. This comes at the heels of Toyota Motor Corp. announcement for its $391 million investment in its current San Antonio truck manufacturing plant.
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 New University Health Tower San Antonio’s University Health System is proceeding with plans to build a 12-story tower at its main campus, located in the South Texas Medical Center.
Upon the late 2022 completion of the $500-million expansion, the new tower will hold the healthcare system’s inpatient women’s and children’s medical services and will offer two emergency departments for OB/GYN patients and children. …Read Entire Post
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